Responsibilities
Description of the Business Line or Department
The Compliance Service Unit is responsible for the definition and consistency of the compliance risk prevention and control system, and for coordinating the framework aimed at preventing, identifying, assessing and controlling reputational risk.
In conjunction with the Business Units and other Service Units, Compliance performs the following tasks with respect to compliance risk:
- defining and implementing the overall normative framework of the Compliance service and monitoring its implementation;
- defining procedures and implementing a framework to ensure compliance with respect to compliance risks;
- awareness-raising among Group employees regarding compliance risk and the strengthening of the compliance culture within the Group;
- mapping and analysing Group compliance risk and general vigilance regarding issues likely to harm the Group's reputation or that of one of its activities;
- performing the second-level control and supervision of the framework, including independently assessing compliance risk management within the entities/activities with a major impact on the Group's risk profile, and individually with respect to regulated employees, in compliance with the applicable regulations;
- monitoring relations with supervisory and regulatory authorities, and representing the Societe Generale Group to these authorities
- organising and coordinating the monitoring of these relations, in particular the Autorite de Controle Prudentiel et de Resolution and the European Central bank;
- consolidating and monitoring significant compliance events
Summary of the key purposes of the role
The functional remit of the Regulation and Policy (RAP) team is UK Wholesale Banking, as part of the wider UK Regulatory Compliance team. It is based in London and comprises a strong collaborative model with equivalent teams in the Bank’s Wholesale Banking regions, Group Compliance, as well as UK Legal, UK Governance & Conduct and Group Secretariat colleagues.
The RAP team’s UK Wholesale Banking scope encompasses Societe Generale London Branch and any other entities supported by the RAP team.
The key objective of this post-graduate trainee position is to support the delivery of the RAP team’s mandates. This calls for:
- A keen interest in the Wholesale Banking industry and a general understanding of corresponding UK regulatory obligations, particularly in the context of UK/EU regulatory divergence; and participation in regulation and policy projects.
- Proactive contributions to the RAP team’s policy and training activities, alongside a working understanding of Group-level equivalents and the synergies/differences between them.
- The ability to support the RAP team’s regulatory horizon scanning, impact assessment and regulatory interpretation engagements, and the ability to identify the impacts of these upon SGLB Compliance policies and procedures.
- An appreciation of the governance and control frameworks in place to fulfil the Bank’s regulatory obligations and close collaboration with the team’s stakeholders both within and outside of Compliance.
Summary of responsibilities
Under the supervision of senior members of the team:
- Supporting the delivery of the RAP team’s policy management activities, including maintaining the team’s Policy Roadmap tracker, and ensuring normative documentation drafted by the team is in line with in-house formatting rules.
- Developing a firm understanding of the policy management process from a Group perspective, including in relation to UK/EU regulatory divergence, and supporting the team in the management of the local implementation of Group Compliance publications.
- Supporting the RAP team with the horizon scanning, notification and action tracking of regulatory developments relevant to UK Wholesale Banking Compliance, including rule changes, evolving regulatory expectations and enforcement actions. This includes the analysis and creation of summaries around specific regulatory topics and other ad-hoc requirements.
- Maintaining the RAP team’s Executive Committee and industry event participation trackers and supporting the RAP team with the development of its quarterly committee presentations and management information reports on policy, regulatory development and training deliverables.
- Collaborating with the team to identify innovative uses of existing technology, to achieve operational efficiencies in the RAP team’s regulatory development and policy management processes.
- Maintaining a keen interest in industry forums and conferences, whilst making full use of related learning opportunities.
- Developing an understanding of other UK Wholesale Compliance coverage areas, Business Units, Service Units and products/services provided by the Bank. Capitalising on this knowledge to increase technological capabilities and optimise the delivery of day-to-day activities.
Profile required
Competencies
- Proven interest in financial regulation and the financial services industry.
- A general understanding of UK regulatory principles and frameworks;
- Ability to understand the role of Compliance and its interconnectedness with Risk Management;
- Ability to apply policy governance standards and participate in daily horizon scanning for regulatory developments;
- A willingness to proactively seek support and guidance, and to speak up where necessary;
- Strong time management skills and a good work ethic;
- Ability to communicate clearly, in writing, about key aspects of regulatory developments and their impacts;
- Ability to contribute to management reports with accuracy and attention to detail;
- Strong stakeholder management skills and the ability to collaborate productively with others;
- Strong organisational skills, with the ability to accurately interpret and present information from a range of sources;
- Ability to coordinate stakeholder actions and follow up on open points;
- Excellent knowledge of Word, PowerPoint and Excel.
Why join us
People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.
Business insight
If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender identity.
We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.