UK Markets Compliance Advisor – Structured Products

Permanent contract|London|Compliance

UK Markets Compliance Advisor – Structured Products

London, United Kingdom Permanent contract Compliance

Responsibilities

Description of the Business Line or Department

The Compliance Service Unit (CPLE) 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 (BU/SUs), CPLE performs the following tasks with respect to compliance risk:

  • defining and implementing the overall normative framework of the Compliance service and monitors 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, not including supervisory and regulatory authorities where the Legal function (SEGL/JUR) organises and coordinates the monitoring of these relations, in particular the Autorite de Controle Prudentiel et de Resolution (ACPR) and the European Central Bank (ECB);
  • consolidating and monitoring significant compliance events in the entities

The Advisory Compliance for Cross-Assets Sales and Structured Products & Solutions (SPS) team is part of the Markets Advisory Compliance (MARK/ADV) division of CPLE. The SPS Compliance Advisors provide the SGCIB Cross-Assets Sales and SPS business lines with tailored advice on how to manage their regulatory and reputational risks.

Summary of the key purposes of the role

Proactively provide compliance, regulatory, and reputational risk advisory services to the Cross-Assets Sales and Structured Products & Solutions business lines and the relevant support/operational functions, ensuring that the advice provided is suited to the needs of each business.

Summary of responsibilities

In conjunction and consultation with the manager:

Advise and alert business lines on key compliance, regulatory, and reputational risks affecting their business areas, offering practical, timely solutions adapted to the business context to address and mitigate these risks.

Maintain a current understanding of the business strategy and be conscious of forthcoming changes to this strategy which may affect the regulatory and reputational risks arising from the business

Develop and maintain an understanding of current market practices relating to the operations of the business line and related compliance policies and practices.

Advising on compliance and regulatory aspects of new products and participate in New Product Committees.

Review marketing materials and any other regulatory pre-trade information documents (e.g. typically KID as per the PRIIPs/KIDs regulation) intended for retail clients within the framework of internal policies and ensure they are clear, fair and not misleading.

Proactively maintain relationships and open communication with, and actively promote Compliance in front of, business lines and other control functions, providing support where necessary to address compliance requirements at earliest opportunity.

Active participation in the process of maintaining the risk cartography, ensuring that the inherent regulatory risks posed by business activity are determined, the mitigating factors assessed to determine the residual risk and the actions required to further mitigate, or reduce, the regulatory risk.

Liaising with Paris and other Compliance staff in overseas centres as required, and providing support in understanding the regulatory risks and the impact of the London-based Cross-Assets Sales and Structured Products & Solutions requirements and FCA Rules (particularly the Market Abuse Regime) on staff based overseas whose activities impact the UK markets.

Active engagement and liaison with the Global Capital Markets Surveillance and Compliance Controls teams responsible for day-to-day transaction monitoring and periodic desk reviews of the Cross-Assets Sales and Structured Products & Solutions business lines, ensuring appropriate support and guidance in the development of product knowledge within those teams, and assisting them with Desk Reviews and completion of enquiries arising from routine monitoring.

Liaise with the Regulation and Policy, and Senior Managers and Certification Regime (SMCR) Advisory & Compliance teams in respect of any new regulation, staffing, and their impact on the business line.

Develop and deliver appropriate regulatory training for the business line using one-to-one and classroom methodologies.

Proactive dialogue and liaison with the Cross-Assets Sales and Structured Products & Solutions Compliance representatives in Paris and other global locations on a regular and frequent basis, ensuring appropriate engagement on issues impacting Compliance and the Business lines beyond the London perimeter, and a consistent approach to the resolution of issues arising.

Active participation in investigations into incidents arising within the business lines that are the focus of the team.

Engagement with the Regulation and Policy, and Senior Managers and Certification Regime (SMCR) Advisory & Compliance teams, with active participation in the development of compliance policies and procedures.

Participation in the investigation of, and response to complaints arising concerning issues within the business lines.

Ensuring timely and accurate responses to regulatory enquiries and liasing with internal groups to obtain information.

Interaction with the Regulation and Policy, and Senior Managers and Certification Regime (SMCR) Advisory & Compliance teams to assist in the registrations process for business line staff, where required.

Participating in the impact analyses of regulatory/exchange consultation documents with Compliance, communication of requirements to business line management as required, and ensuring the implementation of any developments arising within the business lines.

Active participation in the Markets Advisory Compliance team's involvement in Compliance projects, to support the co-ordination and management of projects managed by the Central Compliance teams.

Proactive and timely escalation of issues to the head of the advisory team or their delegate, ensuring regular and frequent communication on such issues.

Involvement in delivery of items in the annual Compliance Plan, which are relevant to the coverage of the team, in a timely manner.

Maintaining a detailed working knowledge of MiFID 2, FCA, PRA, and FX Global Code rules, regulations, and guidance, and a broad awareness of AMF, Commission Bancaire and other regulatory and exchange rules and regulations as required.

Attendance at forums of, and participation in initiatives driven forward by, trade associations and other industry bodies, ensuring that SG's views on regulatory developments which could impact on its business in the UK are provided as part of any consultation initiatives.

Any other tasks/projects as assigned.

Profile required

Competencies 

  • In-depth working knowledge of MiFID 2, MAR, FCA, PRA, and other regulatory rules
  • Knowledge of wholesale banking mechanics, products, and services
  • Knowledge of other EU directives and US regulations (e.g. Volcker) relating to financial services
  • Broad knowledge of AMF rules an advantage
  • Transversal knowledge of markets related regulation
  • Communication skills
  • Flexibility and adaptability
  • Ability to make decisions
  • Ability to work under pressure
  • Analytical skills
  • Ability to use own initiative
  • Influencing skills
  • Presentation skills
  • Report-writing skills
  • Ability to work in and contribute to a team
  • Willingness to learn
  • Self-motivation with strong work ethic & desire to deliver to high standards

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.

Reference: 22000EJP
Entity: SG CIB
Starting date: 2022/06/27
Publication date: 2022/05/03
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