VP / Director - APAC Risk Assessment and Control Review Compliance Officer

Mission of RACR:

The Risk Assessment and Control Review (RACR) team is a critical part of the Capital Markets Surveillance function which is responsible for developing and conducting a robust risk assessment and control and desk review program that facilitates the ongoing assessment of control efficacy.
The RACR function works in tandem with the surveillance teams and the Change Management Team in performing their tasks to develop and conduct an effective surveillance program.

Key purpose of the role:

The APAC RACR Compliance Officer, based in Hong Kong, will be the main point of contact in the region for developing and conducting the global RACR program:

• Risk Assessment
• Control Reviews / Desk Reviews within the region in adherence to all relevant regulatory requirements and expectations and prevailing market standards within the region.

Main responsibilities:

The APAC RACR Compliance Officer will participate in:

Control reviews / Desk reviews:

• Contribute to the RACR program via an effective collaboration across Capital Markets Surveillance (CMS), Change Management & Transformation (CMT), Compliance (CPLE), Global Markets (MARK) and other key CMS sponsors and stakeholders.
• Liaise with Market Surveillance Officers worldwide (with a strong focus in Asia), by sharing the expertise of analysts in charge of Surveillance.
• Perform control reviews in accordance with the procedures, carrying out at least the reviews of the key controls identified.
• Perform control and desk reviews according to the defined roadmap.
• Take in charge the governance related to the journals mentioned above (e.g., validation of the organization of meetings and documentation).
• Ensure the updating of all CMS Market Surveillance repositories, maintain the validation of any changes made to the monitoring system (at the origin of the reviews, the implementation of the roadmap).
• Ensure all legacy trade surveillance controls are documented as appropriate.
• Maintain and review the list of Asia Market Surveillance controls.
• Assist the head of the team in ongoing interaction as required with the CPLE/REG market integrity team.
• Take in charge any other task/projects that would be considered by the management and be the point of contact for RACR in Asia.

Continuous Enhancement of the Trade Surveillance framework:

• Participate to the enhancement of current controls following above mentioned reviews by calibrating and assessing areas of weakness, gaps, improvement needed in collaboration with experts of trade surveillance and project teams.
• Engage with Surveillance vendors to review and develop the effectiveness of controls used by CMS.
• Support Market Surveillance teams in defining and developing solutions to increase efficiency and coverage.
• Develop Trade Surveillance controls to mitigate newly identified surveillance gaps.

Regulatory Watch:

• Proactively identify, analyze, and communicate the impacts on surveillance activities of any regulatory changes related to the market or industry.
• Identify new trade surveillance controls available in the catalog of external providers like SMARTS, Trading Hub… that could be pushed to production to improve the coverage.

Miscellaneous:

• Develop and publish timely metrics identifying the risks and output of the RACR program for management.
• Take in charge any other tasks that would be considered by management.

Business skills:

• Experience in a regulatory framework at leading Financial Institutions.
• Financial product knowledge is a must due to the interaction with Front Office teams.
• Working knowledge of company policies, regulation, private and public sides of businesses and market practices.

Behavioral skills:

• The role requires someone who can work in a fast-paced environment which will require flexibility to ever changing regulations and technology.
• Excellent attention to detail.
• Respect for highly sensitive information.
• A team player who can work collaboratively within immediate and wider global teams to complete existing and expanded surveillance requirements.
• Innovation: An outside of the box thinker who has a solution-based mindset, who can identify potential gaps and work to facilitate the implementation of initiatives designed to improve surveillance offering.
• High level documentation and presentation skills.
• English language essential – other languages desirable.

Behavioral skills:

• Client - Risk: I strive to satisfy clients while taking into account risks for the company
• Team Spirit - Collective mindset: I favour the team’s interest over my own results
• Team Spirit - Open mindset: I listen and share my views and my expertise in an open mode
• Innovation - Thinking out of the box/Creativity: I propose new ideas and solutions
• Responsibility - Risk awareness: I am constantly on the lookout for risks
• Responsibility - Performance: I strive for high performance

Our Culture:

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. Please visit our APAC career website: https://www.societegenerale.asia/en/careers/building-your-career-with/ for more information.

Diversity, Equity & Inclusion (De&I):

Our mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our vision:

• Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
• Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
• Engage our community and marketplace, and position the organization to meet the needs of all its clients 

Check out our DE&I initiatives: https://www.societegenerale.asia/en/careers/diversity-equity-inclusion-dei/

Department Description:

What is Compliance?

Acting in Compliance consists of knowing and respecting the rules issued by the regulators. So that all Group staff can act in a compliant manner, the rules have to be expressed in a clear and simple way, and every member of staff must be made aware of these rules and trained in accordingly. The purpose of these rules is to ensure the transparency of the Bank’s relations with its clients and supervisors, as well as its integrity. Compliance is thus the bedrock of trust between the Bank and its stakeholders.
 
Compliance’s priorities
The Compliance division ensures:

• Compliance with laws, rules and ethical principles specific to banking activities and investment services undertaken by the Group, as well as compliance with staff members’ personal rules of good conduct and ethics;
• Awareness-raising and training of all players in preventing non-compliance and reputational risks. 
• Our compliance behavior is a key part of our business as a responsible banker and our ambition to be the relationship-focused bank that enjoys the trust of our clients, and is illustrated by our Code of Conduct, which has been translated into 24 languages and is given to each new Group staff member.