- Perform analysis, liaise with Business Lines, KYC Team and other relevant departments to provide, in a timely manner, Sanctions compliance opinions in relation to (a) proposed transactions (including trade finance transactions, syndicated loans, debt issuances etc.) and (b) onboardings, regular and trigger event reviews of customers.
- Timely clearance of Sanctions related alerts, including but not limited to second level transactional sanctions screening alerts.
- Work with other Compliance/FCU teams, Business Lines, KYC Team and support functions in APAC to implement the relevant policies and procedures related to Sanctions Compliance program.
- Maintain a solid knowledge of sanctions regulations (including but not limited EU/US/UN and Singapore); ensure up-to-date knowledge on regulatory trends, trade-based money laundering typologies, market practices and standards.
- Contribute to the training of the Business Lines on Sanctions related matters and providing support to them to mitigate Sanctions and Embargoes related risks.
- Coordinate and manage regional governance meetings for FCU teams in APAC.
- Contribute to review and report the Management Information (KRI/KPI).
- Interact and collaborate with other teams at a local level (including AML/KYC, Regulatory, Transformation, COO teams) and at the Group level (Norms and Procedures, Oversight, Incidents teams) as well as FCU teams from other regions.
- Contribute to the development of Compliance within the Group and to enhance working methodologies (sharing best practices, promoting consistency in analytical approaches, etc.).
- Help to facilitate governance over Sanctions lists, screening and contractual frameworks.
- Assist in the review of regulatory examination and internal audit deliverables.
- Review for adherence to sanctions compliance policies and procedures and assist in maintaining these policies and procedures and establishing controls to test for adherence.
- Investigate and review potential breaches and present the residual risks to management.
- Work with business units on review and guidance regarding new product initiatives.
- Undertake ad hoc projects
ACADEMIC BACKGROUND AND CERTIFICATIONS, EXPERIENCE
Education / Qualification
- Graduate level with legal / finance or other professional qualification in Singapore is required. Legal qualification covering EU or US law is a plus.
- Preferably holder of Certified Global Sanctions Specialist (CGSS) ACAMS certification.
- At least 5 years relevant experience in a financial institution, as part of dedicated Sanctions advisory and alerts management teams in Singapore.
- Previous experience in managing a small team is preferred.
- Fluency in both English and Mandarin, of which the latter is a plus as this role covers the APAC region including China, and as such, will manage documents of client transactions that are in Mandarin
- Solid knowledge of EU, OFAC, UN and Singapore sanctions regimes
- Good understanding of financial crime risks, risk assessments and controls in relation to Sanctions related matters.
- Good understanding of trade finance products and the business line activities including market activities.
- Working knowledge of global regulatory and financial services legislation as it pertains to Sanctions & Embargoes rules relevant to the business lines.
- Good communications and influencing skills
- Good presentation and report-writing skills
- Excellent analytical skills and a critical thinker
- Excellent adaptability to an international environment
- Open-minded, willing to take suggestions and work together for solutions
- Proactive with a strong motivation to learn and gain knowledge required to perform
- Client - Understanding and Respect: I listen to clients and colleagues in order to understand and anticipate their needs
- Team Spirit - Open mindset: I listen and share my views and my expertise in an open mode
- Innovation - Simplification: I make things & ideas simple
- Responsibility - Accountability: I make decisions in my scope of responsibilities
- Responsibility - Performance: I strive for high performance
- Commitment - Sustainability: I strive to develop my skills and knowledge
We regret to inform that only shortlisted candidate will be notified.
Societe Generale is one of the leading European financial services groups. Founded in 1864, we have been playing a vital role in the economy for over 150 years. With more than 148,000 employees based in 76 countries worldwide, we accompany 32 million clients throughout the world on a daily basis. Based on a diversified universal banking model, the Group combines financial strength with a strategy of sustainable growth.
Our expertise in the Asia Pacific region ranges from Corporate & Investment Banking (Advisory, Financing and Global Markets) to Asset Management, Securities Services, Trade Finance and Cash Management Services. Leveraging on our formidable global footprint, we serve corporates, financial institutions and the public sector. With our regional headquarters in Hong Kong, we operate in 11 countries across Asia Pacific, employing over 6,600 employees. You can find us in Beijing, Seoul, Tokyo, Singapore, Mumbai, Sydney and other locations in the region.
For more information, follow us on LinkedIn @Société Générale or visit our website www.societegenerale.asia.
The position is within the Regional Sanctions Compliance Team, APAC, that is part of the Regional Financial Crime Unit (FCU), APAC. The main objective is to ensure compliance with both Group and local regulatory and compliance requirements related to any economic or financial sanctions or trade Embargoes (Sanctions).
The post holder is expected to be a Sanctions subject matter expert to work independently on certain run the bank and change the bank functions related to Sanctions advisory, alert management, investigations and controls implementation framework.
The post holder will also be one of the subject matter experts within the Regional Sanctions Compliance Team, APAC providing Sanctions expert advice to the business lines and support functions as well as work closely with local Compliance teams in APAC.
More generally, the post holder is expected to proactively implement policies and procedures, anticipate/identify as appropriate Sanctions related matters and risks in a timely manner and communicate effectively to relevant stakeholders, contribute to the Sanctions training and awareness program, conduct on-going review of the adequacy and effectiveness of the Sanctions control framework, and undertake ad hoc projects to enhance on an ongoing basis the Sanctions Compliance program.
The post holder is reporting:
- Locally, to the Chief Compliance Officer of SG Singapore; and
Functionally, to the Regional Head of Sanctions Compliance based in Hong Kong
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.