Head of Bank Regulatory and Prudential Regulatory Affairs

Department Summary:

As a business partner and a second line of defense, the SG Americas Compliance Department supports the Business Units and Support Functions in carrying out banking activities in accordance with regulations and ensuring the sustainable development of our business activities. Société Générale in the Americas is present in the United States, Canada and Brazil where it focuses primarily on corporate and investment banking activities.  SG also operates in several Latin American countries where it offers a range of specialized banking and financial services. In addition to lending, securitized products, investment banking, SG Americas offers global transaction banking, and has two registered broker-dealers, which engage in a large range of activities.  SG Americas operates through a New York branch, and other branches and representative offices.

The Compliance Department ensures compliance with laws, rules and ethical principles specific to banking activities and investment services undertaken by the firm, as well as compliance with staff members' personal rules of good conduct and ethics;

Day-to-Day Responsibilities  :

The role has two main responsibilities: (a) overseeing the SGUS regulatory relations team, which is the team serving as the central point of contact with SGUS’ prudential (banking) regulators) and (b) managing the SGUS bank regulatory compliance framework.  Specific responsibilities include, but are not limited to:

• Acting as central point of contact for SGUS’ prudential/banking regulators;
• Overseeing SGUS regulatory relations team and framework to ensure sufficiency and consistency in SGUS’ approach to working with its prudential/banking regulators across the Americas region;
• Working closely with executive management, business lines and control functions (including compliance, risk and legal) and SGUS and Group Executive Management and Group Management to interpret supervisory messaging and prepare them for regulatory interactions;

• Managing examinations conducted by SGUS prudential/banking regulators;
• Reviewing key supervisory deliverables, including written communications to regulators (e.g., response letters) and advising internal stakeholders on corrective actions;
• Serving as a voting member of the Remediation Committee, providing oversight/decisions on action plans and remediation efforts;
• Overseeing and managing SGNY’s bank regulatory compliance framework and team (including governance framework, risk-and-control framework, regulatory risk assessments, training, bank regulatory policies, etc.);
• Assisting the business with applicability of banking rules to transactions, structures or business activities; and providing advice on development of internal controls and procedures;
• Overseeing Compliance Department efforts and obligations with respect to other banking regulations and guidance such as, among others, those relating to anti-tying, Regulation YY and applicable SR letters; and
• Working with the Legal Department to address requirements under new and existing banking regulations and statutes;
• Reports to and supports the Head of Compliance, SG Americas

Competencies:   

• Strategic thinking: the ability to understand broad business issues and their strategic implications and to make sound business recommendations.

• Strong analytical, problem-solving and organizational skills and attention to detail.

• Strong analytical capability: the ability to break down complex problems into simple manageable units, develop solutions for each unit, deal with ambiguous situations and challenge conventional thinking.

• Results oriented: setting goals and priorities that maximize the use of resources available to consistently deliver quality results
• Strong interpersonal effectiveness: is self-aware of their own behavior and work style, as well as tolerant of different needs and viewpoints. Ability to demonstrate interest in others’ opinions and consideration/respect for other people’s views/feelings.
• Communication Skills: excellent verbal, writing and presentation skills with the ability to interact with stakeholders at all levels within the organization and be able to relay complex technical concepts to non-technical audience.
• Leadership: ability to set team direction and motivate others to follow that direction.
• Demonstrated history of taking initiative.
• Ability to prioritize and work in a dynamic, deadline-focused environment.

Technical Skills & Knowledge:

• In-depth knowledge of US banking regulations

• Experience working for or with foreign banks operating in the US a strong plus
• Experience working at the Federal Reserve a strong plus
• Experience with Microsoft Word, Excel, and PowerPoint

Qualifications (Experience, Education, Languages):

• Ideal candidate will have a minimum of 15 years’ relevant work experience
• Bachelor’s degree required; JD or master’s degree preferred 
• Experience interacting with prudential banking regulators or working at the Federal Reserve Bank
• Relationship management experience within a bank
• Experience dealing with regulatory examinations within a significant wholesale bank is a plus
• Strong understanding of US bank regulations applicable to foreign banks operating in the US
• Credibility and proven effectiveness in dealing with regulators and senior business officers
• Sound understanding of US financial industry, wholesale/investment banking businesses

• Appreciation of regulatory expectations and supervisory processes

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

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. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

DIVERSITY, INCLUSION & BELONGING (“DIB”):
Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/

COMPENSATION:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.