Compliance Officer: Business Management Office FTC - Compliance - London, United Kingdom
Location: London, United Kingdom
Type: Full Time
Internal Number: 20442358
Description of the Business Line or Department
The Group 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 across the entire Group.
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
Summary of the key purposes of the role
The role of the Business Management (BMO) team within Compliance is to support the Head of UK Wholesale Banking Compliance and (as a result of delegations received from the Head of UK Wholesale Banking Compliance) the Head of UK Central Compliance in:
(a) maintaining the organisation, governance and day to day operational functioning of the UK Wholesale Banking Compliance function
(b) ensuring that there is an appropriate level of formalisation for the Head of UK Wholesale Banking Compliance to demonstrate he took reasonable steps to prevent breaches and otherwise comply with his anticipated responsibilities as a Senior Manager (SMF16 Compliance Oversight) when SGLB is reauthorised as a Third Country Branch, and
(c) escalating risks and issues within wider SG London and Group governance and management frameworks.
In particular, the BMO Team:
??? Ensures the maintenance and running of the UK Wholesale Banking Compliance governance framework and support the Head of UK Wholesale Banking Compliance in complying with his obligations under the SG London SM&CR Policy
??? Ensures the effective operational functioning of the Compliance department in terms of budgets and financial control, operational and conduct risk breach recording management, facilities, access profiles and other technology support, follow up on IGAD and CTL recommendations, and the permanent supervision and wider control frameworks implemented in GPS, MyAPRC, the PCT project and other relevant tools and systems
??? Ensures an appropriate and sustainable Compliance reporting, communication, metrics and follow up framework is implemented to keep relevant stakeholders informed of the activities, output and risks identified arising from or coordinated/managed by the BMO team
??? Oversees the budget process for CPLE UK
??? Coordinates the RCSA exercise for CPLE LDN and otherwise provide support as required on transversal topics/ad hoc projects
The Business Manager supports the Head of the BMO team in discharging the BMO Team's responsibilities, with a particular emphasis on the UK Wholesale Banking Compliance governance topics.
Summary of responsibilities
Oversee the Compliance budget and reforecasts for the UK, including headcount, consulting, travel, etc by working with all UK and Paris stakeholders and collect and document the annual budget for headcount, consulting, IT budgets, travel, training, and any other discretionary costs
Generate various reports, primarily but not exclusively, for use by Compliance management, including conduct risk reporting, monthly management information packs and budget reporting
Maintain the documents formalising the responsibilities of the Head of UK Wholesale Banking Compliance and his delegation to other individuals (incl. statement of responsibilities, job descriptions of delegates, attestation)
Maintain the section of the SGLB Management Responsibility Map (MRM) related to the UK Wholesale Banking Compliance perimeter
Act as alternate/delegate to the Head of the BMO Team in coordinating (i) the production and validation of the reports about regulatory risks presented in the SGLB Risk Management Committee (RMC) on Non-Financial Risks, (ii) the CPLE/LDN responses to the annual RCSA exercise and (iii) the production of the SGLB synthesis and actions presented to the SGLB CEO as part of the annual COMPASS compliance risk assessment
Collaborate with other members of the BMO Team in supporting the construction and validation of the annual SGLB Compliance and Financial Crime Plan
Act as alternate/delegate to the Head of the BMO Team in responding to requests for ad hoc memos from the Head of UK Wholesale Banking Compliance and/or the SGLB Compliance ExCo to support escalation of risk or issues to local and functional management
Collaborate with other members of the BMO Team in supporting the definition of the agenda and preparation of the UK Wholesale Banking Compliance roadmap and townhall presentations
Where applicable, liaise with Group Compliance teams to ensure SGLB's interest is communicated and taken into account as part of global initiatives and have a proactive dialogue with Compliance teams based in other locations to ensure appropriate engagement on issues having an impact beyond the SGLB perimeter.
Work with all Compliance stakeholders to review, revise and implement controls as part of the Permanent Control Transformation programme (PCT) and escalate and / or provide status reports to management on an as needed basis.
Other tasks as required
??? An experience in a similar role within a Financial institution or, at the very least, in an organisation with a fast-paced, demanding environment;
??? A sound knowledge & appreciation of legal regulatory & industry requirements;
??? Excellent communication skills (both oral and written);
??? High attention to details and ability to manage confidential information
??? Regulatory / Compliance knowledge
??? Operational Skills
??? Regulatory Skills
??? Communication Skills
??? Flexibility - Adaptability
??? Ability to Work Under Pressure
??? Analytical Skills
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.
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 Soci??t?? G??n??rale, 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: 23000UR9 Entity: Societe Generale London Branch Starting date: 2024/02/12