Controls Officer SGSS
- London, England, United Kingdom
- Permanent, Full time
- Société Générale - UK
- 15 Aug 17
Controls Officer SGSS
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Description of the Business Line or Department
As part of SGSS, TDS – UK has been established to provide trustee and depositary services to UK domiciled investment funds constituted under both UCITS and AIFMD under the appropriate regulatory permissions required by the FCA and the PRA.
Societe Generale Securities Services (SGSS) in the UK is a business line of Societe Generale London Branch.
SGSS is a pan European providers which offers a full range of securities services:
• Custody & Trustee services
• Fund Administration & Asset Servicing
• Fund Distribution, liquidity Management, Issuer Services & Clearing services
Summary of the Key Purposes of the Role
• Reporting to the Oversight & Controls Manager, TDS –UK, the Controls Officer is responsible for executing TDS desk top controls in and accordance with documented policies and procedures to ensure that trustee/depositary's oversight obligations in respect of the fund are discharged in compliance with UK and EU regulations.
The Controls Officer is also required to participate in site review visits to Authorised Fund Managers and their delegates as directed by the Head of TDS –UK.
With regard to the specific regulatory responsibilities of the depositary, all TDS staff, including the Controls Officer, must take full account of the overriding objective of ensuring that the Authorised Fund Manager acts in the best interests of unitholders ( FCA COLL Rule 6.6B 2, UCITS Article 25).
Summary of Responsibilities
Working under supervision of the Oversight & Controls Manager:
• Assist in development of controls and procedures to discharge the depositary's responsibilities of oversight under UK and EU regulations
• Implementation and completion of documented procedures and controls, taking ownership of processes where directed
• Execution of various parts of the control plan as directed, ensure plan checks are on time and monitor follow-up activities
• Maintain information within relevant IT systems and ensure up to date, developing and implementing new controls to meet new regulatory requirements as identified by the Fiduciary & Technical Manager.
• Validation of all relevant information sent to clients
• Participate in site review visits as directed
• Assist in developing good working relationships with Authorised Fund Managers and their delegates (eg.Fund Administrator, Transfer Agent, Fund Auditors) as well as internal SG Group entities.
• Participation in any SGSS cross-functional projects as required by the Head of TDS - UK.
Level of Autonomy and Authority
Under guidelines defined by the Oversight & Controls Manager , moderate level of autonomy.
• Operational skills (including use of appropriate IT applications)
• Regulatory skills
• Strong communication skills
• Independent critical thinking & decision making abilities
• Ability to work under pressure
• Analytical skills
• Fluent in English
• FCA COLL Rules
• FCA FUND Rules
• UCITS ( Undertakings in Collective Schemes)
• AIFMD (Alternative Investment Fund Managers Directive)
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 Societe Generale, 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 reassignment.