Compliance Officer - Financial Crime

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Société Générale - UK
  • 13 Mar 18 2018-03-13

Societe Generale is one of the largest financial services groups in Europe and has been serving the needs of its clients in the UK for more than 100 years through a range of businesses

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.

Description of the Business Line or Department

Mission Statement of SG Compliance:

“To enhance and maintain a robust compliance framework, in partnership with all stakeholders, to execute the firm's strategy in accordance with its risk appetite, regulatory expectations and industry best practices”.

In order to achieve its mission statement, Compliance activities are centred on five key objectives, in support of senior management, business lines and resource functions, where the business lines have first level accountability and responsibility and where Compliance's responsibility is with respect to compliance, reputational and conduct risk matters.

These five key objectives are as follows:

• Providing Advice and Policy Development
• Facilitating Knowledge and Awareness
• Undertaking Monitoring and Surveillance Activities
• Performing Risk assessment, Review and Control Activities
• Managing the Relations with Regulators

Summary of the key purposes of the role

The Financial Crime Unit (‘FCU') is part of the wider Compliance function. It is responsible for providing advice and guidance to business management for the SG investment banking business in London (SG London Branch, SG International Ltd, Lyxor Asset Management UK LLP and Descartes Trading SA – collectively “SG London”) on the financial crimes risks faced by their business and providing an oversight function on the effectiveness of mitigation controls and processes.

The key purposes of the role is:

* To provide assistance and advise to the management of SG London in their responsibilities under the Bribery Act and the Criminal Finances Act (corporate tax evasion offence). To have oversight over the effectiveness of the measures introduced by management to adhere to the requirements of this legislation.
• To work with the Head of the Financial Crime Unit and other members of the team to maintain and further enhance SG London's financial crime compliance programme in line with SG Group Instructions relating to financial crime matters and UK legal and regulatory standards;

• To act as the principal point of contact for matters relating to SG London's control framework covering its adherence to the Bribery Act 2010 and its obligations under Part 3 (the failure to prevent tax evasion) of the Criminal Finances Act 2017.

Summary of responsibilities

To assist the Head of the Financial Crime Unit or take responsibility for the following:

o Ensuring that ABC and Gifts and Entertainment policies comply with UK and French legislation as applicable to SG London In addition, to liaise with the SG Group Compliance function in Paris in respect of these policies;

o Developing, implementing and managing the anti-bribery and corruption strategy within SG London including the gifts and entertainment programme. To liaise with SG Group Compliance in Paris in respect of that strategy;

o Providing advise to business units on anti-bribery and corruption issues;

o Developing and maintaining appropriate monitoring controls related to ABC and TEFO implementation;

o Overseeing and, where appropriate, undertaking, the internal investigation of issues arising and breaches of related policies, escalated where necessary;

o Submitting relevant ABC MI reports to the MLRO and FCA, as required. Manage the follow-up process, to ensure that the responses from such external agencies is appropriately applied, maintaining all associated records in accordance with legal and regulatory requirements;

o Developing and delivering relevant ABC training to employees;

o Maintaining a detailed working knowledge of the legislation and associated guidance related to the Bribery Act and Criminal Finances Act 2017 including attendance to forums and industry bodies;

o Uphold the 11 FCA Principles for Business and the 7 Statements of Principle for Senior Managers in order to promote a culture of compliance and treating customers fairly within SGLondon UK

o Actively promote the business principles both within, and externally to, the Compliance Department

Level of Autonomy and Authority

Role involves acting with initiative and autonomy, where appropriate, ensuring proactive upward reporting of relevant issues, as well as seeking guidance and advice as required



• Operational Skills

• Regulatory Skills

• Communication Skills

• Flexibility- Adaptability

• Ability to make decisions

• Ability to Work Under Pressure

• Analytical Skills

• Initiative

• Leadership Qualities

• Teamwork

• In-depth working knowledge of FCA and other regulatory rules

• In-depth working knowledge of financial crime related legislation

• Knowledge of EU directives relating to financial services, as well as broad knowledge of AMF and ACPR rules

• 5+ years compliance experience relating to Bribery and Corruption

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.