Compliance Officer, Risk Review

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Société Générale - UK
  • 18 Oct 17 2017-10-18

Compliance Officer, Risk Review

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 Business Line:
The Risk Assessment, Monitoring and Testing team (SEGL/CFT/GBS/AMT) has a specific mandate within Compliance which is to evaluate and monitor the risks of non compliance, reputation and misconduct that GBIS (excl. PRIV) is exposed to across its business activities and operations globally. The Global Head of AMT has a direct reporting line to the Global Head of Compliance for GBIS and the team is independent from operational business lines and other Compliance teams.

The role of Compliance Risk Review Officer sits in the Risk Assessment, Monitoring and Testing team in SG London Branch's Compliance Department. The team is primarily responsible to execute Compliance reviews covering GBIS activities within EMEA with a primary focus on SG London Branch, SG International Limited and Lyxor UK activities. The role may involve occasional travels to SG Paris, and/or other SG Paris branches or subsidiaries within EMEA.

There are 3 Managers in the team who are respectively responsible for reviews covering the following business perimeters: Global Markets and Lyxor UK, SG Securities Services and other activities subject to FCA CASS rules, Private Side (CORI, GLFI and MCIB) and Research (MARK/GRS) activities. These Managers report to the Global Head of AMT who is also in charge of the London team.

Summary of Role:
• Contribute to and/or deliver end-to-end Compliance reviews, as required by the annual plan
• Ensure timely tracking and resolution of AMT recommendations and escalation to Manager in case of bottleneck
• Ensure timely implementation of internal/external audit and regulator's recommendations assigned to AMT

Responsibilities:
The Compliance Risk Review Officer (“Reviewer”) has a direct reporting line to the Compliance Risk Manager. The Reviewer is assumed to be primarily assigned to and executing reviews pertaining to his or her Manager's business perimeter. He or she may nevertheless be assigned to other business perimeters on a need basis. In that case, his or her performance will be supervised and assessed by the Manager in charge.

Development of the annual review plan
• Support the Manager in developing the risk-based annual review plan. To that extent, assist in the scheduling and preparation of meetings with business and Compliance stakeholders on the one hand, the analysis of the results of the risk assessment results and other sources of information considered to identify areas of higher risk on the other hand (e.g. regulatory agenda, past regulatory examinations, reviews or audits, etc)

Delivery of the annual review plan & reporting
• Execute thematic/ cyclical/desk review activities and report results to the Manager
• Perform research and gather information sufficient to understand the theme/activity to be reviewed;
• Meet with business and Compliance stakeholders to understand the business and regulatory context;
• Perform walkthrough and document business processes, where required;
• Formalise scoping document, design and execute testing program;
• Document review work on the appropriate AMT templates and timely escalate findings;
• Supervise and coordinate the work delegated to other team members, if applicable;
• Identify issues through testing and write draft findings/reports including recommendations;
• Get clearance from Manager, issue report to stakeholders and validate recommendations/action plans
• Submit draft reports to the Manager in charge to supervise the review prior to issuance and communication to the relevant business and Compliance stakeholders
• Ensure timely tracking of AMT recommendations as assigned by the Manager and provide updated status in the recording database on a monthly basis
• Provide periodic updates of the review status to the Manager in charge and update the team's activity report on a monthly basis, as required. Comment on key risks/issues identified and highlight any risk of slippage, or provide justification for slippage, if the original delivery schedule is not going to be met
• Provide periodic updates of the review status in weekly team meetings and update the team's activity report on a monthly basis, as required. Comment on key risks/issues identified and highlight any risk of slippage, or provide justification for slippage, if the anticipated delivery schedule is not going to be met

Engagement with business line and Compliance stakeholders
• Manage communication to relevant business line and Compliance stakeholders as per the review life cycle
• Participate in ad hoc meetings with key business and Compliance stakeholders, as agreed with the Manager
• Maintain knowledge of the business line organisation as well as its strategic developments and projects

Engagement with internal/external audit and regulators
• Ensure timely implementation of internal/external audit and regulator's recommendations
• Assist internal/external auditors and regulators during their investigations, as required

Other responsibilities
• Maintain a working knowledge of the FCA rules and regulations
• Perform the team's permanent supervision controls, as required
 
Level of Autonomy:
The Reviewer will have to manage autonomously the responsibilities set out in this job description. He shall not make decisions which would have an impact on the delivery of the review without referring identified to his/her Manager and getting his/her approval. The Reviewer shall escalate any high risk/issue or bottleneck in the execution of the annual plan without delay to his/her Manager.


Profile:

Competencies:
Technical knowledge
• Working knowledge of regulations relating to financial services (FCA rules, EU directives, etc)
• Working knowledge of Capital Markets and Investment Banking operations and products

General Competencies
• Negotiation skills
• Presentation skills
• Report writing skills
• Analytical & problem solving skills
• Time management skills
• Team player & leadership qualities

Work Experience:
• work experience in the financial services industry
• work experience executing compliance reviews in a financial institution comparable to SG (preferably covering Global Capital Markets and/or Investment Banking activities)
• Experience of managing deadlines and deliver time boxed projects

Education:
• University Graduate in Law, Bank & Finance or Economics
• Professional diploma or qualifications in Compliance and/or Audit (preferred)

Languages:
Fluent English: strong verbal and written communication skills, ability to articulate concisely technical matters

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.