Deputy Fiduciary & Funds SME, Deputy MLRO & MLCO Trust & Funds - Legal / Taxation / Compliance Jersey - Great Britain Deputy Fiduciary & Funds SME, Deputy MLRO & MLCO  …

SOCIETE GENERALE
in Saint Helier, Channel Islands, United Kingdom
Permanent, Full time
Be the first to apply
Competitive
SOCIETE GENERALE
in Saint Helier, Channel Islands, United Kingdom
Permanent, Full time
Be the first to apply
Competitive
Deputy Fiduciary & Funds SME, Deputy MLRO & MLCO Trust & Funds - Legal / Taxation / Compliance Jersey - Great Britain
Description of the Business Line or Department
The role of the Deputy Fiduciary and Funds SME is to be part of the Compliance, Anti-Money Laundering and Financial Crime Team ("CAFC") that provides direction and support to the SGKHG CAFC Teams in these specific activities. These activities are across Global Businesses, Global Functions, and jurisdictions within the second line of defence to obtain reasonable assurance to ensure that the business is operating in line with relevant laws, regulations, codes and SG and SGKH Group Standards.
Summary of the key purposes of the role
  • To support the Compliance Officer, MLRO & MLCO - Trust and Funds (Fiduciary and Funds SME) to ensure that the Fiduciary and Funds business in the Channel Islands remains compliant with all relevant laws, regulations, legislation and best practice.
  • To assist the Compliance Officer, MLRO & MLCO - Trust and Funds to perform their duties for the Trust Company and Funds businesses.
  • To work alongside the Head of Channel Islands CAFC, the Group Head of AML Financial Crime and the Group Head of Compliance other CAFC colleagues to provide guidance to management and staff of SGKH and SGTA so that the business remains compliant with all relevant laws, regulations, legislation and best practice.
  • To support the Compliance Officer, MLRO & MLCO - Trust and Funds as a contact point for all Fiduciary and Fund matters with SG PRIV Head Office and internal stakeholders.
  • The regulatory environment is ever changing and, therefore the role requires a pro-active and innovative approach to risk management.
Key Responsibilities
  • Form part of the CAFC function that will provide support on Fiduciary and Funds projects across the SGPBHG lines of businesses, functions and jurisdictions in order to obtain reasonable assurance that the project implementation is in line with the relevant laws, regulations, codes and SG/SGPBHG standards within Regulatory Compliance.
  • To act as the Deputy Compliance, Deputy MLRO & Deputy MLCO within the Trust and Fund business to ensure that disclosures to the relevant Financial Investigation Unit are submitted in a timely manner.
  • Oversee the reviewing of new account files to ensure client take-on procedures are being met.
  • Assist with performing compliance and AML monitoring for the Channel Islands (including maintaining compliance registers)
  • Foster a positive culture of compliance by working proactively with the various business lines to ensure that best practices are followed in accordance with the applicable laws, rules, regulations, and internal policy.
  • Serve as a team point of contact and provide compliance support related to Fiduciary and Funds across business line/global function/SG PRIV HO, and to applicable CAFC functions.
  • Work with Senior Management and project stakeholders to ensure the successful implementation of projects/Group policies related to Fiduciary and Funds.
  • Assist on new and or revised business strategies, initiatives, and projects, which may include assisting businesses in assessing the risks associated with new/revised strategies and recommending and or assessing mitigation efforts to reduce risk exposure.
  • Assist as required in advising business units on the development of action plans to implement new or changed requirements for Fiduciary and Funds. Action plans may include the development of or changes to existing training materials, policies, procedures, system, and other controls, monitoring/testing processes, and reporting.
  • Support SGPBHG CAFC Team Senior Management in ensuring all reporting and adhoc information request in respect of Fiduciary and Funds from SG Group are completed within timelines.
  • Support the monitoring of regulatory development and engagement trends in respect of Fiduciary and Funds and provide updates and reporting as appropriate / required.
  • Liaise with the relevant Internal Audit, and with control functions (e.g., Finance, Credit, HR, CEO Office, Tax and InfoSec etc), in relation to Fiduciary and Fund compliance matters including the provision of technical support and guidance when required.
  • Support technical excellence by searching out external best practice, monitoring technical and professional developments, sharing knowledge and encouraging others to do the same in the best interests of SGPBHG and its customers.
  • Develop and recommend changes and improvements to operating models, procedures and practices based on subject matter expertise and understanding of SGPBHG and market best practice.
  • Communicate and adhere to SGPBH policy and procedures in order to ensure good operational, financial and project management, policy and procedural compliance and early identification and effective resolution or escalation of issues that arise.
  • Contribute to the development, implementation and maintenance of a CAFC management information, analysis and reporting framework that supports and informs timely and effective business management and decision making at all levels.
  • Contribute to the implementation and monitoring of the application of CAFC policies, governance frameworks, procedures, practices and standards to ensure quality, effective risk management and regulatory compliance.
  • Escalating any identified potential weaknesses in the current systems and controls within SGPBHG in respect of Fiduciary and Funds;
  • Perform all duties in accordance with the principles outlined in the SGPBH Code of Conduct, as well as the policies and procedures relevant to your responsibilities, to ensure that you adhere to a culture that treats clients fairly and focuses on the long term sustainability of client relationships
Level of authority and autonomy
Make decisions on a day to day basis and determine when decisions need to be escalated to Senior CAFC staff.

Profile Required

Competencies
  • Individual contributor competencies as defined in the SG Leadership Model
  • Experience in Private Banking/Wealth Management
  • Team Spirit & Collaboration
  • Knowledge of regulatory and legal requirements with respect to economic sanctions
  • Knowledge & experience of providing guidance on sanctions to staff / management
  • Communication - written & verbal to all levels of the organisation (inc Head Office) and to external third parties including regulators
  • Decision Making - consider & recommend escalation to Head Office, regulators and relevant government agencies
  • Influencing -persuade and influence management and staff across SGHUK
  • Project Management - participate and where necessary lead/manage
  • Strategic & Commercial Awareness - develop and apply commercial awareness and business acumen in all day to day and longer term tasks
Education
Ideally:
  • Educated to tertiary level
  • Compliance or AML qualification
  • Minimum of 10 years Fiduciary and/or Funds experience and 5 years Compliance/AML Experience


Why Join Us

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.

Business Insight

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.

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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 19000OGW
Business unit: Kleinwort Hambros
Starting date: Immediate
Date of publication: 10/09/2019

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