Compliance Officer – Regulation and Policy Compliance Officer – Regulation and Policy …

SOCIETE GENERALE Corporate & Investment Banking
in London, England, United Kingdom
Permanent, Full time
Last application, 01 Oct 19
SOCIETE GENERALE Corporate & Investment Banking
in London, England, United Kingdom
Permanent, Full time
Last application, 01 Oct 19
Compliance Officer – Regulation and Policy

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
Mission Statement of Compliance (CPLE):

“Build a Compliance Division recognised as a trusted, efficient and independent partner enabling a sustainable business development for the Group”.

In order to achieve its mission statement, Compliance activities are supported by 10 Guiding Principles, as follows:

•Build a global Compliance team operating along clear, simple and shared rules in a spirit based on openness, mutual trust and respect
•Build a global Compliance Division committed to translate regulations into appropriate internal rules so that business is accountable for their implementation. Actively promote compliance risk awareness across the bank
•Build a global Compliance Division implementing an effective compliance program based on a comprehensive risk assessment and robust controls and testing framework
•Build a global Compliance Division making responsive and well-informed decisions / statements in a consistent, timely and documented way   
•Build a global Compliance Division operating close to the BUs/SUs enabling sustainable business, with its central teams focusing on strong specific expertise and transversal supervision           
•Build a global Compliance Division providing Management and Board with meaningful, transparent and regular reporting and advice on Compliance risks    
•Build a global Compliance Division fostering trustworthy relationships with regulatory bodies based on sound, transparent and professional dialogue            
•Build a global Compliance Division leveraging on innovation, actively looking to benefit from new technologies and data analytics and promoting experimentation  
•Build a global Compliance Division composed of well trained professionals, up to date on their area of expertise, and whenever possible certified by external bodies     
•Build a global Compliance Division attractive to highly motivated talents with diverse backgrounds and adding strong value to their career path

Summary of the key purposes of the role
The Global Head of Wholesale Banking Regulation and Policy (RAP) leads a team of 9 based in London.  The main responsibilities of the team are to:
•Provide relevant regulatory development analysis to Wholesale Banking Compliance and its stakeholders, and coordinate the subsequent changes when required; and
•Ensure the coordination of the review/creation of Wholesale Banking Compliance Normative Documentation.

The team functional remit is Wholesale Banking globally.  The team is based in London with a strong coordination model with equivalent teams in the regions (AMER, ASIA, EMEA excl. FR-UK).

The role sits within the remit of the broader team, with the specific focus areas as set out below under ‘Summary of Responsibilities’.

Summary of responsibilities
Wholesale Banking Compliance Policies and Procedures
•Delivery of an Annual Wholesale Banking Compliance Policy Roadmap, that reflects policy creations or reviews earmarked for publication over the coming year, due to various triggers such as regulatory developments, audit recommendations, cyclical reviews or Compliance projects.
•Developing quarterly reports on Wholesale Banking Compliance policy delivery relative to the annual Roadmap and attending the Wholesale Banking Compliance ExCo on a quarterly basis to defend these.
•Contributing to the creation or review of UK Compliance policies and project managing the creation or review of global Wholesale Banking policies, in conjunction with local subject matter exerts.
•Maintaining a global repository of Wholesale Banking Compliance policies, covering the UK, APAC, EMEA and the Americas, working closely with Compliance colleagues to ensure this remains complete and accurate.
•Working closely with Group Compliance on policy maintenance, regulatory rules inventory or regulatory watch initiatives, including strategies for the adoption of increased automation.

Regulatory Developments & Regulatory Impact Analysis
•Regulatory horizon scanning for developments of relevance to Wholesale Banking, utilising a range of sources such as regulator publications, Thomson Reuters Regulatory Intelligence, Law firm publications, as well as general market watch activities.
•Collaborating with global Compliance teams in APAC, EMEA and the Americas, to maintain visibility of regulatory developments and implementations in these regions, particularly those likely to have cross-border impacts.
•Analysing the impacts of regulatory change on business and operational processes, policies and control frameworks, in close collaboration with Group Compliance, subject matter experts and business representatives.
•Issuing a weekly Wholesale Banking Compliance newsletter that is widely referenced across the Bank’s business units, control functions and service units, as a vital source of information on policy releases, regulatory intelligence and impactful regulatory developments.

Contributing to UK regulatory projects, ensuring there is centralised coordination of change effort as necessary, and maintaining oversight of deliverables and action owners.

Level of Autonomy and Authority
The role involves minimal autonomy on a day-to-day basis and requires active liaison with management as appropriate.
The job holder makes minimal decisions to daily tasks and to ensure support good progress on the deliverables of the team.
The job holder must refer to his management for decisions relating to more strategic and organisational matters.


•Sound knowledge and appreciation of UK regulatory frameworks, Compliance requirements and industry developments.
•A demonstrable interest in policy and regulatory developments.
•An ability to conduct research-style work in analysing regulatory requirements, as demonstrated though prior experience.
•A self-motivated team-player with a strong work ethic and the desire to deliver to high standards, that takes responsibility and is accountable for his / her own actions.
•Proven technical ability to analyse raw data and utilise this to produce sophisticated reports for senior management.
•Project management capabilities; planning work, meeting deadlines, multi-tasking and excellent organizational skills.
•Excellent communication skills (both oral and written).
•Ability to appropriately prioritise tasks and to escalate escalation of issues or concerns in a timely manner.
•French language skills would be a definite advantage, although not critical.
Legal training or a professional qualification in Compliance, Finance or Accounting will also be of benefit.

Work Experience

Two years’ experience in a Big 4 financial regulation environment, or alternatively, in a major financial institution’s Compliance or Legal department


•Fluent English
•French will be an advantage

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.