As a bank, we are required to provide our clients, partners, employees but also the regulators with an irreproachable level of service, including in regulatory terms, which is increasingly important in the control of our economies.
The Compliance Service Unit (CPLE) is responsible for the definition and consistency of the compliance risk prevention and control system, and for coordinating the framework aimed at preventing, identifying, assessing, and controlling reputational risk.
In conjunction with the Business Units and other Service Units (BU/SUs), CPLE performs the following tasks with respect to compliance risk:
Defining and implementing the overall normative framework of the Compliance service and monitors its implementation;
Defining procedures and implementing a framework to ensure compliance with respect to compliance risks;
Awareness-raising among Group employees regarding compliance risk and the strengthening of the compliance culture within the Group;
Mapping and analysing Group compliance risk and general vigilance regarding issues likely to harm the Group's reputation or that of one of its activities;
Performing the second-level control and supervision of the framework, including independently assessing compliance risk management within the entities/activities with a major impact on the Group's risk profile, and individually with respect to regulated employees, in compliance with the applicable regulations;
Monitoring relations with supervisory and regulatory authorities, and representing the Societe Generale Group to these authorities, not including supervisory and regulatory authorities where the Legal function (SEGL/JUR) organises and coordinates the monitoring of these relations, in particular the Autorite de Controle Prudentiel et de Resolution (ACPR) and the European Central bank (ECB);
Consolidating and monitoring significant compliance events in the entities.
The position sits within the UK Wholesale Compliance team support two entities: Societe Generale London Branch (SGLB) and Societe Generale International Limited (SGIL). This role is with the compliance team supporting the Global Banking Operations and Technology department. The team is based in the UK and covers several topics: compliance for Operations and IT departments, regulatory trade reporting, swap dealer (“SD”) and security-based swap dealer (“SBSD”) matters.
This role relates to SD and SBSD activities. In this area, the team acts a swap dealer compliance office and is is responsible for the ongoing compliance oversight of the implementation and management of the Swap Dealer Compliance Program with the CFTC Swap Dealer and the SEC Security-Based Swap Dealer Compliance Program for Société Générale SA (registered with both CFTC and SEC).
As the mandate of the team is wider than SD and SBSDs matters, the role may require involvement in other topics linked e.g. general compliance advisory for Operations teams, European Markets Infrastructure Regulation (EMIR) and the Securities Financing Transaction reporting (SFTR).
The role holder acts primarily as a regulatory SME for DFA and reports to the UK head of the Compliance team supporting global banking operations and technology.
The Swap Dealer Compliance Advisory team has a global mandate to proactively provide compliance and regulatory advisory services to Société Générale SA, acting through 14 dealing branches, including Societe Generale London Branch (“SGLB”).
The Swap Dealer Compliance Advisory team is the principal point of contact for the US Commodity Futures Trading Commission (“CFTC”) and the National Futures Association (“NFA”) on swap dealer-related matters, the US Securities and Exchange Commission on security-based-swap-dealer related matters and as subject matter experts in respect of the Dodd-Frank Act (Title VII) (“DFA”), as applicable. The role requires close collaboration with colleagues based in the US covering SD and SBSD matters and the functional manager of the team based in Paris.
