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Description of the Business Line or Department
Mission Statement of GBS 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, GBS Compliance activities are centred around 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 GBS Compliance’s responsibility is with respect to compliance, reputational and conduct risk matters.
These five key objectives are as follows :
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 :
Summary of Responsibilities
To assist the Head of the Financial Crime Unit or take responsibility for the following :
o Ensuring that AML and KYC policies comply with UK requirements within SGCIB UK and liaising with SGUK AML functions to ensure consistency.
o Developing, implementing and managing the anti-money laundering strategy within the UK covering anti-money laundering, terrorist financing, bribery and corruption.
o Overseeing and, where appropriate, undertaking, the internal investigation of issues arising and suspicious activity referrals which may have money laundering implications.
o Overseeing the processes associated with AML investigations, including the investigations action plan, follow-up of recommendations arising from investigations, and maintaining an up to date log of the status of investigations
o Submitting reports to NCA and FCA, as required, and management of 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, implementing and overseeing review programmes, including the monitoring and surveillance of AML within SGCIB UK, ensuring timely identification of risks and the development of cost-
effective and efficient counter-measures
o Developing and overseeing relevant training.
o Maintaining a detailed working knowledge of the FCA rules and regulations, and UK AML, ABC and embargo and sanctions related legislation, and a broad awareness of AMF, ACPR and other regulatory and exchange rules and regulations as required
o Identifying training and development needs of assigned staff, and ensuring that such staff provide feedback from the required training courses, once attended
o Proposing and contributing to the promotional and remuneration prospects of Central Compliance Staff, with input to the assessments of other Compliance staff
o Contributing to the development of the annual department strategy and Compliance Plan
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 SGCIB UK
o Actively promote the business principles both within, and externally to, the Compliance Department
o Maintain proactive interaction with SAFE Department.
o Attendance at forums of, and participation in, initiatives driven forward by, trade associations and other industry bodies, ensuring that SG's views on regulatory developments which could impact on its business in the UK are provided as part of any consultation initiatives and that relevant benchmarking is undertaken and played back within Société Générale as appropriate.
o Management of the proactive participation in the maintenance of the risk cartography, ensuring that the inherent regulatory risks posed by business activity are determined, the mitigating factors assessed to determine the residual risk and the actions required to further mitigate, or reduce, the regulatory risk
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
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.