Compliance Controls Manager

Societe Generale is one of Europe's leading financial services groups and a major player in the economy for over 160 years, we support 25 million clients every day with more than 126,000 staff in 65 countriesOur Group draws on our European roots to develop our business internationally. Our unique geographic positioning enables us to connect Europe and Africa with major global financial centres in Asia and the Americas.The Group combines financial strength, proven expertise in innovation and a sustainable growth strategy with the objective of creating value for all our stakeholders. We seek to be a trusted partner in the projects of those building tomorrow's world today.About the team:The objective of the Compliance Controls department is to assess and test independently the adequacy and effectiveness of the 1st LOD compliance risk and control framework that the Business Units (BU) and Support Units (SU) have put in place to mitigate the risks of non-compliance, reputation and misconduct that SG Group is exposed to across its business activities and operations globally.The Compliance Controls team in London is responsible to cover SG Wholesale Banking activities primarily in the UK for SG London Branch and SG International Limited. Some reviews may cover a wider geography, including France and the EMEA entities.Summary of Key Purposes of the Role:The mission of the UK Compliance Controls Officer is to conduct – primarily but not exclusively - reviews of Wholesale Banking activities in EMEA. The role includes, but is not limited to, the following responsibilities:• Assist in the development and timely delivery of the annual control plan,• Ensure timely tracking and resolution of 2nd Level Controls team’s recommendations,• Maintain regular engagement and provide feedback with/to key business and Compliance stakeholders, and• Ensure timely implementation of internal/external audit and regulator’s recommendations assigned to 2nd Level Controls team.Responsibilities:1. Development of the annual control plan• Support the Manager in developing the annual second level control plan pertaining to his/her perimeter in line with the 2nd Level Controls team methodology.2. Delivery of the annual review plan and reporting• Execute reviews and report results to the Manager. A typical review will include planning, fieldwork and reporting phases, and will require the following:o Perform research and gather sufficient information to understand the theme/activity to be reviewed;o Meet with business and Compliance stakeholders to understand the business and regulatory context;o Perform walkthrough and document business processes through the use of workflows, where required;o Formalise scoping document, design and execute testing programme;o Document review work on the appropriate 2nd Level Controls team's templates/tools and timely escalate findings;o Supervise and coordinate the work delegated to other team members, if applicable;o Identify issues through testing and write draft findings/reports, including recommendations;o Get clearance from Manager, issue report to stakeholders and validate
recommendations/action
plans; ando Ensure that all the tools (e.g., E-Control, MyActions) are maintained up to date at all times.• 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 2nd Level Controls team's recommendations once the report is issued as assigned by the Manager and provide updated status in the relevant tool.• 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.3. 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, and• Engage with 2nd Level Controls teams in non-UK locations, if required.4. Engagement with internal/external audit and regulators• Support Manager in timely implementing internal/external audit and regulator’s recommendations, when/if
relevant/applicable,
and• Assist internal/external auditors and regulators during their investigations, as required, under Manager’s supervision.5. Other responsibilities• Maintain a detailed and updated working knowledge of the FCA rules and regulations and any other relevant rules and regulations in EMEA, and• Mentor, coach and support any 2nd Level Controls team new joiners, and when required and as directed by the Compliance Manager / Head of 2nd Level Controls team staff from regional offices.PROFILE REQUIREDTechnical knowledge• Strong knowledge of wholesale banking activities, especially Capital Markets and Investment Banking operations and products)• Working knowledge of regulations relating to financial services (FCA rules, EU directives, etc)• Working knowledge of auditing standards / review techniques• Report writing skills• Analytical & problem-solving skills• Minimum of 5-8 years of work experience in the financial services industry• Minimum 3 years of work experience executing compliance reviews or internal audit missions in a financial institution comparable to SG (preferably covering Global Markets and/or Investment Banking activities)• Experience of managing deadlines and time boxed projects• Excellent Use of IT tools, such as MS Excel, PowerPoint and Word• Ability to use data, manipulate information and think of innovative ideas to tests risks, controls, processes and activities.WHY JOIN USPeople 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.BUSINESS INSIGHTIf you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, 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 identity.Send me alerts about jobs like this.Please enter your email address to continue setting up an email alert for similar jobs to this one. By entering your email address and clicking apply you will sign up to Jobs4 and agree to our terms and conditions .
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