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Description of the Business Line or Department 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 Summary of the key purposes of the role The Compliance Advisor business lines within GLBA including the support / operational functions directly supporting these business lines. * The implementation of an effective Compliance risk management for UK GLBA including the evaluation of their reputational risk and the dissemination of appropriate rules of conduct. Establishment and maintenance of a constructive, open relationship and dialogue with relevant business leaders and other control and support functions as necessary and to play a full part in the management of all relevant regulatory and reputational risks. Summary of responsibilities * Contribute to the management of SGLB's relationship with the relevant competent authorities by (i) Assist in managing the responses to regulatory enquiries relating to the Advisors coverage perimeter. * Contribute to the identification of SGLB regulatory obligations and changes to those by (i) identifying regulatory obligations relevant to GLBA, (ii) analysing regulatory developments impacting the Advisors coverage perimeter, (iii) assessing the impact of these developments on relevant Business Lines. * Contribute to the assessment of compliance risk within SGLB by assessing the compliance risk (excl. financial crime risk) related to GLBA activities in SGLB as part of the annual exercise (both inherent risk and residual risk after mitigation). * Advice, support and assist the businesses by (i) proactively providing compliance advice to and answer compliance queries, (ii) overseeing complaint handling investigation and resolution, (iii) providing compliance opinion as part of New Product Committees, (iv) review marketing materials related issues escalated by business in light of SG policies and regulatory requirements, (v) establishing and maintaining a constructive, open relationship and dialogue with business leaders and staff in GLBA, (vi) participating in projects to ensure that GLBA are prepared for any required changes as a result of new regulation, (vii) assessing the level of regulatory and reputational risks associated with GLBA transactions, projects or products and escalating to the appropriate governance for decision-making in accordance with the risk-based approach set out in the policies. * Raise the awareness of GLBA staff on compliance risk by (i) communicating regulatory changes and news, (ii) designing and delivering compliance training, (iii) actively encouraging a culture of compliance. * Contribute to SG Compliance policies and procedures framework by providing compliance expertise specific to GLBA in the drafting of SG Compliance policies. * Identify, investigate and report compliance breaches and incidents in GLBA. * Contribute to the reporting of material compliance matters and issues to SGLB senior management by providing materials related to GLBA for the SGLB Regulatory Risk Committee. * Ensure good record keeping mechanisms dedicated to compliance: minutes of meetings/trainings/key decisions/incidents and issues all properly recorded in written form and saved in relevant team folder. * Ensure timely delivery of team Work Plan Priorities. This will involve prioritizing workload according to competing demands balancing short term priorities against a longer-term perspective and managing expectations accordingly. * Active engagement and liaison with CMS and CTL teams which are responsible for day to day transaction monitoring and periodic desk reviews of the Business Lines, ensuring appropriate support and guidance in the development of product knowledge within both teams and with Desk Reviews and completion of enquiries arising from the routine monitoring * Liaise with central compliance teams in respect of any new regulation and their impact on the business line * Take responsibility for the advice given concerning compliance and reputational risks arising from the introduction of new products and ensure appropriate contribution from Compliance to relevant new product approval processes * Escalate issues in a timely manner to Senior Advisors (subject Matter Experts). * Provide back up support to Paris/London advisors when required. * Organise and manage proactive dialogue with Paris based Compliance Advisor(s), ensuring that advice to the business is coordinated, consistent and aligned to policies and procedures applicable to GLBA. * Maintain an awareness of all contact with the UK regulators relevant to or specific to the business line, participating personally (where possible) in meetings on material matters specific to the business line * Manage timely and accurate responses to regulatory enquiries relevant to the business line, liaising with the business and other control and support functions to obtain information as required * Actively participate in the assigned projects and contribute effectively and in a timely manner to the project team and when required present updates in team meetings. * Escalate regulatory and reputational issues and risks in a proactive and timely manner to the UK Head of CIB Advisory in London. Develop an understanding of current market practices relating to the operations of the business line and related compliance policies and practices, by developing relationships with Compliance colleagues in other Firms, engagement with audit, consulting and legal firms with relevant knowledge and experience and with trade associations and other industry bodies including representing SG at external relevant roundtables/benchmarking exercises as relevant. Delegated responsibilities Day to day relationship management of the ABP businessManagement of risks arising from regulatory developments impacting ABP Management of any regulatory enquiries impacting the Advisor's coverage perimeter. Level of Autonomy and Authority The Compliance Advisor works in collaboration with the other Advisory Team members to determine how best to deliver the responsibilities set out above, within a compliance advisory framework determined by the Head of Advisory EMEA for Global Investment Banking The post holder is accountable for the quality, appropriateness and timeliness of compliance advice given to the business line, and the outcomes that arise as a result where appropriate, ensuring proactive upward reporting of relevant issues, lateral communication with other IBCR advisors and the control room, as well as seeking guidance and advice as required
Competencies * Regulatory Skills - strong regulatory/compliance product specific knowledge an advantage. Prior experience of dealing with regulators or other control functions both F2F and in response to writing questions essential. * Communication Skills - excellent oral and written skills and ability to keep management, team and business informed of all key developments * Flexibility/adaptability - strong experience in managing change and finding tailored solutions * Ability to make Decisions * Ability to Work Under Pressure - prior experience in a Compliance department within a financial institution where solutions must be delivered in a fast-paced, demanding environment. * Analytical Skills -experience of de-coding complex queries to find pragmatic solutions in short time frame Initiative - requires self-motivated individual with strong work ethic & desire to deliver to high standards WORK EXPERIENCE Minimum of 1-3 years compliance or equivalent experience relating to investment banking activitiesExperience of assessment/training/testing in relation to embedding conduct risk matters including impact of the Senior Management Regime is an advantageStrong working knowledge of global regulatory rules relevant to private side businesses is an advantageGood understanding of financing and capital markets business EDUCATION Graduate Level LANGUAGES Fluent English; French an advantage, but not prerequisite