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
- To promptly and accurately perform Trade/Communication Surveillance of key risk areas, reporting any concerns in line with set protocols.
- Support the performance of the broader surveillance programme via case management support to global colleagues
- Proactive collaboration with London, Paris, Casablanca, APAC and AMER surveillance colleagues to introduce efficiencies and develop surveillance operations
- To identify, escalate and implement solutions to existing or emerging risks impacting the performance of surveillance
- Perform investigations and report findings as required by set protocols and senior management
- Lead or participate in existing/established tactical and strategic projects
- Support and training to more junior colleagues within EMEA and globally
- Promotion and demonstration of surveillance capabilities to key stakeholders/ both business & Compliance colleagues
- Provide Subject Matter expertise/ initial pre management level support to colleagues
Summary of responsibilities
- Undertake Trade and Communications surveillance of SG’s Cash Equity & other business units using the firm’s monitoring tools as directed by procedures, management and team protocols.
- Compile and issue relevant regulatory reporting obligations where required
- With the London team and management, proactively manage the associated risks with the extended team TS coverage in Casablanca
- Support the collation and development of Management Information.
- Lead the implementation and enhancement of surveillance approaches / innovations and/or strategic solutions to meet requirements.
- Maintain and monitor a database of remedial actions/recommendations arising from trade surveillance, to ensure timely and satisfactory resolution of issues identified.
- Represent Capital Markets Surveillance in engagements with key stakeholders on surveillance related topics, risk and issues - as appropriate
- Participate and evolve the review of surveillance controls through engagement with Compliance and BU colleagues
- Co-ordination and delivery of regulatory or internal investigations/ reviews, as appropriate.
- Facilitation and/or team co-ordination of all aspects of the audit lifecycle from the initial presentation of surveillance capability through to recommendation management and reporting.
- Proactive and timely escalation of issues to management
- Lead departmental and team meetings, as required
- Active participation at relevant industry and trade association seminars, feeding back relevant information internally
- Identify, analyse, communicate and implement solutions to surveillance activities as a result of changes to regulation and/or market/company events