Compliance Trainee

Job Description

The Group 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 riskacross the entire Group.Description of the Business Line or DepartmentIn 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 Groups 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 Groups risk profile, and individually with respect to regulatedemployees, 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 monitoringof 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 roleThe role of the Business Management team within Compliance is to support the Head of UK Wholesale Banking Compliance in:

1. maintaining the organisation, governance and day to day operational functioning of the UK Wholesale Banking Compliance function
2. ensuring that there is an appropriate level of formalisation for the Head of UK Wholesale Banking Compliance to demonstrate he took reasonable steps to prevent breaches and otherwise comply with his anticipated responsibilities as a Senior Manager (SMF16Compliance Oversight) when SGLB is reauthorised as a Third Country Branch, and
3. escalating risks and issues within wider SG London and Group governance and management frameworks

In particular, the BMO Team:

• Ensures the maintenance and running of the UK Wholesale Banking Compliance governance framework and support the Head of UK Wholesale Banking Compliance in complying with his obligations under the SG London SM&CR Policy
• Ensures the effective operational functioning of the Compliance department in terms of budgets and financial control, operational and conduct risk breach recording management, facilities, access profiles and other technology support, follow up on Auditrecommendations and corrective action plans issued by the Compliance Control team, and the permanent supervision and wider control frameworks implemented in the dedicated tools as well as its maintenance and other relevant tools and systems
• Ensures an appropriate and sustainable Compliance reporting, communication, metrics and follow up framework is implemented to keep relevant stakeholders informed of the activities, output and risks identified arising from or coordinated/managed by the BMOteam
• Administers and oversees regulatory reporting in the FCAs Reg Data system and ensure timely submission of regulatory reports
• Coordinates the Risk and Control Self Assessment (RCSA) and SG Group Compliance Risk Assessment (COMPASS) exercises for CPLE LDN and otherwise provide support as required on transversal topics/ad hoc projects

Summary of responsibilitiesThe detailed tasks are as follows:Governance:Ensure that a high standard of governance applies in the Compliance function, supporting the Compliance management in their understanding of the risks and the effectiveness of the oversight. This includes:

Follow up on the monthly updates to governance tools used by Compliance for audit and regulatory recommendations, compliance breaches and incidents and client complaints, annual Compliance and Financial Crime Plan, etc., including liaison with Paris colleaguesand the audit function

Provision of regulatory updates when requested

Supporting the coordination of business continuity projects for Compliance

Ongoing follow up, logging, escalation and reporting of conduct breachesProviding support over other Transversal matters when appropriat