Regulatory Compliance Officer (FCM Derivatives Compliance Officer)
SGS Société Générale de Surveillance SA, New York, NY, United States
Responsibilities
Manage regulatory inquiry and/or external examination process: monitor inquiries and information requests, assign regulatory inquiries/request to compliance staff, review and analyze requests for potential compliance breaches/issues, communicate with relevant stakeholders, retrieve responsive documents, draft the Firm’s responses, elevate compliance breaches, and manage compliance remediation relating to issues of non‑compliance.
Work closely and coordinate as appropriate with Legal, AML, and/or Business Lines pertaining to regulatory matters that arise from inquiries and examinations.
Develop and assist in the training of Firm staff in relation to derivatives regulations, advisories, and hot topics focusing particularly on weaknesses or risk identified by the Compliance Program.
Conduct reviews and internal investigations of various derivative trading desks to ensure compliance with regulatory rules and internal policies, focusing on both trading and operational processes.
Represent the Department at internal and external meetings with regulators and others including a variety of committee meetings.
Actively participate in Firm’s Regulatory Change Program. Evaluate impact to applicable business areas resulting from changing or new exchange and regulatory rules. Coordinate with applicable Departments to implement operational or policy changes as needed.
Assist in the regulatory inventory rule mapping processes.
Assist in the completion of the annual compliance risk assessments.
Division Description
The Compliance department acts as Second Line of Defense of the corporate banking, investment banking and broker‑dealer activities across Societe Generale’s operations, reporting on the compliance risks and issues to local, regional, and head office management. The staff provide the business lines with guidance on relevant laws, rules, and regulations applicable to their activities and the development of related policies, procedures, training, and controls. The department oversees compliance with external and internal rules that govern our banking and financial activities including Know Your Customer, anti‑money laundering, anti‑terrorism financing, sanctions & embargoes, client protection, market integrity, anti‑bribery & corruption, and data protection. Additionally, it provides trade and communications surveillance, and manages transversal support functions that help the department achieve its goals. The FCM Compliance team manages all regulatory requests from various different derivative exchanges. In addition, the team will manage the annual CME DSRO Exam requests to ensure timely responses.
Skills and Qualifications
Must Have
2 to 7 years of relevant experience.
Direct experience with exchange and regulatory rules.
Ability to advise trading desk on specific and complex trade practice rules.
Knowledge of various industry regulatory and exchange bodies (CFTC, NFA, CME, ICE etc.) and their respective responsibilities.
Ability to properly communicate the Firm’s operating procedures and processes to regulatory bodies and examiners.
Analytical capability: able to break down complex problems into simple manageable units, develop solutions for each unit, and integrate them back into the whole. Can absorb ideas quickly and apply them pragmatically.
Strong interpersonal effectiveness: self‑aware of own behavior and work style, as well as tolerant of different needs and viewpoints. Demonstrates interest in others’ opinions and shows consideration, concern and respect for other people feelings.
Knowledge of CFTC customer protection rules and practices.
Communication skills: excellent verbal, writing and presentation skills with the ability to interact with stakeholders at all levels within the organization and be able to relay complex technical concepts to non‑technical audience.
Leadership: create an inspiring vision, set direction, and motivate others to follow that direction and reach that vision.
Compensation
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.
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Manage regulatory inquiry and/or external examination process: monitor inquiries and information requests, assign regulatory inquiries/request to compliance staff, review and analyze requests for potential compliance breaches/issues, communicate with relevant stakeholders, retrieve responsive documents, draft the Firm’s responses, elevate compliance breaches, and manage compliance remediation relating to issues of non‑compliance.
Work closely and coordinate as appropriate with Legal, AML, and/or Business Lines pertaining to regulatory matters that arise from inquiries and examinations.
Develop and assist in the training of Firm staff in relation to derivatives regulations, advisories, and hot topics focusing particularly on weaknesses or risk identified by the Compliance Program.
Conduct reviews and internal investigations of various derivative trading desks to ensure compliance with regulatory rules and internal policies, focusing on both trading and operational processes.
Represent the Department at internal and external meetings with regulators and others including a variety of committee meetings.
Actively participate in Firm’s Regulatory Change Program. Evaluate impact to applicable business areas resulting from changing or new exchange and regulatory rules. Coordinate with applicable Departments to implement operational or policy changes as needed.
Assist in the regulatory inventory rule mapping processes.
Assist in the completion of the annual compliance risk assessments.
Division Description
The Compliance department acts as Second Line of Defense of the corporate banking, investment banking and broker‑dealer activities across Societe Generale’s operations, reporting on the compliance risks and issues to local, regional, and head office management. The staff provide the business lines with guidance on relevant laws, rules, and regulations applicable to their activities and the development of related policies, procedures, training, and controls. The department oversees compliance with external and internal rules that govern our banking and financial activities including Know Your Customer, anti‑money laundering, anti‑terrorism financing, sanctions & embargoes, client protection, market integrity, anti‑bribery & corruption, and data protection. Additionally, it provides trade and communications surveillance, and manages transversal support functions that help the department achieve its goals. The FCM Compliance team manages all regulatory requests from various different derivative exchanges. In addition, the team will manage the annual CME DSRO Exam requests to ensure timely responses.
Skills and Qualifications
Must Have
2 to 7 years of relevant experience.
Direct experience with exchange and regulatory rules.
Ability to advise trading desk on specific and complex trade practice rules.
Knowledge of various industry regulatory and exchange bodies (CFTC, NFA, CME, ICE etc.) and their respective responsibilities.
Ability to properly communicate the Firm’s operating procedures and processes to regulatory bodies and examiners.
Analytical capability: able to break down complex problems into simple manageable units, develop solutions for each unit, and integrate them back into the whole. Can absorb ideas quickly and apply them pragmatically.
Strong interpersonal effectiveness: self‑aware of own behavior and work style, as well as tolerant of different needs and viewpoints. Demonstrates interest in others’ opinions and shows consideration, concern and respect for other people feelings.
Knowledge of CFTC customer protection rules and practices.
Communication skills: excellent verbal, writing and presentation skills with the ability to interact with stakeholders at all levels within the organization and be able to relay complex technical concepts to non‑technical audience.
Leadership: create an inspiring vision, set direction, and motivate others to follow that direction and reach that vision.
Compensation
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.
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