Risk Assessment and Control Review Compliance Officer, Asia Pacific

The APAC RACR Compliance Officer will participate in:

Control reviews / Desk reviews:

• Contribute to the RACR program via an effective collaboration across Capital Markets Surveillance (CMS), Change Management & Transformation (CMT), Compliance (CPLE), Global Markets (MARK) and other key CMS sponsors and stakeholders.
• Liaise with Market Surveillance Officers worldwide (with a strong focus in Asia), by sharing the expertise of analysts in charge of Surveillance.
• Perform control reviews in accordance with the procedures, carrying out at least the reviews of the key controls identified.
• Perform control and desk reviews according to the defined roadmap.
• Take in charge the governance related to the journals mentioned above (e.g., validation of the organization of meetings and documentation).
• Ensure the updating of all CMS Market Surveillance repositories, maintain the validation of any changes made to the monitoring system (at the origin of the reviews, the implementation of the roadmap).
• Ensure all legacy trade surveillance controls are documented as appropriate.
• Maintain and review the list of Asia Market Surveillance controls.
• Assist the head of the team in ongoing interaction as required with the CPLE/REG market integrity team.
• Take in charge any other task/projects that would be considered by the management and be the point of contact for RACR in Asia.

Continuous Enhancement of the Trade Surveillance framework:

• Participate to the enhancement of current controls following above mentioned reviews by calibrating and assessing areas of weakness, gaps, improvement needed in collaboration with experts of trade surveillance and project teams.
• Engage with Surveillance vendors to review and develop the effectiveness of controls used by CMS and be a key contributor to the new Trade Disqualification Program.
• Support Market Surveillance teams in defining and developing solutions to increase efficiency and coverage.
• Develop Trade Surveillance controls to mitigate newly identified surveillance gaps.

Regulatory Watch:

• Proactively identify, analyze, and communicate the impacts on surveillance activities of any regulatory changes related to the market or industry.
• Identify new trade surveillance controls available in the catalog of external providers like SMARTS, Trading Hub… that could be pushed to production to improve the coverage.

Miscellaneous:

• Develop and publish timely metrics identifying the risks and output of the RACR program for management.
• Take in charge any other tasks that would be considered by management.

Business skills:

• Previous experience in Trade Surveillance, covering Asia Pacific markets.
• Experience in a regulatory framework at leading Financial Institutions.
• Financial product knowledge is a must due to the interaction with Front Office teams.
• Working knowledge of company policies, regulation, private and public sides of businesses and market practices.

Behavioral skills:

• The role requires someone who can work in a fast-paced environment which will require flexibility to ever changing regulations and technology.
• Excellent attention to detail.
• Respect for highly sensitive information.
• A team player who can work collaboratively within immediate and wider global teams to complete existing and expanded surveillance requirements.
• A strategic thinker with a solution-based mindset, who can identify potential gaps and work to facilitate the implementation of initiatives designed to improve surveillance offering.
• High level documentation and presentation skills.
• English language essential – other languages desirable.
• Strong Excel skills, with experience in Python, VBA being advantageous.

HKMA Enhanced Competency Framework (ECF) certification is preferred
 

Our Culture:

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. Please visit our APAC career website: https://www.societegenerale.asia/en/careers/building-your-career-with/ for more information.

Diversity, Equity & Inclusion (DE&I):

Our mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

Our vision:

• Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
• Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents 
• Engage our community and marketplace, and position the organization to meet the needs of all its clients

Check out our DE&I initiatives: https://www.societegenerale.asia/en/careers/diversity-equity-inclusion-dei/

Department Description

Mission of RACR:

The Risk Assessment and Control Review (RACR) team is a critical part of the Capital Markets Surveillance function which is responsible for developing and conducting a robust risk assessment and control and desk review program that facilitates the ongoing assessment of control efficacy.

The RACR function works closely with the Global Trade Surveillance and the Global Change Management Teams to develop and conduct an effective surveillance program.

Key purpose of the role:

The APAC RACR Compliance Officer, based in Hong Kong, will contribute to the development of the global RACR program, with a focus on Asia performing:

• Risk Assessment
• Control Reviews / Desk Reviews within the region in adherence to all relevant regulatory requirements and expectations and prevailing market standards within the region.