Compliance Manager - Australia Compliance Manager - Australia …

in Sydney, New South Wales, Australia
Permanent, Full time
Last application, 17 Jun 19
in Sydney, New South Wales, Australia
Permanent, Full time
Last application, 17 Jun 19
Compliance Manager - Australia


Serving 31 million customers in 66 countries, Societe Generale is one of Europe's largest financial services organisations. We employ 146,000 people in 67 countries worldwide. Based on a diversified universal banking model, Societe Generale combines financial solidity and a strategy of sustainable growth. Our objective: to be the leading relationship-focused bank, a reference in its markets, close to its clients and chosen for the quality and commitment of its teams.

Opened in 1981, and located in Sydney, Societe Generale in Australia provides products and services in the areas of financial advisory and global markets. Societe Generale Securities Australia is a full participant of the ASX24 and its businesses range from futures clearing to prime broking and clearing to equity and derivatives sales.

We are currently looking for a Compliance Manager to join us. This is an exciting opportunity to join a dynamic team in a growth phase and get hands-on experience within a fast-paced, results focused, global organisation. The successful candidate will be able to build close relationships with the teams onshore and within the organisation more broadly on a regional and global basis.


Major Accountabilities and Principle Responsibilities:

The Compliance Department is a part of the Societe Generale Corporate Secretariat and is responsible for monitoring and managing Societe Generale's compliance with the rules for professional conduct and business ethics and the relationship with regulators and exchanges. The Compliance Department in APAC has oversight of compliance and regulatory matters for businesses operating within Societe Generale's branches and subsidiaries in Asia Pacific. The Compliance Department in Australia is a multi-disciplinary team covering all dimensions of the Compliance function.

The successful candidate will report to the Head of Compliance, Australia and will be responsible for the following activities:

Supporting the effective management of relationships with internal stakeholders (management, staff, and all internal partners), including:

  • Advising management and staff on the interpretation and implementation of regulatory requirements and the strategies in relation to licensing impacts
  • Preparing internal policies and procedures for the business in relation to regulatory requirements, best practices and legislation and advising of weaknesses or deficiencies
  • Presenting policies and procedures to staff and assisting them in maintaining training and competency requirements
  • Participating in New Product Committees (NPC) as required
  • Supporting in the preparation of reports for management committees
  • Assisting the onboarding team with any new client and providing relevant input on any medium-high and high-risk clients
  • Taking on the responsibilities related to the role of Complaint Handling Officer
  • Completing the AML risk assessment
  • Maintaining and completing all internal dashboards and controls
  • Preparing, updating and co-ordinating all management reporting
  • Assisting to maintain awareness of evolving compliance requirements and relationships with external bodies, including:
  • Reviewing new or amended legislation with regard to Compliance-related issues
  • Liaising with industry associations, for e.g. AFMA
  • Working proactively to respond in a timely and effective fashion to enquiries and notices from local regulators (ASIC, ASX, APRA and AUSTRAC)
Successful delivery of the Compliance deliverables, including:

  • Working closely with regional and global counterparts to ensure consistency on compliance matters
  • Escalating regulatory and reputational issues and risks proactively and in a timely manner to the Head of Compliance Australia.


Key Skill Areas, Experience and Knowledge Required:

  • Strong knowledge of the Corporations Act, Banking and Finance Law, Market Integrity Rules, Australian Standards and other relevant legislation
  • Excellent communication (verbal and written) with proven ability to communicate effectively and convincingly on Compliance and regulatory matters to a broad range of stakeholders
  • Action-oriented mindset with a genuine curiosity about new markets, products and regulatory constraints
  • Proven ability to work independently and a capacity to take initiative within one's scope of responsibility
  • Ability to work remotely in an efficient way with partners based in regional and head office locations
  • Intermediate knowledge of MS Word and Excel
  • Knowledge of a broad range of products and solutions within the Global Markets and Global Finance and Investment Banking activities including Exchange Traded Products (Equities, Futures, Options, FX) OTC, M&A, DCM, Structured Finance