Bank Compliance Associate

1. Position Objective 

• Perform surveillance on a regular basis to check that SG Seoul business complies with local and internal policies.
• Update policies and procedures of compliance department
• Receive and maintain regulatory official letters and distribute it to relevant departments

• Coordinate and prepare Risk Based Approach (RBA) for KOFIU reporting

   

2. Principal Responsibilities

The staff of Compliance supports Head of Compliance (CPLE) who is responsible for the definition and consistency of the compliance risk prevention and control framework, and for coordinating the framework aimed at preventing, identifying, assessing and controlling reputational risk.

The Compliance risks consist in:

•  Financial security: know your customer (KYC); sanctions and embargoes (S&E); money laundering and terrorist financing (AML/CTF), including reporting suspicious transactions to the appropriate financial intelligence authority when necessary;
• Regulatory risks: customers protection; integrity of the financial markets; countering bribery and corruption, ethics, and good conduct; compliance with international tax regulations; and data protection.
• Mycontrol: monitoring the overall Mycontrol to overwatch if the Seoul branch CPLE and employee well conducted internal policy and local regulation for AML and Regulatory risk.
• Communication monitoring: monitor communication to check if employees were complied with internal policy and procedure
• Management support: support compliance officer and adviser of the entity in managing compliance risk and resolving compliance issues
• Advisory: Support advisory work to provide relevant Act and regulation on key compliance and regulatory risks affecting their business areas, assisting business lines in the implementation of appropriate risk management solutions, provide advice to support the business in complying with the local regulation, provide opinion on TSC deals with AML/Sanctions/CSR hits
• Risk assessment: Preparing Risk Based Approach report (RBA) related to AML and annual risk assessment (COMPASS)
• Reporting: consolidating and monitoring significant compliance events in the entity: manage compliance issues/incidents, suspicious and fraud cases, client complaints following reporting and escalation mechanisms.
• Local regulatory reporting: Adhoc FSS/KRX/KFB official letter handling, submission business reports
• Committees: attend committees FCC, COMCO and LRCC. Support making committees deck, Minutes for FCC, COMCO and LRCC.
• Training: Conduct CPLE new joiner induction training

Daily Obligation

1.    Receive/ Send/ distribute and manage regulatory inquiries/official letters.
2.    Perform e-communication monitoring to check that SG Seoul business complies with local and internal policies.
3.    Advise other departments on Compliance-related inquiries.

Monthly /Quarterly Obligation

1.    Perform monitoring/surveillance on a regular basis to check that SG Seoul business complies with local and internal policies.

• Suitability checking - MARK transaction review
• Staff license monitoring
• Personal account dealing
• Monitoring on G&E expense
• Compliance training for new joiners
• General compliance control 
• AML/ S&E control

2.    Coordinate and prepare Risk Based Approach (RBA)
3.    Weekly S&E NIL report 
4.    MYKRI, TALKS report 
5.    Follow-up action for regional/ internal departments requests

Yearly and Occasional obligations

1.    Support Compliance officer and senior compliance staff
2.    Update policies and procedure of compliance department
3.    Introduce new/revised regulatory reporting items in 3RC committee and update
4.    SWIFT Update for registry 

Profile Requirements:

• At least 5 years of experience in banking or similar industry Compliance
• Strong Korean and English communication skills in order to coordinate with regional office and other departments

• Familiar with Compliance monitoring activities over employee’s misconduct or breach of internal policies and procedures

   

• Understanding of banking products including financial instruments, OTC derivatives and trade financing
• Teamwork mindset and commitment to the team 

Behavioral Skills

• Team Spirit - Synergies: I make cooperation with colleagues in and outside my team a priority    
• Responsibility - Risk awareness: I am constantly on the lookout for risks     
• Responsibility - Performance: I strive for high performance    
• Commitment - Exemplarity: I embody the Group’s values     
• Innovation - Technology: I adopt new  technologies in the solutions and projects I work on    
• Responsibility - Courage: I express my convictions and make decisions with courage and respect.    

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/