Compliance Officer – Swap Dealer Compliance Advisory

Société Générale · New York City

Apply on the company website

Responsibilities

The Compliance Department at Société Générale helps ensure the firm conducts its banking and financial activities in accordance with applicable laws, regulations, internal policies, and ethical standards. The department plays a critical role in safeguarding the firm by managing non‑compliance and reputational risks, while supporting the business in its day‑to‑day activities and strategic initiatives, including the development of new products and services. As part of the firm’s second line of defense, Compliance partners closely with the business to establish clear frameworks, assess and monitor risks, provide guidance and training, and promote a strong culture of integrity and accountability across the Group.

The Compliance Department is seeking a Vice President‑level Compliance professional to support the global Swap Dealer Compliance Advisory team, providing coverage of Swap Dealer and Security-based Swap Dealer activities. The team serves as the Swap Dealer Compliance Office, responsible for the ongoing compliance oversight of the Compliance Program implemented by Société Générale SA (“SG SA”) as a CFTC-registered Swap Dealer (“SD”) and SEC-registered Security-Based Swap Dealer (“SBSD”).

The Swap Dealer Compliance Advisory team has a global mandate to proactively provide compliance and regulatory advisory services to Société Générale SA, acting through 14 dealing branches, including within Societe Generale in the United States (“SG US”).

The Swap Dealer Compliance Advisory team is the principal point of contact for the US Commodity Futures Trading Commission (“CFTC”) and the National Futures Association (“NFA”) on swap dealer-related matters, the US Securities and Exchange Commission on security-based-swap-dealer related matters and as subject matter experts in respect of the Dodd-Frank Act (Title VII) (“DFA”), as applicable. Being New York-based, the role requires close collaboration with colleagues based in the UK covering SD and SBSD matters and the functional manager of the team based in Paris.

Day-to-Day Responsibilities:

• Recommend and implement changes to the Societe Generale (“SG”) Swap Dealer (“SD”) and Security-based Swap Dealer (“SBSD”) Compliance Programs, including relevant policies, procedures and controls, on an ongoing basis;
• Provide robust, independent advice to SG Business Units/Service Units on DFA requirements;
• Collaborate with Compliance testing teams and other internal control functions to continually monitor, evaluate, establish and implement effective DFA Title VII-related policies, procedures and controls;
• Contribute to and review periodic reports that the Firm or Compliance management must make, either to SG DFA oversight forums or regulatory authorities;
• Work with Compliance colleagues on the development and coordination of ongoing training to employees on requirements impacting SG as an SD and SBSD;
• epresent Swap Dealer Compliance Advisory in firm-wide regulatory change programs/workstreams by providing sound advice as a Compliance stakeholder in respect of new regulations implementing OTC derivatives-related requirements or modifying existing requirements;
• Drive the review and implementation of new DFA-related regulation, presenting accordingly to the SG US Regulatory Change Committee and global regulatory change forums, as appropriate;
• Represent SG in external, DFA-related working groups and committees;   
• Review and/or draft responses to internal and external regulatory queries relating to DFA matters;
• Otherwise assist SG Americas Compliance senior management, as required, relating to DFA matters;
• Ensure your adherence to all applicable internal policies; and
• Read, understand, and comply with SG Group’s Conduct Standards and corresponding requirements.

Profile required

The ideal candidate is a motivated, seasoned, and versatile self‑starter with the ability to engage effectively with a range of stakeholders across the business and support functions. The role requires strong attention to detail, advanced analytical skills, and the ability to manage multiple initiatives simultaneously.

Technical Skills:       

Required:

• Strong knowledge of laws, rules and regulations pertaining to financial services firms, including CFTC, SEC, FRB, FINRA, and/or NFA regulations setting out obligations of Swap Dealers and Security-based Swap Dealers;
• Experience working within a Swap Dealer and/or Security-Based Swap Dealer Compliance program to meet the requirements of the Dodd-Frank Act;
• Ability to evaluate complex regulatory/compliance matters and propose clear guidance to senior Swap Dealer Compliance Advisory team members for distribution to relevant teams;
• Ability to project confidence and professionalism in all dealings with front office and control function personnel; and
• Ability to develop and maintain positive and effective partnerships with colleagues and internal stakeholders.

Preferred:

• Strong knowledge of Compliance risk management programs;
• Familiarity with clearing and trade reporting systems, and related compliance programs;
• Strong research skills, analytical and problem-solving skills, and attention to detail;
• Excellent organizational skills;
• Self-motivated and ability to effectively multi-task; and
• Ability to identify, develop and recommend "best practices" based on regulatory guidance and internal business practices.

Experience Needed:

• Years of Experience: Five to seven years of compliance or regulatory experience, preferably in a trading environment, risk management function, or law firm, or with a US federal regulator or self-regulatory organization.
• Education: Bachelor's degree; Advanced degree in law or finance a plus.
• Language(s): English; French (a significant asset).

Business insight

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

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. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

DIVERSITY, INCLUSION & BELONGING (“DIB”):
Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/

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.

Diversity and Inclusion

Societe Generale is an equal opportunity employer, and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law.

Share

More jobs at Société Générale · Legal & Compliance jobs in New York