Compliance Officer (OFAC Sanction List Management)

Compliance Officer (OFAC Sanction List Management)

Compliance Permanent contract Montreal, Quebec, Canada Reference 24000QDT Start date 2025 / 01 / 06 Publication date 2024 / 11 / 06

Responsibilities

The Compliance Department at Société Générale is responsible for overseeing compliance with laws, regulations, guidelines and policies that apply to the firm’s banking and financial activities, particularly in the areas of anti-money laundering, anti-terrorism financing, sanctions & embargoes, know-your-customer obligations, client protection, market integrity, anti-bribery & corruption, data protection and client tax transparency.

The Compliance Department enables the firm to operate according to essential compliance standards, ensures that Société Générale’s non-compliance and reputation risks are controlled, while supporting the business with existing activities and in the development of new products or services.

Compliance acts as a second line of defense, developing and implementing policies, procedures and controls, monitoring activities, advising the business, assessing risks, and providing training to ensure understanding and application of requirements, contributing to spread a culture of compliance within the Group.

Société Générale’s AMER Financial Crime department is responsible for ensuring compliance with anti-money laundering (“AML”), Bank Secrecy Act, USA PATRIOT Act, OFAC and sanctions regulations for the US operations. The department performs, among other responsibilities, AML transaction monitoring and SAR filing, OFAC screening, as well as advisory and control functions across SG US bank and broker dealer businesses. The department is also responsible for the management of the tools used for sanctions screening and AML transaction monitoring.

ABOUT THE JOB :

The Sanctions Compliance team is responsible for ensuring compliance with OFAC, , and other applicable sanctions programs throughout SGUS. This includes reviewing alerts on transactions (second level review) and static data (first level review) for potential matches to the OFAC, , and any other applicable lists and investigating potential matches, reporting blocked property or rejected transactions to OFAC, investigating and drafting Voluntary Self-Disclosures to OFAC, targeted training to SG Employees on OFAC / sanctions issues, providing sanctions-related advisory support to SGUS business units, reviewing the Sanctions Risk Assessment, and coordinating with the Global Head of Embargoes, as appropriate.

What will be your DAY-TO-DAY?

This role is responsible for supervising sanction list management matters, including, but not limited to :

• Ensure SGUS’s screening is in line with OFAC / EU and all other applicable sanctions laws and regulations.
• Oversight of Technology and Operations teams on issues related to sanctions screening and list management including tuning, analytics and data governance.
• Liaise with Group Compliance and Technology teams in Paris on sanctions screening issues, including list management, rules and good guys.
• Proactively identify regulatory compliance and / or operational issues and implement solutions to improve control environment.
• Recommend opportunities for tuning the sanctions screening lists with rules and good guys and develop structure for ongoing reviews of interdiction lists.
• Proactively represent US Sanctions Compliance in all initiatives to implement or upgrade sanctions screening software.
• Execution of enhancements of processes and procedures with a commitment to consistency and successful implementation within the set targets and deadlines.
• Identify potential screening gaps and develop implementation plans to address them.
• Participate in and lead special projects in support of the US Sanctions Compliance program.
• Assist with coordination of materials for internal and external OFAC / sanctions-related regulatory examinations.

Profile required

Skills and Qualifications :

Must Have :

Nice to Have :

LANGUAGE :

Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.

Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority ("FINRA")

Why join us

OUR BENEFITS :

WHAT WE DO DIFFERENTLY AT SOCIÉTÉ GÉNÉRALE

Competitive compensation & benefits offering, including but not limited to :

Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate family

Various Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.