2023 Career Arc Returnship Program – OFAC Compliance Officer

Job description

Responsibilities

Base Salary Range: [$100,000 - $100,000] 
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.

This is a six month program with the potential to be hired full time.

Societe Generale’s program is designed to give professionals like you a chance to re-enter the workforce and refresh and sharpen skills through a 6-month paid internship.  During the internship you will be given the opportunity to perform meaningful work in a supportive environment while reacclimating to the banking world.  We value a variety of backgrounds and levels of talent and are looking for individuals with previous experience in areas including, but not limited to Compliance, Risk, Banking, Sales, Trading, Human Resources, Legal and Project Management.
Profile required

Division Description:

The Compliance department acts as Second Line of Defense of the corporate banking, investment banking and broker–dealer activities across Societe Generale’s operations, reporting on the compliance risks and issues to local, regional, and head office management. The staff provide the business lines with guidance on relevant laws, rules, and regulations applicable to their activities and the development of related policies, procedures, training, and controls. The department oversees compliance with external and internal rules that govern our banking and financial activities including Know Your Customer, anti-money laundering, anti-terrorism financing, sanctions & embargoes, client protection, market integrity, anti-bribery & corruption, and data protection. Additionally, it provides trade and communications surveillance, and manages transversal support functions that help the department achieve its goals.

Responsibilities:

Support the Sanctions Compliance team for all matters related to OFAC regulatory compliance (e.g., escalations, reporting, investigations, licensing, and disclosures). Familiarity with payment structure and screening systems is a plus.  Tasks related to the position include, but are not limited to:

·  Review of sanctions-related static data alerts, payments escalated for further review due to potential sanctions concerns, and regulatory reporting including OFAC Voluntary Self-Disclosure submissions, and OFAC Block and Reject reporting.
·  Identify OFAC compliance issues/concerns and make suggestions and/or take corrective action to implement solutions to improve controls/operations.
·  Conduct investigations into potential and post-fact sanctions violations to identify sanctions compliance issues and drive changes in control processes and products and services to ensure strict compliance.
·  Keep abreast of SG Group sanctions policies, OFAC sanctions, and respective reporting requirements.

Skills and Qualifications:

Must Have:

·  A minimum of a 2-year career gap
·  Working knowledge of OFAC and BSA/AML requirements 
·  Excellent interpersonal, written and verbal communication skills.
·  Works well under fast-paced high-volume environment.
·  Proficiency with word processing, computer applications, databases and spreadsheets including, but not limited to, MS Word, Excel, Outlook. 
·  Familiarity with vendors supporting OFAC compliance, such as Lloyds List Intelligence, Kharon, and Windward is a plus.  Why join us

The Compliance department acts as Second Line of Defense of the corporate banking, investment banking and broker–dealer activities across Societe Generale’s operations, reporting on the compliance risks and issues to local, regional, and head office management. The staff provide the business lines with guidance on relevant laws, rules, and regulations applicable to their activities and the development of related policies, procedures, training, and controls. The department oversees compliance with external and internal rules that govern our banking and financial activities including Know Your Customer, anti-money laundering, anti-terrorism financing, sanctions & embargoes, client protection, market integrity, anti-bribery & corruption, and data protection. Additionally, it provides trade and communications surveillance, and manages transversal support functions that help the department achieve its goals.
Business insight

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.

D&I: 
Our Diversity & Inclusion 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 Diversity & Inclusion 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

For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)

HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.