INTERNSHIP - AML Compliance at Societe Generale

New York - United States

Environment

The SGUS Compliance Department monitors the corporate banking, investment banking and broker–dealer activities of SGUS and reports on the compliance risks and issues to SGUS and Global Compliance Senior Management.Additionally, the SGUS Compliance Department works closely with the Global Compliance Department in Paris to ensure effective implementation of Global Compliance policies and to coordinate all cross-border business transactions and activities. The SGUS Compliance Department is responsible for monitoring the handling of sensitive confidential business information by SGUS personnel through the Compliance Control Room. It administers the SGUS Employee Investment Policy, arranges for the registration of broker–dealer personnel, and conducts compliance training. In addition, the Advisory Team provides the various business lines with guidance and advice on relevant rules and regulations.The US 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.Additionally, AML oversees key processes and risks of the KYC department.

Mission

Day-to-Day Responsibilities:

Responsibilities include, but are not limited to:
Assisting the FIU to prevent the use of Societe Generale facilities for money laundering, terrorist financing, bribery, corruption and cybercrime.
  • To assist with assessment of emerging trends and red flags identified in news sources and global current events and geopolitical changes.
  • Independently conduct documented enhanced due diligence on individuals, and entities, identified in adverse media screening by utilizing all available resources and exercise risk based judgment during the process of case dispositions and escalations.
  • Responsible for performing independent reviews and analysis of possible suspicious activity to ensure compliance with the Bank Secrecy Act and the USA Patriot Act.
  • Recommends course of action for most events, but may seek guidance from a manager when analysis identifies unusual or uncommon situations.
  • Conducts less complex and risky investigations and provides findings to management to evaluate potential risk to the Bank.
  • Research and verify the accuracy of information obtained through referrals and in the context of investigations.
  • Initiate and respond to 314(a)/314(b) inquiries from law enforcement and financial institutions.
  • Investigate and research cases involving potentially suspicious situations and efficiently arriving at sound risk based conclusions.
  • Clearly, concisely, consistently document and support judgments, decisions and rationale including maintaining records in accordance with business unit standards.
  • Prepare Suspicious Activity Reports (SARs) within regulatory guidelines.
  • Apply project management and organization skills to a variety of tasks including ad-hoc assignments.
  • Collaborate with team to implement initiatives and projects sponsored and approved by management

Profile

Competencies, Skills and Qualifications

Required Experience
  • 1-3 years of relevant experience in financial industry compliance experience.
  • Interest and willingness to develop expertise in legal, regulatory and compliance issues in the financial industry.
  • Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act (BSA), The USA PATRIOT ACT, OFAC, FinCEN requirements, and SAR requirements.
  • Excellent research skills, including experience with online research tools.
  • Advanced proficiency in Microsoft Office (i.e., MS-Word, MS-Excel, MS-Access, MS-PowerPoint and MS-Outlook).
  • Strong writing, analytical, and communication skills.
  • Able to multitask and adapt to changing priorities and effective prioritize workflow to meet critical deadlines.
  • Strong organizational and time management skills including ability to problem solve.
  • Self-starter with strong ability to work independently.
  • Proficiency in a foreign language is a plus.

Risk Management

Employees should understand the institution’s approach to risk management and their respective roles in supporting a strong risk culture, as outlined in the SGUS Operations Enterprise Risk Management Framework.

Our Culture

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit, innovation. These four values are centered around our clients. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. And we work to increase our impact on clients.

Remember to mention that you found this position via Future Finder