Compliance Risk Review Manager

Hong Kong
28 Oct 2018
31 Oct 2018
Contract type
Full time


Societe Generale is one of the leading financial services groups in Europe. Based on a diversified and integrated banking model, the Group combines financial solidity and a strategy of sustainable growth.

CPLE/CTL's mandate is to operate, within the 3 Lines of Defense model, a 2nd Level Controls and Testing framework, from both a regulatory and financial crime perspective, based around a robust compliance risk assessment, which drives the prioritization of the control plan.

The objective of 2nd Level Controls and Testing is to assess and test independently the adequacy of the 1st and 2nd Lines of Defense (LOD1 & LOD2) compliance framework that Business Units (BU) and Support Units (SU) have put in place to mitigate the risks of non-compliance that SG Group is exposed to across its business activities and operations globally.

The CTL team is positioned as a second line of defence in the bank's internal control framework and has a specific mandate within Compliance, with the objective to measure, test, detect and report the risk of non-compliance. The Asia regional team is responsible for:
  • Collect and analyse compliance risk indicators
  • Build a risk based yearly Control plan for APAC
  • Coordinate the annual Compliance Risk Assessment with Regional and Country Advisory Compliance for Asia;
  • Execute Compliance reviews covering wholesales bank activities within Asia;
  • Monitoring the control assessment of the Permanent Supervision in Asia.
  • Deliver recommendations and action plan to enhance the global control framework

Summary of the key purposes of the role

  • Ensure Compliance risks are identified and managed in a timely manner
  • Contribute to build the APAC yearly control plan based on key compliance risk indicators
  • Perform testing of the control framework and deliver Compliance reviews as required by the annual plan
  • Ensure timely tracking and resolution of CTL recommendations
  • Supervise and provide support to staff and ensure quality assurance of their deliverables
  • Maintain regular engagement and provide feedback with/to key business and Compliance stakeholders


Main Responsibilities

Contribute to build the annual Compliance control plan

  • Build a strong risk-based approach
  • Analyze the results of the risk assessment campaign, key incidents, external enforcements, results of previous reviews, regulatory agenda and detect weak areas and process at risk. Narrow down the selection of priorities with the contribution of key compliance and business stakeholders across all the region.

Perform testing and deliver report and recommendations

  • Deliver Compliance reviews pertaining to the Manager's perimeter, as required by the annual plan
  • Manage end to end thematic/cyclical/desk review activities:
  • Perform or supervise review activities, including scoping, testing, issue clearance, reporting;
  • Supervise and coordinate the work delegated to subordinates and other team members;
  • Deliver work on schedule and in accordance with CTL standards and methodology;
  • Timely escalate any risk/issue or bottleneck to the Regional Head of CTL and / or Regional Head of Compliance, as required
  • Submit draft reports to, and get clearance from, the Regional Head of CTL or Regional Head of Compliance prior to issuance and communication to the relevant business and Compliance stakeholders. Manage distribution of the review report to the relevant stakeholders and the recording of the recommendations in the database
  • Ensure timely tracking of CTL recommendations pertaining to the Manager's perimeter and provide updated status in the recording database on a monthly basis. Escalate promptly any issue or bottleneck to the Regional Head of CTL and / or Regional Head of Compliance where there is a risk of delayed implementation or push back from the business line or Compliance
  • Provide periodic updates of the review status in weekly team meetings and update the team's activity report on a monthly basis. Comment on key risks/issues identified and highlight any risk of slippage, or provide justification for slippage, if the anticipated delivery schedule is not going to be met

Management and supervision of team members

  • Manage annual performance of subordinates including the settings of annual objectives and the annual appraisal
  • Supervise the performance of staff involved in the execution of the reviews, providing support throughout the review life cycle (including the validation of the scoping document, the testing results, the validation/clearance of findings and recommendations, and the issuance of the report)
  • Provide a regular support of expertise to the staff on compliance or business specific thematics and ensure that their annual training program is aligned with CTL yearly plan expectation
  • Contribute to maintain awareness of major regulatory developments and their impact to the bank's activities from a risk management angle.

Engagement with business line and Compliance stakeholders
  • Provide proactively regular updates to key business and Compliance stakeholders on the progress of the review plan and the risks/issues identified throughout reviews during the period (including through participation to business meetings or risk committees, if need be). Maintain updated knowledge of the business line organisation as well as its strategic developments and projects

Other responsibilities
  • Maintain a detailed and updated working knowledge of the FCA, SFC, HKMA, MAS rules and regulations



Technical knowledge
  • Strong knowledge of regulations relating to financial services (FCA rules, EU directives, SFC, HKMA, and MAS etc)
  • Strong knowledge of Capital Markets and Investment Banking operations and products

General Competencies
  • Strong report writing skills
  • Management skills
  • Analytical & problem solving skills
  • Presentation skills
  • Time management skills
  • Team player
  • Ability to make decisions autonomously

Work Experience:

  • Minimum of 12 years of work experience in the financial services industry, audit, compliance or reviews / Testing background
  • Experience of managing teams and time boxed projects


  • University Graduate in Law, Bank & Finance or Economics
  • Professional diploma or qualifications in Compliance and/or Audit (preferred)


  • Fluent English: strong verbal and written communication skills, ability to articulate concisely technical matters

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