Head of Capital Markets Surveillance, Japan

Department Description

Within Compliance, Capital Markets Surveillance (CMS’) team addresses capital markets surveillance of GBS Wholesale Banking activities. The function’s core activities include Trade and Communications surveillance activities along with the processing of Significant Shareholding Disclosures for the group and the newly formed Risk Assessment and Control Review team (RACR).

The Trade Surveillance (TS’) mission is to design, implement and review the output of surveillance controls that are intended to detect trading practices that appear to be abusive/manipulative or potentially contrary to regulations or firm policies.

The Communication Surveillance (CS’) mission is to implement risk-based systems and controls to review and analyze Communication mediums across SG to identify, escalate and track, through successful resolution, potential anomalies which could be in breach of internal or external rules.

The Risk Assessment and Control Review (RACR) team is a critical part of the Capital Markets Surveillance function which is responsible for developing and conducting a robust risk assessment and control and desk review program that facilitates the ongoing assessment of control efficacy. The RACR function works in tandem with the surveillance teams and the Change Management Team in performing their tasks to develop and conduct an effective surveillance program.

Role Summary Société Générale Japan is seeking a Head of Capital Market Surveillance (CMS) to lead the CMS team across multiple regulated entities and business lines. This is a hands-on technical expert position, with day-to-day production responsibilities as well as responsibility for the supervision of daily operations, handling escalations appropriately, and interacting with senior management and regulators.

Key Responsibilities:

• Undertake Compliance Trade Surveillance and Communication monitoring duties as the second line of defense in Societe Generale.

• Perform Trade Surveillance & Communication monitoring in accordance with the requirements based on the relevant regulations and internal policies, managing regulatory enquiries, and ad-hoc enquiries, as required by the regulation.

• Contributing to the implementation of a robust trade surveillance and control framework across APAC, aligned with EMEA and AMER, to detect market abuse / misconduct risks and escalate incidents and possible breaches to relevant stakeholders.

• Providing guidance & expertise to both onshore and offshore teams in executing surveillance and investigation activities, maintaining team production efficiency through regular catchups to ensure consistency in surveillance procedures and adherence to SG Code.

• Handling escalations from more junior staff members who are performing trade surveillance alert reviews, conducting investigations and escalating cases to stakeholders, including local compliance and LOD1 controls / MARK.

• Coordinating with internal stakeholders to ensure timely escalation and effective resolution of surveillance findings, monitoring status and taking appropriate actions to resolve delays.

• Contributing to the prioritization, development and implementation of new /updated scenarios of trade surveillance together with RACR team (Trade Surveillance Risk And Control Review).

• Performing the Quality Assurance for trade surveillance alerts, ensuring all processes meet established standards.

• Providing training to all team members, including conducting workshops / Q&A sessions / Daily Pulse meetings.

• Overseeing training and development to junior staff to enhance their TS knowledge and skills while monitoring their performance.

• Reviewing existing operational procedures, guidelines and parameters of TS systems to ensure that the risk appetites and compliance practices are aligned across APAC / Global CMS.

• Identifying and resolving trade surveillance issues arising from regulatory activities undertaken within the region, actively working with relevant BU/SUs as required to ensure compliance of regulatory expectations.

• Ensuring timely and accurate responses to regulatory requests and enquiries (e.g. s181 Notice, IGAD, CTL), with audit / CTL recommendations duly followed up and implemented.

• Ensuring important information is communicated to stakeholders via regular meetings (e.g., quarterly Regional CMS Steerco).

• Contribute to the review and analysis of new or amended industry rules, market rules and regulations, when relevant to the department.

• Contribute to the analysis of new business initiatives and assess their potential impact on the surveillance program.

• Implementing projects to support local and global objectives (e.g. ASTRIC, FundApps, Target Operating Model reviews).

• Liaison with global / regional stakeholders for assessing constraints and risks of global/APAC project deployments (e.g. formation of Bernstein JV).

• Contributing to projects and lead where necessary (e.g., backlog management, operational incident management including data and remediation).

• Contributing to CMS governance (e.g., participate in CMS management meeting, contribute to RACR proposal, contribute to escalations from COM SUR, when necessary, review of CMS procedures.

• Organize the tasks and production related to substantial shareholding disclosure.

• Support Head of Compliance in Japan and other functions in Compliance department, as well as internal stakeholders including local management, as well as the Regional / Global heads of CMS.

• Manage team staff and support developing their career in Capital Markets Surveillance.