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BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.
BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.
The role
Compliance is an independent Function responsible for providing specialist support to Senior Management in managing Compliance risks, typically acting as a Second Level of Defence for Compliance-owned risks, including Market Integrity, Protection of Interest of Clients, Financial Security and Professional Ethics.
Financial Markets Compliance is global team and part of Compliance CIB.
Purpose & Scope of role
The COO Office provides support to the Global Head of Financial Markets Compliance to ensure a smooth and efficient running of the Financial Markets Compliance Team. Team members are based in London and Paris. The role serves promote the continued evolution toward a single pan-European team that coordinates the Global Financial Markets teams and aligns to the latest Compliance Advisory Mission Statement.
The candidate will be required to work closely with the relevant Advisory teams (in London, Paris and globally) and other Compliance stakeholders. Details of the Advisory role are below.
Financial Markets Compliance Advisory provide clear advice and challenge to Global Markets and ALM Treasury while reinforcing a strong Compliance Permanent Control and Risk culture. Markets Advisory provide compliance input in relation to Global Markets businesses and ensure implementation and management of relevant regulations and global policies.
There are four main themes:
Advisory – advising the business on Compliance topics for day to day queries, participating in relevant approval and governance committees regarding transactions, businesses or regulatory topics
Training & Awareness – Designing and delivering training on relevant rules and regulations applicable to the Global Markets businesses and undertaking regular induction and refresher training
Regulatory – Being knowledgeable about regulations that impact the business and implementing measures to ensure adherence. Providing input into policies and procedures. Interfacing with regulators
Risk & Controls – reviewing and challenging the business on the adequacy of risk controls, providing markets expertise in the Risk Assessment, independent testing, control plan and IG review processes
Key Responsibilities of role
Working closely with the COO and Business Managers to ensure the Global Head of Financial Markets Compliance is well briefed on key risks and issues across the Financial Markets Compliance Team. Assist with the development and implementation of strategic objectives for the team and ensure that these are aligned with the Business strategy and that of Compliance Management.
Team processes:
- Collect, review and challenge content provided by the team for the topics listed below
- Drive agendas and content for team meetings
- Prepare, maintain and collate information for the periodic team reporting packs and for any other ad-hoc reporting for the team collectively
- Prepare content for the GBL CORE process and incorporate regional topics/metrics as appropriate
Risk Assessments:
- Help coordinate Advisory Check & Challenge of 1LoD RCSA and CRI and any other relevant Risk Assessments
- Central tracking of key outputs and areas of challenge
- Identify opportunities to automate data inputs from other Compliance areas (ie Controls results, Corlytics data on Historical Incidents etc)
- Work with key stakeholders globally (CCRM Teams, GM OPC, other Compliance contributors etc) to define and enhance the process for future rounds
Communication and Coordination
- Co-ordinate with other Compliance Teams to facilitate a smooth flow of information and to align initiatives for maximum efficiency between the Financial Markets Team and other Compliance Stakeholders covering topics such as: Domain-level initiatives, policies & procedures; training; Compliance reviews; controls; and regulatory change
- Establish and maintain communication tools and data repositories such as SharePoint, shared drives, mailboxes and email distribution lists
Efficiency:
- Identify opportunities for efficiency in the way the team works
Stakeholder management:
- Build and maintain internal stakeholder relationships as appropriate
- Develop network globally
- Encourage Teamwork
Experience, Qualifications & Competencies
The role requires high levels of the following competencies/skills:
- Sound judgement and ability to deal with high pressure situations
- Strong collaborative approach and teamwork
- Proactively identify needs and help to identify solutions
- Strong Communication skills and ability to manage conflict
- Strong organisational skills
- MS Office (PowerPoint, Word and Excel) and SharePoint proficiency
