Job Title: <Market Abuse Surveillance Quality Assurance Analyst - AM>
Department: <COMPLIANCE Hub – India CoE-MAS QA>
About Business line/Function: <COMPLIANCE Hub India CoE enables safeguarding the Group’s reputation and mitigating the risks across all business lines by supporting the CPL functions globally. Currently, the India CoE Hub offers services to Group CPL COO TOP, quality assurance (trade & e-comm. surveillance, financial security), transversal risk management, personal account dealing, KYC compliance, MIS, and project support. The team collaborates closely with business partners worldwide. This role will provide opportunities to interact with all business and functional teams, offering significant visibility across the organization.>
Position Purpose: <The purpose of this position is to evaluate on a sample basis the execution of various controls in place within EMEA CIB Market Abuse Surveillance (MAS) as part of the EMEA CIB Surveillance Trade Quality Assurance Program (“Trade QA”) & E-Communications Quality Assurance Program (“E-Comms QA”), in line with Group Risk Management framework and as part of the EMEA CIB Quality Assurance Oversight Program.
EMEA CIB Front Office Conduct Surveillance (FOCS or 1LOD) and Compliance Market Abuse Surveillance (MAS or 2LOD) are responsible for conducting surveillance reviews that are intended to detect potentially suspicious behavior including potential violations, problematic patterns or practices and other concerns that may be in contravention of securities regulations and/or BNP Paribas (“BNPP” or the “Firm”) policies.
In support of the CIB Market Abuse Surveillance program, the objective of the Trade & E-Communications Quality Assurance Program (Trade & E-Comms QA) is to review the evaluation and investigation of trade and e-comms surveillance alert execution. In conducting this evaluation, QA will determine the extent to which CIB Surveillance teams sitting within both Lines of Defence have complied with applicable policies, procedures, standards and guidance materials issued by the Bank and applicable regulatory requirements.>
Responsibilities
Direct Responsibilities
<· Conduct reviews of Trade and e-Communication (E-com) Surveillance carried out to assess compliance with legal, regulatory and internal Bank policy requirements.
· Escalate potential issues and exception items to respective Compliance management and Front Office Conduct and Surveillance (FOCS) team
· Prepare reports to Senior Management detailing review findings and action plans; report on significant activities conducted and planned.
· Anticipate regulatory requirements and ensure the requirements are met within Surveillance teams.
· Lead working groups that focus on enhancing controls/quality of the Trade and E-com Surveillance programme.
· Conduct investigations.
· Input to the drafting of QA reports to present trends and observations noted during the evaluation of alerts. Design and deliver a structured training covering surveillance tools, review procedures, data‑quality standards, as needed.
· Leads and coordinates training initiatives as needed.
· Develops and delivers Steering‑Committee inputs and briefings to senior management, as needed.
· Provide day-to-day assistance and support to other members of the QA team.
· Work on projects as requested, including efficiencies and automations. Ensure relevant procedures, systems and controls are up to date and effective, and identify / facilitate remedial action where necessary.
· Assisting in regulatory and internal investigations as assigned by the Compliance Management Team
· Assist in preparing management information and reporting regarding surveillance and monitoring activities
· Complete all mandatory training as required to attain and maintain competency.>
Technical & Behavioral Competencies
<· At least 11 years’ experience in banking /financial industry.
· Automation skillset useful.
· Professionally qualified Compliance professional with expert level of knowledge and experience in market abuse surveillance.
· Professional experience in a Compliance Market Abuse surveillance role in the financial services sector, ideally in a UK FCA regulated banking organisation.
· Good working knowledge of Compliance procedures, and UK regulations and legislation.
· Knowledge of relevant digital and Artificial Intelligence matters and latest industry risks and trends
· Proficient knowledge of the exchange rules covering; securities, listed options, commodities and futures.
· Proficient knowledge of European regulation on Market Abuse, MAD MAR, MiFID 2;
· Strong bank/broker-dealer operational experience and understanding.
· Excellent analytical skills with the ability to translate technical concepts and provide specialist guidance and advice to others.
· Proven ability to write procedures and internal guidelines
· Proven communication and relationship management skills and experience of relationships at senior management levels.
· Strong computer skills and a good knowledge of common software e.g. Microsoft Office. Experience using Compliance software.
· Ability to think strategically and analytically; Can utilise this experience to undertake investigations>
Specific Qualifications:
- Capital Markets Certifications.
- Bachelor’s degree or higher, in some type of investment banking discipline.>
Location: <Mumbai>
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
