What is this position about?
The main purpose of the team is to ensure timely, consistent and exhaustive transaction & positions regulatory reporting under APAC jurisdictions, such as HKMA, MAS, ASIC, SEBI etc for both Equities and Fixed Income products.
The team is also the single point for regional Operations on new Regulatory initiatives.
The purpose of the position is to achieve the teams goal through daily routine control measure and contribute to implementation of new control framework in order to minimize operational risk and comply with the regulatory requirements.
Proactive monitoring & analysis on requests from external regulators & internal stakeholders (business, compliance, IT) are expected for this position.
What would be your typical day at BNPP Paribas look like?
Primary Role Responsibilities
• Setup procedures and controls to minimize the operational risk on regulatory reporting.
• Enhance existing controls to streamline existing process and improve control efficiency and accuracy.
• Prepare data for specific surveys requested by Central banks and regulators.
• Send regular updates to the ITO management, Compliance and Front Office on the status of the different initiatives.
• Define test cases, validate user testing and follow up with IT on new releases for upcoming regulatory projects
• Managing the HK reporting team, provide closely interaction & governance to offshore reporting team to ensure process are well performed & issues are escalated on time.
• Provide estimations & manage expectations from Business, compliance as per own team resources & IT constraints.
Other contributions
• Participate in industry working groups and conferences to be well aware of the latest development and ensure that our setup is robust
• Review and propose improvements on the reporting currently managed by other departments on ad hoc basis to ensure the process is in line with the regional standard
• Provide justifications & rational from Operations perspective.in helping IT to prioritize on different enhancements which fect regulatory reporting.
• Technical- Strong communication skills in managing & liaising with business/compliance on new requirements.
• Strong knowledge of Fixed income products and OTC trade reporting requirements- Knowledge in Front to Back workflows and product event management is a plus
• Strong knowledge on Data Managing tools (Alteryx, Python), Excel skill, automation or script writing (e.g. VBA) is a plus.
• Strong sense of compliance and risk control- Attention to detail and accuracy imperative
What is required for you to succeed?
• Experience Requirements
o Direct responsibility for regulatory reporting (transaction + financial + liquidity + compliance scope)
o Experience across global markets products (derivatives, FX, securities, financing) proven exposure to:
o Multi-regulator environments: HKMA, MAS, ASIC, KRX, etc.
o Complex reporting regimes:
? Trade/transaction reporting
? Short position reporting
• Deep Regulatory Interpretation & Implementation Expertise
o Hands-on experience in:
? Translating regulations into:
? Business Requirements Documents (BRD)
? System logic & data rules
o Ability to:
? Lead regulatory change programs end-to-end
? Interact with industry bodies / market groups
? Manage regulator queries and inspections
• Strong Control Framework & Governance Leadership
o Proven track record in:
o Designing and running regulatory reporting control frameworks
o Oversight of: Data quality / Control attestation / Risk ratings / Audit trail
• Data + technology understanding
Required education/certification/licenses
• Core Education - Master’s degree
• Professional Certifications (Strongly Recommended) : CFA/FRM
• IT skills : VBA/Python/AI
About BNP PARIBAS
As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
https://careers.apac.bnpparibas/
More information
BNP Paribas - Diversity & Inclusion Journey
BNP Paribas - The Bank Of Green Changes
Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year
