BNP Paribas Asset Management (BNPPAM) is the investment management arm of BNP Paribas, one of the world's major financial institutions. BNPPAM offers a diverse range of investment management strategies to institutional clients. In the U.S. we have offices in New York and Boston. Our teams understand that our investment decisions have the potential to make a difference to our clients' lives and this is why we say: investing means the world to us.
We have an excellent career opportunity for a Compliance Officer in our New York office. Individual will be responsible for assisting the Chief Compliance Officer (“CCO”) in various matters. This role requires knowledge and application of Anti-Money Laundering, Know Your Customer and Sanctions requirements; managing compliance projects for the team and assisting with reporting requirements, both locally and globally.
- Knowledge and understanding of Anti-Money Laundering, Know Your Customer (including Enhanced Due Diligence), OFAC/Sanctions related regulations and their impact on investment advisers.
- Timely address PEP/Sanctions alerts received from the Group tool, Fircosoft SUN.
- Conduct adverse media checks during client on-boarding and KYC recertification processes.
- Identify compliance risks within BNPP AM USA and ensure such risks are effectively mitigated with appropriate controls.
- Assist client relationship managers with Group KYC requirements (clients, brokers, etc.) and participate in approval process, as required.
- Draft quarterly and monthly compliance reports to clients.
- Participate in client start-up meetings.
- Provide compliance related training to employees.
- Liaise with US Territory and Central Asset Management teams for Financial Security matters (including completion of annual risk assessments).
- Coordinate, prepare and participate in client due diligence reviews.
- Respond to counterparty requests (KYC documentation, FINRA forms, client AUM).
- Review marketing materials and prospectuses.
- Assist with Compliance’s participation of internal and external audits.
- Draft risks/ controls language as they relate to the Investment Advisers Act Policies & Procedures/COE for testing by auditors. Provide proof of compliance with the written risks/controls.
- Assist in periodic regulatory reporting to the Securities Exchange Commission, Commodities Futures Trading Commission, National Futures Association and foreign regulators.
- Prepare intra-Group reports on the status of internal control plans and the effectiveness of these controls.
- Participate in compliance monitoring and testing of compliance policies and procedures and processes.
Role requirements: qualifications & experience:
- Working knowledge of investment advisory environment and its associated risks and internal controls. 5 -7 years of relevant work experience required.
- Strong financial security experience (AML, KYC, Sanctions, etc.), ideally from an investment adviser perspective.
- Strong computer skills; with advanced skills in Excel.
- Knowledge of Salesforce.com
- Proficiency in French a plus, but not required.
Essential skills / competencies (Technical / Behavioral / Leadership):
- Integrity: Acts ethically, in compliance with what is said and while respecting the company’s values and rules.
- Analytical skills: Identifies all aspects of a subject and examines them in a critical way to construct a broad point of view. Individual is driven by the desire to know more about things, peoples or events.
- Accuracy: Constantly attentive to the precision and thoroughness of the information sent and to the quality of the work; ensures that errors are minimized.
- Results-Driven: Seeks to achieve the objectives set within the defined timeframe, by acting with tenacity, and by balancing costs and benefits. Continuously seeks optimum performance.
- Negotiation Skills: Obtains best possible results when conflicting interests are at play, leading to a constructive dialogue.
- Taking Initiative: Works proactively and independently, implementing work processes, ideas and solutions, including in situations where information is missing or wholly unusual.
- Communication skills: Expresses his / her messages, both orally and in writing, in an effective, organized way, which is appropriate to the audience being addressed.
- Teamwork: Knows how to work in a team and / or across teams, acts bearing common interests and respect for fellow team members in mind.
- Knowledge: Rules and regulations pursuant to the Investment Advisers Act of 1940; Securities Exchange Acts of 1933 and 1934 (including 13F reporting); NFA and CFTC (Form CPO-PQR & CTA Form PR) rules; FATCA; The Dodd–Frank Wall Street Reform and Consumer Protection Act (Volcker Rule, OTC derivatives, etc.) and familiarity with EMIR; MiFID, AIFMD and UCITS regimes.
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.