Job Title: Head of FOCS (CCCO) – ISPL
Department: GM Front Office
About Business line/Function: Front office conduct surveillance
Position Purpose: The number of surveillance models that are being deployed for FOCS is expanding at a very fast pace. This expansion is being driven by new regulations and by an increase in the recommendations that are the output of internal and external audits and regulatory visits. This expansion will also increase the alert population and surveillance coverage and will require additional staff to investigate each occurrence to determine whether there is sufficient reason to generate a suspicious activity report.
Responsibilities
Direct Responsibilities
- Lead a team of up to 100 surveillance analysts in accordance with the UK CIB Management Charter, set performance targets, conduct coaching, and drive career development.
- Management of resources in FOCS ISPL team, including attrition, contractors and recruitment pipeline
- Oversee the surveillance activities across Trade, Communications and Rogue Trading monitoring
- Oversee the escalation of potential breaches to Level 2 FOCS team
- Monitor and ensure adherence to Target Turnaround Time for the management of Trade, Communication and Rogue Trading alerts, with escalation to FOCS Level 2 teams where required
- Partner with Front Office, Compliance and IT to resolve alerts, close investigations and implement process improvements
- Produce weekly/monthly dashboards for senior management within an agreed template and present these to FOCS Global management teams regularly
- Develop and manage relationships with FOCS Regional Heads and Team Leads. Represent FOCS ISPL in meetings with business, compliance, and key stakeholders
- Coordinate response to Quality Assurance observations and implementation of recommendations
- Contribute to the strategic development and effectiveness improvements of controls in surveillance tools across Trade, Communications and Rogue Trading
- Lead the ISPL contribution in the delivery of surveillance technology projects
- Manage optimisation and efficiency of surveillance resources within ISPL through capacity planning, skills-based work allocation and identification of opportunities for increased automation, enhancements and process re-engineering
- Representation of FOCS ISPL in key management committees
- Act professionally always and comply with the ethical standards and conduct expected by BNP Paribas and other relevant regulatory authorities
- Comply with all applicable legal, regulatory and BNPP internal compliance policies as well as Code of Conduct. This includes but is not limited to Financial Security, Know Your Customer, Due Diligence, Client Interest Protection, Market Integrity, Professional Ethics and Respect for colleagues
- Own the management of Service Level Agreements between ISPL and Beneficiaries
Contributing Responsibilities
Technical & Behavioral Competencies
- Proven leadership of a high performing analytics/monitoring team, with a minimum of 15 years’ experience in a global market surveillance function
- Strong stakeholder management and influencing abilities
- Excellent written and oral communication with the ability to brief senior leadership.
- High ethical standards and sound judgment.
- Must have strong interpersonal skills, a flexible, collaborative and team-oriented approach to problem-solving and an ability to work in a fast-paced, rapidly changing environment
Specific Qualifications:
- Capital Markets Certifications
- Bachelor’s degree or higher, in some type of investment banking discipline
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
Behavioral Skills:
Education Level: Bachelor Degree or equivalent
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.
