Business Overview:
The GMA Chief Conduct & Control Officer (“CCCO”) is responsible for supporting the CIB Americas CCCO in establishing and deploying a strong conduct & permanent control framework on all non-financial risks (operational, conduct and regulatory) throughout Global Markets Americas.
This role reports to the CIB Americas CCCO and the deputy head of GMA, and will be a member of the GMA Executive Committee. There is a dotted reporting line to the global GM Deputy CCCO to ensure global co-ordination and alignment.
Candidate Success Factors:
Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Able to influence peers and team.
- Demonstrates good judgement when making decisions of high complexity and impact.
- Exercise appropriate autonomy in the execution and delivery of work.
- Responsible for driving outcomes, which have meaningful effect on team or department.
- Leadership and Collaboration:
- Creates trust with colleagues.
- Acts in leadership capacity for projects, processes, or programs.
- Client, Customer and Stakeholder Focus:
- Able to build relationships with a mix of colleagues and clients.
- Interacts regularly with management and department leaders.
- Demonstrates the ability to influence stakeholders at the team level.
- Compliance Culture and Conduct:
- Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
- Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
Responsibilities:
Core Responsibilities:
- The GMA CCCO will support senior management to identify and assess non-financial risks and to ensure that the controls and other responses that mitigate risk are enforced and monitored for compliance.
- The regional GMA heads of OPC, FOCS and Regulatory Change Management will report into him / her, in addition to their existing global reporting lines.
- The GMA CCCO will be a member of the global GM CCCO Exco and will work with the global leadership to ensure efficient coordination, including on resources and organization, articulation of regional and global projects and initiatives, and alignment of policies and practices.
Operational Risk:
1. Drive the identification and assessment of risks and controls (Risk and Control Self-Assessment), and contribute to the definition and follow-up of remediation plans if needed
2. Ensure that Group procedures are implemented locally, complemented with local specificities
3. Ensure the existence of a clear Control Plan for GMA, according to the outcome of the risk assessment, regulations and other risk events (historical incidents, control results, external events, audit missions, …)
4. Ensure historical incidents are collected and analyzed in a timely manner and define, jointly with relevant stakeholders the corrective measures to be implemented to mitigate risks
5. Participate in the existing relevant governance
6. Ensure preparation of appropriate materials and presentations for the various supervisory bodies (Senior Management, Boards, Regulators), escalating to CIB Americas CCCO as required
- Regulatory Change Management:
- all new regulations applicable to GMA
- Oversee delivery of improvement remediation plans based on material weaknesses identified in the annual self-assessment
- Engage with local & global stakeholders to ensure appropriate & efficient regulatory engagement, including but not limited to GMA-focused exam management
- Tightly monitor the closure of IG, RISK ORC, Regulatory, or Auditors’ findings
- Launch any necessary programs or other efforts to ensure regulatory compliance or a well-functioning conduct/controls framework monitoring
Conduct Risk:
1. Act as a first level of escalation for FOCS GMA alerts
2. Ensure regional FOCS requirements are well-represented in global and regional IT prioritization
3. Act as an Ambassador of the BNPP Code of Conduct within GMA scope
4. Ensure appropriate policies and procedures are in place within GMA
5. Ensure conduct-related remediation is appropriately prioritized and implemented within GMA, including but not limited to managing the refinement & enforcement of the Approved Communication Channels procedure and Project Verdi
6. Manage the GMA CBF process at mid-year and year-end, ensuring check and challenge with GMA management providing data to the CIB Americas CCCO for collation and presentation
7. Support the implementation of conduct-oriented initiatives in GMA, as directed by the regional, global and metier CCCOs; liaise with global GM Conduct team to ensure alignment on execution of Conduct priorities, including but not limited to training, policies and procedures, governance, reporting, remediation, etc.
Overall GMA CCCO Management and Leadership:
- Manage cost and headcount budget
- Ensure adequate resourcing and skills in the GMA CCCO teams, hire and develop and train talents
- Continuously assess team performance and review organization as relevant
- Ensure value for money for GMA business, in coordination with GMA COO and leadership team
- Prioritize and sponsor regional initiatives, in coordination with GMA and global leadership
Minimum Required Qualifications:
- Strong understanding of GMA platform
- Strong level of operational oversight & non-financial risk
- Strong written and verbal presentation skills
- Experience of large team management
- Experience of managing senior stakeholders across the Group
Preferred Qualifications:
Masters or advanced degree preferred
FINRA Registrations Required:
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
SEC Security-Based Swap Dealer Associated Person:
The expected starting salary range for this position is between $335,000 to $400,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.
In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.
This application will remain open until a candidate has been selected for the role. There is no specific application timeline.
About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.
BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/
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.
