Business Overview:
The Management of the BNP Paribas has committed to ensure compliance with AML/Embargo & Sanctions rules within the entire Group. In this context, Group Compliance has decided to have a strong and permanent set-up within the US: Group Financial Security US (“GFS US”).
- Established in 2014 and based in New York, GFS US is a Group Compliance Domain tasked with developing and implementing an industry-leading Office of Foreign Asset Control (“OFAC”) Compliance Program.
- GFS US is responsible for the overall supervision and coordination of BNP Paribas’ effort to comply with U.S. and other international sanctions and embargoes. In performing this function, GFS US works with other relevant functions responsible for risk assessments and controls, sanctions filtering and screening systems, and sanctions’ violation monitoring and reporting.
- GFS US is the main point of contact for the Group with U.S. Regulators regarding Sanctions Compliance. The Bank’s OFAC Compliance Program was the basis for the creation of the department, the organization of its teams, and their roles and responsibilities.
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:
- Assist and support Compliance Perimeters in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to Sanctions.
- Assist and support the Group Financial Security U.S. Department.
- More specifically, The Norms team is responsible for:
- Producing, reviewing and maintaining norms, procedures and guidelines relating to international financial sanctions for implementation across BNPP entities.
- Advising on the implementation of GFS Sanctions norms and processes based on inquiries from stakeholders (Compliance, Business, IG etc.).
- Reviewing and taking decisions on Derogations requests against Group Sanctions norms, in coordination with multiple stakeholders, including the Legal team.
- Playing a key role in group projects related to the normative framework rationalization.
- Contributing to the continuous enhancements of the GFS operating model for the review of sanctions derogations and the monitoring of the Sanctions Corpus activities.
Position overview:
The successful candidate for the position of Vice President will report directly to the Deputy Head of GFS US Norms and support the Norms Team by contributing to a smooth and effective functioning of all document creation, editing and implementing. They will review existing Group policies and procedures and be asked to draft new procedures in order to address emerging sanctions process issues. They will also be tasked with being Group Financial Security’s primary liaison with Local Compliance and Business contacts for (i) advisory purposes with regards to the GFS Sanctions Corpus and (ii) all Sanctions Derogations Requests (“SDR”) related questions and risk acceptance reviews. Finally, they will assist the Head of GFS US Norms in responding to all policy-application requests received from Inspection Generale, external regulators and other GFS teams. This position requires up to 5-10% international travel.
The Norms VP Lead primary duties and responsibilities include:
- Manage 1-3 team members, ensure transversal oversight of their deliverables and daily tasks, and contribute to the strategic evolution of the Norms team’s mandates.
- Contribute to the 3 workstreams dedicated to the management of the Sanctions Corpus, Sanctions Derogations and Transversal Activities.
- Draft/review sanctions-related policies, procedures and guidelines in collaboration with other GFS teams, LFS and key stakeholders within the 5 Compliance Perimeters (Compliance and Business).
- Review/ manage sanctions derogations related to GFS norms, policies and procedures (out of scope notifications, sanctions derogations requests) and ensure follow-up of remedial action plans.
- Contribute to the transversal activities and projects, including ensuring process efficiency, production of metrics and monitoring of norms activities, execution and review of quality assurance checks and 1LoD controls, management of findings and recommendations, creation and update of documents framing the Norms team activities (operational procedure, control plan, guidelines, user guides, checklists) and the design/delivery of Trainings in coordination with the GFS U.S. Learning team.
- Ensure an advisory role on the implementation of GFS Sanctions norms and processes based on inquiries from various stakeholders (Compliance, Business, Legal, Internal Audit, Supervisors etc.), including in the context of an entity acquisition / portfolio acquisition / or in case of new activity starting from scratch.
Minimum Required Qualifications:
- Undergraduate/Graduate degree: legal background, international/business law studies
- 8-12 years' experience in a legal, compliance, audit and banking environment (including working knowledge of banking products & services).
- Excellent written and oral communication skills, including the ability to communicate clearly, concisely and effectively to a wide spectrum of external and internal audiences, including senior executives
- Experienced at analyzing/interpreting regulation and applying regulation to Group standards for policies and procedures
- Experienced at distilling bank policies and procedures and producing training materials
- Strong organizational skills with ability to drive multiple initiatives to completion simultaneously
- Strong analytical and evaluative skills with ability to perform complex analyses, express opinion through clear and decisive argumentation.
- Proactivity, sense of initiative and rigor.
- Ability to work independently, conduct projects with global scale and embody firm values.
- Ability to embody firm values
- Strong command of Microsoft Office
Preferred Qualifications:
- Fluent in both English and French language
- Knowledge of BNP Paribas Group activities and organization a plus
FINRA Registrations Required:
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
SEC Security-Based Swap Dealer Associated Person:
While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted.
The expected starting salary range for this position is between $130000 to $170000 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.
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.
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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.
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