The Client Engagement and Protection Regulations team is client facing, responsible for client communication related to regulatory changes resulting from MIFID 2, EMIR (European Market Infrastructure Regulation), the Dodd-Frank Act in the US, other OTC derivatives regulatory regimes (including those pursuant to HKMA and MAS rules), tax-related legislations (e.g. FATCA and AEOI [Automatic Exchange of Information]), Equity Research enablement, among others. All this need to be addressed diligently due to the very important stakes; indeed, not being compliant in due time could result trading disruption, loss in firm’s reputation and regulatory breach.
An intensive internal coordination is also required to educate the Business representatives (Global Market and Coverage) about the regulatory framework, the impacts on their clients and the relevant contingency action plan.
The Client Engagement and Protection Regulations team is also closely collaborating with other functions looking after regulatory affairs such as Legal, Compliance, Project Management, IT, Finance, Due Diligence and both Global Market Regulatory Affairs and Global Market Business Management.
Direct Responsibilities –
- Regulatory Onboarding Support:
- Facilitating and follow up with client onboarding
- Tackling regulatory blocks that prevent trading
- Addressing queries from clients, traders, marketers and relationship managers
- Regulatory Remediation Exercises:
To achieve Regulatory Onboarding and Regulatory Remediation Exercises, the Client Management Regulations team aims at:
- Preparing the necessary regulatory materials to dispatch to clients
- BNPP offers and positions (i.e. encourage signature of ISDA protocols)
- Remediating any pending items necessary to meet regulatory requirements by their compliance dates and minimize any trading disruption with our valued clients
- Reaching out to our clients to ensure they have completed the necessary documentation:
- Following counterparties adherence to ISDA protocols / Representation Letters
- For clients who did not sign the ISDA protocol, pushing on bespoke legal documentation
- Addressing potential requests from regulators
- Working with the different functions involved in this regulatory compliance effort (such as Business Management, Legal and UK & US counterparts)
Contributing Responsibilities –
- Anticipating the new rules / change of rules to come (Regulatory Oversight)
- Contributing to the Permanent Control Framework
- Contributing to the alignment of procedures across the regions
- Contributing to a Global Compliance Status update and KPIs
Technical Qualifications & Behavioral Competencies –
Experience in project management with a strong communication skills, Knowledge related to OTC derivatives regulations and / or tax legislations a plus, Understanding of derivatives
- Degree in Finance, Business or Mathematics; post-graduate degree in Business or Finance
- 3 - 5 years in finance or banking related industry
- Fluent in English, written & verbal.
- History of achievement in previous roles
- Innovative, creative and pro-active
- Rigorous to ensure quality
- Strong interpersonal skills
- Excellent verbal, presentation and written communication skills
- Excellent analytical and problem solving skills
The Client Engagement and Protection Regulations team is client facing, responsible for client communication related to regulatory changes resulting from MIFID 2, EMIR (European Market Infrastructure Regulation), the Dodd-Frank Act in the US, other OTC derivatives regulatory regimes (including those pursuant to HKMA and MAS rules), tax-related legislations (e.g. FATCA and AEOI [Automatic Exchange of Information]), Equity Research enablement, among others. All this need to be addressed diligently due to the very important stakes; indeed, not being compliant in due time could result trading disruption, loss in firm’s reputation and regulatory breach.
An intensive internal coordination is also required to educate the Business representatives (Global Market and Coverage) about the regulatory framework, the impacts on their clients and the relevant contingency action plan.
The Client Engagement and Protection Regulations team is also closely collaborating with other functions looking after regulatory affairs such as Legal, Compliance, Project Management, IT, Finance, Due Diligence and both Global Market Regulatory Affairs and Global Market Business Management.
Direct Responsibilities –
- Regulatory Onboarding Support:
- Facilitating and follow up with client onboarding
- Tackling regulatory blocks that prevent trading
- Addressing queries from clients, traders, marketers and relationship managers
- Regulatory Remediation Exercises:
To achieve Regulatory Onboarding and Regulatory Remediation Exercises, the Client Management Regulations team aims at:
- Preparing the necessary regulatory materials to dispatch to clients
- BNPP offers and positions (i.e. encourage signature of ISDA protocols)
- Remediating any pending items necessary to meet regulatory requirements by their compliance dates and minimize any trading disruption with our valued clients
- Reaching out to our clients to ensure they have completed the necessary documentation:
- Following counterparties adherence to ISDA protocols / Representation Letters
- For clients who did not sign the ISDA protocol, pushing on bespoke legal documentation
- Addressing potential requests from regulators
- Working with the different functions involved in this regulatory compliance effort (such as Business Management, Legal and UK & US counterparts)
Contributing Responsibilities –
- Anticipating the new rules / change of rules to come (Regulatory Oversight)
- Contributing to the Permanent Control Framework
- Contributing to the alignment of procedures across the regions
- Contributing to a Global Compliance Status update and KPIs
Technical Qualifications & Behavioral Competencies –
Experience in project management with a strong communication skills, Knowledge related to OTC derivatives regulations and / or tax legislations a plus, Understanding of derivatives
- Degree in Finance, Business or Mathematics; post-graduate degree in Business or Finance
- 3 - 5 years in finance or banking related industry
- Fluent in English, written & verbal.
- History of achievement in previous roles
- Innovative, creative and pro-active
- Rigorous to ensure quality
- Strong interpersonal skills
- Excellent verbal, presentation and written communication skills
- Excellent analytical and problem solving skills
