Business Overview:
The Management of 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 U.S.: Group Financial Security US (“GFS U.S.”).
The objectives of this unit include:
- Having the responsibility for the BNP Paribas Group framework in relation to Compliance with U.S. Sanctions.
- Ensuring a legal watch in relation to U.S. Sanctions in liaison with Legal Affairs.
- Issuing norms, policies and procedures in relation to Sanctions and applicable across the BNP Paribas Group.
- Providing advice on situations linked to U.S. Sanctions across the Group.
- Acting as the ultimate level of management of the U.S. Sanctions – related alerts.
- Acting as the sponsor of tools used to filter flows against embargo / Sanctions lists.
- Risk assessing the Group’s branches & affiliates regarding non-compliance issues through permanent risk oversight.
- Performing on-site controls within BNP Paribas Group to verify that BNP Paribas entities comply with norms issued by GFS U.S.
The mission of GFS U.S. OSC is to review the adequacy and effectiveness of the normative financial sanctions’ framework, particularly as to the specific requirements of US, EU and France sanctions laws for all currencies within the Financial Security Perimeter of the BNP Paribas Group. More specifically, GFS U.S. OSC contributes to the effective implementation of the normative financial sanctions’ framework.
GFS U.S. OSC holds authority to examine any transaction and the overall compliance efforts by any Financial Security Perimeter Assessment Unit.
GFS U.S. OSC comprises experienced examiners who travel internationally as needed to execute a risk-based annual review plan.
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.
Position overview:
The OSC AVP will report to a GFS U.S. OSC Director.
The OSC AVP as part of a team, will undertake review assignments in accordance with an approved plan; provide a high level of assistance in the conduct of reviews; and contribute to the maintenance and enhancement of stakeholder relationships.
Responsibilities:
In this role, your primary responsibilities include:
- Performing assigned review scoping and test work, under the supervision and guidance of the OSC Vice President/Team Lead (or when necessary, under the OSC Director); adaptability to changing "coverage" of Operating Divisions (CIB, CPBS, and IPS) based on OSC organizational changes and needs, with potential to conduct reviews across all three (3) BNPP Operating Divisions as required.
- Assisting in the drafting of findings, Remedial Action Plans (“RAPs”) and review reports.
- Delivering review assignments that adhere to methodology and quality standards.
- Demonstrating strong and effective time management.
- Participating in the enhancement of OSC’s professional practices (methodologies, test plans, RAPs and Review Quality Assurance etc.)
- Supporting OSC U.S. in executing special and ad-hoc projects.
This role requires adherence to the Bank's hybrid working policy, which includes being present in the office three days per week.
This position requires at least 25-30% international travel to countries where BNPP has offices, operations, or business interests which may include developing countries. Extended stay up to five (5) weeks may be required.
This is an exciting opportunity for the right candidate to join a Group-wide function in a highly visible position.
Minimum Required Qualifications/Skills:
- 3+ years’ experience in General Inspection/Audit role to ensure compliance, mitigate risks and improve efficiency with proven success in identifying gaps and implementing solutions.
- 4-7 years in a complex global financial services organizations ensuring process improvements and strategic insights.
- Experience in Compliance with a strong knowledge of OFAC requirements.
- High ethical standards.
- Excellent verbal and written communication skills.
- Strong analytical and investigative skills.
- High level of detail orientation and organization.
- Flexibility to adapt to new changing environment.
- Team player with demonstrated track record in self-initiative and time management.
- Undergraduate degree, finance or business-related majors.
Preferred Qualifications/Skills:
- Professional certifications : CIA, CISA, CAMS, CFE, CFA, etc.
- Knowledge of BNP Paribas Group activities and organization.
- Working knowledge of automated auditing techniques.
- Foreign language skills a plus in particular French.
- Graduate degree.
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 $105,000 to $140,000 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.
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.
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