Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Business area
CIB UK Compliance is an independent function responsible for providing specialist advice and support to UK Senior Management, business lines and functions in adhering to internal controls and external rules and managing compliance risks.
The function typically acts as a second line of defence covering areas including controls, assurance, monitoring, professional ethics, training and competence, whistleblowing, money laundering, market abuse, financial security and regulatory liaison. This includes providing advice on the development of control frameworks and conducting regular assessment of the effectiveness of controls.
The Market Abuse Surveillance team is responsible for delivery of a comprehensive compliance market abuse surveillance and risk management framework across all CIB business lines and functions across EMEA.
Job purpose
As a member of the 2LoD alert investigations team, the individual will be responsible for the management, co-ordination and conduct where directed of investigations relating to instances of significant market misconduct arising across the BNPP Group and the Global markets business in particular.
Key responsibilities
Market misconduct investigations:
• Act as the EMEA MAS team’s Legal expert and assist in relation to formal investigations.
• Depending on the ownership, scope, subject and complexity of these cases, either coordinate / contribute to the relevant investigations and reporting.
• Ensure relevant analysis of data and records, prepare for and conduct interviews, organise / lead investigation team and drive the investigation to a timely and meaningful conclusion.
• Liaise with Legal, HR and Compliance teams as necessary in the conduct of these investigations.
• Assist in producing clear and concise reports regarding the outcome of the investigation (or relevant part of investigation), make recommendations.
• Act as the Legal point of contact for Compliance teams and in particular the Whistleblowing Referents related to cases where market abuse expertise is needed.
• Interact with and present to Bank Disciplinary and Conduct escalation processes/committees where necessary.
• Develop and maintain a close working relationship with Compliance and other colleagues on market abuse surveillance investigation matters.
• Maintain strict confidentiality when managing whistleblowing and other confidential cases.
Expert in trade surveillance
• When investigations are not prioritised, perform day to day L2 trade surveillance investigations across CIB EMEA and to review STOR’s and MO’s before submission.
• manage alerts for trade surveillance and business escalations, conduct end-to-end investigation and MO’s / STOR’s filing to the regulators if needed.
• Liaise with Compliance teams locally, regionally and globally on escalations and investigations.
• Assist with the planning and implementation of any tactical or strategic solutions in order to fulfil Regulator / Internal audit / Compliance requirements.
• Contribute to the production and maintenance of relevant Standard Operating Procedures.
• Support the L1 offshore team by acting as one point of escalation.
• Participate in or lead training initiatives for off-shore based L1 teams.
Requirements
• Professional qualification and prior Compliance experience in trade surveillance within banking compliance, risk or related field preferred, but not essential
• Detailed knowledge of specific Compliance principles and processes in Market abuse surveillance and monitoring.
• Understanding of Market Abuse and associated regulation including MAR and MiFID.
• Expert level knowledge of the UK and European regulatory framework and its application to banking and markets.
• Good analytical skills and an ability to provide legal insights and experience into advice and recommendations.
• Previous investigations experience advantageous - Preferably in the context of financial markets or AML activity. The candidate should demonstrate critical thinking and understand the steps required in collecting, documenting and preserving evidence in a manner that meets Group standards. Ability to draft interview questions and be present during interview sessions and assist the primary interviewer. Skilled in the interview process and understanding those techniques that are compliant with legal standards and admissible in court. A keen eye for detail whilst conducting document review, and the ability to spot inconsistencies.
• Excellent written and oral English skills in order to articulate technical issues and effectively communicate with individuals across the business.
• Strong knowledge of Trader activities helpful but not a must (Transaction/ P&L/ Positions).
• Strong knowledge of financial markets and assets classes
• Good analytical and research skills and an ability to translate knowledge and experience into advice and recommendations.
• Good team working.
• Excellent written and oral English skills in order to articulate technical issues and effectively communicate with individuals across the business. Ability to draft reports and legal documentation a plus.
• Legal experience or knowledge of EMEA regulations a plus. The candidate will also assist in regulatory RFI and partake in in person meetings with regulators, accompanying the EMEA Head of MAR Surveillance and Investigations. The candidate will preferably have had experience interacting directly with the regulator (FCA) particularly in the context of RFIs, reporting or liaising around particular investigations. The candidate will demonstrate an ability to liaise as well with various members of the internal legal team as well as any external counsel. Computer literacy and a good knowledge of common software e.g. Microsoft Office. Experience of relevant specialist Compliance software.
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
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