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
The Ethics and Compliance Department provides transversal regulatory advice and support to all the business functions performed globally across BNP Paribas.
The primary focus of the Market Abuse Surveillance (MAS) function is the oversight and execution of controls focussed upon the assessment of market abuse risk associated with BNP Paribas Group’s businesses, and the identification and detection of potentially market abusive behaviours by BNPP’s employees and clients.
The function operates automated rule based and analytical surveillance platforms which alert upon potentially anomalous behaviour and subjects the output to further manual analysis and investigation by subject matter experts within the function. Equally the function exercises oversight processes where surveillance activities are undertaken in the 1st Line of defence or by local entities outside of the core MAS teams.
Job purpose
The Compliance Manager, Model Risk Governance & Oversight, Market Abuse Surveillance - Vice President reports to the Global Head of Model Review, Challenge and Oversight, functionally with a local reporting line to the UK Head of Market Abuse Surveillance located in London. The individual will lead the relationship with the RISK IRC function, coordinate the Model Risk processes across Group surveillance activities, and enhance governance, policy adherence, and oversight of model risk review processes in alignment with SR11-7 and other regional regulatory expectations. The role is responsible for ensuring robust governance frameworks, facilitating model risk oversight committees, and driving strategic initiatives in model risk governance.
They will work closely with RISK IRC, Model Risk Management teams, model owners, information technology and independent validation teams to ensure compliance, effective governance best practices, regulatory adherence, and transparent risk reporting.
In discharging these responsibilities, the role holder is expected to interact with, obtain input from and provide appropriate information back to, operational surveillance teams across the Group.
Key responsibilities
Strategic Governance and Oversight:
- Assist the Global Head of Model Review, Challenge, and Oversight, Market Abuse Surveillance, with the execution of model risk management governance and oversight activities of the Surveillance Framework.
- Lead the model governance framework, ensuring alignment with SR11-7 and regulatory requirements.
- Establish and maintain risk rating methodologies for models, ensuring consistency and compliance with governance standards.
- Oversee governance structures that monitor model lifecycle risk, periodic reviews, and issue remediation.
- Provide senior-level oversight to model risk controls, issue tracking and regulatory risk mitigation.
Regulatory Compliance & Policy Leadership:
- Ensure model risk governance practices align with regulatory expectations and internal policy frameworks.
- Oversee regulatory and audit responses related to model risk management, including governance documentation and risk assessments.
- Develop and implement policy enhancements to meet evolving regulatory expectations.
- Track and report regulatory findings, issue remediation progress, and compliance milestones.
Stakeholder Compliance & Policy Leadership:
- Chair or provide senior oversight for model governance forums and committees, ensuring transparent decision-making.
- Act as a primary liaison between RISK IRC Model Risk Management (MRM), Compliance, Internal Audit, and Business Units to ensure effective governance and issue resolution.
- Partner with senior surveillance leadership to drive governance enhancements and facilitate risk-based discussion on model oversight.
- Maintain transparent communication with internal stakeholders to ensure timely completion of model reviews and remediation efforts.
Reporting & Risk Transparency:
- Oversee the production of MAB model risk governance reports, dashboards, and regulatory submissions.
- Provide executive-level reporting on model risk status, issue remediation progress, and compliance milestones.
- Ensure accurate and timely escalation of governance concerns to senior surveillance and Compliance leadership and risk committees.
- Maintain a centralized repository for all governance-related documentation, including risk rating justifications, approvals, audit trails.
Process Improvement & Innovation:
- Identify opportunities to strengthen governance frameworks and enhance transparency in model review processes.
- Oversee automation and technology initiatives that improve efficiency in model governance and reporting.
- Implement best practices in risk governance, ensuring continuous improvement of model oversight frameworks.
- Contribute as required to additional projects and activities as defined by the Global Head of Market Abuse Surveillance or as deemed necessary by senior Compliance Management.
- Challenge existing norms, processes and mindsets and offer ideas and a different perspective, whilst contributing to the wider model risk management program.
Requirements
Preferred Qualifications & Skills:
- Master’s degree in finance, risk management, economics, statistics, or a related field.
- Extensive experience in model risk management, governance or regulatory compliance with a financial institution.
- Deep expertise in SR11-7 and equivalent regulatory model risk governance practices, with direct experience managing regulatory interactions.
- Strong leadership and stakeholder management skills, with a track record of influencing senior executives and risk committees.
- Experience in overseeing model validation, risk rating methodologies, and governance frameworks.
- Strong knowledge of regulatory expectations from FRB, OCC, PRA, ECB and other global regulatory bodies.
- Expertise in model lifecycle governance, risk issue management and regulatory compliance frameworks.
- Advanced data analytics and reporting skills, with proficiency in Excel, PowerPoint, and data visualization tools (Tableau, Power BI).
- Exceptional written and verbal communication skills, with experience presenting to senior leadership and regulators.
- Proven ability to lead governance enhancements and drive process improvements in a complex regulatory environment.
- Strong general knowledge of bank processes and systems.
- Able to achieve objectives within tight time constraints while balancing multiple competing priorities.
- Excellent interpersonal, communication and influencing skills, including written skills, with the ability to interact effectively with across regions and various levels of management and maintain relationships with stakeholders at all levels of seniority.
- Able to clearly communicate expectations across impacted groups (e.g., 1LoD/2LoD) and work collaboratively with people at all levels of the organization and geographic locations.
- Proactive when it comes to addressing changing business needs and demonstrating problem solving skills.
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.
#LI-Hybrid
