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
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.
BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury, and advisory solutions.
Financial Markets Compliance Advisory provide clear advice and challenge to Global Markets and ALM Treasury in relation to their business activities, while reinforcing a strong Compliance Permanent Control and Risk culture, ensuring implementation and management of relevant regulations and global policies. The team also encompasses the Transaction Reporting and Position Reporting Practices.
The CIB ITO CCCO team is the Conduct and Control Office within the CIB IT and Operations teams, the Position Reporting Team will be a new team responsible for review the quality and accuracy of the Disclosures, interacting with the IT and Operations team on developments or data issues, liaising with Compliance on regulations and regulatory change and ensuring changes are implemented.
Job purpose
The Financial Markets Compliance Advisory team encompasses the Position Reporting Practice, which focusses on the Shareholding position reporting obligations related to equities, including long position, short position, takeover panel and sensitive industry reporting. The Practice sits within the Prime and Platforms Advisory Team which is primarily responsible for managing Compliance coverage of the Prime Services and Platforms Business Lines in EMEA, including Prime Brokerage and DEC.
Position Reporting Project
A global project is underway which aims to build a global rules engine and library covering the rules applicable to shareholder position monitoring and disclosure and is a collaboration between Global Markets, Compliance, IT and Legal. The project includes building a clear and consistently documented library of rules and the operational processes to aggregate positions from all group entities, calculate the bank positions and to prepare and transmit the disclosures to the relevant regulators. The project covers Disclosure of Interest (Long Position Reporting), Short Position Reporting, Sensitive Industry Limits, Takeover panel disclosures and the disclosure requirements for Independent Research. An important element of building the operational process is working with the Business and IT teams to share knowledge on the global rules to support the design and testing of the global rules engine and operational process that will manage the disclosure process and regulatory filings.
During the Project phase the team will sit within the Financial Markets Compliance team in the Position Reporting Practice. The purpose of the role is to help design and manage the implementation of the operational process for in-scope countries, including engaging in discussions with the ENDOXA consortium member banks and the IT teams. As the Project is implemented, the Position Reporting Team will be responsible for reviewing positions to confirm whether a disclosure is required, preparing and transmitting the disclosures until the process is able to be automated. Practical experience in: position aggregation, data review and investigations, completing regulatory filings, working with the business and designing and documenting document operational processes and controls (clear and concise language) is essential.
Following the completion of the project phase, the Position Reporting Team will move into the CIB ITO Chief Conduct & Control Office (ITO CCCO), with continued partnership with Financial Markets Compliance Advisory and the business on disclosures.
Key responsibilities
Project Phase
• Design and build position reporting operational processes to manage the aggregated data review, investigations with business and regulatory filings required by the project including working with IT and Compliance advisory on the relevant Rules Engine testing
• Provide specialist advice and input on position reporting that aligns with best practice, organisational strategies and regulatory requirements to support the development of the Position Reporting System.
• Develop good working relationship with the IT teams, ensuring they understand the rules, helping to drive the implementation of the system, and to ensure co-validation of the technical specification of the rules engine.
• Attend and contribute to any relevant internal or external workshops on rule interpretation, with timely follow up and communication to the Project team.
• Produce detailed and high quality output (e.g. the operational process documentation, training material)
• Assist in driving forward the project, coordinate with all teams involved and provide regular updates to the Project team including any issues for escalate or any road blocks
• Manage the preparation of disclosures to regulators, reviewing transactions and positions, checking with business to confirm transactions if necessary, interacting with the Position Reporting Practice within the Financial Markets Compliance team.
• Develop and maintain good working relationships with the IT and Operations teams, to aid the investigation of positions helping to drive the implementation of the system, and to ensure co-validation of the technical specification of the rules engine.
• Responding to queries raise to Financial Markets Compliance on disclosures, investigating issues and liaising with IT, Operations and the business if necessary.
Following the Project Phase
• Review disclosure reports generated by the Position Reporting System, ensuring accuracy of the disclosure and validating prior to submission.
• Identify and drive additional potential for automation of the System and Disclosure process.
• Develop and maintain good working relationships with the IT and Operations teams, to aid the investigation of positions.
• Drive the further developments of the system or future changes to be implemented due to regulatory changes.
• Work collaboratively with the local Legal and Compliance teams for the in-scope countries
• Manage and develop good working relationships with members of the Financial Markets Compliance team, fielding questions, providing specialist advice, managing interventions and maintaining constructive dialogue while providing challenge and guidance on the position reporting topics that impact the business.
Requirements
• Strong expert knowledge of disclosure rules and their practical application to a commercial business
• Strong project experience with proven track record of delivering regulatory analysis on-time
• Technical and practical knowledge/experience of Position Reporting topics
• Sound knowledge of the products most frequently driving disclosures, including cash equities, equity derivatives, prime brokerage and equity financing.
• Excellent analytical skills, demonstrated ability to think strategically and a good understanding of business strategy in order to identify resulting risks.
• Proven ability to build relationships, to challenge and collaborate with stakeholders and to use specialist knowledge to explain technical matters
• Able to manage projects to completion with input from management on larger projects.
• Good organisational skills and able to manage workload.
• Good presentation skills, able to prepare presentation materials and deliver content.
• Able to contribute to complex projects with input from multiple stakeholders
• Strong team player, works collaboratively
• Conduct role model, acts with honesty and integrity
• Strong communications skills (written and verbal)
• Numerate and skilled in use of word, excel and PowerPoint
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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