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.
Job purpose
The Prime and Platforms Advisory Team is responsible for managing Compliance coverage of the Prime Services and Platforms Business Lines in EMEA, including Prime Services, Derivatives Execution and Clearing (DEC) and FXPB. In addition, the team covers Transversal Trading regulations and their implementation in Global Markets (i.e. FBL, Volcker, Best Execution, Short Selling and Algorithmic Trading) and the TRS and XVA businesses in EMEA.
The Director role is responsible for co-coordinating and overseeing a range of activities to ensure they are effectively maintained and coordinated and aligned with the Bank’s procedures, guidelines, and expectations.
The role's focus will be on providing expert advice on the DEC business and supporting other team members on the Prime Services activity. However, all Markets Advisory Compliance officers are expected to gain experience of the full range of businesses covered and roles over time and the assignment to specific teams may change over time.
The role encompasses four main themes:
Advisory – advising the business on Compliance topics for day-to-day queries, participating in relevant approval and governance committees regarding transactions, businesses, or regulatory topics.
Training & Awareness – Designing and delivering training on relevant rules and regulations applicable to the Global Markets businesses and undertaking regular induction and refresher training.
Regulatory – Being knowledgeable about regulations that impact the business and implementing measures to ensure adherence. Providing input into policies and procedures. Interfacing with regulators.
Risk & Controls – reviewing and challenging the business on the adequacy of risk controls, providing markets expertise in the Risk Assessment, independent testing, control plan and IG review processes.
Managing – Ability to manage a small team, supporting and developing team members.
Key responsibilities
For businesses in the area of coverage:
• Act as a senior point of contact for desk heads and senior business heads in the area of coverage, maintaining constructive dialogue and able to challenge while providing expert advice and guidance on a range of compliance and regulatory topics that impact their business.
• Manages compliance projects and/or manages the compliance input into business wide projects involving other teams or global team members.
• Identify and highlight risks to be presented at forums on governance, conduct and controls (C&E Board, CORe, ICC, etc)
• Manage and prepare the compliance contribution, gathering input from others where necessary, for approval processes for new businesses or transactions in the business area of coverage and present the compliance position for some topics. (TACs/NAC, AAPs, ICSCs).
• Manages and participates in the assessment of risks and controls for Risk Assessments on MI, PIC, and PE topics in the business area over coverage.
• Provides expert compliance input, identifying risks and risk mitigants, in the area of expertise and on strategic initiatives in the Global Markets business.
• Oversees and provides management information and reports within the time-frame requested in order to support the Head of Markets Compliance in the management reporting requirements.
• Delivers Compliance training to senior stakeholders in the Business on specific topics and develop training materials on rules, regulations or best practices for compliance or conducts teams (ACE training Conduct Handbook, Dilemma training, etc)
• Drafts Compliance Policies and Procedures for review to guide the Business and meet regulatory requirements Manages their maintenance and ensures their accuracy and clarity.
• Participates in and contributes to meetings with Inspection Generale in missions related to the area of coverage, providing input on the business and team processes.
Requirements
- Professional qualifications and understanding of the listed derivatives and OTC clearing businesses.
- Excellent knowledge of compliance, legal, regulatory or risk topics that impact the DEC listed derivatives business in EMEA as well as Equities business more generally.
- Knowledge of the compliance, legal, regulatory or risk topics that impact the:
o Listed derivatives businesses in the US and APAC;
o OTC clearing activity; and
o Prime Services, and FXPB businesses.
• Excellent analytical skills demonstrated ability to think strategically and a good understanding of business strategy to identify resulting risks.
• Demonstrated ability to design and develop strategic ideas and gain colleague and manager support on projects.
• Excellent relationship management skills and the ability to engage with and explain complex compliance topics to stakeholders across the business.
• Some experience or potential to manage small teams. Able to implement management best practices and able to identify areas for improvement and develop teams.
• Able to investigate and understand complex topics and help drive decisions with management.
• Strong influencing skills including the ability to present technical concepts and complex material to senior stakeholders.
• Ability to use experience and skills to coach and support other team members.
• 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 with the Markets Compliance and other Compliance teams globally to actively promote a “One Compliance” voice to the Business and stakeholders.
• Conduct role model acts with honesty and integrity.
• Good organisational skills and able to manage workload.
• 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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