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
Financial Markets Compliance Advisory provides clear advice and challenges to Global Markets and ALM Treasury in relation to their business activities, while reinforcing a strong Compliance Permanent Control and Risk culture, ensuring the implementation and management of relevant regulations and global policies.
Transaction Reporting Practice
The team has a Group scope and sits within Compliance CIB and reports to the Global Head of Financial Markets Compliance as this is where the majority of the Transaction Reporting business activity resides. The team is split across London and Paris and is growing to provide effective coverage of this complex topic.
The Transaction Reporting Practice maintains regulatory expertise to provide a point of contact globally on the regulations in scope (e.g. EMIR, SFTR, MIFID). The Practice also interacts with the main regulators in Europe regarding BNPP reporting activity or support local Compliance teams in their engagement with regulator.
There are four main themes:
Advisory – advising the business and 1LoD stakeholders on Compliance topics for day-to-day queries and participating in relevant approval and governance committees regarding Transaction Reporting.
Regulatory – Being knowledgeable about regulations in scope that impact the business and implementing measures and set guidance to ensure adherence. Providing input into policies, procedures, and Business Requirement Documents. 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
Training & Awareness – Designing and delivering training on relevant rules and regulations applicable to the Global Markets businesses and undertaking regular induction and refresher training.
Job purpose
The role will be responsible for covering post-trade Transaction Reporting. This will be part of the Transaction Reporting Practice, a team split across London and Paris, providing Compliance support to Front office, Operational and Compliance teams across CIB and the Group, with a strong focus on Global Markets, on all matters relating to Transaction Reporting.
Topics will include providing advice on the latest regulations (both global and local); input and opinions into Business approval committees (TAC/NAC etc); participation in the bank-wide remediation programme; check and challenging 1LoD KPIs and related actions, dealing with a large number of stakeholders across the bank (IT and Operations, Internal Audit, Senior Management in Compliance and the Business), and interaction with regulators.
The role holder will need to have a good technical and practical knowledge of the Transaction Reporting subject, risk mitigation or audit methodology and the ability to quickly apply that to the BNPP organisation. The candidate will be required to work closely with the relevant business Advisory teams (in London, Paris and globally), other Compliance and various 1LoD functions (operational control teams, MO, IT, etc.).
Key responsibilities
• Check and Challenge 1LoD analysis, controls results and related corrective actions.
• Challenge the Business and Functions on the adequacy and effectiveness of their risk controls and supervisory framework around Transaction Reporting, leveraging the input of management as necessary.
• Provide Compliance advice and guidance on all matters relating to Transaction Reporting including:
o Input & opinions to Business Approval Committees (TAC/NAC etc)
o Support for ongoing remediation programmes and incidents
o Regulatory change management
o Engagement with Regulators as required (FCA, AMF etc)
o Business As Usual (BAU) queries on transaction reporting requirements and regulations
• Produce detailed and high quality output (ie reports, training material, policies/procedures)
• Provide Compliance training to the Business where required and help design training on rules, regulations or best practices, in coordination with 1LOD and other Compliance teams.
• Establish and develop good working relationships with the business members, ensuring they understand the rules, regulations, policies and procedures so they are able to manage their risks.
• Demonstrate understanding of the Business strategy and identify potential risks proactively and positively to protect the bank.
• Manage confidential and sensitive information.
• Provide management information and reports within the timeframe requested.
Requirements
• Technical and practical knowledge/experience of controls or audit topics.
• Knowledge of the key regulations pertaining to Transaction Reporting (e.g. MIFIR, EMIR, SFTR).
• Excellent presentation skills (both written and verbal) and experience of dealing with Senior stakeholders.
• Strong team player, who works collaboratively with the Markets Compliance and other Functions or Compliance teams globally to actively promote a 'One Compliance' voice to the Business and stakeholders.
• Sound judgement and ability to deal with high pressure situations.
• Ability to manage varied workloads, prioritise work and meet deadlines.
• Strong analytical and communication skills (both written and verbal) and knowledge of Word, PowerPoint, Excel and SharePoint.
• Sound knowledge of products and market practices in the Financial Markets businesses.
• Experience of trading floor environment coupled with first class communication skills to interact with Front Office personnel and management and project credibility.
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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