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Generalist Compliance Manager, India Bank Compliance - MI Domain Head & GM Business SPOC

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Last update 05.06.2024

Job Title:

Generalist Compliance Manager, India Bank Compliance - MI Domain Head & GM Business SPOC

Date:

May 2024

Department:

Compliance

Location:

BKC, Mumbai

Business Line / Function:

Territory Compliance

Reports to:

(Direct)

Chief Compliance Officer

Grade:

(if applicable)

Associate Director/ Senior Vice President -Compliance

(Functional)

Number of Direct Reports:

Nil

Directorship / Registration:

No

Is Associated Person (AP)*

No

*For GM, GB, ALMT, FIC, WM, Legal and Risk

 In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees1 and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships. 

Worldwide, BNP Paribas has a presence in 68 markets with more[1] than 193,000 employees. It has key positions in its three main activities: Domestic Markets and 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. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.  

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

Position Purpose

Generalist Compliance Managers support the Territory Chief Compliance Officer and Regulatory Desk on ensuring local regulatory requirements are met, including

  • Partnership with Business & Compliance Domain Heads: Partner and collaborate closely with the other Compliance Domain Heads to provide SME support on regulatory topics, in order to support clients, business strategy and growth, whilst ensuring internal policies and regulatory requirements are fulfilled. Specifically, this position is for a senior role with expertise in Global Markets & ALMT domains with primary responsibility for the Market Integrity Domain within BNP Paribas’ Compliance structure.
  • Transformation & Industrialisation: Own and manage Regulatory responsibilities for the Bank, including related systems / utilities managing, deployment and monitoring, and actively look for opportunities to enhance/industralise the Compliance operational framework for the Bank and GM/ALMT business.
  • Active Supervisory Engagement & Risk Management – plan and facilitate regular/periodic engagement with regulators by Compliance, CEO and GM business heads (as needed) to ensure adherence to regulatory expectations and continue advocacy efforts to help protect the Bank/Group franchise from existing and emerging Compliance risks. Act as primary SPOC for all inspections and queries for GM.

Responsibilities

Direct Responsibilities

  • Partnership with Business & Compliance Domain Heads:
    • Independent handling of Global Market & ALMT compliance topics with specific expertise in Global Market & ALMT product suite.
    • Assist with Regulatory Advisory to Business and Functions
    • Provide transversal regulatory watch and monitoring of regulatory evolutions that have an impact of the business’ or operations’ activities within the Bank/Territory and follow the general principles (the “Regulatory Watch Best Practices”) of the regulatory watch process. These include but not limited to (i) identification (and update where needed) of appropriate regulatory watch sources; (ii) having a process in place for regular monitoring of such sources; (iii) communication on relevant regulatory watch developments to all necessary stakeholders.
    • Local Compliance Regulatory Office acts as local text identification leaders (“Leader”) for Compliance and can be assisted by potential contributors (local or regional – such as Regional Compliance domains, who can contribute to high level impact assessment and determination of concerned operating entities).
    • Partner and collaborate closely with the Compliance Domain Heads to provide SME support on regulatory topics and ensure relevant circulars/guidelines/advisories related to their respective domain are duly discussed and understood
  • Regulatory/ Supervisory & Industry Engagement
    • Build strong working relationships at the relevant levels across regulators – RBI, SEBI, other Banking industrial bodies / quasi-regulators such as IBA, FEDAI, FIMMDA etc.
    • Maintain an annual calendar of regulatory meetings for Compliance to support advocacy and supervisory engagement efforts and ensure meetings duly logged and any action items followed-up on and closed. 
    • The Head of Regulatory Desk will also be required to attend meetings with Regulators, Quasi-regulators and Banking industrial bodies from time to time
    • Connect with industry forums and other Banks’ compliance officers to better understand industry trends, peer practice on management of existing Compliance risks and assessment of emerging risks.
  • Governance
    • Operate APAC Territory Compliance Committees (“TCC”) or any other Cross function committee (such as Bank Compliance Committee, BCC) to cover key regulatory watch topics and to decide on appropriate measures to be taken (e.g. launch of regulatory projects) and to monitor their implementation.
    • Conducting and participating in various statutorily required committee meetings, including coordinating MANCO as meeting secretary.
    • Review of, and participation in TAC / NAC proposals
  • Ensure adherence to AML / FS-related Group policies/ local regulations and execution of associated controls (if any) and to promptly escalate any resulting assessment to the relevant authority / central FS team for necessary action being control function 2LOD.

Contributing Responsibilities

  • Act as a back-up to roles suggested and support in other areas of Compliance activities  - as assigned by CCO
  • Assist Head of Compliance in special assignments / projects

[1] excluding partnerships


Technical & Behavioral Competencies

  • High level knowledge of various regulatory guidelines under Banking Regulation Acts, RBI, FEDAI, FIMMDA, & SEBI guidelines with expertise in Global market & ALMT regulations
  • Expertise in various regulatory guidelines of Global Market & ALMT products and other local regulatory areas with experience of independent handling of regulatory / internal audits with an ability to ensure a logical closure.
  • Experience on independent handling of regulatory/internal reports, dissemination of notifications
  • Network within the industry/peer banks/industrial bodies and with regulatory bodies will be an advantage

Skills Referential     

Behavioural Skills:

Adaptability

Communication skills - oral & written

Ability to synthetize / simplify

Ability to deliver / Results driven

Transversal Skills:

Analytical Ability

Ability to develop and leverage networks

Ability to develop and adapt a process

Ability to understand, explain and support change

Ability to manage / facilitate a meeting, seminar, committee, training…

Education Level:

Master Degree or equivalent (>4 years)

Experience Level

At least 12 years

Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

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