Vice President - Financial & Regulatory Control Program Analyst

Business Overview:

As 2nd Line of Defense function and delegated by the Intermediate Holding Company (“IHC”) Audit Committee, Sec Corp. Board of Directors, and management, the Finance Control Group (“FCG”) is responsible for assessing an Internal Control for Financial Reporting (“ICFR”) and Internal Control over Compliance (“ICOC”) process (collectively US Broker Dealer Regulatory Controls). Main aspects of the program are to:

• Perform risk identification and assessment over financial statements (ICFR) and regulatory reports (ICOC)
• Conduct walkthrough, tests of design and tests of operating effectiveness over in-scope process and controls
• Conduct spot controls on a periodic basis
• Assess and communicate to relevant parties control exceptions and deficiencies identified during the testing
• Collect the relevant data and prepare presentation material to various committees, including management and Board committees
• Coordinate the 17a-5 Broker Dealer with external auditors serving as a key point of contact and Subject Matter Expert to help expedite the audits

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work. 
  • Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus: 
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level. 
• Compliance Culture and Conduct: 
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities: 

For this position, specific responsibilities will be to assess the organization for internal control of the various requirements for broker-dealer specific regulatory reporting. In addition to these responsibilities, she/he will be required to coordinate and contribute to the SEA 17a-5 and IHC ICFR FCG’s control programs and monitor the Control Framework to comply with U.S. local regulatory requirements.

Operationally, and as part of the Finance Control Group, for all aspects of control programs related to 17a-5 broker-dealer regulatory reporting requirements, key duties / elements of the work include the following:

• Coordinate with U.S. local and oversea teams to execute control programs in accordance with SEA 17a-5 and COSO requirements.
• Enhance the local regulatory control framework by assisting Broker Dealer & Global Market Operations teams to identify and document controls in place or to be implemented 
• Perform risk assessment and identify key controls in accordance with the U.S. local regulatory requirements such as SEA 17a-5 and COSO control framework
• Identifying key processes, risks, and controls surrounding ICFR, broker-dealer regulatory reporting
• Performing walkthrough, reviewing risk and control matrices, and assessing control gaps, if any
• Coordinating with other team members (including those from offshore testing center and other control units) and contributing to tests of controls, and assess and communicate control findings to managers
• Identification of control weakness/control gap and suggestion/implementation of solutions
• Coordination with Control / Process Owners, and other stakeholders regarding control documentation, testing, and evaluation.
• Coordination with external auditors for both a reliance program, where FCG’s testing work papers are relied upon in lieu of detailed independent testing from the auditor, and streamlining information sharing to satisfy annual audit requirements

• Collecting data and preparing presentation material for various committees, including management and Board committees

Minimum Required Qualifications:

• Bachelor’s degree in accounting or finance degree
• 10 years of experience in public accounting; big 4 experiences in banking and capital markets; or equivalent experience in an internal control team of an international financial institution.
• Good understanding and knowledge of SEA 17a-5 and/or SOX requirements 
• Solid understanding of Global markets activities, including financial instruments, and developed skills in analysis of business supporting processes from an accounting control perspective
• Strong organizational skills, rigorous, and self-disciplined
• Attention to detail and commitment to maintaining a strong control environment
• Good communication skills (i.e. writing, listening, presentation)
• Advanced technical skills (i.e. MS Word, Excel, PowerPoint)

Preferred Qualifications: 

• Certified Public Accountant (CPA), or equivalent certifications

FINRA Registrations Required:

• Not Applicable 

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): 

• Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable 

While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted.

The expected starting salary range for this position is between $120k to $175k annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential. 

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

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