The bank for a changing world

We are looking for

Senior Compliance Officer (Transversal Sales Compliance Focus)

Apply REF: COM001873

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 17,000 employees* 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 73 markets with more than 196,000 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.

BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you’re valued as part of the team.

* excluding partnerships

Position Purpose
This is a key role in the Regional Global Markets/ALMT Compliance Governance Model and a senior member of the regional Compliance team.

Support the Regional Head of Compliance, the Regional Head of Global Markets/ALMT Compliance, coordinate all Transversal Sales advisory-related activities and action plans closely with various dedicated Global Markets Compliance teams in the region.

Responsible for closely liaising with and keep regularly informed the relevant Global Markets business seniors, and country compliance heads in relation to Transversal Sales Compliance activities with particular focus on WMFO (Retail Structured Products), Cross-Asset Sales (CAS) and Strategic Equity.

Act as the GM Transversal Sales Compliance central point of co-ordination for various regional projects on Global Markets side.  This position will also act as one of the main Compliance contact point for the implementation within Global Markets of local, regional, and global projects, reform initiatives in the area of sales in particular. He or she will spearhead regional training initiatives aimed at maintaining consistently high levels of front office proficiency in relevant rules and regulations, codes of conduct, and particularly the laws and regulations governing the bench marking activities and various remediation requirements for APAC Global Markets business.

Customers include all relevant staff; business and functional heads and teams in North Asia, within Global Markets Department; and various regulatory authorities in North Asia.

Key Responsibilities
Specifically, in the GM (FI/ALMT) Compliance APAC team, he/she will:

• Be accountable for the GM APAC Transversal Sales Compliance program
• Complete risk assessments and coordinate resources to perform the 2LOD role for the perimeter – GM Transversal Sales Compliance.
• Work closely with the GM Transversal Compliance Office (TCO) team to deliver on key transversal projects to the benefit of the perimeter.
• Compliance lead for Retail Structured Products (WMFO), Cross-Asset Sales and Strategic Equity.
• Monitor the changes and development on relevant new laws, rules and regulations
• Liaise with local regulators and handle regulatory inquiries, audits, inspections, questionnaires and surveys
• Handle local compliance issues, incident, and breaches in conjunction with various internal parties, where necessary, and prepare various MIS and incident reports
• Prepare and update local compliance policies and procedures
• Participate in various local compliance projects in relation to Global Markets Compliance
• Review new business and product proposals or transactions; and approve in accordance with delegated authority
• Respond promptly to enquires on compliance related maters
• Assist in the management of its compliance program, such as review of marketing documents, conflicts identification and mitigations, assist in compliance desk reviews, follow through of trade surveillance alerts
• Periodic review, update and introduction of Compliance policy and procedures to ensure continuing relevance; and providing guidance, interpretation and direction to stakeholders.
• Assist stakeholders and compliance team to keep abreast of regulatory developments and in the  interpretation of regulatory changes and their likely impact on the business and its processes, procedures, controls and products (gap analysis)
• Assist in the execution of monitoring and control systems in place operate effectively so that compliance related issues are readily identified and remedial actions implemented in order to minimize risk, and taking appropriate steps to improve its effectiveness
• Assist in the production of periodic MIS and KRIs/KPIs as required
• Assist in the organization, administration and provision of compliance training for new employees and as well as on-going training for all employees
• Ad hoc requests such as participation in specific projects, as directed from time to time by the Head of GM Compliance APAC or Head of MI/FM Compliance, APAC

Competencies (Technical / Behavioral)
The incumbent will have knowledge in most if not all of the following areas:
Transversal Sales compliance-relevant topics focused on Protection of Interests of Clients including Suitability and Appropriateness, High Margins, Dealing with Client Complaints, Cross-border Sales, KYC issues, Marketing Materials
Retail Structured Products, Cross-Asset Sales
Strategic Equity

Strong analytical and problem solving skills.  Willing to learn, tenacious, hardworking and enthusiastic.  The candidate must possess good communication and social skills to be a team player and work with all levels.  Independent minded, with good command of written and spoken English.  Sound knowledge of Word, Excel and PowerPoint. Familiarity with legal documentation for structured products is a significant benefit.

Specific Qualifications Required
Education: Undergraduate Degree

Experience:  A minimum of 10 or more years of experience in the Compliance department of a financial institution, with knowledge of Global Markets Transversal Sales Compliance issues as set out above. Possess an excellent knowledge of HKMA/SFC requirements (eg PI classifications, Structured Products Code) and their practical application.

The candidate should be a senior professional with regulatory and related industry experience.  This will entail sufficient experience and a good understanding of the regulatory environment and the key challenges and developments which the business as well as the wider industry faces.

Primary Location: HK-Hong Kong (HK)-Hong KongJob Type: Standard / PermanentJob: COMPLIANCEEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 10 years Reference: COM001873