BNP Paribas CIB, a subsidiary of the BNP Paribas group, is one of Europe's leading providers of custody services for securities.
The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.
To support its current growth, BNP Paribas CIB is looking for a:
SENIOR COMPLIANCE PERMANENT CONTROL OFFICER (M/F)
Permanent Position
REPORTING LINES
:
Hierarchical reporting: BNPP SA Luxembourg Chief Compliance Officer (CCO)
INTERACTIONS
:
BNPP SA Luxembourg Chief Compliance Officer, Authorized Management, Business Teams, Conduct Teams, OPC, Risk, CIB Compliance and Domains, Territory Compliance in Luxembourg, transversal teams, BNPP SA Client Service Luxembourg coverage teams, BNPP SA Luxembourg KYC teams.
Under the authority of the Chief Compliance Officer, the compliance permanent control officer contributes to ensuring that BNP Paribas SA Luxembourg control framework complies with the Group rules and the Luxembourg regulations in force, as regards the main Compliance domains: the prevention of money laundering, fight against corruption and terrorism financing, compliance with sanctions and embargoes, market integrity, protection of clients’ interest and Professional Ethics.
This includes:
• Deployment and implementation of Compliance permanent control framework including LOD2 controls and independent testing and follow-up of concrete action plans in line with the Group methodology.
• Deployment and/or adaptation of Compliance policies and procedures.
• Reportings to the relevant stakeholders.
• Exchanges with internal and external auditors, and supervisors.
The scope of activity covers the different activities of BNPP SA in Luxembourg.
DEFINITION OF RESPONSIBILITIES
For the entity and scope under his coverage, the Compliance Permanent Control Officer contributes to the following mission:
• Contribute to the implementation of an efficient compliance framework and its permanent evolution and progress.
• Enforce compliance rules consistent with Group Compliance requirements and in line with applicable laws and regulations.
• Provide reasonable assurance to Global Head of BNPP SA Compliance, and BNPP SA Luxembourg CEO as well as to BNPP SA Luxembourg governance bodies and regulators that up-to-date policies and procedures, and adequate compliance set-ups are in place and applied within the entity.
The main purposes of the compliance framework are:
• To detect any risk of non-compliance with the professional obligations applicable to the entity; and
• To take any measures to minimize the consequences of non-compliance by BNPP SA Luxembourg with its professional obligations.
MAIN ACTIVITIES
• In terms of advice
o Contribute to define the organisation and governance of the compliance framework
o Contribute to provide support and guidance to the business and OPC in a proactive manner and when needed or requested (e.g., control plan performance, risk assessments, audits)
o Deploy the Compliance LOD2 controls and independent testing
o Present, guide and follow up of control results
o Advise local teams in the conduct of their mission so that they can carry out the tasks placed under their responsibility in compliance with their professional obligations
o Contribute to adapt to BNPP SA Luxembourg, the BNPP SA corporate Compliance training policy and make sure that it is tailored to local specificities, implemented, and deliver local training
o Contribute to the relevant local and global committees
o Promote staff and management awareness on Compliance topics and contribute to develop a strong Compliance culture
• In terms of supervision
o Deploy a consistent compliance framework (policies, controls, tools, training) within BNPP SA Luxembourg
o Contribute to update the compliance risk classification in line with business developments, Group policies...
PROFILE
7 years of experience or more in Compliance, Audit, risk Management.
SKILLS AND COMPETENCES
Very good knowledge of the banking sector and the investment fund industry
Proven record in the field of Compliance
Risk Management: capacity to analyse, assess, synthetize, issue risk opinions
Excellent written and spoken communication skills
Team work
Organisational skills
Rigour
Good English and French language knowledge in written and oral.
During the finalization of the recruitment process, the preselected candidate will be asked to provide us an extract from his/her criminal record dated less than 3 months (record N°3 for Luxembourg), according to the dispositions of the law from July 23 2016 concerning the criminal record.
