We are looking for

Vice President – Americas Control Room Compliance Officer

Apply REF: COM002168
Description - External

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 68 countries, with more than 193,000 employees.  The Bank offers a comprehensive range of banking, investment and financial services solutions through two core businesses: Corporate & Institutional Banking and Retail Banking and Services (comprised of Domestic Markets and International Financial Services).

In the United States, BNP Paribas has built a strong and diversified presence to support its client base. The bank employs nearly 14,000 people and has had a presence in the country since the late 1800s in major cities including New York, Chicago and San Francisco.  

BNP Paribas’ Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services.  

BNP Paribas Asset Management is the asset management arm of BNP Paribas, one of the world’s foremost financial institutions, and offers high value-added solutions to individual savers, companies, and institutional investors.

Bank of the West, our retail banking and services affiliate, serves more than 2 million individuals and small- and medium-sized businesses through a network of around 500 branches and business centers across the U.S.

We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

BNP Paribas The Bank for a Changing World. - www.cib.bnpparibas.com

Business Overview:

Market Integrity centers on the idea that markets, which are corrupt and inefficient, are unattractive to investors. Regulators, law enforcement, exchanges, financial institutions, and investors all rely on the orderly operation of financial markets in order to provide a foundation of economic growth and efficient access to capital. The violation of these principles can cause severe disruptions in investor confidence and ultimately threaten the stability of the financial system. The Americas Control Room (“Control Room”) is a part of the Market Integrity Group within the Ethics and Compliance Department, which provides transversal support to all of the business functions performed by BNP Paribas in the Americas. The Control Room implements policies and procedures reasonably designed to prevent the misuse of material non-public information. It is mandated to monitor and control the flow of inside information within BNP Paribas Americas and amongst various legal entities which, in addition to the United States include: Canada, Hispanic Latin America (“LatAm”) and Brazil. Legal BNPP entities which fall under this purview include Bank of the West, BNP Paribas U.S. branches, agencies, representative offices, CIB Canada, CIB LatAm and Brazil, and CIB U.S. 

Candidate Success Factors:

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

  • Results and Impact
  • Leadership and Collaboration
  • Client, Customer and Stakeholder Focus
  • Compliance Culture and Conduct
  • Subject Matter Expertise

Responsibilities:

Under the Market Integrity framework, the Control Room for the Americas: (1) Ensures that information barriers between public-side and private-side businesses are fully operational and robust; and (2) Enforce controls that are reasonably designed to prevent the misuse of material non-public information (“MNPI”). Key responsibilities germane to this position include, but are not limited to:

  • Maintain the firm’s Global Watch (“WL”), Grey (“GL”) and Restricted Lists (“RL”), including seeking and responding to transaction updates from global banking teams.
  • Define and implement, as necessary, restrictions applicable to sales, trading and/or research activities.
  • Communicate with the Global Control Room counterparts in managing the firms Restricted, Watch and Grey Lists; and the conflict management tool COSIMA.
  • Responsible for reviewing potential client conflicts within the Bank, and liaising with the various businesses, as necessary, to resolve any real or perceived conflicts of interest.
  • The Control Room as a whole acts as a key advisor to business groups as well as other Legal and Compliance colleagues on issues regarding Information Barriers, wall crossing procedures, sensitive information and Need-to-Know Principle.
  • Research and respond to inquiries from Global Banking and select groups within Global Markets (e.g., Capital Markets).
  • Advise Global Banking groups and select groups within Global Markets of regulatory requirements on a transaction-specific basis.
  • Primary responsibility/oversight of newly created Research platform as a result of the recent purchase of the remaining stake in Exane SA, an Investment Company located in France.
  • Coordinate Research publication activities (e.g., identification and consolidation of requisite disclosures, WL/RL impact), including training the Control Room team on the Research clearance process.   
  • Track new industry initiatives and developments, and participate in meetings concerning implementation of any new requirements.
  • Establish written guidance on the appropriate implementation of regulatory requirements, laws, rules and standards through policies and procedures and other documents such as Compliance Bulletins, Americas Control Room Guide, etc.
  • Conduct training as directed on various Compliance/regulatory topics and utilize various methods (e.g., team meetings, targeted Business Line training, and Compliance Bulletins) to educate the marketers, traders and bankers.

Minimum Required Qualifications:

  • BA or BS Degree required. 
  • Minimum of 7-10 years of experience with a financial services firm in a Control Room, which includes Research.
  • Strong knowledge of U.S. securities rules and regulations, especially those of the SEC (i.e., SEC Rule 10b-5) and FINRA (i.e., FINRA Rules 2241 and 2242).   
  • Strong ability to apply knowledge of rules and regulations to numerous types of trading and banking activities and operational arrangements in addition to interpreting the effect of new regulations on these activities.
  • Excellent interpersonal and communication skills, including writing, with the ability to interact effectively with across regions and various levels of management and maintain relationships with stakeholders.
  • Attention to detail and the ability to manage multiple undertakings at the same time and with different level of granularity, constantly keeping focus on priorities.
  • Transversal competency:
    • Analytical Ability to manage a project, Ability to conduct a negotiation, Ability to anticipate business/ strategic evolution, Ability to inspire others & generate people's commitment, Ability to develop and adapt a process.
  • Behavioral competency:
    • Personal Impact/ Ability to influence, Attention to detail/ rigor, Critical thinking, Adaptability, Active listening, Organizational skills.
  • Work effectively in a team environment and foster effective working relationships.

Preferred Qualifications:

  • Product knowledge (Fixed Income, Equities/Derivatives, etc.).
  • Prior experience with a financial services firm and/or self-regulatory organization in a compliance, audit, or regulatory related position.
  • Familiarity with PowerPoint and Excel.
  • Securities licenses preferred (Series 7, 79, 63).
  • Master’s Degree.

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

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.

Primary Location: US-NJ-Jersey CityJob Type: Standard / PermanentJob: COMPLIANCEEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 7 yearsSchedule: Full-time Reference: COM002168