Business Overview:
The US/Americas ITO CCO (Chief Control Office) department covers the following areas: IT & Cyber GRC (Governance, Risk and Controls), 1LOD Reviews, Program Management, ITO Chief Data Office, and Voice and Record Keeping Program. As part of CCO team we ensure:
- The management of governance, risk, and controls for the key IT & Cybersecurity activities
- The oversight of all IT & Cybersecurity internal and external audits, and regulatory examinations
- The predictive sustainability management of the control framework
- The ITO data management of record keeping and disposal, trade regulatory reporting and voice & e-Com record keeping
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.
This is a role with in CDO (Chief Data Office) team, part of CCO (Chief Control Office) organization.
At CIB ITO, data is a strategic asset at the heart of the business operational activities. An increasing regulatory framework requires high quality standards, deep understanding of the business workflows, robust audit trails and advanced data infrastructures.
The ITO Chief Data Office is looking to reinforce the team with a NA Regulatory Reporting lead, reporting directly to the ITO CDO locally and to the global head of Records and Regulatory Reporting Office (3RO) functionally.
The Regulatory Reporting Office, organize transaction regulatory reporting for global markets and address its inherent risks as part of its first line of defense role.
The team is at crossroads between regulations and trade processing, and work on daily basis with business, IT, Operation and Compliance all at the same time.
The NA regulatory reporting lead will be responsible for a global team, located in NA and UK. The team covers all regulations applicable to North America on the Swap and Broker dealership. It includes but not limited to,
- CFTC / SEC Part 43 and 45
- TRACE, CAT, LOPR
This is an exposed role to senior managements and regulators. The NA regulatory reporting lead will front-run the team by providing hands-on experiences and expertise. He/She will intervene in autonomy in various situations related to the good organization of the transaction regulatory reporting.
The NA regulatory reporting lead will follow the global team organizations of work, procedures and support other members of the team less experienced in their areas of expertise.
It includes,
- Deploy the strategy of 3RO/management and commit to its objectives
- Tracking progress of the team and reports accordingly
- Being able to influence others in ITO, GM business, Compliance and Industry peers
- Represents 3RO in various forums and committees.
- Responsible for team governance and steering committee
Responsibilities:
- Participate to market groups with peers (ISDA, AMAFI, FSA, etc…) and run continuous follow-up on market best practices
- Interpret and transcribe regulations into Business Requirements Definitions (BRD) tailored to business workflows and data models including their respective descriptions.
- Continuous improvements by categorising and documenting the diverse reporting schemas, improve their data quality, allowing audit trail, rapid interpretations, and better frame of work.
- Records all events in management and audit tools according to their materiality
- Manage regulators requests end-to-end. This includes:
- Perform the analysis of the requests
- consult with business IT and/or Ops experts
- draft detailed and quantified responses to the regulators with oversight from Compliance
- Organise an action plan when required and coordinate it through delivery. The action plan can contain the follow-up of enhancement in the IT Regulatory reporting layer or through the broader IT Architecture, may be related to Operational processes and controls and may contain resubmission events.
- Prepare material and interface with regulators on topics of transaction reporting in ad-hoc basis and quarterly, with the support of CCCO GM
- Function as an escalation point for internal issues (Operations or IT production). This includes:
- Help the teams with the analysis of issues would it require a deeper expertise
- If considered material, coordinate, and deliver an appropriate action plan as per above.
- Manage the IT BoW priority for the regulatory reporting scope with a transversal angle
- Act as an expert in Regulatory Reporting and provide guidance and help whenever requested to all Global Market partners (New business developments, prod incidents, GM projects etc.).
- Actively participate in the delivery of major or complex regulatory reporting events or new obligations, by:
- Leading interpretation and document it as per above
- Act as “Stream Leader” when requested and coordinate delivery/action plan as per above
Minimum Required Qualifications:
- Experience: Minimum 10 years of experience
- Deep understanding of financial regulations and reporting standards, experience in regulatory interpretations
- Proven experience in large financial and international banking institutions,
- Strong analytical skills (Ability to synthesize and understand complex project or processes)
- Exposure to multi-cultural and complex international banking organizations
- Must have Exposure to data elements and process workflow in Front Office or Regulatory across asset classes.
- Experience in leading team
- Strong experience in project management and coordinating people across a wide organization spreading over multiple locations
- Clear and concise written and oral communication skills
- Attention to details
Preferred Qualifications:
- Bachelor or Master of Science / Engineering, ideally in computer science
FINRA Registrations Required:
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
SEC Security-Based Swap Dealer Associated Person:
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 $185k 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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