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We are looking for

Vice President – Public Policy and Strategic Regulatory Analysis

Job type Permanent
Schedule Full time
Brand BNP Paribas Asset Management
Level of experience 3 to 5 years
Apply REF: PUB000007

Business Overview:


BNP Paribas has built a strong and diversified presence in the United States to support its client base. The bank employs close to 14,000 people and has had a presence in the USA since the late 1800s. Bank of the West serves over 2 million individuals and small & businesses through a network of around 600 branches and business centers. Large corporate and institutional clients are serviced by BNP Paribas’ Corporate & Institutional Banking franchise that has a presence in the main U.S. cities, in addition to a global reach through a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Asset Management as well as Real Estate and Fleet Services through partnerships


BNP Paribas’s effectiveness in building sound corporate governance, building strong relationships with key regulators and other government officials, managing successful regulatory exams, and building a reputable public identity in the regulatory sphere are crucial to the bank’s success in the United States. The Regulatory Strategy and Policy (RS&P) function oversees this scope and is comprised of three linked teams, Supervisory Relations, Public and Regulatory Policy (Policy) (based in New York City), and Government Affairs (based in Washington, DC). This role will report to the Head of U.S. Public and Regulatory Policy.


 


Policy Development and Ownership:


  • Leads the development and coordination of the substance of BNP Paribas policy positions with the U.S. government and regulatory agencies

    • Coordinates the development and execution of strategic policy positions for the U.S. platform (CIB and Bank of the West (BOTW)) regarding the U.S. government, regulatory agencies, and other government officials;

    • Leverages industry intelligence and internal expertise to track and prioritize issues of focus,

    • Analyzes developments in the United States and international policy that could impact the U.S. and global platform and

      • develops early awareness on regulatory developments;

      • works across business lines, functions, and regions  to socialize information and agree on internal policy positions for BNP Paribas advocacy strategy; and

      • produces impact assessments (both quantitative and qualitative) of new U.S. regulations on BNP Paribas across business lines, functions and regions.

  • Provides strategic communications and updates to senior management

    • Drafts policy position papers, memos, speeches, operational/management committee slides/updates, and other preparatory materials for U.S. territory and Global management.

  • Coordinates with Government Affairs and Group Public Affairs

    • Coordinates political and practical viability of policy positions based upon updated intelligence, industry positions, and broader insights, as well as consistency with Group policy positions.

      Policy Coordination and Execution:

  • Comment Letters and Trade Association Policy Engagement

    • Leads and directs BNP Paribas participation in, and contributions to, all trade association comment letters on proposed regulations and regulatory actions material to BNP Paribas;

    • Leads BNP Paribas comment letters on proposed regulations and regulatory actions;

    • Serves as the conduit for the positioning of, and contribution of BNP Paribas opinions and policy positions to, the important committees established by the key U.S. and International Trade Associations (Institute of International Bankers (IIB), the Securities Industry and Financial Markets Association (SIFMA), the Bank Policy Institute (BPI), the Futures Industry Association (FIA), the International Swaps and Derivatives Association (ISDA), the Organization for International Investment (OFII), the Regional Bank Group (RBG), the European Banking Federation (EBF), and the French Banking Federation (FBF) etc.), and supports BNP Paribas Board members at these associations.

  • Advocacy Meetings

    • Partners with Government Affairs to develop engagement strategy with official sector.

  • Briefing Materials

    • Prepare memos and talking points on policy positions for meetings with U.S. government officials, trade associations, non-governmental organizations, etc.;

    • Supports work of Government Affairs by providing policy expertise and analysis;

    • Provides background commentary or on the record comments as requested, and helps craft press statements for management to advance BNP Paribas policy positions as necessary.

      Responsibilities:

      The scope of regulatory analysis covers prudential capital and liquidity requirements, market rules and infrastructure, business conducts with clients and structural regulations of interest for BNP Paribas CIB and BOTW. The hire will develop close partnerships and work in co-operation with:


  • Local and global business lines and functions (especially Global Markets, Legal, Compliance, Finance);
  • Group Public and Regulatory Policy and especially prudential affairs to assess potential extraterritorial impacts and carry out comparative works on EU vs US regulations; and
  • External trade associations and lobbying groups. 


The role will focus on Public Policy and Strategic Regulatory Analysis, to include:


  • Organizing surveillance and monitoring of proposals of new U.S. regulation applicable to BNP Paribas activities;
  • Conducting impact assessment and produce memos for senior management on new U.S. regulation in collaboration with relevant internal stakeholders. Act as the key source of expertise and insight in this regard;
  • Coordinating BNP Paribas positions and developing policy strategies on regulatory topics with Government Affairs, involving all relevant experts from business lines and functions within BNP Paribas;
  • Developing strong partnerships with senior internal stakeholders from Finance, Global Markets, Coverage, Capital Planning , Finance, Compliance, Risk and Legal among others, so as to fully understand the impact of regulations on their business strategy and provide full intelligence to them of developments in this external eco system;
  • Developing strong partnerships with senior external stakeholders from Trade Associations;
  • Supporting the DC Government Affairs function to execute the DC-based Government Affairs Washington strategy;
  • Contribution to the roll out of regulatory projects; and
  • Maintaining relationships with global peers and head office personnel covering similar topics in other jurisdictions.




Minimum Required Qualifications:

  • At least 5 to 7+ years of professional experience, during which time, the candidate was able to acquire a good knowledge of banking;
  • Master or equivalent degree in Public Policy, Law, Finance, Economics, Accounting, Business Administration or other related field of study;
  • Experience in financial/business/legal analysis is required;
  • Very mature verbal communication abilities and strong writing abilities; 
  • Strong coordination skills and comfortable with teamwork; and
  • Strong Word, Excel and PowerPoint skills.

Preferred Qualifications:

  • Prior public policy experience in the private sector, trade associations, or government, with demonstrable results in shaping outcomes would be a strong advantage; and
  • Existing industry (financial sector and / or DC eco-system (legislative or regulatory agency)) relationships would be an advantage; and
  • Experience in one or more of the following regulatory areas – market regulation (i.e., derivatives, securities), prudential regulation (i.e., capital, leverage, and liquidity),  commercial banking, or cybersecurity, or from within a public policy and regulatory affairs role or gained from experience within an economics, capital planning, trading floor strategy, financial control, risk, government, legal or trade association environment.

FINRA Registration:

  • 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-NY-New YorkJob Type: Standard / PermanentJob: MISCELLANEOUSEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 5 yearsSchedule: Full-time Behavioural competency: Attention to detail / rigorTransversal competency: Ability to develop and adapt a processReference: PUB000007