Financial Markets Compliance Prime and Platforms Advisory - Director

at  BNP Paribas

REQUIREMENTS

Professional qualifications and understanding of the listed derivatives and OTC clearing businesses.
Excellent knowledge of compliance, legal, regulatory or risk topics that impact the DEC listed derivatives business in EMEA as well as Equities business more generally.
Knowledge of the compliance, legal, regulatory or risk topics that impact the:
o Listed derivatives businesses in the US and APAC;
o OTC clearing activity; and

o Prime Services, and FXPB businesses.

• Excellent analytical skills demonstrated ability to think strategically and a good understanding of business strategy to identify resulting risks.
• Demonstrated ability to design and develop strategic ideas and gain colleague and manager support on projects.
• Excellent relationship management skills and the ability to engage with and explain complex compliance topics to stakeholders across the business.
• Some experience or potential to manage small teams. Able to implement management best practices and able to identify areas for improvement and develop teams.
• Able to investigate and understand complex topics and help drive decisions with management.
• Strong influencing skills including the ability to present technical concepts and complex material to senior stakeholders.
• Ability to use experience and skills to coach and support other team members.
• Good presentation skills, able to prepare presentation materials and deliver content.
• Able to contribute to complex projects with input from multiple stakeholders.
• Strong team player works collaboratively with the Markets Compliance and other Compliance teams globally to actively promote a “One Compliance” voice to the Business and stakeholders.
• Conduct role model acts with honesty and integrity.
• Good organisational skills and able to manage workload.
• Strong communications skills (written and verbal).
• Numerate and skilled in use of Word, Excel, and PowerPoint.

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

JOB PURPOSE

The Prime and Platforms Advisory Team is responsible for managing Compliance coverage of the Prime Services and Platforms Business Lines in EMEA, including Prime Services, Derivatives Execution and Clearing (DEC) and FXPB. In addition, the team covers Transversal Trading regulations and their implementation in Global Markets (i.e. FBL, Volcker, Best Execution, Short Selling and Algorithmic Trading) and the TRS and XVA businesses in EMEA.
The Director role is responsible for co-coordinating and overseeing a range of activities to ensure they are effectively maintained and coordinated and aligned with the Bank’s procedures, guidelines, and expectations.
The role’s focus will be on providing expert advice on the DEC business and supporting other team members on the Prime Services activity. However, all Markets Advisory Compliance officers are expected to gain experience of the full range of businesses covered and roles over time and the assignment to specific teams may change over time.
The role encompasses four main themes:
Advisory – advising the business on Compliance topics for day-to-day queries, participating in relevant approval and governance committees regarding transactions, businesses, or regulatory topics.
Training & Awareness – Designing and delivering training on relevant rules and regulations applicable to the Global Markets businesses and undertaking regular induction and refresher training.
Regulatory – Being knowledgeable about regulations that impact the business and implementing measures to ensure adherence. Providing input into policies and procedures. Interfacing with regulators.
Risk & Controls – reviewing and challenging the business on the adequacy of risk controls, providing markets expertise in the Risk Assessment, independent testing, control plan and IG review processes.
Managing – Ability to manage a small team, supporting and developing team members.

KEY RESPONSIBILITIES

For businesses in the area of coverage:

• Act as a senior point of contact for desk heads and senior business heads in the area of coverage, maintaining constructive dialogue and able to challenge while providing expert advice and guidance on a range of compliance and regulatory topics that impact their business.
• Manages compliance projects and/or manages the compliance input into business wide projects involving other teams or global team members.
• Identify and highlight risks to be presented at forums on governance, conduct and controls (C&E Board, CORe, ICC, etc)
• Manage and prepare the compliance contribution, gathering input from others where necessary, for approval processes for new businesses or transactions in the business area of coverage and present the compliance position for some topics. (TACs/NAC, AAPs, ICSCs).
• Manages and participates in the assessment of risks and controls for Risk Assessments on MI, PIC, and PE topics in the business area over coverage.
• Provides expert compliance input, identifying risks and risk mitigants, in the area of expertise and on strategic initiatives in the Global Markets business.
• Oversees and provides management information and reports within the time-frame requested in order to support the Head of Markets Compliance in the management reporting requirements.
• Delivers Compliance training to senior stakeholders in the Business on specific topics and develop training materials on rules, regulations or best practices for compliance or conducts teams (ACE training Conduct Handbook, Dilemma training, etc)
• Drafts Compliance Policies and Procedures for review to guide the Business and meet regulatory requirements Manages their maintenance and ensures their accuracy and clarity.
• Participates in and contributes to meetings with Inspection Generale in missions related to the area of coverage, providing input on the business and team processes.