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Form of workBusiness Overview:
The Regulatory Oversight & Anticipation Team, within the organization of the Chief Conduct and Control Officer of BNPP USA and CIB Americas, ensures the highest level of compliance with regulatory expectations. The team sits within the first line of defense and promotes a culture of proactivity and self-identification of potential issues to be more anticipatory of regulatory issues, advises on remediation standards across the platform, and works closely with key contacts across businesses and functions to maintain a coordinated network.
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.
Responsibilities:
- Build and manage relationships with regulatory key points of contact (Regulatory Network) in multiple businesses/functions and provide strategic guidance in-line with overall mission of the Regulatory Oversight & Anticipation team, including:
- Identify upcoming areas of regulatory focus, and advise on focus areas for self-evaluation for businesses/functions; independently lead program management for the self-evaluation exercise across business and functions; support regulatory and remediation manager with review and challenge of the self-assessment
- Assess results of soft-close and close from regulatory exams and provide guidance to support business/functions on their launch of remediation for new regulatory issues and ensure rapid mobilization of internal efforts to reduce "lag-time"
- Advise on the preliminary remediation strategy to assist the owners of the issue (e.g., Business or function) with the design & development of preliminary remediation strategy
- Review findings to assess and identify potential read-across opportunities across either A) within the same function/business within the region or B) more broadly across the organization, including at the CIB Global and Group levels
- For the scope of businesses/functions, independently research, review, and communicate industry trends and regulatory updates; coordinate with the Supervisory Relations Group, Regulatory Strategy & Policy (including the teams in Washington),, Legal, Compliance, and the regulatory representative of each line/entity to facilitate the regular exchange of information
- Support engagement with senior management locally and globally (as applicable) to receive guidance and drive accountability, including presenting to management forums, when applicable
- Ensure strong and comprehensive remediation on complex, multipart remediations and provide project management for implementation of remediation
- Perform analysis on updated and new regulations and regulatory feedback to advise on remediation strategies in order to meet regulatory expectations
- Develop subject matter expertise from business liaison perspective for applicable regulatory framework
Minimum Required Qualifications:
- 4 - 7 years of relevant industry experience, in a Regulatory, Finance, Management Consulting, or Project delivery role
- Demonstrated ability to take on leadership roles on critical projects and work with senior management
- Ability to coordinate across multiple stakeholders and business lines and functions
- Strong organizational skills and command of project management tactics
- Demonstrated ability to develop and present key messages to senior management, and executive leadership
- Ability to work independently and engage in problem solving with key internal clients
- Familiarity with the regulatory environment and regulatory bodies and understanding of banking regulations and the regulatory lifecycle
- Familiarity with industry trends and best practices
- Proficiency with PowerPoint, Excel, and formal business writing
Preferred Qualifications:
- Not Applicable
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
The expected starting salary range for this position in New Jersey is between $105,000 and $128,000 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.
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. In the United States, 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.
The bank employs nearly 6,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.
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.
