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BNP Paribas · 1 day ago

Vice President - Senior Swap Dealer Compliance Officer

Jersey City, NJ

Full-time

Onsite

Mid, Senior Level

$115K/yr - $200K/yr

5+ years exp

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. They are seeking a Senior Swap Dealer Compliance Officer to oversee compliance programs for Swap Dealer rules, monitor regulatory developments, and advise on the implementation of regulations in the Americas region.

BankingConsumer LendingFinancial ServicesInnovation ManagementWealth Management

Responsibilities

Provide coverage as and when required of senior management meetings (for example; Swap Dealer Operating Committee, Swap Dealer Management Committee, Sec Corp CEO monthly meeting) at the direction of the Head of GBR U.S

Act as subject matter expert for all matters relating to the Swap Dealer

Participates in the preparation, and timely filing, of various swap dealer reports, including NFA Member Questionnaire, Annual CCO Report, Risk Exposure Report and NFA Monthly risk report (as needed)

Serve as additional regulatory compliance contact for the CFTC and NFA on certain complex inquiries, audits and enforcement actions

Notify management immediately of any identified regulatory risks, and deliver all work product in a timely manner

Monitor and analyze proposed and final rules promulgated by U.S. financial regulators

Represent BNP Paribas in industry working groups dedicated to advocacy, interpretation and implementation of new and proposed regulations

Assess the impact of new rules and regulations to existing policies in the U.S. and overseas, and work with local and global implementation teams to implement regulatory change

Provide regulatory guidance to local and overseas management, business lines, and functions, and on regulatory risks and challenges through the evaluation of regulatory developments, bring relevant expertise and provide advisory services to the Business Lines and Group Control Functions on the above regulations

Advise the Business Lines and Functions on registration requirements for existing and proposed activities

Draft and adapt Group policies, procedures and guidelines to reflect any change in regulations or processes, reasonably designed to support compliance with applicable regulatory obligations, corporate requirements and industry best practices

Participate in the development and implementation of strategic initiatives if required

Contribute to build and deploy Level 2 permanent control capabilities, advise and assist (as needed) Compliance Review Team efforts in their testing of first- and second-level controls related to in-scope regulations; contribute as needed the risk assessment at Group and business unit levels in coordination with relevant internal and external parties as the case may be

Contribute to the deployment of a robust training plan at Group level and definition of the standards in conjunction with GBR training referent HR partners. Develop training materials and provide training to other compliance advisors, the business and key functions

Facilitate audits and controls by level 3 control teams (Inspection Générale) and external regulators

Contribute to responses to external regulators, both on a regular basis as per legal requirements, and upon request

Contribute to any internal reports and regional governance required within the Group (e.g. CIRCC, ComEx, Management Committees and Board meetings)

On a case-by-case basis, provide Advisory services to the Business for specific new transactions or activities for which LEGAL, RISK and/or Compliance desk advisory teams require definitive GBR position and/or require a supporting second opinion

Participate in the Business Line governance as needed and cascade of review meetings if agreed with the business lines (ex: sub-ICC participation within CIB)

Qualification

Investment banking experienceUSInternational G10 regulationsVolcker Rule complianceRegulatory compliance expertiseProject management skillsInterpersonal skillsCommunication skillsTeam playerWork ethic

Required

5-10 years investment banking experience with a broker-dealer, swap dealer, and/or related legal or regulatory experience (e.g. Former Securities and Exchange Commission)

Working knowledge of US and International G10 regulations in the area of structural bank reform and OTC derivatives; ability to provide oral and written advice on the go

Strong capabilities to spot and anticipate issues when reviewing the Risk Assessment and Internal Control plans

Strong organizational and project management skills (documentation, issue tracking, effective coordination). Ability to frame and document complex issues in order to prepare for senior managers decisions

Strong interpersonal skills in order to foster collaboration within the team and with key partners: Legal, other Compliance teams and departments, Risk-ORM, operating perimeters and other control functions

Strong communication skills with the ability to communicate clearly and succinctly on complex and possibly sensitive topics to C-level managers in the BNP Paribas regional and central organization

Keen sensitivity to risks; rigor and independence in addressing those risks

Strong work ethic and Compliance mindset; integrity and an ability to work autonomously

Strong team player

Preferred

JD or MBA, with preference to Business or Finance majors

5+ years of relevant experience in a Swap Dealer Compliance office position or similar role in Compliance/Legal or Risk departments covering above-referenced regulations

Working knowledge of Volcker Rule requirements, and experience overseeing a Volcker Rule compliance program