*Physical presence in BNPP's office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion.
This role will be hybrid, consisting of an in office and remote working component.
The expected starting salary range for this position in New Jersey is between $120,000 to $147,000 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.
Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
Results and Impact
Impacts division and influences peers and team
Demonstrates good judgement when making decisions of high complexity and impact
Relies on limited guidance for most complex decision making
Is responsible for driving outcomes which have meaningful effect on team or department
Leadership and Collaboration
Creates trust with department leaders
Acts in leadership capacity for large projects, processes, or programs for a team
Client, Customer and Stakeholder Focus
Able to build relationships with a mix of intermediate and senior colleagues or clients
Interacts regularly with management and department leaders
Demonstrates the ability to persuade and 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:
The Valuation specialist role and responsibilities comprise of the following:
Perform Independent Price Verification (IPV) processes for Global Equity products with focus on EQD Delta one, Stock Flow, Convertible bonds and illiquid methodologies.
Lead projects, implementing new processes, re-engineering and industrializing current processes. New IPV implementations for EQD.
Ensuring handover and methodology documentation on the parameter review processes are up to date and signed off by management.
Propose innovative enhancements to valuation methodologies. Implementation through consultation with and validation from local and global Risk (Risk-GM) and Financial Control groups.
Effectively manage relationships with Front Office, Trading, Research and Risk-GM.
Actively explore and identify potential synergies and opportunities for improvements across business Lines (Fixed Income, GECD, and Asset/Liability Mgmt Treasury).
Contribute to the maintenance of the matrix (market data cartography) that records the details for all parameters used in the Official PnL, ensuring that all parameters are controlled and accounted for and changes are properly authorized.
Identify major PnL events and the research the relationship with pricing and IPV.
Candidate will:
Maintaining clear and thorough records of all controls and be prepared to present and explain to audit
Ensure processes are easily transferrable to other members of the team and procedures are complete
Identify areas for personal development including finding courses / studies to advance technical and soft skills required for role
Proactively build and maintain relationships with Front Office, Risk-GM, Middle Office, Finance, IT and any other areas across the organization which will assist in furthering processes and projects based on trust, respect and professionalism.
Contribute to initiatives within the Equity Valuation function, both within the region and in other locations.
Ensure complete familiarity with and adherence to Global Policies and Procedures and raise issues to management when practices are inconsistent or unable to be followed.
Actively suggest improvements to processes based on a continual critical assessment and awareness of gaps in current controls
Minimum Required Qualifications:
Undergraduate degree in Engineering, Finance, Economics or Mathematics with high academics.
5+ years of relevant industry experience dealing with valuation and IPV.
In-depth knowledge of Equity instruments and their valuation and trading strategies.
Knowledge and understanding of options basics (Pricing/Models, Greeks, P&L effects, etc)
Excellent IT skills (mainly VBA, Excel, Python). Quick to assimilate new technology/systems and adapt into processes.
Strong written and oral communication, listening skills, including ability to concisely summarize findings and progress to management, especially in short timing under pressure.
Ability to think critically, identify gaps in current controls and suggest improvements to existing processes.
Ability to think in a control mindset, ensure all work is recorded, documented and readily available for audit.
Ability to work in a global organization and build effective relationship with other counterparts/regions.
Must be organized, accurate and attentive to detail.
Must work well both within a team and independently.
Preferred Qualifications:
Masters in Financial engineering or related graduate degree
CFA, FRM or equivalent certification
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
About BNP Paribas:
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.
BNP Paribas' Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services. As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors.
The bank employs nearly 14,000 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.
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 offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank's retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP Paribas helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
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.$120k-147k yearly9d ago
Vice President - Equity Valuation Analyst
*Physical presence in BNPP's office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion.
This role will be hybrid, consisting of an in office and remote working component.
The expected starting salary range for this position in New Jersey is between $120,000 to $147,000 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.
Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
Results and Impact
Impacts division and influences peers and team
Demonstrates good judgement when making decisions of high complexity and impact
Relies on limited guidance for most complex decision making
Is responsible for driving outcomes which have meaningful effect on team or department
Leadership and Collaboration
Creates trust with department leaders
Acts in leadership capacity for large projects, processes, or programs for a team
Client, Customer and Stakeholder Focus
Able to build relationships with a mix of intermediate and senior colleagues or clients
Interacts regularly with management and department leaders
Demonstrates the ability to persuade and 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:
The Valuation specialist role and responsibilities comprise of the following:
Perform Independent Price Verification (IPV) processes for Global Equity products with focus on EQD Delta one, Stock Flow, Convertible bonds and illiquid methodologies.
Lead projects, implementing new processes, re-engineering and industrializing current processes. New IPV implementations for EQD.
Ensuring handover and methodology documentation on the parameter review processes are up to date and signed off by management.
Propose innovative enhancements to valuation methodologies. Implementation through consultation with and validation from local and global Risk (Risk-GM) and Financial Control groups.
Effectively manage relationships with Front Office, Trading, Research and Risk-GM.
Actively explore and identify potential synergies and opportunities for improvements across business Lines (Fixed Income, GECD, and Asset/Liability Mgmt Treasury).
Contribute to the maintenance of the matrix (market data cartography) that records the details for all parameters used in the Official PnL, ensuring that all parameters are controlled and accounted for and changes are properly authorized.
Identify major PnL events and the research the relationship with pricing and IPV.
Candidate will:
Maintaining clear and thorough records of all controls and be prepared to present and explain to audit
Ensure processes are easily transferrable to other members of the team and procedures are complete
Identify areas for personal development including finding courses / studies to advance technical and soft skills required for role
Proactively build and maintain relationships with Front Office, Risk-GM, Middle Office, Finance, IT and any other areas across the organization which will assist in furthering processes and projects based on trust, respect and professionalism.
Contribute to initiatives within the Equity Valuation function, both within the region and in other locations.
Ensure complete familiarity with and adherence to Global Policies and Procedures and raise issues to management when practices are inconsistent or unable to be followed.
Actively suggest improvements to processes based on a continual critical assessment and awareness of gaps in current controls
Minimum Required Qualifications:
Undergraduate degree in Engineering, Finance, Economics or Mathematics with high academics.
5+ years of relevant industry experience dealing with valuation and IPV.
In-depth knowledge of Equity instruments and their valuation and trading strategies.
Knowledge and understanding of options basics (Pricing/Models, Greeks, P&L effects, etc)
Excellent IT skills (mainly VBA, Excel, Python). Quick to assimilate new technology/systems and adapt into processes.
Strong written and oral communication, listening skills, including ability to concisely summarize findings and progress to management, especially in short timing under pressure.
Ability to think critically, identify gaps in current controls and suggest improvements to existing processes.
Ability to think in a control mindset, ensure all work is recorded, documented and readily available for audit.
Ability to work in a global organization and build effective relationship with other counterparts/regions.
Must be organized, accurate and attentive to detail.
Must work well both within a team and independently.
Preferred Qualifications:
Masters in Financial engineering or related graduate degree
CFA, FRM or equivalent certification
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
About BNP Paribas:
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.
BNP Paribas' Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services. As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors.
The bank employs nearly 14,000 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.
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 offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank's retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP Paribas helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
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.$120k-147k yearly9d ago
Vice President - Chief Negotiator (Derivatives & Clearing Americas)
* Provide effective and comprehensive business support is in place for the DEC business line in New York;$215k-240k yearly38d ago
Vice President - Counsel
The Group Legal N.A., Derivatives & Structured Products team provides transactional, structural, and advisory and documentation support for BNPP's Global Market businesses in North and Latin America and Canada, including with respect to ISDA master agreements and other derivatives trading documentation.
* Physical presence in BNPP's office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion.
Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
* Results and Impact
* Impacts division and influences peers and team
* Demonstrates good judgement when making decisions of high complexity and impact
* Relies on limited guidance for most complex decision making
* Is responsible for driving outcomes which have meaningful effect on team or department
* Leadership and Collaboration
* Creates trust with department leaders
* Acts in leadership capacity for large projects, processes, or programs for a team
* Client, Customer and Stakeholder Focus
* Able to build relationships with a mix of intermediate and senior colleagues or clients
* Interacts regularly with management and department leaders
* Demonstrates the ability to persuade and 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:
* Provide legal advice to front office personnel in the Global Markets division of BNP Paribas in relation to standard and bespoke derivatives transactions, primarily in the Credit, Rates and Foreign Exchange asset classes.
* Act as primary legal advisor to the Foreign Exchange Prime Brokerage business in the Americas, including drafting and negotiating FX prime brokerage agreements and give up agreements.
* Analyze derivatives trading-related legal and regulatory issues, including closeout netting, ERISA, 1940 Act requirements, applicability of various U.S. and cross-border regulations, including Dodd-Frank and Margin Rules, trading venue agreements, closeout procedures for defaulting counterparties, and discuss related issues with internal stakeholders and clients.
* Analyze and provide advice in connection with internal approval processes for exceptional transactions, new business activities and new trading venues, including coordinating with external counsel, business sponsors and in-house lawyers in other jurisdictions.
* Draft, review and negotiate master agreements, including ISDAs, CSAs, MRAs, GMRAs, MSFTAs, Account Control Agreements and related derivatives documentation with outside clients such as investment funds and corporate end users. Develop and maintain internal policies and procedures for master agreement negotiations coordinate staffing and advise junior negotiators with respect to complex issues arising during negotiations.
* Review terms of credit agreements, inter-creditor agreements, security agreements, guarantees and related documentation for finance-linked hedging transactions, negotiate, and advise with respect to related provisions in ISDA Master Agreements.
* Maintain and update internal legal documentation database and tracking spreadsheet of open negotiations and attend status meetings and conference calls.
* Manage ad hoc projects as required.
Minimum Required Qualifications:
* JD Degree, admission to New York bar.
* At least 5 + years of law firm or in-house experience
* Experience in negotiating repurchase agreements, ISDA Master Agreements, Credit Support Annexes, MSFTAs, Account Control Agreements, as well as, related ancillary documentation including confidentiality agreements, amendment agreements and guarantee forms)
* Experience in:
* Negotiating with external clients and asset managers
* Advising capital markets trading businesses
* Client on-boarding
* Excellent:
* Negotiation, oral and written communication skills
* Analytical, organizational and analytical and interpersonal skills
* Experience handling multiple projects simultaneously
* Ability to prioritize workload, manage time efficiently while retaining attention to detail
* Work well in a fast paced environment
* Work across the organization as required and maintain high standards of professionalism in all dealings with team members and internal/external clients
* Technical:
* Microsoft Office
* Proficient in Excel
Preferred Qualifications:
* Additional experience in loan facilities, corporate banking agreements, electronic trading documentation, trade confirmations, structured derivatives transactions, and all related documentation preferred, but not required.
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:
* Yes
The expected starting salary range for this position in New York is between $215,000 to $240,000 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:
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$215k-240k yearly38d ago
Vice President - Regulatory Reporting Policy SME
The Reporting Policy Group (RPG) acts as gatekeeper for product and topic knowledge across Business Line or Group by staying current and providing interpretive guidance on new and evolving reporting rules, setting related policy and reinforcing controls with report owners. RPG serves as the primary point of contact for all questions and issues related to application and interpretation of regulatory and financial reporting rules. RPG is also responsible for developing best practices through engaging in a collaborative approach, which builds trust and buy in with key stakeholders. RPG provides advisory support as needed.
* Physical presence in BNPP's office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion. This role will be hybrid, consisting of an in office and remote working component.
Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
* Results and Impact
* Impacts division and influences peers and team
* Demonstrates good judgement when making decisions of high complexity and impact
* Relies on limited guidance for most complex decision making
* Is responsible for driving outcomes which have meaningful effect on team or department
* Leadership and Collaboration
* Creates trust with department leaders
* Acts in leadership capacity for large projects, processes, or programs for a team
* Client, Customer and Stakeholder Focus
* Able to build relationships with a mix of intermediate and senior colleagues or clients
* Interacts regularly with management and department leaders
* Demonstrates the ability to persuade and 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:
This position is responsible for performing the reporting policy function (e.g. monitoring, interpretation, training and review control of regulatory reporting rules) across regulatory reports and annual reports of BNP Paribas USA and certain subsidiaries, including Bank of the West and the related CUSO.
* Stay current on new products. Maintain / keep abreast of changes in regulations and social climate in order to assess the need for update to policy and practices. Analyze trends, gain insights to recommend changes in practices as part of continuous monitoring. Provide interpretive guidance when owners, production or business units have questions.
* Analyze and interpret new rules. Work with report owners and production groups to ensure proper implementation. Consult with appropriate stakeholders to consider and address potential implications. Set strategy for developing and communicating new rules, practices, and procedures to team members and managers.
* Develop, implement, and communicate regulatory reporting interpretations, guidelines and procedures to business partners as they raise questions on an ad hoc basis.
* Partner with legal and accounting policy teams as needed to ensure interpretations and practices are in compliance with applicable federal, state and local laws and regulations and generally accepted accounting principles.
* Provide targeted training to various stakeholders, and provide updated content for annual compliance training. Counsel, educate, and provide consultation on policies, rules and practices.
* Reinforce controls with report owners through validation and review of reports.
* Provide subject matter expertise to other stakeholders during remediation of examination / audit findings, MRAs and MRIAs when the cause was related to a misinterpretation of a reporting rule.
* Ensure ability of regulatory results to reconcile to other reported values (including U.S. GAAP-focused reporting outputs).
* Liaise with the department, business units, Finance Technology team and Corporate IT on an ongoing basis for project and ongoing responsibilities.
* Participate in industry trade working groups.
* Perform other duties as assigned.
Minimum Required Qualifications
* Minimum of 7 years' experience in similar role in a large and complex financial company
* Subject matter expertise in bank regulatory reporting with experience in leading and implementing regulatory changes in a large / complex organization
* Subject matter expertise in Basel / regulatory capital rules
* Extensive knowledge of financial products (e.g., securities, derivatives, loans, deposits, SLAB, etc.)
* Strong knowledge of bank holding company financial reporting
* Experience establishing policies and procedures and implementing large scale reporting changes.
* Excellent communication skills, both written and verbal
* Bachelor's degree in Accounting or Finance required
Preferred Qualifications;
* Master's degree in Accounting or Finance or equivalent
* Experience in internal or external audit. CPA preferred
FINRA Registrations Required:
N/A
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
N/A
SEC Security-Based Swap Dealer Associated Person:
N/A
The expected starting salary range for this position in New Jersey is between $127k to $166k 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:
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$127k-166k yearly12d ago
Vice President - Client Solutions
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporate and institutional, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.$120k-147k yearly8d ago
Vice President - Client Solutions
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporate and institutional, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.$120k-147k yearly8d ago
Vice President - Regulatory Reporting Policy SME
The Reporting Policy Group (RPG) acts as gatekeeper for product and topic knowledge across Business Line or Group by staying current and providing interpretive guidance on new and evolving reporting rules, setting related policy and reinforcing controls with report owners. RPG serves as the primary point of contact for all questions and issues related to application and interpretation of regulatory and financial reporting rules. RPG is also responsible for developing best practices through engaging in a collaborative approach, which builds trust and buy in with key stakeholders. RPG provides advisory support as needed.
* Physical presence in BNPP's office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion. This role will be hybrid, consisting of an in office and remote working component.
Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
* Results and Impact
* Impacts division and influences peers and team
* Demonstrates good judgement when making decisions of high complexity and impact
* Relies on limited guidance for most complex decision making
* Is responsible for driving outcomes which have meaningful effect on team or department
* Leadership and Collaboration
* Creates trust with department leaders
* Acts in leadership capacity for large projects, processes, or programs for a team
* Client, Customer and Stakeholder Focus
* Able to build relationships with a mix of intermediate and senior colleagues or clients
* Interacts regularly with management and department leaders
* Demonstrates the ability to persuade and 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:
This position is responsible for performing the reporting policy function (e.g. monitoring, interpretation, training and review control of regulatory reporting rules) across regulatory reports and annual reports of BNP Paribas USA and certain subsidiaries, including Bank of the West and the related CUSO.
* Stay current on new products. Maintain / keep abreast of changes in regulations and social climate in order to assess the need for update to policy and practices. Analyze trends, gain insights to recommend changes in practices as part of continuous monitoring. Provide interpretive guidance when owners, production or business units have questions.
* Analyze and interpret new rules. Work with report owners and production groups to ensure proper implementation. Consult with appropriate stakeholders to consider and address potential implications. Set strategy for developing and communicating new rules, practices, and procedures to team members and managers.
* Develop, implement, and communicate regulatory reporting interpretations, guidelines and procedures to business partners as they raise questions on an ad hoc basis.
* Partner with legal and accounting policy teams as needed to ensure interpretations and practices are in compliance with applicable federal, state and local laws and regulations and generally accepted accounting principles.
* Provide targeted training to various stakeholders, and provide updated content for annual compliance training. Counsel, educate, and provide consultation on policies, rules and practices.
* Reinforce controls with report owners through validation and review of reports.
* Provide subject matter expertise to other stakeholders during remediation of examination / audit findings, MRAs and MRIAs when the cause was related to a misinterpretation of a reporting rule.
* Ensure ability of regulatory results to reconcile to other reported values (including U.S. GAAP-focused reporting outputs).
* Liaise with the department, business units, Finance Technology team and Corporate IT on an ongoing basis for project and ongoing responsibilities.
* Participate in industry trade working groups.
* Perform other duties as assigned.
Minimum Required Qualifications
* Minimum of 7 years' experience in similar role in a large and complex financial company
* Subject matter expertise in bank regulatory reporting with experience in leading and implementing regulatory changes in a large / complex organization
* Subject matter expertise in Basel / regulatory capital rules
* Extensive knowledge of financial products (e.g., securities, derivatives, loans, deposits, SLAB, etc.)
* Strong knowledge of bank holding company financial reporting
* Experience establishing policies and procedures and implementing large scale reporting changes.
* Excellent communication skills, both written and verbal
* Bachelor's degree in Accounting or Finance required
Preferred Qualifications;
* Master's degree in Accounting or Finance or equivalent
* Experience in internal or external audit. CPA preferred
FINRA Registrations Required:
N/A
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
N/A
SEC Security-Based Swap Dealer Associated Person:
N/A
The expected starting salary range for this position in New Jersey is between $127k to $166k 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:
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$127k-166k yearly12d ago
Vice President- Capital Markets Surveillance Investigator
The Americas Market Integrity (MI) Domain is a part of the Ethics and Compliance Department that provides transversal support to all business functions performed in the US, Canada and Latin America. Market Integrity centers on the idea that markets, if corrupt and inefficient, are unattractive to investors. Regulators, law enforcement, exchanges, financial institutions, and investors all rely on the orderly operation of financial markets in order to provide a foundation of economic growth and efficient access to capital. The violation of these principles can cause severe disruptions in investor confidence and ultimately threaten the stability of the financial system.
The Capital Markets Surveillance ("CMS") Team serves the MI Domain as a specialized unit within Ethics and Compliance N.A (the 2nd Line of Defense) and is primarily responsible for reviewing surveillance alerts and escalations, conducting in depth investigations of trading activity and patterns, refining and building surveillance controls in accordance with and in anticipation of regulatory expectations and remediation plans, and supporting the oversight of the BNP Paribas 1st Line of Defense ("1LOD").
* Physical presence in BNPP's office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion. This role will be hybrid, consisting of an in office and remote working component.
Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
* Results and Impact
* Impacts division and influences peers and team
* Demonstrates good judgement when making decisions of high complexity and impact
* Relies on limited guidance for most complex decision making
* Is responsible for driving outcomes which have meaningful effect on team or department
* Leadership and Collaboration
* Creates trust with department leaders
* Acts in leadership capacity for large projects, processes, or programs for a team
* Client, Customer and Stakeholder Focus
* Able to build relationships with a mix of intermediate and senior colleagues or clients
* Interacts regularly with management and department leaders
* Demonstrates the ability to persuade and 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:
In addition, CMS Surveillance Analysts are responsible for working with Business Management, Compliance Advisory, global counterparts and IT to monitor for potential market abuse, regulatory violations and suspicious activity. CMS plays a critical role in working with the 1LOD to perform investigations when appropriate, and to determine and coordinate corrective action. The CMS Surveillance Manager will:
* Supervise junior surveillance analysts within their remit, ensuring best practice is observed and that the surveillance program is functioning as prescribed by surveillance leadership
* Engage in recruiting, training and team development as needed, reporting concerns and needs to the Head of Surveillance
* Review escalations based on trade surveillance alerts and referrals in order to detect potential regulatory violations, identify suspicious activity and items requiring corrective action;
* Focus on a variety of risks within Market Integrity, such as insider trading, manipulation and market abuse related typologies;
* Analyze activity, document findings within the CMS case management tool, provide written explanations for the transaction detail;
* Raise matters of importance to Departmental Management for discussion, socialize potential issues in team meetings and other dedicated forums, refer cases for the filing of Suspicious Activity Reports with the Financial Crimes Enforcement Network;
* Interact with the 1LOD, Front Office Salespeople, Traders, Supervisors, Compliance Advisory and U.S. Financial Security staff so that appropriate resolutions may be achieved, communicating issues in a proactive manner;
* Engage in pre-trade due diligence at the request of CMS stakeholders
* Perform QA reviews of alert closures by BNP Paribas 1st Line of Defense ("1LOD") team.
* Provide training and guidance to the "Level 1" CMS team, which performs a first-pass review of alerts, to ensure quality and proper adherence to the Standard Operation Procedures;
* Champion the development of new surveillance features and controls to address risk priorities as appropriate;
* Provide support to the Quality Assurance functions as appropriate
* Conduct or assist with special investigations and projects;
* Assist with Internal Audit, Compliance Testing and ad hoc regulatory requests.
Minimum Required Qualifications:
* 7+ years of experience with a financial services firm and/or self-regulatory organization in a compliance or other relevant position;
* Working knowledge of capital markets, multiple products and/or trading operations;
* Specialized subject matter expertise in at least one asset class (Equities, Futures, Fixed Income, FX)
* Excellent interpersonal, oral and written communication skills, with the ability to interact effectively with front and back office staff and senior management;
* Strong case writing, analytical and investigative skills;
* Ability to manage, multi task, and handle multiple compliance reviews and projects at the same time while effectively prioritizing workload and meeting deadlines;
* Investigative mind-set and commitment to integrity;
* BA or BS Degree.
Preferred Qualifications:
* Exposure to trading desks, exchanges, electronic trading market and securities industry;
* Technical understanding of capital markets with experience as a trader, surveillance analyst or regulator
* Experience with trade and e-comm surveillance and case management systems, such as NICE Actimize, SMARTS, Veritas, Digital Reasoning
* Proficiency with market data solutions and due diligence vendors, such as Bloomberg, Reuters, Worldcheck, Lexis, Edgar, OTCMarkets, etc.;
* Knowledge of the process of regulatory filings (SARS)
* Expert-level skill set with MS Office Suite;
* Series 7 and 63 preferred;
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 York (or if the location is in New Jersey we'll indicate New Jersey) is between $129,000 to $190,000 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:
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$129k-190k yearly39d ago
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