Assistant Vice President – Capital Market Surveillance Investigator

Business Overview:

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”).

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 microcap-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 an appropriate resolution may be achieved, communicating issues in a proactive manner
• Engage in pre-trade due diligence at the request of CMS stakeholders

• 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 he 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 and ad hoc regulatory requests

Minimum Required Qualifications

• 3-5 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
• Excellent interpersonal, oral and written communication skills, with the ability to interact effectively with front and back office staff and senior management;
• Strong analytical and investigative skills;
• Ability to manage multi task, and handle multiple compliance reviews and projects at the same time while meeting deadlines;
• Investigative mind-set and commitment to integrity;
• BA or BS Degree.

Preferred Qualifications:

• Demonstrated success as a supervisor or team lead
• Exposure to trading desks, electronic trading market and securities industry;
• Technical understanding of capital markets with experience as a trader, surveillance analyst or regulator; specifically with equities and future product class.

• Experience with trade and e-comm surveillance and case management systems, such as NICE Actimize, SMARTS, Veritas
• Proficiency with market data solutions and due diligence vendors, such as Bloomberg, Reuters, Worldcheck, Lexis, Edgar, OTCMarkets, etc.;
• Expert-level skill set with MS Office Suite;
• Series 7 and 63 preferred;
• Experience with E-communication surveillance venders is a plus.

FINRA Registrations Required:

• N/A

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 $86,000 to $133,000 annually. 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 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 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.

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 are a company with a purpose — to be a responsible and sustainable global leader — and we aim to create the kind of environment where our employees feel empowered to drive change, make an impact and be true to themselves. Diversity, equity, and inclusion (DEI) are integral to BNP Paribas’ goals as a company. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by the work our employees do to foster a diverse, equitable and inclusive workplace through initiatives like our internal Employee Resource Groups.

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.

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