Assistant Vice President – Investigations Specialist

Business Overview:

BNP Paribas (“BNPP”) Management is committed to ensuring compliance with Sanctions regulations within BNPP Group globally. In this context, BNPP Group Compliance has established a permanent department within the U.S. called Group Financial Security U.S. (“GFS U.S.”). The objectives of this unit include:

• Having responsibility for BNPP Group framework for compliance with U.S. sanctions.
• Drafting regulatory and BNPP Group policy updates for U.S. sanctions, in conjunction with BNPP Legal.
• Issuing sanctions policies and procedures applicable across BNPP Group.
• Advising on U.S. sanctions compliance across BNPP Group.
• Acting as the ultimate level of management for U.S. sanctions screening alerts on transactions and static data.
• Acting as the sponsor of BNPP Group tools used to screen transactions and static data against sanctions lists.
• Conducting risk assessments of BNPP entities through a permanent risk oversight framework.
• Performing on-site controls within BNPP Group entities to verify compliance with BNPP Group sanctions policies and procedures.

The OFAC Alerts Investigations (“OAI”) team serves as the Group’s Subject Matter Experts (“SME”’s) concerning U.S. economic sanctions. The team provides guidance to Group entities regarding U.S. economic sanctions issues and is the Group’s single point of contact with the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”). All OAI team members are expected to have the ability to perform all team functions as necessary, although the team is functionally divided into two parts:

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 Investigations Specialist contributes to the key responsibilities of the OAI team. This is an exciting opportunity for the right candidate to join a Group-wide function in a highly visible position. The OAI Investigations Specialist reports directly to the OAI Investigations Team lead.

The Investigations Specialist has primary responsibility, under the supervision of the OAI Investigations Team lead, for day-to-day work on:

• Investigations related to:
  • Apparent violations of OFAC sanctions regulations
• In consultation with senior members of the OAI team, drafting of filings with OFAC, including
  • Voluntary Self Disclosure (“VSD”) submissions to OFAC;
  • OFAC license applications, renewals, and associated reports;
  • Responses to OFAC requests for information (subpoenas and informal requests); and
• Presentation of completed investigations in the VSD Committee;
• Implementation of and responses to OFAC Interdiction Requests;
• Monitoring of the Investigations Team’s general mailbox to ensure VSD and other referrals are properly logged and/or addressed.
• Updating the OAI case management systems with VSD referrals and generation of metrics on OAI team activities from those databases for review by GFS U.S. senior management and others;
• Updating of information related to OFAC specific licenses, including expiration dates and special reporting due dates, in OAI case management systems, and monitoring and submission of license applications and special reports to OFAC.
• Updating of internal desk procedures related to the above areas of responsibility.

In addition, the Investigations Specialist assists senior OAI team members in:

• Providing expert guidance on OFAC sanctions transactional issues and inquiries raised by Group businesses, operations, and Compliance personnel globally;
• Other matters under the OAI’s team responsibility (such as disposition of alerts in the escalation tools; sanctions list management issues, sanctions notices, desk procedures, etc.);
• Acting as an OFAC subject matter expert, participating in the delivery of training programs and providing guidance and feedback on OFAC sanctions issues in sanctions-related documents (internal procedures, training decks, guidance documents, etc.).

The expected starting salary range for this position in New York is between $117,000 to $130,000 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.

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.

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/

Minimum Required Qualifications

• Undergraduate degree, finance or business related majors.
• 2 - 3 years’ experience in a banking environment.
  • 1 - 2 + years’ experience in Sanctions Compliance or Sanctions Investigations.
• Knowledge of:
  • National and international payment systems.
  • US-Sanctions regime and operational impacts.
• Knowledge of banking products and services.
• Strong computer skills and analytical and investigative skills.
• Flexibility to adapt to a new and changing environment.
• Strong verbal and written communication skills and a high level of detail orientation and organization.
• Ability to work well with others in a fast-paced environment.

Preferred Qualifications;

• Graduate degree a plus.
• Knowledge of BNP Paribas Group activities and organization a plus.
• French language skills a plus.

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

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.

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/

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