Vice President – Front Office Surveillance Team Lead- Global Credit Markets

Business Overview:

Corporate & Institutional Bank (CIB) delivers solutions across asset classes, and industry-leading services for clients including Institutional, corporates, private banks and retail distribution networks.

The CIB Americas Conduct & Control Organization (CCO) directly supports the platform as a transversal and independent team responsible for overseeing the main risks, driving the strategy and managing the non-financial risks of the business, while ensuring integrity and sustainable development in CIB. Working in strong cooperation with Business Lines, functions and Bank General Management, the team has a transversal mandate across the Americas region.

In response to regulatory requirements, BNP Paribas has established a First Line of Defense Surveillance function within CIB and Global Markets (GM) reporting into Chief Conduct and Controls Office (CCCO). CCCO is part of front office, but independent from the Business and is part of the 1st Line of Defense.

The FOCS (Front Office Control & Surveillance) team monitors

• Trading & Sales business activity and electronic Communications, with the objective of deterring, detecting, and preventing Conduct Risk breaches
• Developing automated tools for monitoring and performing customized data analytics
• Escalating potential issues and resolving satisfactorily
• Developing systems capabilities and customizing new systems to meet firm expectations

The team is quite unique in the industry and has proved efficient in identifying potential conduct risk to BNPP managers. The team can follow easily market events and work with FO management by being located close to the trading floor.

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:

• Responsible for Global Credit coverage, coordinate with other regional FOCS team members on a daily basis and with EMEA/APAC FOCS teams to ensure consistency of best practices.
• Monitoring, investigating and responding to ‘alerts’ whether communication or trading related, opening case management files as required and escalating potential breaches to the Heads of GBLs, the Regional Heads of Trading or Sales and / or 2LOD (Compliance, Risk ORC), in line with the FOCS Escalation Procedure or to your senior FOCS team member to take the action forward or to clarify an alert.
• Liaise with, and maintain a good working relationship with Desk Heads, Senior Management and other stakeholders in order to help Desk Heads manage their business more effectively.
• Contribute to the design, implementation and refinement of the surveillance framework, which includes tools and procedures to more effectively identify actual or potential conduct risk scenarios.
• Participate in the development and use of tactical, spreadsheet-based tools, which can search data warehouses, filter unwanted information and display the remaining results concisely for subsequent analysis.
• Contribute to the design and production of timely Management Information for the Heads of Trading & Sales and other stakeholders.
• Contribute to the evolution of the team by training members, IT enhancements, emerging risk identification or related projects

Minimum Required Qualifications:

Conduct

• Excellent communication skills with management and transversal functions
• Adaptability
• Be a role model, supporting and fostering a culture of good Conduct
• Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks
• Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure

Market, Product and Business Experience

• In-depth knowledge of the Credit Markets, capital markets, Banking and/or capital market surveillance
• Experience or specialization in an asset class such as Primary and Credit markets (PCM)
• Ability to manage multiple deliverables

Technical Skills

• Knowledge of Actimize/SMARTS or other trade surveillance tools
• Advanced knowledge of Excel is essential
• Ability to organize data sets
• Generally comfortable and adept at defining and using technology tools

• Strong analytical and investigative skills

Preferred Qualifications:

• Market, Product and Business Experience
• Exposure to trading desks

• Spanish, French , Portuguese or other languages
• Capital Markets, Risk Management or Compliance experience also helpful
• +12 years Trading/Sales and/or Surveillance experience

FINRA Registrations preferred:

• Series 7
• Series 24

Other qualifications:

• Experience working with front office employees a plus
• Programming skills (python) are 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

The expected starting salary range for this position in New York is between $189,000 to $223,000 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.

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