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Compliance Manager, Compliance CIB Controls Europe – Vice President

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BNP Paribas

Jan 16

  • Job
    Full-time
    Senior & Expert Level
  • Legal
  • London

AI generated summary

  • You must have Compliance experience in financial controls, knowledge of global markets, strong analytical and people management skills, and excellent English communication. French is a plus.
  • You will lead control testing, manage compliance reviews, ensure effective reporting, guide team members, and engage with stakeholders to improve the compliance control framework.

Requirements

  • • Professional qualification and prior experience in a Compliance role in controls testing in a financial services environment.
  • • Detailed knowledge of specific Compliance principles and processes in control testing applicability, testing programmes, controls results and reporting.
  • • Good understanding of global markets, global banking, securities services and or treasury products
  • • Excellent analytical skills and an ability to translate knowledge and experience into advice and recommendations.
  • • Good working knowledge of the UK regulatory framework and its application to banking.
  • • Strong people management skills and an ability to work with individuals to train and mentor them.
  • • Excellent written and oral English skills in order to articulate technical issues and effectively communicate with individuals across the business.
  • • Ability to speak French or other European languages is desirable.
  • • Computer literacy and a good knowledge of common software e.g. Microsoft Office. Experience of relevant specialist Compliance software.

Responsibilities

  • Control planning
  • Contribute to the planning of independent testing and control execution, using the Risk Control Self-Assessment (‘RCSA'), incidents and other available information (e.g. regulatory watch, newsletters).
  • Take ownership of allocated sections of the testing plan.
  • Control execution
  • Lead and drive forward the allocated program of risk-based thematic, transversal, targeted and desk focused Compliance reviews / Independent Testing or 2LoD control execution primarily across BNP Paribas’ CIB activities within EMEA as set out in the Compliance Review/ Independent Testing Plan.
  • Challenge the 1 LoD control framework including control applicability, design, methodology (for sampling v and rating) as well as other factors to ensure that the compliance risk articulated in the key objectives of the Generic Control library (GCL) or the Central Control Library (CCL) is appropriately mitigated.
  • Deliver Independent Testing and Controls within the deadlines set to the expected standards and leave sufficient time for manager review prior to reporting deadlines.
  • Maintain an audit trail for all work carried out during the control testing, reporting and Action Plan stages.
  • Prepare a high-quality detailed report concluding the work done during the review outlining key findings and agreed remediating actions.
  • When required, provide guidance to other team members at Assistant Vice President, Associate or Analyst level to help them carry out their work.
  • Share and discuss control and Independent Testing results with Compliance and Business stakeholders and proactively manage challenge.
  • Liaise with all necessary senior key stakeholders to inform, influence and achieve mutual agreement of any recommendations raised during the review with allocated assignees.
  • Analyse submitted evidence by Action Plan Owners to ensure evidence is sufficient for Team Manager(s) to accept closure.
  • Escalate significant issues and challenges identified promptly to the Team Manager and the Head of CCC-E, with proposed solutions.
  • Control reporting
  • Take ownership of the team’s reporting tasks when required.
  • Record Independent testing and controls results and action plans in the reporting tools.
  • Assist in the design, preparation and presentation of Management Information.
  • Coordinate and consolidate reporting of control results with other controllers and teams.
  • Control framework and methodology
  • Cooperate effectively with colleagues in CCC-E and across the compliance department to share relevant information and improve efficiency.
  • Liaise effectively with stakeholders in the Business, RISK ORC, Inspection Generale and other functions.
  • Actively contribute to the planning process for the annual Independent Testing Plan, identifying relevant topics.
  • Look to improve the effectiveness and efficiency of the 2 LoD control framework and methodology.
  • Assist the 1LoD in developing and improving its control framework.
  • Other
  • Contribute to CCRM’s strategic goals to develop and maintain a comprehensive Compliance risk management and controls framework, by participating or leading specific projects when required.
  • Respond to regulatory and internal audit queries.
  • Train, coach and mentor team members when required.

FAQs

What is the purpose of the Compliance Manager role at BNP Paribas?

The Compliance Manager is responsible for managing and delivering high-quality Compliance Reviews and Independent Testing across CIB business lines in Europe, ensuring adherence to internal controls and external regulations.

What qualifications are required for this position?

A professional qualification and prior experience in a Compliance role related to controls testing in a financial services environment are required.

What types of skills are necessary for this role?

Strong analytical skills, excellent written and oral English communication abilities, good people management skills, and a detailed understanding of compliance principles and processes are necessary for this position.

Is there flexibility in working hours or location?

Yes, the company aims for an optimal work/life balance, offering hybrid working and flexible working options depending on the role.

How does BNP Paribas support employee development?

BNP Paribas provides a comprehensive training offering, talent programs, mentoring, and in-house career tools to help employees develop skills and adapt to an evolving work environment.

What benefits does BNP Paribas offer?

Benefits include a generous holiday allowance, a non-contributory pension plan, extensive wellbeing and mental health support, and various flexible benefits such as gym memberships and health assessments.

Is there a focus on diversity and inclusion in the workplace?

Yes, BNP Paribas actively promotes diversity and inclusion through professional networks and initiatives, ensuring a supportive environment for all employees.

What is the company's commitment to sustainability?

BNP Paribas is committed to contributing to a responsible and sustainable economy, with goals such as achieving Net Zero in financing and investment portfolios by 2050.

How does the Compliance Manager engage with stakeholders?

The Compliance Manager is expected to liaise effectively with all necessary senior stakeholders to inform, influence, and achieve mutual agreement on recommendations during compliance reviews.

Are there opportunities for internal promotions within BNP Paribas?

Yes, BNP Paribas supports internal promotions, and nearly half of the positions in UK CIB were filled internally in 2023.

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BNP Paribas

The bank for a changing world

Finance
Industry
10,001+
Employees
1848
Founded Year

Mission & Purpose

more than 190,000 employees, including more than 145,000 in Europe. BNP Paribas holds leading positions in its three major operating divisions: ⚆ Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval; ⚆ Investment & Protection Services for savings, investment and protection solutions; ⚆ Corporate & Institutional Banking, which is focused on corporate and institutional clients. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and Investment & Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.