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VP - Front Office Control & Surveillance

New York, NY, USA | BNP Paribas

  • Industry:
    Financial Services
  • Position Type:
    Full-Time
  • Functions:
    IT / Information Technology
    Risk Management
  • Experience:
    3-5 years
Job Description:
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lobal Markets is BNP Paribas’ capital markets business within the Corporate & Institutional Bank (CIB), delivering solutions across asset classes, and industry-leading services for clients including Institutional, corporates, private banks and retail distribution networks. Global Markets encompasses seven global business lines; G10 Rates, Equity Derivatives, Forex & Local Markets, Commodity Derivatives, Credit, Prime Solutions & Financing and Primary Markets, helping their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk.Global Markets is made up of over 3,700 staff globally based in EMEA, the Americas and Asia Pacific, with the main trading floors located in London, Hong Kong, New York, Paris, Singapore and Tokyo. In response to regulatory requirements, BNP Paribas has established a First Line of Defense Surveillance function within Global Markets (GM) business reporting into Chief Conduct and Controls Office (CCCO). GM CCCO is part of Global Markets FO, but independent from the Business and is also 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. Responsibilities: ·      Coordinate with other regional FOCS team members on a daily basis and with EMEA/APAC FOCS teams to ensure consistency of best practices. ·      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. ·      Participant in the development and use tactical, spreadsheet-based tools, which can search data warehouses at a trade level, filter unwanted information and display the remaining results concisely, for subsequent analysis. ·      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 ·      Lead junior FOCS team member in the surveillance duties ·      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 program governance via projects or improving documentation



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 capital markets ·      PowerPoint/presentation skills ·      Ability to  manage multiple deliverables Technical Skills ·      Knowledge of Actimize/SMARTS is an advantage ·      Advanced knowledge of Excel is essential ·      Ability to organize data sets ·      Generally comfortable and adept at defining and using technology tools ·      Programming skills (python) are a plusPreferred qualifications: Market, Product and Business Experience ·      Spanish, French , Portuguese or other languages ·      Capital Markets, Risk Management or Compliance experience also helpful ·      2-10 years  Trading/Sales and/or Surveillance experience  FINRA Registrations preferred:Series 7 Series 24Other qualifications:  ·      Experience working with front office employees a plus ·      Project management experience


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