Assistant Vice President Compliance Officer

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised 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, the Group 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. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line/Function: ISPL Compliance

Ensure and Encourage adherence to BNPP Group Compliance policies, Code of Conduct. Adherence to and responding to regulatory queries.

• Warrant Compliance standards on offshoring/outsourcing activities
• Safeguard and set-up appropriate Compliance controls and create Compliance awareness
• Assist Group Business Lines and activities in their evolution, with a relevant, robust and sustainable Compliance framework
• Participate in the Group efficiency efforts and identify solutions to refocus Compliance activities on its core missions

Position Purpose

The Assistant Vice President Compliance Officer implements Code of Conduct key requirements, BNP Paribas policies and local regulations by taking into account the specificities and regulations applicable to the Territory. This role ensures relevant controls are set up and implemented and the commitments for insourced services are carried out in accordance with terms of SLAs. It also ensures regulatory commitments given for offshoring activities are adhered to and contributes to the definition and implementation of appropriate measures to manage compliance risks.

Responsibilities

Direct Responsibilities

I. Roll out and monitor adherence to Compliance Policies

• Manage Professional Ethics (PE) related activities and controls
• Ensure adherence to existing Compliance Policies including Personal Account Dealing (PAD) Policy, Gifts & Invitations Policy, Outside Business Interest Policy, Professional Code of Conduct Policy, Anti Bribery and Corruption Policy
• Review new policies rolled out and implement the same for ISPL, as applicable / appropriate
• Manage Financial Security (FS) related activities and controls over clients, vendors, employees and operational aspects

II. Review of Transition related documents

• Review Service Level Agreements (SLA), Activity Review Process (ARP) and Risk Assessment (RA) documents from service provider Compliance perspective
• Interact with the service recipient Compliance team and seek their views / opinions / conditions and ensure all requirements are implemented and managed adequately
• Maintain repository of transition related Compliance approvals

III. Compliance Trainings

• Conduct and facilitate compliance trainings (mandatory and targeted) for ISPL staff
• Regularly communicate policies and major changes / highlights through various channels

IV. Ensure deployment of robust control framework

• Rolling out and performing controls based on service recipient compliance/regulatory requirements for offshored activities (e.g. voice recording, Chinese Wall, etc.) and also local requirements and analyzing results of the same to identify and mitigate the relevant risks
• Coordinate on compliance related incidents and ensure appropriate action plans are put in place
• Perform regular compliance check and challenge on RCSAs and control plan gap analysis to ensure applicable risks are identified and suitable mitigating controls are in place/proposed
• Review queries on outsourcing and technical assessments from compliance perspective

V. Reporting

• Preparation of various MIS, dashboards and other compliance reports

Contributing Responsibilities

• Coordination with various departments / métiers / functions / countries
• Communication across all levels to ensure management directions including group guidelines are understood
• Organization & co-ordination of compliance-related awareness-raising and training action
• Participating in new compliance projects and initiatives
• Contributing to preparation of compliance decks in various committees and forums

Technical & Behavioral Competencies

• General knowledge of Capital Markets and sound understanding of Financial Security matters
• Prior Compliance, Audit, Risk, Inspection or Permanent Control experience will be a considerable plus
• Experience of working in international banking business structure
• Strong English communication skills
• Stakeholder management skills
• Self-motivated and result oriented, with the ability to identify & solve issues and work under pressure

Education Level & Experience

• Bachelor Degree or equivalent
• At least 10 years of experience

Other/Specific Qualifications

• Compliance related certifications – from recognized institutions

Key skills/competency

• Compliance
• Financial Security
• Regulatory Adherence
• Risk Management
• Corporate Governance
• Policy Implementation
• Stakeholder Management
• Anti-Bribery
• Professional Ethics
• Audit