Compliance Manager, Compliance CIB Controls Europe Vice President
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Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Business area
CIB UK Compliance is an independent function responsible for providing specialist advice and support to UK Senior Management, business lines and functions in adhering to internal controls and external rules and managing compliance risks.
The function acts as a second line of defence covering areas including controls, assurance, monitoring, professional ethics, training and competence, whistleblowing, money laundering, market abuse, financial security and regulatory liaison.
The Compliance CIB Controls Europe (CCC-E) team is part of the Compliance Controls and Risk Management ('CCRM') department at Regional Compliance CIB level, with team members located in UK and France. The CCC-E team mission is to deploy and execute a coherent and consistent 2LoD compliance control programme covering CIB business lines and activities in Europe. This encompasses overseeing the 1LoD control framework through Independent Testing by performing, verification and re-performance of 1LoD controls and Thematic Reviews.
Within CCC-E, the Compliance Reviews Team ('CRT') main mandate is to carry out risk-based compliance reviews with a focus on UK specific Compliance risks.
Job purpose
Manage and deliver high quality Compliance Reviews / Independent Testing and controls in a timely manner across CIB business lines throughout Europe.
Subject matter expert on any control subjects on the given areas of expertise.
Look for opportunities to continuously improve the Independent Testing and Compliance Reviews methodology and engage proactively and effectively with key stakeholders.
Key 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.
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.
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank's strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We're a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) with option to buy and sell holidays.
• Valuable financial plans a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accreditedMenopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants,green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone's largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don't want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you'd benefit from some adjustments or additional support, please let us know as early in the process as possible.
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