Job Description

As the leading European Union bank, and one of the world\'s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

https://careers.apac.bnpparibas/

More information
BNP Paribas - Diversity & Inclusion Journey
BNP Paribas - The Bank Of Green Changes

Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year

Position Purpose

The Market Integrity (MI) APAC has various operating units, namely Control Room, Monitoring and Surveillance, Independent testing and Risk Assessment, Governance/Framework, Norms Procedures & Advisory and Regulatory reviews. MI and Financial Market (FM) compliance ("MI/FM") teams are located across different APAC countries with the hubs in Singapore, Hong Kong and Japan with India supporting as an outsourced unit for various monitoring and surveillance functions.

MI APAC Monitoring and Surveillance (M&S) teams in Singapore, Hong Kong and Japan perform monitoring and surveillance function on CIB m\xc3\xa9tiers such as Global Markets (GM), Asset Liability Management Treasury (ALMT), Investment Banking (IBA, FIC) and Securities Services (BP2S) businesses within APAC which also includes providing advisory support to Sharekhan in India (within DM m\xc3\xa9tier). In July 2020 its scope extended to include Wealth Management (WM) (within IFS m\xc3\xa9tier) MI surveillance function for Singapore and Hong Kong. FOCS team performs in line with the TOM (target operating model) the bulk of 1LOD controls.

Quality assurance /permanent challenge team has an oversight role on controls performed by both the first line of defense (FOCS Team/1LOD) and second line of defense (M&S team/2LOD) and performs the independent testing of monitoring & surveillance framework.

The primary responsibilities of this position would be, on top of the BAU activities, to lead the quality assurance team, to be the point of contact of that team for internal and external parties and to adapt it to the always changing environment. This role involves a very close collaboration with the head of Monitoring and Surveillance as Quality Assurance team is a key participant in all the information

This position reports to Head, Monitoring & Surveillance, APAC.

Responsibilities

• Lead the QA team and be the main point of contact for internal and external parties (Compliance, FOCS, Business, IG, auditors, regulators...);
• Optimize the organization (staff, IT ...) to focus the onshore team to the most added value tasks and continue the externalization to some QA tasks to ISPL team;
• Ensure APAC M&S procedures are enhanced to formalize local controls in alignment with Group requirements, including the gathering and evidencing of supporting documentation;
• Anticipate regulatory requirements exemplified in regulatory actions and guidance and ensure the requirements are met within APAC surveillance program; implement compensating controls to manage risk;
• Anticipate regulatory requirements exemplified in regulatory actions and guidance and ensure the requirements are met within APAC surveillance program; implement compensating controls to manage risk;
• Work with others across FM/MI and other Compliance on transversal quality control and assurance related initiatives;
• Propose, develop and execute new reviews to address emerging trends and identify red flags within the surveillance Program;
• Mitigate risks of exposure through process change proposals and escalations of recommendations within APAC M&S through Senior Compliance Management;
• Lead working groups that focus on enhancing controls/quality of the trade surveillance program; define time tables and project plans while focusing on strategic initiatives;
• Assist the Head, Market and Surveillance APAC with examinations by the Bank\'s regulators and auditors/IG;
• Conduct targeted Quality Assurance (QA) reviews on first line of defense (FOCS team/1LOD) and second line of defense (M&S team/2LOD) in order to assess and review compliance with legal, regulatory and internal Bank policy requirements;
• Escalate potential issues and exception items noted during the review process to Head, MI APAC M&S for discussion and further investigation if deemed necessary;
• Prepare and distribute reports to Senior Compliance Management detailing review findings and recommendations; report on significant activities conducted and planned for the upcoming period;
• Conduct investigations/projects as deemed necessary by M&S/Senior Compliance Management; and
• Execution of CIB Surveillance Permanent Challenge and Independent Testing framework for 1LOD/2LOD alignment in APAC.

Technical & Behavioral Competencies

• University graduate with major in Accounting, Business Administration, Economics, Finance or Law or equivalent qualification
• At least 10 years audit or compliance experience. Experience in monitoring and surveillance is an advantage but is not compulsory
• Demonstrate capacity for sound project management, analytical and problem-solving skills with the ability to exercise sound and balanced judgment.
• Demonstrate strong interpersonal skills with the ability to communicate and consult at all levels.
• Committed to confidentiality, integrity and objectivity
• Proactive in identifying risks and proposing solutions
• Ability to handle multiple tasks simultaneously and work under tight deadlines

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