POSITION PURPOSE
The Permanent Control framework at BNP Paribas aims at keeping our operations safe and continuously improving our business processes and practices.
The Chief Conduct & Control Office (CCCO) positioned within the business acts as the First Line of Defence (1LOD) in BNP Paribas’ Permanent Control framework and plays a key role in strengthening our platforms as our activities expand or evolve.
Within the CCCO, the Front Office Conduct Surveillance (FOCS) is a detection an investigation team responsible for the monitoring of front office activity through the surveillance of trades, electronic & voice Communications.
FOCS Anti-Fraud (AF) is a new unit within FOCS that was established to onboard the detection of potential market-related fraud events within the first line of defence.
RESPONSIBILITIES
FOCS AF Contributions
- Undertake the monitoring of the Bank’s activities to detect potential incidents of (market-related) fraud and/or Rogue trading
- Investigation of alerts, clearing of false positives and timely processing of true positives for further analysis
- Escalate potential cases according to severity to the relevant management level: Risk ORM/Anti-Fraud (acting as 2nd Line of Defense), Business and/or Compliance
- Provide precise and accurate documentation of the investigation results then record in the case management tool for audit purposes, allowing close coordination with internal or external audit teams in the context of reviews of the activity
- Provide expertise to Business, Compliance and LOD2 when required; provide support to ensure that managers have visibility on all relevant signals in relation to AF controls
- Design, test and deploy new controls to address current/emerging risks
- Work in close collaboration with IT and other functions to improve the efficiency of the overall control framework
- Interact with Risk, Compliance, LOD2, Business & Front office and other internal partners to constantly improve AF coverage and consistency across regions
- Production of performance metrics and KPIs to (i) continuously monitor the efficiency of the surveillance framework and (ii) produce activity reports to Senior Management
- Documentation: Assist with the drafting or periodic review of the policies and procedures.
- Raise Front office awareness on Fraud & Rogue Trading risks, permanent Control and policies through dedicated business-oriented training sessions
- Set up a robust local governance to ensure proper AF controls management and meet internal, regulatory and compliance requirements
Technical & Behavioral Competencies
- Good understanding of financial markets products, as well as Fraud and Rogue trading associated risks; prior experience in the use/design of surveillance tools would be a plus
- Prior experience in CIB activities and financial markets: Minimum 5-7 years of experience in the Front Office (Sales/Trading/ Investment Banking), Middle Office, or related Control, Audit, Compliance background relating to GM or IB activities
- Need to have some expertise in the front-to-back control framework and good general understanding of financial market structure
- Able to communicate clearly and concisely, both verbally and in writing; Assertive, agile, willing to learn and adapt to different situations.
- Self-confident; able to challenge the status quo
- Good organization and communication skills are required to clearly articulate any surveillance/monitoring tools enhancement requirements when needed
- Fluency in English and – if possible – Native language capabilities in the following languages: Chinese (Mandarin/Cantonese), Korean and/or Southeast Asian and Indian languages
- Basic skills in Power BI, Python and/or data analytics are a nice-to-have
About BNP PARIBAS
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.
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Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year