Business Overview:
The Vice President, Benefits Administration will work
closely with the Director, Head of US Benefits to ensure BNPP has a holistic
benefit program for our most important asset – our employees. Additionally, the
individual is responsible for working with internal and external partners in
the administration of our benefit programs to ensure plan compliance and
effective employee engagement.
This role operates in a hybrid work environment and
requires 3 days a week in the office.
Candidate
Success Factors:
Candidates are measured on the following four
performance drivers, which will dictate how individual impact is considered on
the Americas platform:
- Results and Impact
- Able to influence peers and team.
- Demonstrates good judgement when
making decisions of high complexity and impact. - Exercise appropriate autonomy in
the execution and delivery of work. - Responsible for driving outcomes,
which have meaningful effect on team or department. - Leadership and Collaboration:
- Creates trust with colleagues.
- Acts in leadership capacity for
projects, processes, or programs. - Client, Customer and Stakeholder
Focus: - Able to build relationships with a
mix of colleagues and clients. - Interacts regularly with management
and department leaders. - Demonstrates the ability to
influence stakeholders at the team level. - Compliance Culture and Conduct:
- Takes full responsibility for
personal actions and demonstrates courage in facing problems and
conflicts. - Perceived
as a person of high moral character; upholds corporate values and
displays high ethical standards.
Responsibilities:
This position will assist in the administration of
the benefits (healthcare and retirement plans) for the US employee population.
In addition, the Vice President – Benefits Administration will gather, evaluate
and analyze a wide variety of data and information related to the BNP Paribas
benefit programs to facilitate changes and support employees’ needs; and
provide functional and technical support to ensure compliance with federal and
state laws. This includes reporting and analytics, vendor management and
assisting the Director – Head of US Benefits in the development and maintenance
of the various benefit programs.
- Responsible for the day-to-day
administration of the Benefit plans to ensure regulatory compliance and
support employee engagement. - Works closely with Director, Head of
US Benefits, internal partners and external vendors to assist in
development and delivery of participant education including written
materials, webinars to facilitate open enrollment. - Support benefit compliance
activities (e.g., audits/5500s, nondiscrimination testing, ACA reporting
with the IRS and applicable mandated states, plan documents, etc.). - Liaise with internal stakeholders to
complete the various benefit processes such as semi-monthly 401k
reconciliation funding process, Outbound Expat monthly funding, and VDC
plan distributions.
Responsibilities Cont’d:
- Resolve employee issues pertaining
to group benefits programs, benefits enrollments, COBRA etc., by
researching and partnering with vendors, payroll and HR managers. - Lead annual enrollment activity
including preparation, employee communications and testing. - Perform all other benefit
administration related duties. - Works directly with vendors and
internal stakeholders to ensure vendor partners are meeting all BNPP
requirements including meeting service level agreements.
Minimum Required Qualifications:
- Bachelor’s degree, or equivalent
experience
·
5+ years’ experience managing employee
benefits, with in-depth knowledge of Health and Welfare programs, policies, and
regulations.
·
5+ years’ experience working with brokers and
carriers.
·
Knowledge of Retirement Benefits and
applicable laws and regulations.
- Advanced Excel skills
- Excellent communication,
interpersonal, organizational and project management skills.
Preferred Qualifications:
- While banking experience is not
specifically required, candidates should have experience within a
comparably regulated environment, which includes a high level of diligence
in vendor management. - Knowledge of BenefitFocus or a
similar benefits administrator platform a plus.
FINRA Registrations Required:
- Not Applicable
CFTC Swap Dealer Associated Person (if yes, NFA Swaps
Proficiency Program is required):
- Not Applicable
SEC Security-Based Swap Dealer Associated Person:
- Not Applicable
Management
Structure – Head of US Benefits
Functional
Manager: Not Applicable
The expected starting salary range for
this position is between $120,000 to $150,000
annually. The actual salary may vary based upon several factors including, but
not limited to, relevant skills/experience, time in role, base salary of
internal peers, prior performance, business line, and geographic/office
location.
In addition, our
comprehensive benefits package aims to support our employees in various aspects
of their lives. From healthcare and wellness programs to retirement plans and
childcare services, we prioritize the well-being and growth of our employees. Our
benefits include medical, dental and vision coverage, a 401(k) Savings Plan,
backup childcare, life, accident and disability insurance, mental health
support and paid time off. Additional details about our benefits offerings,
inclusive of eligibility for a discretionary bonus, will be provided during the
hiring process.
This application will remain open until a
candidate has been selected for the role. There is no specific application
timeline.
About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach
across the US, EMEA and APAC. It has a presence in 65 countries, with nearly
190,000 employees. In the United States, BNP Paribas has built a strong and
diversified presence to support its client base. We continue to grow and
strengthen our commitment to the US market through our Corporate &
Institutional Banking activities. We are one of a few non-US banks to offer a
full value chain for our clients, from trading to financing, and clearing and
custody in the US with the international footprint and capacity to deliver both
globally and locally. Leveraging the strength of our European roots, our
network can support clients in virtually every region of the world, enabling
more connectivity and efficiency wherever our clients conduct business. We take
pride in our expertise and our ability to adapt while constantly looking ahead
to create a more sustainable world.
The bank employs nearly 6,000 people and has a
presence in the country since the late 1800s in major cities including New
York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and
Washington, DC.
As an international company with a global footprint,
the unique cultures and viewpoints of our team members are an integral part of
the fabric of BNP Paribas. We are a company with a purpose – to be a
responsible and sustainable global leader. We aim to create an environment
where our employees feel empowered to drive change, make an impact and be true
to themselves. We employ talented individuals from a wide variety of
backgrounds, locally and globally, and are inspired by our employees who help
us in cultivating a diverse, equitable and inclusive workplace through
initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership
Forum and Employee Resource Group (ERG) communities. We strive to be a
workplace where all team members can grow, thrive, and offer robust training,
development and mentoring opportunities to make that vision a reality. Our
leaders are deeply committed to DEI and highly accessible to our employees,
consistently soliciting feedback on how we can continue to support our employees
to reach their highest potential.
BNP Paribas. The Bank for a Changing World – https://usa.bnpparibas/en/homepage/join-us/our-opportunities/
BNP Paribas is
committed to providing a work environment that fosters diversity, inclusion,
and equal employment opportunity without regard to race, color, gender, age,
creed, sex, religion, national origin, disability (physical or mental), marital
status, citizenship, ancestry, sexual orientation, gender identity and gender
expression, or any other legally protected status.