Vice President- Research Compliance Officer

Employment contract:

Standard / Permanent

Location:

New York, New York, United States of America

Job/mission:

MISCELLANEOUS

Reference:

COM002731

Business Overview:

In 2021, BNP Paribas S.A. (“BNPP”) acquired Exane SA (“Exane”) — a broker-dealer organized under the laws of France.  For over 17 years, Exane has been a BNPP partner in European equity execution and investment research. It is a market leading European cash equities house with a top-ranked equity investment research franchise and robust equity derivatives business.  Exane’s top tier execution platform spans high touch, program trading and electronic.  BNPP is seeking to integrate the Exane equity execution and research activities into its Global Equities global business line (“GBL”).  Specifically, BNPP will integrate the Exane trading capabilities into the BNPP equities execution platform and will offer equity investment research products and services to institutional clients on a global basis.  Accordingly, BNPP will need to hire an experienced compliance officer in the U.S. to assist the Global Equities GBL in establishing a supervisory infrastructure to facilitate compliance with applicable laws, rules, and/or regulations.   

 

 

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:

The candidate will have general responsibility involving compliance oversight for the Firm’s equity investment research (“Research”) business that is operated out of the Global Equities GBL,  including: (1) specialty research sales; (2) Corporate Access/Expert Network; (3) research report publication and distribution; (4) issuance of required disclosures; (5) maintaining required analyst certifications; (6) identifying and mitigating potential conflicts of interest; (7) maintaining and enforcing written policies and procedures; and/or (8) managing material non-public information.  In addition, the candidate will also work closely with colleagues with primary responsibility for Sales and Trading, Compliance Control Room, Investment Banking and Equity Capital Markets in addition to coordinating with colleagues of foreign affiliates on cross-border initiatives/activities.

The candidate should have an understanding of the U.S. securities laws, rules, and/or regulations pertaining to the offering of equity investment research, including but not limited to: (1) FINRA Rule 2241; (2) FINRA Rule 5280; (3) FINRA Rule 6140; (4) Sections 10 and 17 of the Securities Exchange Act of 1934 (the “Exchange Act”); (5) Section 17 of the Securities Act of 1933; (6) Regulation FD; (7) Rule 15a-6 of the Exchange Act; and/or (8) Regulation AC.  Furthermore, the candidate should have a strong working knowledge of the US equity and derivatives (overt-the-counter and listed) markets, including the relevant current and proposed industry and regulatory developments.  Moreover, the candidate should have a strong command of core Self-Regulatory Organization rules, including but not limited to, FINRA Rules 2210, 3110, 2111, and 2010.

The candidate will report to the Research Compliance manager and perform the following day-to-day duties and responsibilities:

  • Assist and support to perform day-to-day duties and responsibilities.
  • Assess the regulatory/compliance controls of the Firm’s Research Platform and provide clear and understandable advice and guidance to interested parties, and drafting and delivering Compliance training on these topics.
  • Partner with Research personnel and IT to further develop and enhance the governance structure and risk controls including, but not limited to, protocols for system development and testing related to publication and/or distribution of Research. 
  • Analyze proposed and new rules in addition to market and internal developments provide advice and guidance, as may be required.  Additionally, play an advocacy role representing the Firm in industry efforts (e.g., SIFMA, FIF, etc.) as they pertain to related developments.
  • Assist in the preparation of Compliance reports for Compliance Management, Senior Management, Executive Committees, and Risk Committees etc. as required.
  • Identifying regulatory trends and developments, advising business staff as to how this may impact their current activities and working with supervisors to implement any required changes to current policy / practice.
  • Reviewing research reports, marketing materials, and communications for distribution to institutional clients where necessary.
  • Drafting and updating Compliance policies and procedures.
  • Participating in internal investigations, assisting in responding to regulatory inquiries, and coordinating internal and external audits and inspections.
  • Performing periodic risk assessments of the business and provide regulatory/compliance training as needed.

Minimum Required Qualifications:

  • Bachelor’s Degree or equivalent; JD or MBA a plus.
  • 5+ years of relevant compliance experience, preferably at a major national or global security firm.
  • Experience in providing regulatory or compliance advice in connection with equity investment research is essential.
  • Excellent oral and written communication skills.
  • Ability to make, support and defend difficult and complex regulatory/compliance decisions in a fast-paced and high-pressured environment.

 

 

Preferred Qualifications:

SIE and Series 7, Series 16, and/or 86/87

 

 

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

 

The expected starting salary range for this position is between $110,000 to $177,000 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. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. 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.

 

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 and 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.