Vice President – Foreign Exchange, Local Markets & Commodities Compliance Officer

  • Competitive
  • New York, NY, USA
  • Full time, Permanent
  • BNP Paribas
  • 11 Dec 17

Primary responsibilities include assisting the senior advisor for the Foreign Exchange, Local markets and Commodities (FXLMC) desks across business lines with various tasks and interfacing with other compliance areas to address, among other things, the following topics:

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

Business Overview:

This group focuses on advice, training, monitoring and other second line of defense control function services provided in the coverage Fixed income (Rates and Credit) Commodities and Currencies (FICC) sales and trading desks. 

Responsibilities:

Primary responsibilities include assisting the senior advisor for the Foreign Exchange, Local markets and Commodities (FXLMC) desks across business lines with various tasks and interfacing with other compliance areas to address, among other things, the following topics:

  • Compliance coverage of the FXLMC desks
  • Review and provide compliance advice in connection with existing new or amended rules / regulations affecting the FXLMC desks
  • Provide real time advice to trading, sales on the floor as ad hoc issues arise
  • Produce new policies and procedures, and assess and remediate gaps in existing policies and procedures for current and new regulatory requirements.
  • Liaison between Capital Market Surveillance and the relevant trading desks
  • Assisting in development and documenting of compliance policies and procedures, written supervisory procedures and other tailored or discreet compliance advisory bulletins;
  • Preparing and leading compliance training for new and existing staff;
  • Assisting Inquiries and Examination teams in responding to regulatory inquiries and examinations;
  • Provide advice on new products, services and business activities in connection with the firms NAC/TAC Committees
  • Asist the risk assessment and testing teams with business unit risk assessments and testing
  • Assist in FICC specific matters such as treasury auctions, TRACE-related issues

 Minimum Required Qualifications:

  • Bachelor’s degree from accredited university
  • 5 or more years of relevant Broker/Dealer compliance experience directly with the front office or risk management areas covering these products
  • Must have working knowledge of the products covered as well as relevant CFTC, CME, FERC and other relevant rules and regulations; knowledge of electronic and algorithmic trading also helpful
  • Strong organizational skills and capable of dealing with multiple projects simultaneously;
  • Good interpersonal skills and effective writing, analytical and communication skills;
  • Understanding of trading systems and basic programming knowledge;
  • Proficient in conducting in-depth analysis of trading systems designs, identifying and escalating potential regulatory issues;
  • Ability to write and speak articulately and concisely
  • Strong client management skills

Preferred Qualifications:

  • MBA is a plus

FINRA Registrations:

  • Not Applicable