Vice President - Senior Swap Dealer Compliance Officer

$115,000 - $190,000/Yr

BNP Paribas - Jersey City, NJ

Full-time - Mid Level

Jersey City, NJ

10,001+ employees

Credit Intermediation and Related Activities

About the position

The Global Banking Regulations (GBR) group is a Compliance global team covering Structural Banking Reform (CFTC Swap Dealer, SEC Security-Based Swap Dealer, French Banking Law, and Volcker Rule). With respect to the CFTC Swap Dealer and the SEC Security-Based Swap Dealer requirements, GBR's key missions are to organize and contribute to supervise the compliance program for Swap Dealer rules, both within the registered perimeter and for unregistered entities; monitor, analyze and advise on the implementation of proposed and final rules promulgated by the CFTC, SEC and NFA on swaps and security-based swaps; oversee the Volcker Rule and French Banking Law compliance program in the Americas region; and report and escalate to senior management regulatory developments, progress on regulatory initiatives, issues, violations or other matters of interest.

Responsibilities

• Provide coverage as and when required of senior management meetings at the direction of the Head of GBR U.S.
• Act as subject matter expert for all matters relating to the Swap Dealer.
• Participate in the preparation, and timely filing, of various swap dealer reports, including NFA Member Questionnaire, Annual CCO Report, Risk Exposure Report and NFA Monthly risk report.
• Serve as additional regulatory compliance contact for the CFTC and NFA on certain complex inquiries, audits and enforcement actions.
• Notify management immediately of any identified regulatory risks, and deliver all work product in a timely manner.
• Monitor and analyze proposed and final rules promulgated by U.S. financial regulators.
• Represent BNP Paribas in industry working groups dedicated to advocacy, interpretation and implementation of new and proposed regulations.
• Assess the impact of new rules and regulations to existing policies in the U.S. and overseas, and work with local and global implementation teams to implement regulatory change.
• Provide regulatory guidance to local and overseas management, business lines, and functions, and on regulatory risks and challenges.
• Advise the Business Lines and Functions on registration requirements for existing and proposed activities.
• Draft and adapt Group policies, procedures and guidelines to reflect any change in regulations or processes.
• Participate in the development and implementation of strategic initiatives if required.
• Contribute to build and deploy Level 2 permanent control capabilities, advise and assist Compliance Review Team efforts in their testing of first- and second-level controls.
• Contribute to the deployment of a robust training plan at Group level and definition of the standards in conjunction with GBR training referent HR partners.
• Develop training materials and provide training to other compliance advisors, the business and key functions.
• Facilitate audits and controls by level 3 control teams and external regulators.
• Contribute to responses to external regulators, both on a regular basis and upon request.
• Contribute to any internal reports and regional governance required within the Group.
• Provide Advisory services to the Business for specific new transactions or activities.
• Participate in the Business Line governance as needed.

Requirements

• 5-10 years investment banking experience with a broker-dealer, swap dealer, and/or related legal or regulatory experience.
• Working knowledge of US and International G10 regulations in the area of structural bank reform and OTC derivatives.
• Strong capabilities to spot and anticipate issues when reviewing the Risk Assessment and Internal Control plans.
• Strong organizational and project management skills.
• Strong interpersonal skills to foster collaboration within the team and with key partners.
• Strong communication skills with the ability to communicate clearly and succinctly on complex topics to C-level managers.
• Keen sensitivity to risks; rigor and independence in addressing those risks.
• Strong work ethic and Compliance mindset; integrity and an ability to work autonomously.
• Strong team player.

Nice-to-haves

• JD or MBA, with preference to Business or Finance majors.
• 5+ years of relevant experience in a Swap Dealer Compliance office position or similar role in Compliance/Legal or Risk departments.
• Working knowledge of Volcker Rule requirements, and experience overseeing a Volcker Rule compliance program.

Benefits

• Medical, dental and vision coverage
• 401(k) Savings Plan
• Backup childcare
• Life, accident and disability insurance
• Mental health support
• Paid time-off
• Eligibility for a discretionary bonus