Chief Conduct and Controls Officer - London, United Kingdom - BNP Paribas

BNP Paribas

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

CHIEF CONDUCT AND CONTROLS OFFICER (

JOB NUMBER:
28364)

BNP Paribas is the European Union's leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe.

Our Group holds key positions in its three main fields of activity:
Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.

Our Securities Services business, which forms part of CIB, is a leading global custodian providing specialist post-trade and asset servicing solutions to buy and sell-side market participants, corporates and issuers. Based in 35 locations around the world, our award-winning Securities Services teams have built one of the most extensive custody network in the industry, giving clients the connectivity and local knowledge they need to navigate change in a fast-changing world.

A transversal support team within the Securities Services UK Business Unit to ensure that the permanent control framework and monitoring of risks is effectively and correctly applied.

It also provides oversight across any remediation/open regulatory, compliance or audit action points and that they are appropriately brought to conclusion and within the set timelines.

The department actively participates into the related key governance forums and is also responsible for the implementation of the Conduct and Control programme.

To create the Chief Conduct and Control Officer function to build an effective First Line of Defence Community with common risk approach, methods and tools, including taking a senior key role in the Securities Services UK governance in relation to these topics:

Ensuring the continuous implementation and adaptation of the permanent control framework.
Contributing to the identification and assessment of operational risks.
Ensuring proper monitoring, awareness and training on the risk mitigation framework.
Ensure robust oversight of regulatory, conduct, and control matters through deploying a strong local framework on nonfinancial risks linking first line of defence (1LOD) with close coordination with the 2LOD.
Chair the Securities Services UK Internal Control Committee and participate in other key governance forums
Ensure appropriate escalation of any matters of concern/risk

Oversee the impetus on implementing the conduct and control programme for the UK and Middle East

Key Responsibilities

Level 1 controls oversight, Compliance and Conduct policies and regulatory obligations
Provide guidance to the UK & ME management team to support them with meeting their compliance and regulatory obligations
Establish standard reporting to monitor audit points, policies, procedures, RCSA and GCPs, etc.
Ensure global CCCO processes roadmap and remediation plans are implemented in the region and managed and reported correctly
Provide oversight of the outsourcing and sourcing arrangement through the Third Party Risk Management framework and maintain the Securities Services UK procurement and Outsourcing policy and managing the delivery and costs of territory procurement services.
Provide oversight of the day to day implementation and then ongoing testing of controls with regard to the Data Protection Information and Record Retention and Data Management policies.
Preparation for meetings with the regulator or their requests for information where they fall within the scope of this role
Continuously enhance the Securities Services UK operational risk management framework:
Establish standards for defining the risk cartography, and implementing, evaluating, tracking, reporting, and testing of controls
Monitor roadmaps and priorities
Review periodically existing control framework and propose enhancements, including mechanisms for feedback loops
Monitor local market practices and regulatory change to ensure framework remains on par with peers and local supervisory expectations and any local requirements are escalated to the global process roadmap
Oversight of Compliance and Risk, and managing the cost of services.
Ensure conduct dilemmas are fully documented and escalated appropriately, where required. Run annual conduct dilemmas training programme
Lead on any conduct related projects as directed from Head Office
Oversee the delivery of conduct related level 1 controls processes
Be the single point of contact on conduct for the region and ensure effective communication of conduct topics for staff
Set up an efficient collaboration and liaison with all Securities Services UK (location and region), Securities Services CCCO and local CIB UK CCCO stakeholders
Governance
Preparation, management and contribution to key governance meetings as outlined in their respective terms of reference