Compliance Monitoring Officer - London, United Kingdom - BNP Paribas

BNP Paribas

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

BNP PARIBAS ASSET MANAGEMENT ('BNPP AM) IS THE INVESTMENT ARM OF BNP PARIBAS, A LEADING BANKING GROUP IN EUROPE WITH INTERNATIONAL REACH. AT BNPP AM, WE AIM TO GENERATE LONG-TERM SUSTAINABLE INVESTMENT RETURNS FOR OUR CLIENTS, BASED ON A UNIQUE SUSTAINABILITY-DRIVEN PHILOSOPHY.

THIS PHILOSOPHY HAS SHAPED OUR FIRM AND DIRECTS ALL WE DO:
OUR STRATEGY, OUR CULTURE, OUR STRUCTURE, OUR PRODUCTS AND OUR PROCESSES; THE WAY WE ENGAGE WITH OUR CLIENTS AND OUR ROLE IN INFLUENCING THE COMPANIES AND THE MARKETS WE INVEST IN
:

Role Description and purpose
To provide the firm with all the necessary information, guidance, advice and documentation to help ensuring compliance with FCA and other regulatory) and/or group requirements as determined by the Head of UK Compliance.

Compliance Monitoring:

Perform Independent testing of first line controls, Compliance Group Control Plan (GCP), desk-based monitoring and thematic reviews on all the firm's activities.

Regulatory Implementation:

To participate in the analysis and implementation of new regulations impacting the firm.

General Support to the Compliance Department:

To provide ongoing assistance to the Compliance team on day-to-day business queries, regulatory implementation, ad-hoc projects as directed by the Senior Compliance Officer.

Produce Management Information for Compliance, the group and local governance committees on a monthly basis and as required.

Policies, Procedures and processes:

Participate in the collective team effort to ensure that the Compliance Manual and the compliance policies, procedures and processes be up-to-date and reviewed on an annual basis.

key responsibilities

Monitoring Compliance:

Completion of Independent testing, GCPs, thematic reviews and deskbased monitoring as per the yearly Compliance Monitoring plan on a timely basis, in accordance with the methodology.
Assist with the update and development of the annual Compliance Monitoring plan.
Meet with the representatives of the business areas to which the topic under monitoring relates to.
Planning, executing and reporting the findings of the monitoring activities to the Senior Compliance Officer.
Drafting reports, present findings and recommendations to the business.
Track completion of recommendations raised.
Maintaining accurate and complete records of monitored activities.
Participate in the production of Management Information ("MI") on a monthly basis, or at any other frequency as required.
Participate in the Risk Management Framework of the firm on an annual basis or at the request of the BNP Paribas Group; not limited to, the Risk and Control Self-Assessment (RCSA); the Risk Taxonomy, the Risk Register etc.
Liaise with the Compliance Domains in Paris and the business in order to provide feedback/advice based on gaps identified from the monitoring performed.

Front Office and Market Integrity

Compliance contact for the Front Office business, including regular meetings with stakeholders.
Compliance contact for Market Integrity domain including regular meetings with MI Domain Paris, new regulation, policies and procedures and new initiatives etc.
Compliance contact on best execution, wall crossing, disclosures (short selling, holding disclosure, Takeover Panel, MiFID II reporting etc) and other Market Integrity topics.
Horizon scanning of new EU and UK regulations that could impact the firm; and participating in UK and Group led projects.
Provide analysis on the applicability and impact of new EU and UK regulations to the firm.

ROLE REQUIREMENTS:

Essential skills/competencies

Knowledge of the FCA Handbook with particular emphasis on the COBS, SYSC and SUP Sourcebooks.
Knowledge of the European Directives, including MiFID II.
Good communication skills to deal with various stakeholders and senior management.
Good written skills including ability to cogently present concepts and ideas.
Analytical/Problem solving skills and ability to document overall thinking.
Excellent time management in order to prioritise workload and conflicts.
Good ability to work independently.
A desire to work cooperatively with others to maximize effectiveness within the Compliance team and across the international network and matrix organisation.
Shows high level of selfawareness, understands impact of own behaviour on others, and upholds the highest standards of company values/ practice.
Motivated selfstarter. Proactive

Conduct

Be a role model, supporting and fostering a culture of good conduct
Demonstrate proactivity, transparency and accountability for identifying and managing conduct risks
Consider the implications of your actions on colleagues, partners and clients before making decisions and escalate issues to your manager when unsure

Essential qualifications & experience