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Associate - Compliance Review Controller
mid · Risk & Compliance
Job Title: Compliance Review Controller (Associate)
Department: India Compliance COE
About Business line/Function: CIB
India COE Compliance Hub: The India CoE Compliance Hub serves as a strategic global partner to Compliance functions, helping safeguard the Group’s reputation and manage risk across all business lines. Organized around specialized service domains, the Hub provides expertise in Financial Security (KYC, Sanctions, and Quality Assurance), Operational Risk & Controls, Conduct, Data Governance, Market Integrity, Operational Efficiency and AI Enablement, and other transversal Compliance activities.
Working in close partnership with stakeholders across geographies and business lines, the Hub drives operational excellence, enhances risk management capabilities, fosters innovation, and supports the execution of the Group’s global Compliance strategy.
Responsibilities
Direct Responsibilities
The person will be a part of the Transversal Risk Management (TRM) team reporting to Team Lead, Non-FS Controls.
o Perform testing and controls as defined by testing and control procedures under the supervision of TRM Managers or their delegates in order to assess and review compliance with legal, regulatory and firm’s policy and procedure requirements
o Maintain an audit trail for all work carried out during the control testing, reporting and action plan stages
- Escalate weaknesses identified to TRM Managers for discussion and further investigation if deemed necessary.
- Draft and validate issues and recommendations addressing the root cause of the issues with stakeholders.
- Ensure that all findings and recommendations are entered into the appropriate tool for tracking purposes, perform periodic follow-up with stakeholders of open issues and review / validate submitted closure evidence to ensure proper resolution.
- Report results in Digitized Control Sheets, SharePoint Workflow, CIB/TRM SharePoint Reporting tool & PowerBI dashboards. Ensure to use various tools as rolled out by CIB / TRM-E team from time to time
- Enhance, deliver, and support the annual TRM Plan, ensuring coverage for existing Firm standards, new regulations, changes to existing regulations, and any audit or exam findings.
- Achieve objectives within strict time constraints.
Contributing Responsibilities
- In the spirit of continuous improvement, assist with the identification of potential enhancements to the TRM process, tools, reporting and analytics and provide suggestions on how to improve, add to, or streamline current practices in the firm.
- Assist the team manager with tasks which may include assisting in testing reviews, preparing materials, organizing meetings, and taking minutes.
- Respond timely to internal or external requests for information and analysis.
o Assist in responding to regulatory and internal audit queries.
- Assist with related Compliance monitoring activities as needed.
- Promote a compliance culture within the firm which supposes also to update knowledge on a regular basis.
Technical & Behavioral Competencies
o Excellent IT and excel skills
o Excellent communication and project management skills
o A good understanding of Financial Markets (participants, basic products and activities) and related Compliance topics including AML, Sanctions, KYC, KYI, KYS, KYX, Market Integrity, Market Abuse Surveillance, Swap Dealer, Banking Structural Reforms, Client interest Protection, Client Fiscal Regulations, Professional Ethics topics
o Team player with interpersonal and teamwork skills
o Self-confidence, ability to stand their ground when required
o Flexibility and adaptability to work on different topics
Specific Qualifications:
o Bachelor's degree or higher from an accredited institution
o Compliance, Audit, Risk Management qualifications.
Skills Referential (Required knowledge, skills and abilities)
- Minimum 5 years’ experience working for a financial services firm and/or self-regulatory organization in a Compliance Monitoring/Testing, Internal Audit or regulatory related position.
- Working knowledge of capital markets and investment banking activities and regulatory requirements governing those activities.
- Strong analytical, organizational abilities, project management skills and attention to detail.
- Problem solving, critical thinking, investigative and root cause identification skills.
- Advanced computer skills including MS Excel (including macros), Word, and PowerPoint; Power BI is a plus.
- Excellent execution skills with the ability to work successfully under demanding deadlines.
- Team player with ability to work collaboratively across Compliance.
- Excellent interpersonal and communication skills with the ability to interact effectively with front and back-office staff and senior management
- High ethical standards.
- Flexibility to adapt to a new and changing environment.
Technical Skills:
o Basic knowledge on AI and python preferred
Behavioral Skills:
o Ability to collaborate / Teamwork
o Attention to detail / rigor
o Decision Making
o Communication skills - oral & written
Education Level: Bachelor Degree or equivalent
Location: Mumbai
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, 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, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.