Position Purpose
A key role in the Regional Global Markets & ALMT Compliance Governance Model and a senior member of the regional Compliance team.
Manage and be responsible for a cross-border team of Compliance officers based in Hong Kong and Singapore. Support the Regional Head of Global Equities Compliance and the Regional Head of Global Markets & ALMT Compliance, coordinate all Equity Derivatives, Equity Syndicate, Derivatives Execution and Clearing coverage-related activities and action plans.
Responsible for the provision of compliance advice and challenge to Business and other stakeholders in all jurisdictions across APAC for business lines of Equity Derivatives, Equity Syndicate, Derivatives Execution and Clearing. Closely liaise with, challenging and keeping regularly informed the relevant business seniors. Also responsible for timely communication on key topics to Territory Compliance heads.
Act as the central escalation point of various regional projects relating to Equity Derivatives, Equity Syndicate, Derivatives Execution and Clearing. This position will also act as one of the main Compliance contact points for the implementation within Global Markets of local, regional, and global projects, and reform initiatives for the Equity Derivatives, Equity Syndicate, Derivatives Execution and Clearing business lines. He or she will lead regional training initiatives aimed at maintaining consistently high levels of front office proficiency in relevant rules and regulations, codes of conduct, and particularly the laws and regulations governing the bench marking activities and various remediation requirements for APAC Global Markets business.
Stakeholders include all relevant business and functional heads and teams in APAC, within Global Markets Department and within Compliance; and various regulatory authorities in APAC.
What would be your typical day at BNPP Paribas look like?
- Accountable for the part of the Global Markets APAC Global Equities Compliance program that relates to Equity Derivatives, Equity Syndicate, Derivatives Execution and Clearing
- Promotion of awareness, culture, missions and responsibilities of BNPP Group Compliance functions
- Manage the Equity Derivatives, Equity Syndicate, Derivatives Execution and Clearing Compliance team. Ensure the team collaborates effectively and efficiently with stakeholders
- Challenge and advise the front, middle and back office to ensure compliance with internal policies and external regulatory requirements for his/ her perimeter
- Leading initiatives and managing projects and work streams for solutions
- Design and implement risk and control frameworks
- Represent BNPP and participate in industry groups, associations and forums
- Proactively identify and manage/ help to mitigate the compliance, regulatory and reputational risks for his/ her perimeter
- Keep abreast of regulatory developments, advise on regulatory changes and interpretation of laws, rules and regulations to relevant stakeholders
- Ensure effective monitoring and implementation of internal process, procedures, and controls
- Liaise with local regulators and stakeholders for the handling or coordination of regulatory inquiries, audits, inspections, questionnaires and surveys for his/ her perimeter
- Supervise the handling and investigation of compliance issues, incidents, and breaches in conjunction with various internal parties, and prepare various MIS and incident reports for his/ her perimeter
- Oversee the roll out and update of global and regional compliance policies and procedures for Global Markets business and ensure compliance thereof for his/ her perimeter
- Identify the need for, and lead to successful completion of various local and regional compliance projects in relation to Global Markets Compliance.
- Supervise compliance programs, such as review of marketing documents, conflicts identification and mitigations, desk reviews, follow through internal compliance reports
- Periodic review, update and introduction of Compliance policy and procedures to ensure continuing relevance; and providing guidance, interpretation and direction to stakeholders
- Lead in the organization, administration and provision of compliance training. Constantly looking to improve the content so it is up to date and on point with evolving regulatory expectations
- Ensure effective collaboration with global Compliance teams, providing timely updates, achieving global consistency where efficient and practical
- Responsible for the efficient running of the Compliance team. Actively looking for appropriate steps to improve efficiency and effectiveness including by further use of technology, appropriate delegation, standardizing and streamlining tasks, etc.
What is required for you to succeed?
The incumbent will have knowledge in most if not all of the following areas:
Equities Sales and Trading, Equity Derivatives, compliance-relevant topics focused on Market Integrity including good working knowledge of listed exchange and OTC trading venue rule books, familiar with market abuse risks.
Strong analytical and problem-solving skills. Willing to learn, tenacious, hardworking and enthusiastic. The candidate must possess good communication and social skills to be a team player and work with all levels. Independent minded, with good command of written and spoken English. Sound knowledge of Word, Excel and PowerPoint. Familiarity with legal documentation for electronic trading agreements is a significant benefit.
Specific Qualifications Required
Education: Undergraduate Degree
Experience: Minimum of 15 or more years of relevant experience, including in the Compliance department of a financial institution, with knowledge of Global Markets Global Equities compliance issues as set out above. Possess an excellent knowledge of HKMA/ SFC requirements (e.g., SFC Code of Conduct), as well as regional and global regulatory requirements and their practical application.
The candidate should be a senior professional with regulatory and related industry experience. This will entail sufficient experience and a good understanding of the regulatory environment and the key challenges and developments which the business as well as the wider industry faces.
About BNP PARIBAS
As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
- BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
- BNP Paribas MixCity which fosters better representation of women at all levels of the organization
- Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
- BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
https://careers.apac.bnpparibas/
More information
BNP Paribas - Diversity & Inclusion Journey
BNP Paribas - The Bank Of Green Changes
Award Obtained BNPP has won Top employer Europe award in a 10th consecutive year