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Vice President - Securities Services Compliance Officer
BNP Paribas
Denver, CO, United States
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BNP Paribas Group:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. 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, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
Business Overview:
The primary business lines for BNP Paribas Securities Services (“BP2S”) in the United States include fund administration, custody, paying agent, securities lending and transfer agent. The position reports to the Head of BP2S U.S. Compliance. Most BP2S activities take place within BNP Paribas Financial Services LLC and BNP Paribas New York Branch, a wholesale branch licensed by the State of New York.
www.cib.bnpparibas.com
Responsibilities:
The Securities Services Compliance Officer (the “Compliance Officer”) is responsible for:
• Assisting the Head of BP2S U.S. Compliance (“Senior Compliance Officer”) with providing direct Compliance support to the BNP Paribas Financial Services LLC (“BNPP FS”) group located in Denver, Colorado. In addition, this position supports the operations located in New York, N.Y., Jersey City, N.J. and in King of Prussia, Pa.
• Supporting the Senior Compliance Officer by providing daily advisory support to BP2S employees.
◦ Will be responsible for assisting with the implementation of BP2S Corporate Compliance Policies and procedures regarding customer due diligence, internal controls, review of advertising and marketing materials, annual and specialized training, execution of special projects as assigned within his/her perimeter of responsibilities.
◦ Will be responsible for assisting the Senior Compliance Officer with various statistical reporting to BP2S Group Compliance.
• Providing advice and support on Compliance matters pertaining to Operations, customer due diligence, internal control procedures, and business line risk assessments.
• Providing advice/support to BP2S Custody Operations to ensure current internal controls/operating procedures in place are appropriately aligned with SEC “40 Act” regulatory requirements outlined in sections 17 CFR 240.17f-1 through 17f-7 (e.g. safekeeping of investor assets, segregation of assets, overseeing 3rd party services providers, etc.).
• Advising BNPP FS businesspeople regarding oversight of processes concerning corporate actions, proxy voting, stock loan restrictions, pricing/valuation of securities/portfolios, exception reports covering collateral coverage for derivatives, and oversight of mutual funds’ financial reporting and certain regulatory filings such as Form N-SAR and Form CPO-PQR.
• Assisting with targeted due diligence reviews of selected customers and counter parties, i.e., Introducing Brokers, and Custody clients.
• Assisting the Senior Compliance Officer with coordinating and preparing for all Internal Audit reviews, Compliance reviews and regulatory examinations.
• Monitoring changes in regulations pertaining to BP2S activities and assist Senior Compliance Officer with articulating the practicable implications of those changes to the business and advise the Senior Compliance Officer on any required changes to policies and procedures.
Minimum Required Qualifications:
• BA or BS required.
• 5 - 10 years of Compliance/ Regulatory experience in a mutual fund complex, bank or broker-dealer environment.
• In-depth experience with the Investment Company Act of 1940, related regulations and required reports.
• Direct, hands-on experience in a US Clearing Broker or in a Bank Custody Operations environment involving US dollar denominated securities held on behalf of foreign and domestic counterparties.
• Knowledge of agency-based Securities Lending activities on behalf of third parties and affiliates.
• Knowledge of general State and Federal banking regulations, securities laws and registration regulations and an ability to apply new regulations to the business operations of BP2S.
• Knowledge of Bank Secrecy Act, USA Patriot Act, Dodd Frank and FATCA and their applications to wholesale banking operations.
• Familiarity with FINRA broker-dealer supervisory requirements.
• Strong organizational skills, ability to write and speak articulately and concisely.
• Demonstrated ability and experience in conducting training for staff engaged in a variety of business activities.
Preferred Qualifications:
• MBA is a plus
FINRA Required Registrations:
• Not Applicable
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
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