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Vice President - Policy, Advisory, & Implementation Officer
BNP Paribas
New York, NY, United States
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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.
www.cib.bnpparibas.com
Business Overview:
The Management of the BNP Paribas has committed to ensure compliance with AML/Embargo & Sanctions rules within the entire Group. In this context, Group Compliance has decided to have a strong and permanent set-up within the US: Group Financial Security US (“GFS US”). The objectives of this unit include:
• Having the responsibility for the BNP Paribas Group framework in relation to Compliance with US Sanctions.
• Ensuring a legal watch in relation to US Sanctions in liaison with Legal Affairs.
• Issuing norms, policies and procedures in relation to Sanctions and applicable across the BNP Paribas Group.
• Providing advice on situations linked to US Sanctions across the Group.
• Acting as the ultimate level of management of the US Sanctions – related alerts.
• Acting as the sponsor of tools used to filter flows against embargo/sanctions lists.
• Risk assessing the Group’s branches & affiliates regarding non-compliance issues through a permanent risk oversight.
• Performing on-site controls within BNP Paribas Group to verify that BNP Paribas entities comply with norms issued by GFS-US.
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The team is tasked with producing norms, policies and procedures relating to international financial sanctions; the creation and delivery of global and targeted training against the same; and contribution toward effective management of the Group’s Financial Security community to ensure a robust control framework and coherence among the different levels of controls for the Group.
• Policies and Procedures
• Ownership and maintenance of the Global Sanctions Policy
• Review and management of corpus for all Level 2 Financial Sanctions Policies & Procedures
• Sanctions-Related Product Risk Assessments and other requests for derogation from Group norms
• Training
• Global and Targeted Training
• Certification of Compliance Officers [“IFSCOs”]
• Communications & Community
• Maintenance of the GFS US Website
• Standardize P&P terminology, establish issuance of Sanctions Notices and Guidance memos for clarification of Sanctions topics
Responsibilities:
The successful candidate for the position will report directly to the Director - Policy, Advisory & Implementation (“PAI”) Lead within Norms and Procedures (“NAP”) and support the NAP Team by contributing to a group of analysts in overseeing a smooth and effective functioning of all document creation, editing and implementing. You will review existing Group policies and procedures and be asked to draft new procedures in order to address emerging sanctions process issues. This hire will be tasked with being Group Financial Security’s primary liaison with Local Compliance and Business contacts for all Sanctions Product Risk Assessment (“SPRA”) questions and risk acceptance reviews. They’ll also assist the Head of NAP and the Director-PAI Lead in responding to all policy-application requests received from Inspection Generale and external regulators. This position requires 10 - 20% international travel.
• Draft sanctions-related policies and procedures
• Review and edit existing policies and procedures
• Contribute to policy-related metrics for the Head of Norms and Procedures
• Have primary oversight and ownership of the Group’s corpus of Sanctions-related policies and procedures: includes tracking, reporting, and updating.
• Coordinate with other groups in GFS to drive validation of all GFS-U.S. issued policies and procedures Partner with various internal and external Bank stakeholders
• Collaborate with local Compliance and the Business to review and complete sanctions-related product risk assessments
• Assist and support Compliance in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to Sanctions
• Familiar with both E.U. and US Sanctions policy
• Deliver Training
• Assist and support the Group Financial Security U.S. Team
Minimum Required Qualifications:
• Undergraduate degree, finance or business related majors
• 5 – 10 years’ experience in a banking environment
◦ Experience in Compliance with in depth knowledge of Sanctions and AML regime is highly desirable
◦ Working knowledge of banking products & services
• Excellent written and oral communication skills, including the ability to communicate clearly, concisely and effectively to a wide spectrum of external and internal audiences, including senior executives
• Experienced at distilling bank policies and procedures to produce training materials
• Experienced at interpreting regulation and applying regulation to Group standards for policies and procedures
• Strong organizational skills with proven ability to drive multiple initiatives to completion simultaneously
• Strong analytical skills
◦ MS Office proficiency
• Ability to work independently & embody firm values
Preferred Qualifications:
• Graduate degree a plus
• French language skills (reading, writing, speaking)
• Previous experience managing other employees
• Familiarity with traditional and modern training methods and techniques a plus
• Knowledge of BNP Paribas Group activities and organization a plus
FINRA Registrations Required:
• 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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