Global Head of Market Abuse Surveillance - Managing Director
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, 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.
BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.
The CIB Compliance Department provides transversal support to all of the business functions performed globally across BNP Paribas. Market Integrity centres on the concept that corrupt and inefficient markets are unattractive to investors. Regulators, law enforcement, exchanges, financial institutions, and investors all rely on the orderly operation of financial markets in order to provide a foundation of economic growth and efficient access to capital. The violation of these principles can cause severe disruptions in investor confidence and ultimately threaten the stability of the financial system.
The Market Abuse Surveillance team provide expertise on all Market Abuse risks in Global Markets, CIB and other parts of the bank, ensuring strong oversight over the means by which the bank detects potential misbehaviour from our employees and our clients, escalates potential issues to Senior Management and reports potential issues our Regulators.
Markets Abuse Surveillance provide compliance input in relation to Market Abuse risks, ensuring implementation of tools to detect market abuse and the implementation of policies and procedures to manage those risks
The Global Head of Market Abuse Surveillance is sits within Compliance CIB and reports to the Global Head of CIB Compliance.
The Global Head of Market Abuse Surveillance sits within the CIB Compliance Team and is responsible for the implementation and coordination of the surveillance framework across all regions. The Global Head of Market Abuse Surveillance is the preferred global "Point of Contact", in charge of harmonizing Compliance Surveillance Oversight on a global scale. The role requires strong global coordination and collaboration, however the EMEA Head of Market Abuse Surveillance reports directly to the Global Head. While the role sits within CIB Compliance, the Global Head is responsible for Market Abuse Surveillance coordination and governance across all areas of the Group. Key responsibilities of the role are:
- Act as a Global point of contact on Market Abuse Surveillance related matters for Senior Management of the bank across all business lines, Comex members of Compliance and for external regulators.
- Design and deliver the global strategic vision for the Market Abuse Surveillance program across the shared surveillance setup and institute a Global Surveillance framework to comply with Market Integrity regulation, in coordination with the Regional Heads of Compliance, Regional Heads of Market Integrity and the Global Market Integrity Domain
- Define and institute Compliance Surveillance and Business Oversight programmes ensuring proper risk mitigation across all regions.
- Design and implement global consistency across the surveillance framework alignment in governance, policies, standards and risk monitoring.
- Deliver consistent and comprehensive surveillance targeted framework responsive to the rising expectations of regulatory authorities and emerging risks.
- Maintain a globally integrated Surveillance framework across Trade, E-Comm, Voice and (where appropriate) Money Laundering investigations within Compliance through alignment and communication/information exchange between relevant investigative teams, including harmonization of common tools, policies, risk thresholds and escalation/reporting protocols.
- Solidify governance within CIB Compliance, including over Trade and E-Comm surveillance models and metrics monitoring, testing methodologies, technology tool governance and systematic Voice surveillance.
- Determine optimal technology tooling, syndicating with regional teams
- Drive decisions regarding the global resource needs in Compliance for Surveillance for the Budget, including nearshoring and other strategic resourcing needs as necessary.
- Work closely with business management on strategic initiatives and emerging issues
- Identify opportunities to streamline processes to gain efficiencies globally and drive work with the technology teams and regional teams to implement.
- Monitor the efficacy of the shared surveillance setup; detect issues, violations and areas for improvement relating to policies or legal, regulatory or ethical requirements.
- Work with Global counterparts (i.e., Supervision, Risk Framework, AML Transaction Monitoring, Conduct and Internal Audit) and other key stakeholders across the three lines of defense to ensure the timely and efficient implementation of appropriate risk controls globally.
- Take part in decision processes regarding material escalations/investigations arising from supervision/conduct, fraud, market abuse and other internal matters.
- Represent Compliance in regards to matters stemming from regulatory inquiries and examinations. Conduct and negotiate closure and remediation discussions with regulatory authorities on behalf of BNPP
- Drive the overall procurement process for the onboarding or enhancement of surveillance tools, from demo & proof of concept stage to full production release of upgrades. Guide the process to ensure collaboration between senior management of all stakeholder groups (e.g. IT, Record Retention, Front Office Conduct & Surveillance, Legal, etc.)
- Coordinate and provide final approval on Global SLAs amongst various firm functions to support surveillance initiatives. Analyze and resolve applicable cross-border issues such as those pertaining to privacy, client data, scope, etc.
- Interact with Senior Management of the Bank across business lines and geographies. Participate in high level and sensitive Firm discussions as an advocate of the global Compliance function.
- Extensive senior-level Surveillance management experience gained in a highly complex, global financial institution, with strong technical knowledge of global compliance regulations and of global markets businesses.
- Strong ability to apply knowledge of rules and regulations to numerous types of trading and banking activities and operational arrangements in addition to interpreting the effect of new regulations on these activities.
- Proven experience in establishing a vision, developing the strategy to support the vision, gaining consensus across key functional leadership through effective communication, and driving action towards the vision through the effective management of goals and objective
- Excellent interpersonal and communication skills, including in writing
- Ability to interact effectively across regions and businesses with various levels of management and maintain relationships and gain buy-in and engagement from a variety of stakeholders
- Stakeholder engagement experience, including with clients, investors, non-governmental organizations and regulators.
- Strategic thinker with experience coordinating and collaborating with multiple stakeholders, including senior Firm and Business Unit management.
- Strong change management and leadership skills (with previous experience leading large global teams), and knowledge of emerging surveillance technology and methodologies.
- Proven experience as a highly effective leader with credibility from demonstrating strong business and technology acumen.
- Experience with vendor solutions such as Actimize Market Surveillance, Nasdaq SMARTS, and Sonata.
- Proven record of accomplishment demonstrating the ability to deliver effectively in a highly matrixed/cross-cultural organization.
- Experience and knowledge of sanctions and fraud matters.
- Ability to navigate and negotiate through conflicting demands to maintain focus on global priorities and objectives while ensuring key stakeholders’ needs are met.
- Attention to detail and the ability to manage multiple undertakings at the same time and with different level of granularity, constantly keeping focus on global priorities.
BNP Paribas promotes equality of opportunity and is committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation.
As an employee with BNP Paribas London Branch, we want to make sure that you are rewarded for your commitment. As such, you will be entitled to our award winning benefits package which includes a generous holiday allowance of at least 34 days (including bank holidays), a non-contributory pension of 12%, private healthcare, GP service and dental cover all as standard, along with a number of personal insurances such as income protection, life assurance and personal accident insurance. We believe in ensuring all our employees have a positive work life balance so in addition you will also have access to a variety of flexible lifestyle benefits such as cycle to work and green car leasing schemes, season ticket loans and reduced cinema and gym membership to name a few.
For further information, and to apply, please visit our website via the “Apply” button below.