Compliance Surveillance Analyst FI/FX - Vice President

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.

CIB UK Compliance is an independent function responsible for providing specialist advice and support to UK Senior Management, business lines and functions in adhering to internal controls and external rules and managing compliance risks.

The function typically acts as a second line of defence covering areas including controls, assurance, monitoring, professional ethics, training and competence, whistleblowing, money laundering, market abuse, financial security and regulatory liaison. This includes providing advice on the development of control frameworks and conducting regular assessment of the effectiveness of controls.

The Market Abuse Surveillance team provides a comprehensive and consistent compliance market abuse surveillance and risk management framework across all CIB business lines and functions across EMEA.

• Perform day to day L2 trade surveillance alert investigations on Fixed Income/ Forex across CIB EMEA as part of a team of FI/FX subject matter experts based in Paris and London
• Assist in and document market abuse related investigations which may arise via regular surveillance escalation (acting as L2) and ad-hoc cases including whistleblowing, management request, etc.
• In case of ad-hoc investigations, the role is expected to lead, coordinate or contribute to investigations and reports depending on the scope, products and complexity of the matter.
• Acting as an expert, to work within the Market Abuse Surveillance team in all related tasks including the development and embedding of surveillance, risk coverage with respect to relevant regulatory requirements.
• Acting as SME, you will be part of the training/review process with our L1 team based in Mumbai.
• Additionally, document Market Observations (MO’s) / Suspicious Transaction and Order Reports (STOR’s) for review and submission.

• Expert in trade surveillance
• Perform day to day L2 trade surveillance investigations on Fixed Income/Forex across CIB EMEA and to review STOR’s and MO’s before submission.
• Manage alerts for trade surveillance and business escalations, conduct end-to-end investigation and MO’s / STOR’s filing to the regulators if needed.
• Manage MO’s, STOR’s or Near Miss recording in referential tool used for escalation and any regulatory reporting.
• With respect to MOs, STORs and Near Misses as well as present the conclusions (and lessons learnt, if any) to relevant governance and management forums while maintaining the required confidentiality of cases.
• Liaise with Compliance teams locally, regionally and globally on escalations and investigations.
• Effectively contribute to the development and enhancement of the trade surveillance models.
• Contribute to the setup, implementation and operation of new surveillance technology.
• Be actively involved in recommending enhancements to surveillance processes.
• Assist with the planning and implementation of any tactical or strategic solutions in order to fulfil Regulator / Internal audit / Compliance requirements.
• Produce and maintain relevant Standard Operating Procedures.
• Support the L1 offshore team by acting as point of escalation.
• Train L1 team based in off-shore.

Ad-hoc investigations and read across reviews:

• Contribute to the relevant ad-hoc investigations and relevant reporting as requested by line manager.
• Develop and maintain a close working relationship with Compliance and other colleagues on market abuse surveillance investigation matters.
• When requested by line management perform read across reviews or deep dives into market abuse related subjects which are flagged as concerns internally and / or external industry developments or regulatory inquiries.

• Previous compliance surveillance experience.
• Detailed knowledge of specific Compliance principles and processes in Market abuse surveillance and monitoring.
• Understanding of Market Abuse and associated regulation including MAR and MiFID.
• Good working knowledge of the UK regulatory framework and its application to banking.
• Good analytical skills and an ability to translate knowledge and experience into advice and recommendations.
• Good working knowledge of the UK regulatory framework and its application to banking.
• Excellent written and oral English skills in order to articulate technical issues and effectively communicate with individuals across the business.
• Strong knowledge of Trader activities on Fixed Income and Forex (Transaction/ P&L/ Positions).
• Strong experience on Fixed Income and Forex trading
• Strong knowledge of the Suspicious Transaction and Order Report STOR/Market Observation filing requirements.
• Good analytical and data gathering skills and an ability to translate knowledge and experience into advice and recommendations.
• Good team working
• Excellent written and oral English skills in order to articulate technical issues and effectively communicate with individuals across the business.
• Experience in working with and guiding an offshore Team.
• Computer literacy and a good knowledge of common software e.g. Microsoft Office. 
• Experience of relevant specialist Compliance software.

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 accessto 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.