Compliance Officer, Global Markets and ALM-T Compliance
BNP Paribas Hong Kong
Posted 7 days ago Permanent Competitive
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It 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. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region. * excluding partnerships
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
A key role in the regional Global Markets Compliance Governance Model and a senior member of the regional Compliance team.
Support the Head of Global Equities Compliance in APAC, coordinate all advisory-related activities and action plans primarily in relation to Derivatives Execution and Clearing, and work closely with various dedicated Global Markets Compliance teams in the region. Responsible for closely liaising with and keep regularly informed the relevant business seniors, and country Compliance heads in countries where Derivatives Execution and Clearing is important, particularly the hubs of Hong Kong and Singapore. Act as the central point of co-ordination for various regional projects on Derivatives Execution Clearing. This position will also act as one of the main compliance contact point for the implementation within Global Markets of local and cross border regulatory reform initiatives in the area of trading and clearing, and support for Dodd-Frank, Volcker, MiFIDII/EMIR, and French Banking Law related response initiatives. He or she will spearhead 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 cross border sales and trading activities conducted from Hong Kong. Key stakeholders include all relevant staff; business and functional heads and teams in APAC, within Global Markets business; and various regulatory authorities in APAC.
• Provide compliance advisory services to Global Markets front, middle and back office on regulatory and compliance issues, with specific focus on Derivatives Execution and Clearing business • Observe and implement missions and responsibilities of BNPP Group Compliance functions • Advise business on relevant new laws, rules and regulations in the APAC and other regions • Identify, manage and control compliance, regulatory and reputational risks • Work independently in various local compliance projects • Review of new product/significant transaction proposals and provide comments • Review of new and/or major changes to electronic trading systems and algorithmic trading in relation to futures and options products • Perform compliance-related matters such as approving of marketing materials, system access, advice of licensing matters with the support of the licensing team, preparation of internal compliance reports • Conduct training on new rules and regulations as well as promotion of compliance awareness and culture, where needed • Investigate potential compliance incidents or breaches in conjunction with various internal parties • Coordinate IG inspections with a focus on compliance/regulatory related issues • Liaise with local regulators and handle regulatory inquiries, audits, inspections, questionnaires and surveys • Liaise closely with country Compliance and business management in APAC concerning the necessary coordination of compliance actions and reporting • Work closely with the business and country Compliance officers in the APAC region to advise on cross border activities or projects • Work closely with the UK and US Compliance teams on any EMEA and US Derivatives Execution and Clearing matters • Assist rolling out or implementing global or regional policies and procedures for Global Markets business and ensure compliance thereof • Assume any Compliance Domains Representative Officer role if necessary
Competencies (Technical / Behavioral)
• Sound knowledge of regulatory and compliance requirements in both APAC and Global regions • Strong interpersonal skills, with the ability to communicate and consult clearly at all levels - business, management and other support functions • Knowledge of risk and control framework or procedure of a financial institution • Strong analytical and problem solving skills • Able to work independently adopting a hands-on approach • Ability to handle multi-tasking • Experienced candidate shall be considered as Senior Compliance Officer
Specific Qualifications/Experience Required
Education & Experience:
• Undergraduate Degree with 8 years or more experience in the Compliance department of financial institutions, international brokers or securities regulators; with strong knowledge of equities and futures and options products and/or capital market activities in both APAC, EMEA and US regions, preferably with advisory experience. • The candidate should have a good understanding of the regulatory environment and the key challenges and developments which the business as well as the wider industry faces.