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Vice President-CFTC Swap Dealer Compliance Officer

Company: BNP Paribas Real Estate
Location: Jersey City
Posted on: September 16, 2022

Job Description:

Responsibilities:In addition to the general roles described below the Senior Swap Dealer Compliance Officer will also: Provide coverage as and when required of senior management meetings (for example; Swap Dealer Operating Committee, Swap Dealer Management Committee, Sec Corp CEO monthly meeting) at the direction of the Head of GBR U.S. Act as subject matter expert for all matters relating to the Swap Dealer. Participates in the preparation, and timely filing, of various swap dealer reports, including NFA Annual Questionnaire, Annual CCO Report, Risk Exposure Report and NFA Monthly risk report (as needed). Serve as additional regulatory compliance contact for the CFTC and NFA on certain complex inquiries, audits and enforcement actions. Notify management immediately of any identified regulatory risks, and deliver all work product in a timely manner. For the regulations that are primarily within the scope of responsibilities of the Global Banking and Regulations team such as the CFTC Swap Dealer regulations and other new regulations, the Senior Compliance Officer will participate in the following duties for the U.S.: Monitor and analyze proposed and final rules promulgated by U.S. financial regulators. Represent BNP Paribas in industry working groups dedicated to advocacy, interpretation and implementation of new and proposed regulations. Assess the impact of new rules and regulations to existing policies in the U.S. and overseas, and work with local and global implementation teams to implement regulatory change. Provide regulatory guidance to local and overseas management, business lines, and functions, and on regulatory risks and challenges through the evaluation of regulatory developments, bring relevant expertise and provide advisory services to the Business Lines and Group Control Functions on the above regulations. Advise the Business Lines and Functions on registration requirements for existing and proposed activities Draft and adapt Group policies, procedures and guidelines to reflect any change in regulations or processes, reasonably designed to support compliance with applicable regulatory obligations, corporate requirements and industry best practices. Participate in the development and implementation of strategic initiatives if required. Contribute to build and deploy Level 2 permanent control capabilities, advise and assist (as needed) Compliance Review Team efforts in their testing of first- and second-level controls related to in-scope regulations; contribute as needed the risk assessment at Group and M--tier Levels in coordination with relevant internal and external parties as the case may be. Contribute to the deployment of a robust training plan at Group level and definition of the standards in conjunction with GBR training referent HR partners. Develop training materials and provide training to other compliance advisors, the business and key functions. Contribute to the design, deployment and run documentation repository tools to facilitate audits and controls by level 3 control teams (Inspection G--n--rale) and external regulators Contribute to responses to external regulators, both on a regular basis as per legal requirements, and upon request. Contribute to any internal reports and regional governance required within the Group (e.g. CIRCC, ComEx, Management Committees and Board meetings). On a case-by-case basis, provide Advisory services to the Business for specific new transactions or activities for which LEGAL, RISK and/or Compliance desk advisory teams require definitive GBR position and/or require a supporting second opinion. Participate in the Business Line governance as needed and cascade of review meetings if agreed with the business lines (ex: sub-ICC participation within CIB). Assess the impact and provide advice on the interpretation and implementation of European derivative regulations such as MiFID and EMIR as it affects the BNP Americas region Minimum Required Qualifications 5-10 years investment banking experience with a broker-dealer, swap dealer, and/or related legal or regulatory experience (e.g. Former Securities and Exchange Commission). Working knowledge of US and International G10 regulations in the area of structural bank reform and OTC derivatives; ability to provide oral and written advice on the go Strong capabilities to spot and anticipate issues when reviewing the Risk Assessment and Internal Control plans. Strong organizational and project management skills (documentation, issue tracking, effective coordination). Ability to frame and document complex issues in order to prepare for senior managers decisions Strong interpersonal skills in order to foster collaboration within the team and with key partners: Legal, other Compliance teams and departments, Risk-GRM, operating perimeters and other control functions. Strong communication skills with the ability to communicate clearly and succinctly on complex and possibly sensitive topics to C-level managers in the BNP Paribas regional and central organization Keen sensitivity to risks; rigor and independence in addressing those risks Strong work ethic and Compliance mindset; integrity and an ability to work autonomously Strong team player. Preferred Qualifications; JD or MBA, with preference to Business or Finance majors. Working knowledge of Volcker Rule requirements, and experience overseeing a Volcker Rule compliance program 5+ years of relevant experience in a Swap Dealer Compliance office position or similar role in Compliance/Legal or Risk departments covering above-referenced regulations. FINRA Registrations Required: Not Applicable CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): Not Applicable SEC Security-Based Swap Dealer Associated Person: Not Applicable About BNP Paribas: In the United States, BNP -Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services. As the asset management arm of BNP -Paribas, offers high value-added solutions to individual savers, companies, and institutional investors. The bank employs nearly 14, people and has a presence in the country since the late s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC. BNP -Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in65 countries, with nearly , employees.The Bank offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank's retail-banking networks and several specialized businesses including BNP -Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP -Paribas 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. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world. 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.

Keywords: BNP Paribas Real Estate, Jersey City , Vice President-CFTC Swap Dealer Compliance Officer, Accounting, Auditing , Jersey City, New Jersey

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