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Vice President - Quality Assurance Review of Conduct Risk Audits

Company: BNP Paribas S.A.
Location: Jersey City
Posted on: November 26, 2022

Job Description:

Job Description - Vice President - Quality Assurance Review of Conduct Risk Audits (INS000349) Vice President - Quality Assurance Review of Conduct Risk Audits ( Job Number: INS000349 ) Business overview: Inspection G--n--rale North America (IGNA) Hub is part of BNP Paribas' global Internal Audit group (Inspection G--n--rale or "IG") which is staffed by highly qualified individuals who perform risk-based reviews to provide reasonable assurance to senior management on the adequacy of internal controls and recommend control and efficiency improvements. In line with the regulatory expectations, IGNA has built a newly established team of Quality Assurance professionals to perform reviews of Conduct Risk audits applicable to Designated Market Activities on US and worldwide audit assignments. The expected starting salary range for this position in New Jersey is between $150,000 to $190,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location. *Physical presence in BNPP's office(s) is an essential function of this position. - BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion. This role has the flexibility of being hybrid, consisting of an in office and remote working component. Candidate Success Factors: Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

  • Results and Impact
    • Impacts division and influences peers and team
    • Demonstrates good judgement when making decisions of high complexity and impact
    • Relies on limited guidance for most complex decision making
    • Is responsible for driving outcomes which have meaningful effect on team or department
    • Leadership and Collaboration
      • Creates trust with department leaders
      • Acts in leadership capacity for large projects, processes, or programs for a team
      • Client, Customer and Stakeholder Focus
        • Able to build relationships with a mix of intermediate and senior colleagues or clients
        • Interacts regularly with management and department leaders
        • Demonstrates the ability to persuade and influence stakeholders at the team level
        • Compliance Culture and Conduct
          • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts
          • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards " Responsibilities: The Quality Assurance professional will perform internal Quality Assurance reviews across BNP Paribas worldwide footprint on assignments which provide audit coverage of Conduct risk in Designated Market Activities. The Quality Assurance Review team will play a key role in providing reasonable assurance to stakeholders of internal audit activity on conduct risk audits applicable to Designated Market Activities. - A strong background in market activities auditing, conduct risk management, compliance risk management, or consulting for Financial Services is a key requirement for this position. - Specific Responsibilities include:
            • Perform quality assurance reviews to assess accurate and consistent adherence to IG's Conduct Audit Methodology (including Audit Guides and Risk & Control Matrices for Capital Markets activities), Central IG's Global Audit Guidelines (How To), IIA Standards, and IG Policies and Procedures.
            • Determine if audits identify and assess risks and controls that adequately address the business environment.
            • Evaluate if audits clearly identify relevant laws and regulations covered.
            • Review audit related documentation, including Work Program Memos, audit workpapers, and audit reports.
            • Write quality assurance review reports, including compliant and non-compliant attributes.
            • Identify improvement opportunities, offer specific recommendations, and provide feedback to the audit teams (collectively and/or individually) to improve their performance and execution of audits.
            • Monitor the quality of audit execution and documentation across audit teams and regions.
            • Maintain and update quality assurance templates on a regular basis, to reflect feedback from stakeholders or to incorporate new/changed regulatory expectations.
            • Keep abreast of the evolution of auditing standards and key regulations covering designated market activities and conduct and compliance risk management.
            • Develop and maintain relationships with other Quality Assurance professionals, the Conduct Audit Methodology Specialists, and other stakeholders as part of the conduct audit activities.
            • Deliver clear presentations to Senior Management and IG Management.
            • Adopt and promote strong ethical values. Minimum Qualifications:
              • Bachelor's degree in applicable and related field (Accounting and/or Finance preferred).
              • Minimum of three to six years of quality assurance and/or audit experience with exposure to conduct risk management, regulatory or market activities in the banking industry.
              • Strong understanding of conduct risk management concepts and related regulatory expectations.
              • Strong understanding of the relevant risks and controls in market activities areas such as Trading, Origination, Distribution, Sales, Order Management and Trade Execution, Risk Management, and Operations.
              • Strong understanding of quality assurance processes and industry practices.
              • Excellent verbal and written communication skills to interact effectively with the different stakeholders and regulators.
              • Ability to work in a team, liaise with other bank departments and adapt to new situations and approaches. Preferred Qualifications:
                • Relevant licenses and certifications.
                • Experience is Banking Risk Management improvement or remediation projects. -
                • Strong knowledge of financial products, capital markets, banking industry and the related risks.
                • Direct auditing experience in one or more of the following areas: Capital Markets, Equity/Fixed Income, Sales and Trading, Derivatives/Futures. 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 Corporate & Institutional Banking 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. BNP Paribas' Corporate & Institutional Banking 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, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors. The bank employs nearly 14,000 people and has a presence in the country since the late 1800s 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 190,000 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. Primary Location : US-NJ-Jersey City Job Type : Standard / Permanent Job : MISCELLANEOUS Education Level : Bachelor Degree or equivalent (> = 3 years)

Keywords: BNP Paribas S.A., Jersey City , Vice President - Quality Assurance Review of Conduct Risk Audits, Executive , Jersey City, New Jersey

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