Senior Associate / Assistant Manager ISPL Compliance

Job Description

*About BNP Paribas Group:BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.About BNP Paribas India Solutions:Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.About Business line/Function : Compliance ISPL:Ensure and Encourage adherence to BNPP Group Compliance policies, Code of Conduct. Adherence to and responding to regulatory queries.Warrant Compliance standards on offshoring/outsourcing activitiesSafeguard and set-up appropriate Compliance controls and create Compliance awareness Assist Group Business Lines and activities in their evolution, with a relevant, robust and sustainable Compliance frameworkParticipate in the Group efficiency efforts and identify solutions to refocus Compliance activities on its core missionsJob Title:Compliance OfficerDate:Department:ComplianceLocation:MumbaiBusiness Line / Function:ComplianceReports to: (Direct) Head of ISPL ComplianceGrade: (if applicable)Associate/Senior Associate/Asst Manager/Manager/AVP (Functional) Number of Direct Reports:-Directorship / Registration:NAPosition Purpose
• Implementing Code of Conduct key requirements, BNP Paribas policies and local regulations by taking into account the specificities and regulations applicable to the Territory.
• Ensuring relevant controls are set up and implemented and the commitments for insourced services are carried out in accordance with terms of SLAs.
• Ensuring regulatory commitments given for offshoring activities are adhered to.
• Contributing to the definition and implementation of appropriate measures to manage compliance risks
Responsibilities Direct Responsibilities I. Roll out and monitor adherence to Compliance Policies
• Manage Professional Ethics (PE) related activities and controls
• Ensure adherence to existing Compliance Policies including Personal Account Dealing (PAD) Policy, Gifts & Invitations Policy, Outside Business Interest Policy, Professional Code of Conduct Policy, Anti Bribery and Corruption Policy
• Review new policies rolled out and implement the same for ISPL, as applicable / appropriate
• Manage Financial Security (FS) related activities and controls over vendors, employees and operational aspects
II. Review of Transition related documents
• Review Service Level Agreements (SLA), Activity Review Process (ARP) and Risk Assessment (RA) documents from service provider Compliance perspective
• Interact with the service recipient Compliance team and seek their views / opinions / conditions and ensure all requirements are implemented and managed adequately
• Maintain repository of transition related Compliance approvals
1. Compliance Trainings
• Conduct and facilitate compliance trainings (mandatory and targeted) for ISPL staff
• Regularly communicate policies and major changes / highlights through various channels
1. Ensure deployment of robust control framework
• Rolling out and performing controls based on service recipient compliance/regulatory requirements for offshored activities (e.g. voice recording, Chinese Wall, etc.) and also local requirements (e.g. STPI, DoT, etc.) and analyzing results of the same to identify and mitigate the relevant risks
• Coordinate on compliance related incidents and ensure appropriate action plans are put in place
• Perform regular compliance check and challenge on RCSAs and control plan gap analysis to ensure applicable risks are identified and suitable mitigating controls are in place/proposed
1. Reporting
• Preparation of various MIS, dashboards and other compliance reports
Contributing Responsibilities
• Coordination with various departments / m tiers / functions / countries
• Communication across all levels to ensure management directions including group guidelines are understood
• Organization & co-ordination of compliance-related awareness-raising and training action
• Participating in new compliance projects and initiatives
• Contributing to preparation of compliance decks in various committees and forums
Technical & Behavioral Competencies
• General knowledge of Capital Markets and sound understanding of Financial Security matters
• Prior Compliance, Audit, Risk, Inspection or Permanent Control experience will be a considerable plus
• Experience of working in international banking business structure
• Strong English communication skills
• Stakeholder management skills
• Self-motivated and result oriented, with the ability to identify & solve issues and work under pressure
Specific Qualifications (if required) Skills Referential Behavioural Skills : (Please select up to 4 skills)Ability to collaborate / Teamwork Personal Impact / Ability to influenceAttention to detail / rigorCommunication skills - oral & written Transversal Skills: (Please select up to 5 skills)Ability to understand, explain and support change Analytical Ability Ability to develop and adapt a process Ability to develop and leverage networks Ability to manage / facilitate a meeting, seminar, committee, training Education Level: Bachelor Degree or equivalent Experience Level At least 5 years Other/Specific Qualifications (if required)Compliance related certifications from recognized institutions, *NA

Keyskills :
mistatcontrol planbankingaccountssalescode of conductfinancial services