About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 63 countries, with more than 180,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main operating divisions: Commercial, Personal Banking & Services (CPBS) and Investment & Protection Services (IPS) (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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning from financing, investment, savings and protection insurance. In Europe, the Group has four leading markets: Belgium, France, Italy and Luxembourg and BNP Paribas Personal Finance is the leader in consumer lending. In its Corporate & Institutional Banking and Investment and Protection   Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

Business Overview:

Latin America is an important market for BNP Paribas. While Brazil remains the largest economy in Latin America and the Groups activity regionaly, other major countries in the region are also significant contributors for the business and for long standing relations with clients. For example, BNP Paribas has been uninterruptedly present in Colombia for more than 40 years.

BNP Paribas has a historical footprint in the Hispanic Latin America. The Bank has been in the region since 1914 and is now present in 5 countries with nearly 2000 employees between Corporate and Institutional Banking (CIB) and Investment and Protection Services.

CIB in Hispanic Latin America has world-class teams of roughly 200 professionals spread among Colombia, Mexico, Chile, Peru and Argentina, thus ensuring an overall coverage of BNP Paribas’ client franchise in the region. All BNP Paribas’ CIB business lines are represented in Hispanic Latin America where the bank has presence and are structured in such a way as to provide their clients with the best combination of specialists according to sector, product or geographic region. In the context of growing globalization, they are able to accommodate their clients thanks to their powerful regional platforms:

• In North America essentially New York with a number of professionals covering Latin America. 
• In  Europe with major hubs such as Paris, London, Frankfurt, Madrid, etc.
• In Asia with a broad coverage of all major economies in the region.

In Colombia, BNP Paribas has presence through 5 legal entities representing the Group:  1 Rep. Office, a Corporación Financiera for local CIB banking license activity and a Trust company for Securities Services, all within the Corporate and Institutional Banking operating Division. As for Investment and Protection Services, an insurance company (Cardif) and a Rep Office for Asset Management.  BNP Paribas is the European bank with the longest uninterrupted presence in the country. 

Job Purpose: 

Key contact with regulatory entities, providing a daily tracking and control of operations and investments in accordance with the investment policy and regulatory guidelines, to contribute to the accuracy and integrity of the legal compliance and reports submitted to regulators. Therefore, this role must have a detailed knowledge of regulations; keep permanent updated of the information about policies and regulations related to limits and restrictions applicable to trade operations, funds, and portfolios. 

This role has a cleared view of the operation, market and legal aspects, besides an experience of client service to breaches management; for that reason, this role is in charge of the valuation procedure for local and foreign clients.

Duties and Responsibilities

• Execute the uploading process of the files needed for performing the investment compliance activity.
• Perform investment compliance activities, monitoring and evaluating limits and / or restrictions over securities positions belonging to the funds or portfolios under custody.
• Elaborate, analyze, and send on a daily basis the breach notice (if applies) with the breaches identified during the investment compliance process to the correspondent client using the BNP Paribas templates and base on the client’s list of contact.
• Set up and monitor of the legal and regulatory limits of the funds or portfolios under custody in the tools used for this purpose that guarantees the adequate calculation and control of the established conditions. Stay up to date with policies and regulations related to limits and restrictions applicable to trade operations, funds or portfolios and investment vehicles that are in custody.
• Identify, analyze, and request permanent update in the databases of the tools used to carry out investment compliance activities.
• Responsible for sending the format 535 flat file through the Superintendencia Financiera de Colombia’s website before the deadline defined in the regulation, as well as to the Autoregulador del Mercado de Valores.
• Keep the manager informed about issues presented during the transmission process or during the execution of the responsibilities. 
• Elaborate and send the monthly breach report to the board of director’s client no later than the 5th first day of the month.
• Maintain the database of documents updated used to carry out controls updated. 
• Elaborate and send all the reports related to Investment Compliance activity defined by norm.
• Calculate the KPI’s of Investment Compliance activity monthly. 
• Perform the Valuation process for local and foreign clients. 
• Support other activities developed by the Investment and Transversal Controls team such as sales tax calculation, coupons payments, reconciliations processes and monthly reports, among others.
• Support when needed as backup role, other activities developed by the Investment and Transversal Controls team specifically for transversal controls process.
• If there is a delegation of the use of a token as a work tool, strictly comply with the instructions given for the use of it to perform the job, guaranteeing it´s safe custody and adequate use.
• Guarantee the maximum duty of diligence and care in the use of any work tools given by the employee for the fulfillment of their job obligations. Omitting the instructions on the due care and security in the use of work tools will be considered a serious breach of labor obligations.

General

• Provide excellent client service.
• Ensure compliance with local and corporate policies, guidelines, procedures, internal control and +SLA requirements, to eliminate risk and operational losses
• Clearly communicate the progress of monthly/quarterly initiatives to internal and external stakeholders
• Follow the code of conduct and to permanently update of the operative risk matrix
• Ensure the coordination and the communication with the internal operations teams aiming to provide timely and accurate responses to client queries.

Qualifications

Education

Specialized Knowledge

• Knowledge of financial industry, especially in back or middle office operations.
• Knowledge in Microsoft programs (Word, excel, Power Point)

Skills & Abilities

• Communication Skills: Verbal, always building a positive relationship.  Written, assertive to the point.
• Analytical and Mathematical skills: Basic financial operations
• Ability to report: Provide status of results to internal clients
• Rigour & Accuracy
• Self-confidence
• Autonomy & Accountability
• Role Modeling: Service attitude with ability to say NO but embracing collaboration
• Understanding the business environment of the entity
• Understanding the BNP Paribas group
• Excellent communication skills both written and verbal (English – B1)
• Intermediate Level of Microsoft Excel:  To use functions such as financial, statistics, some logical function such as IF. It is able to work in an advanced way with graphics and edit them to change the design or the information. Use conditional formats, PivotTables and Pivot Charts and templates to enter data.

Experience

Preferred qualifications

• Knowledge of policies and regulations related to Funds and investment vehicles that are in custody.
• Knowledge of products related to a Bank or Financial Corporation
• Knowledge related to the regulation of the products of a Bank or Financial Corporation

Direct Reports

• Investment Controls Supervisor
• Investment and Transversal Controls Manager

Interactions

* Processing Team

* Local Client

* Report to the Board of Directors

* Regulatory entities

* IT team

* Client Development Team

* Compliance Team

* Price Provider

*Transversal Controls process 

* Finance Team

*Account Management Team

Decisions

N/A

Training

• Functional training about the position, processes, procedures and controls.
• Mandatory trainings (as indicated by compliance, Legal, Region and Group) 

• Handle of confidential information: Strengthen training in the handling of confidential information between entities and their clients, adding a legal clause to guarantee compliance.
• Training of Client service, addressing to staff who will have direct contact with clients, in order to provide a guideline, to explain how provide clarity to our Clients, about BNPP Group and the entity that is serving them
• Techniques for validating authentic documents according policies and regulations.
• Training of legal and regulatory aspects of BP2S..

• Mandatory Corporate trainings in soft skills or BNPP competencies for all new hires (as indicated by HR).