Job Title: Client Regulations – Associate

Department: Client Engagement & Financial Security Ops

About Business line/Function: 

Client Engagement & Financial Security (CEFS) encompasses comprehensive client due diligence for existing and new clients, seamless end-to-end KYC management for C100, and robust screening capabilities across various business lines and geographies. It acts as the go-to platform for efficient fund creation (NLE) and leverages the expertise of accredited Senior KYC Officers to ensure high-quality standards. CEFS also supports Fenergo Data Quality Management and leads the innovative Trigger Event Automation initiative to enhance KYC recertification.

Additionally, CEFS manages critical reference data setup and maintenance, delivering global support for Client Accounts, Signatories, SSI’s, and Holiday Calendars. It provides audit confirmation statements and regulatory support on client services. CEFS conducts thorough post-facto monitoring and investigations to detect suspicious activities related to money laundering and terrorist financing, while optimizing Actimize Screening Tool capabilities. Lastly, it establishes premium Client Relationship Management (OCRM) in ISPL to deepen relationships with T20 & C100 clients, facilitating operational excellence and partnering on strategic matters to drive mutual growth and success.

Position Purpose: 

Regulatory Onboarding, Recertification and Support to perform remediation exercises 

Responsibilities

Direct Responsibilities

Regulatory Onboarding and Support 

·         Facilitating and follow up with client onboarding 

·         Tackling regulatory blocks that prevent trading 

·         Addressing queries from clients, traders, marketers and relationship managers 

Regulatory Remediation Exercises

Ensuring our existing clients comply by the regulatory enforcement date

To achieve Regulatory Onboarding and Regulatory Remediation Exercises, the Client Management Regulations team aims at:

·         Preparing the necessary regulatory materials to dispatch to clients

·         BNPP offers and positions (i.e. encourage signature of ISDA protocols).

·         Remediating any pending items necessary to meet regulatory requirements by their compliance dates and minimize any trading disruption with our valued clients

·         Reaching out to our clients to ensure they have completed the necessary documentation:

·         Following counterparties adherence to ISDA protocols / Representation Letters

·         For clients who did not sign the ISDA protocol, pushing on bespoke legal documentation

·         Addressing potential requests from regulators

·         Working with the different functions involved in this regulatory compliance effort (such as Business Management, Legal and UK & US counterparts)

Contributing Responsibilities

Anticipating the new rules / change of rules to come (Regulatory Oversight) 

·         Contributing to the Permanent Control Framework 

·         Contributing to the alignment of procedures across the regions 

·         Contributing to a Global Compliance Status update and KPIs 

·         Proven experience in tax compliance, particularly with FATCA (Foreign Account Tax Compliance Act) and AEOI (Automatic Exchange of Information).

·         Strong knowledge of CFTC (Commodity Futures Trading Commission) and EMIR (European Market Infrastructure Regulation) regulations.

·         Excellent analytical and problem-solving skills.

·         Strong communication and interpersonal skills.

·         Ability to work independently and as part of a team

Specific Qualifications:

• Minimum 3-5 years of experience along with Bachelor's Degree - in management, commerce, finance, science, economics, related field or equivalent experience.

• Prior experience in similar domain.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

·         Analytical Ability

·         Ability to understand, explain and support change

·         Ability to develop and adapt a process 

Behavioral Skills: 

·         Active listening

·         Communication skills - oral & written

·         Decision Making

·         Organizational skills

Education Level: Bachelor Degree or equivalent

Location: Mumbai

About BNP Paribas Group:

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking 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, the Group 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. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank 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 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

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. 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.