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General Information

Ref #
12356410
Country
Canada
Region
Quebec
City
Montreal
Contract type
Permanent
Professional Family
F21 - COMPLIANCE

Description

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2024. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal. 



The position at a glance


Americas Compliance is an independent governance function headed up by the Chief Compliance Officer for the Americas (Americas CCO) based in New York with responsibility for all Compliance activities in the United States (comprised of business lines rolling up to International Financial Services (IFS) and CIB) and CIB activities in Canada and Latin America. Reporting directly into the Americas CCO is the Compliance Chief Operating Officer (COO) for Americas Compliance. The Compliance COO is, among other things, responsible for Compliance Risk Assessment; Compliance Risk and Control Self-Assessment (RCSA) of Compliance-owned process operational risks; Compliance Issue Management; Compliance Monitoring; Compliance Historic Incident management; and other related permanent control activities



In detail

Demonstrate BNP Paribas’s commitment to compliance by assisting in the administration of a comprehensive CIB Americas and US Compliance Risk Assessment program (non-Financial Security) for the Americas including, the US (CIB and Asset Management); Canada; Brazil; Argentina; Colombia; Mexico and Cayman. The Compliance Risk Assessment Program serves as a foundation point within the overall Compliance Program for BNP Paribas.  The Federal Reserve, BNP Paribas’ primary regulator, reaffirms the importance of the risk assessment function in their Supervisory Letter (SR) 08-8 ‘Compliance Risk Management Programs and Oversight at Large Banking Organizations with Complex Compliance Profiles’ which states that ‘Risk assessments are the foundation of an effective compliance monitoring and testing program. The scope and frequency of compliance monitoring and testing activities should be a function of a comprehensive assessment of the overall compliance risk associated with a particular business activity.

The Program requires the identification, measurement, and assessment of the compliance risk associated with applicable laws and regulations by the development and deployment of a methodology that determines ratings for Inherent Risk, the Control Framework, and Residual Risk. The Program also identifies control gap issues that may require remediation as well as assessing whether business activities and operations remain within an established compliance risk profile. As a member of the Compliance Risk Assessment team help to promote and utilize consistent Compliance Risk Assessment methodologies and practices and align as appropriate with IHC Operating Entities (covering CIB, and US Asset Management (US AM)) including compliance risk assessment officers, domain leads, business contacts, and representatives from Group Compliance in Paris, US CIB RISK, and other relevant parties.    

The role of the CIB Americas Compliance Risk Assessment AVP includes assisting with:


  • Creating and maintaining the process by which the business will document and assess their controls through the risk assessment framework;
  • Assist with ongoing maintenance of Compliance risk taxonomy to categorize regulatory requirements and obligations;
  • Training and coordinating the execution of Compliance Risk Assessment campaigns:
  • Developing databases and questionnaires, report on risk assessment results, and securely store all risk assessment documentation; 
  • Conducting quality assurance reviews of risk assessment results to review consistency and completeness of responses;
  • Supporting 1LOD with the documentation of corrective action plans in the appropriate repository along with owner and target date; 
  • Identification of potential enhancements to the compliance risk assessment methodologies, procedures, processes, tools and user interface, risk indicator inputs, analytics and reporting formats;
  • Complying with external regulatory requirements and expectations; internal control standards; Group, Americas, IHC and Operating Entity policies, procedures and standards with regard to Compliance Risk Assessments as appropriate;
  • Support for Compliance permanent control activities within the COO Function activities such as compliance testing and monitoring; compliance function operational permanent controls activities; training; and regulatory identification and change management;
  • Development of Compliance Risk Assessment reporting and presentations to appropriate governing bodies;
  • Responding to regulatory, audit and testing requests.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

  • Results and Impact
    • Able to influence peers and team.
    • Demonstrates good judgement when making decisions of high complexity and impact.
    • Exercise appropriate autonomy in the execution and delivery of work. 
    • Responsible for driving outcomes, which have meaningful effect on team or department.
  • Leadership and Collaboration:
    • Creates trust with colleagues.
    • Acts in leadership capacity for projects, processes, or programs.
  • Client, Customer and Stakeholder Focus: 
    • Able to build relationships with a mix of colleagues and clients.
    • Interacts regularly with management and department leaders.
    • Demonstrates the ability to 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.

The strengths and skills that will help you succeed

Minimum Required Qualifications:


  • BA or BS Degree 
  • 3 to 5 years’ experience working for a financial services firm and/or self-regulatory organization in Compliance, Risk, Regulatory roles and /or data analytics roles.
  • Strong knowledge of data analytics, working with structured and unstructured data. Including, SQL and R programming and robust Excel knowledge, including use of advanced formulas and macros.
  • Experience with visual analytics tools (PowerBI, Tableau and/or other tools).
  • Presentation and reporting skills including MS Excel, SharePoint, Word, and PowerPoint.
  • Prior experience creating databases and questionnaires.
  • Strong execution skills with the ability to work successfully under demanding deadlines.
  • Team player with the ability to work collaboratively across with front and back-office stakeholders and senior management. 
  • Strong communication skills including proficiency in writing concise and substantive commentary to summarize results.  
  • Strong attention to detail.
  • Problem solving and root cause identification skills. 
  • Knowledge of corporate and institutional banking laws, rules, regulations, supervisory guidance, and industry best practices.
  • Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge of the English is required.



Preferred Qualifications:


  • Understanding of the Federal Reserve Bank Supervisory Letter 08-08, for establishing effective Compliance programs at large and complex banking organizations, and its applicability to foreign banking organizations and the compliance risk assessment.




What’s in it for you


In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements, such as remote working up to 50% and flexible working hours are available for most positions. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.


To find out more about our range of benefits, click here


What you need to know


·       We will review candidates as they apply, so don’t wait to submit your application;


·       BNP Paribas is committed to accessibility and inclusion. If you need any accommodation during the recruitment process, you can contact accessibility@us.bnpparibas.com


·       You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;




Diversity, Equity and Inclusion (DE&I) at the heart of our commitments


At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.


BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).


To learn more about our DE&I commitments, click here


About us


BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 63 countries, with more than 180,000 employees, the bank holds key positions in several areas of banking and financial services.


BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.


Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.


With over 1,400 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.


Our certifications and partnerships


·       Montreal’s Top Employers 2024

·       Canada’s Best Diversity Employers 2024

·       Women in Governance  – Parity certified -  Platinum certification

·       Pride at Work Canada

·       Rainbow Accreditation issued by Canada’s LGBT+ Chamber of Commerce (CGLCC)

·       Part of Les Affaires top 300 companies in Quebec

·       Synclusiv

·       Ready, Willing and Able 

·       Autisme sans Limites 

·       LinkedIn Top Companies 2024



Do you want to discover other BNP Paribas offers in Canada?


Click here: BNP Paribas in Canada | Our job offers


** Only selected applications that meet the requirements of the role will be contacted **