Job Title: Head of Financial Security & 2S Compliance 

Business Unit: Ireland Territory Compliance

Contract Type: Fixed-Term Contract (18 months) 

Location: Sandyford, Dublin (Hybrid)

About BNP Paribas

At BNP Paribas, we center our values on what drives the company forward. Our driving forces are Agility, Client Satisfaction, Compliance Culture and Openness:

• Agility: we want to behave more simply to embrace useful innovation and digital transformation
• Client Satisfaction: we believe that our success lies in being the customers’ and clients’ preferred choice. We seek to listen carefully to them and work closely with them
• Compliance Culture: We believe in promoting clear rules to foster a strong culture of compliance and ethics
• Openness: We promote open-minded attitudes towards our stakeholders. We aim for everyone in Group to feel included, to have their say and be empowered

Our strengths are based off four key areas of Stability, Expertise, Responsibility and Good Place to Work:

• Stability: we build upon our solid, long-term oriented management, our diversified and integrated business model and our international footprint
• Expertise: We build upon our recognized and expanding knowledge of our teams
• Responsibility: We build upon our culture of responsibility and integrity to ever better serve the interest of our customers
• Good Place to Work: We foster a stimulating workplace where people are treated fairly and with respect

Role

• Territory: To be responsible for specific, key Compliance activity within the Ireland Territory Compliance remit – including management and oversight of the Financial Security team. 
• Securities Services: To be responsible for the Compliance activity pertaining to the Securities Services (2S) business area (including ‘BNPP Fund Administration Services (Ireland) Ltd’ (BPFASIL)).
• Compliance Mission:  To ensure that Compliance objectives relating to 2S in Ireland, and the wider Territory remit are met – ensuring the adequate and effective delivery of the overall Compliance mission.

Key Responsibilities

• Territory Compliance Management:  To support and deputise for the Head of Territory Compliance.
• Compliance Representation: To represent the Compliance department at key committees and projects.
• Development of Compliance Function:  To actively lead and participate in the development of the Compliance function, including the design and implementation of action plans to improve compliance framework, processes and controls.
• Staff MGMT: To oversee, manage and develop Compliance staff effectively – with management responsibility over circa 4 staff. 
• Culture: To promote and reinforce the desired compliance culture within the Compliance team and across the Group in Ireland.
• Advisory: To advise and consult with the business on the interpretation and implementation of relevant laws & regulations; and internal rules and standards.
• Decision Making: To provide Compliance validation or decisions, in line with the Compliance Decision-Making Process and delegated authorities.
• Validation Framework:  To ensure effective Compliance engagement with the validation framework for new or amended activities and exceptional transactions (i.e. the NAC / TAC process).
• Financial Security & KYC:  To effectively manage Compliance’s systems and controls to prevent: (i) money laundering; (ii) terrorist financing; (iii) non-compliance with international sanctions; and (iv) bribery and corruption.  This includes the management and implementation of:
  1. The overall Financial Security framework and processes;
  2. Relevant validation and review of KYC and other customer or counterparty due diligence;
  3. Attendance, contribution and decision making at Client Acceptance Committees (CACs) and Business Acceptance Committees (BACs);
  4. Review, clearance or escalation of alerts (as relevant) relating to: (i) database screening; and (ii) transaction screening and monitoring (e.g. re. potential sanctions hits or suspicious transactions); and
  5. Reporting of suspicious activity to the relevant authorities (i.. An Garda Síochána and the Revenue Commissioners).
  6. Relevant anti-bribery and corruption processes.
• Compliance Reporting: To ensure appropriate and timely reporting to Compliance, business management and external parties (including in regards to Group reporting via the CRMS tool; ExCos; Boards and Regulators).
• Training:  To help organise, co-ordinate and deliver an effective training and awareness program for staff.
• Outsourcing:  To provide appropriate oversight of Compliance and business related outsourcing, including: (i) advice and assistance on the regulatory aspects of outsourcing requirements; and (ii) effective monitoring of outsourcing performance.

Specific 2S Responsibilities

• Assurance: To provide reasonable assurance to relevant senior management (including the Head of BP2S in Ireland; the Board of BPFASIL; and the Depo & Custody Opco), that adequate compliance set-ups are in place; consistent with Group Compliance requirements and in line with applicable laws and regulations.
• PCF Role The roles of Head of Compliance for BPFASIL, Head of AML for BPFASIL are Pre-Approved Control Function (‘PCF-12, Head of Compliance’ & PCF-52:  Head of Anti-Money Laundering & Counter Terrorist Financing Legislation Compliance) and must be pre-approved by the Central Bank of Ireland, in line with the Fitness & Probity Regime.
• Regulatory Relationships:  Responsible for the management and oversight of relevant regulatory relationships in Ireland, particularly as the point of contact with the regulator for 2S related matters.
• Fund Services: To advise and assist the business in ensuring that client and fund service providers’ obligations are complied with.  This may also include contribution to client RFPs; due diligence and audits.
• Regulatory Watch:  To help manage the Compliance department’s involvement in the identification, communication and implementation of regulatory changes (in conjunction with Legal).
• Policies and Procedures: To ensure the adoption of relevant Group compliance related policies and procedures; and development of relevant local policies.
• PE / PIC / MI: To ensure the adequacy of the management of Compliance’s systems and controls in relation to: (i) professional ethics; (ii) the protection of clients’ interests; and (iii) market integrity.
• Compliance Risk MGMT: To help manage the development, implementation, maintenance of, and / or contribution to, relevant risk assessment processes including, where appropriate, the preparation and provision of risk assessment reports on compliance risks to the relevant governance bodies of the Group and regulators.
• Compliance Monotoring:  To ensure the adequacy of the design and / or application of relevant compliance monitoring systems, processes and overall monitoring plan – to ensure that the business is operating within their regulatory risk appetite.

Qualifications & Experience required for this role: