Business Overview:

Fully integrated into the IT and Operations (ITO) department, CIB Operations covers a large panel of operational activities supporting CIB business lines in the region. 

This role is for the Head of AMER Securities & Prime Transaction Processing. This role reports locally to the Head of AMER Market Operations – Transactions Processing and functionally to the Global Head of Securities & Prime Transaction Processing.

The Securities & Prime Transaction Processing function includes the middle and back offices dedicated to the support of each product within the Securities & Prime processing chains (Prime Brokerage, Equity Execution, Fixed Income Securities including bonds, ABS, CLO and MBS, and Syndicated Loans).

The Head of AMER Securities & Prime Transaction Processing is responsible for the functional regional management of Securities & Prime Transaction Processing Staff based out of the Americas, local management of Securities & Prime Transaction Processing staff based in the US, and oversight of Securities & Prime Transaction Processing production activities traded out of the Americas that have been nearshored & offshored or centrally managed.

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.

Responsibilities: 

The Head of AMER Securities & Prime Transaction Processing is responsible for driving the strategy & operational excellence of the platform for each of the Securities & Prime processing chains. This role is crucial for ensuring best-in-class service delivery to clients, enhancing overall operational performance, and aligning with business and regulatory requirements. The key responsibilities in this position are as follows

Design the Target Operating Model (TOM) of the department: 

• Organization local & regional i.e. inclusive of US and LATAM teams in partnership with global Head
• Location strategy plan (resilience) & oversight
• Assess the level of competence (vs required – skills matrix) of the Operational teams in charge of the production and highlight the gaps in terms of expertise/capacity

Strategic Leadership:

• Drive the platform's strategic development to provide best-in-class experiences to clients, business units, and regulatory supervisors
• Articulate with the Head of AMER Market Operations – Transactions Processing and Global Head of Securities & Prime Transaction Processing as well as with business to ensure full strategic alignment in terms of industrialization and transformation

Governance:

• Together with its counterparts within IT, steer the interactions all along the E2E value chains including relevant stakeholders to ensure alignment and effective service delivery
• Participate to the Head of AMER Market Operations – Transactions Processing and Global Head of Securities & Prime Transactions Processing exco governances
• Supervise & animate operations teams contributing to the platform services delivery
• Define & monitor department budget across the different locations & Centers of Expertise

Operational Risk Management:

• Manage the operational risks, working closely with Metiers as the first line of defence
• Oversee the management of all artefacts of permanent control including: RCSA, Control framework, Procedures, Audit recommendations, Operational resilience and business continuity

Regulatory Excellence:

• Continue to reinforce the operations platform’s resilience capabilities:
• Ensure Extreme Risk Scenarios set up for relevant activities.
• Ensure Operations readiness for any new industry standards.
• Ensure full alignment of processes & controls with Broker Dealer regulatory obligations 

Operational Excellence:

• Implement and monitor Operations standards, norms, and best practices.
• Monitor and report on key performance indicators (KPIs) to continuously improve the clients’ satisfaction.

Modern & Reliable Technology:

• Sponsor/Drive transformation initiatives allowing simplification & standardization of process within the department in tight collaboration with Metiers & IT, including the integration of AI and other advanced technologies
• Continue the industrialization & efficiency effort across locations

People Care and team Management:

• Lead the department, fostering a culture of continuous improvement and innovation
• Identify and propagate best practices within the platform on conduct, talent attraction, development and retention including effective training path & career path for staff
• Act as an advocate for diversity, equity and inclusion of talents

Minimum Required Qualifications:

Preferred Qualifications: 

FINRA Registrations Required:  

• Series 99 

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): 

• Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable 

The expected starting salary range for this position is between $180,000 to $225,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential. 

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

Protect yourself from fraudulent job postings. Emails about jobs at BNP Paribas will always come from addresses ending @bnpparibas.com @us.bnpparibas.com, @ca.bnpparibas.com, or @br.bnpparibas.com. You should be suspicious of emails regarding employment with BNP Paribas coming from any other domains and should not respond. BNP Paribas will never send payments to or request payments from candidates for positions posted by BNP Paribas.