Business Overview:

The Capital Markets Surveillance Team (CMS) is part of the Compliance Risk Management Group within the Compliance Department. CMS is responsible for working with Business Management, Compliance Advisory, and IT to create surveillance models and reports. It then analyzes transaction alerts generated from the Firm’s activity monitoring systems and exceptions generated from exception reports to detect potential regulatory violations, market manipulation, or suspicious activity. Matters of importance and recommended corrective action are brought to the attention of Senior Management and tracked to resolution. CMS plays a critical role in working with the front and back-office staff to perform reviews when necessary, and to determine and coordinate corrective action.

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 Quality Assurance for Capital Markets Surveillance is responsible for ensuring the general health and quality of the Capital Markets Surveillance program while validating the bank’s compliance with applicable industry rules and regulations. The Head of Quality Assurance for Capital Markets Surveillance executes the following: 

Direct and Manage the CMS Quality Assurance Program: 

• Conduct targeted Quality Assurance reviews to assess and review compliance with legal, regulatory and internal Firm policy requirements.
• Escalate potential issues and exception items noted during the review process to Head of CMS for discussion and further investigation if deemed necessary.
• Prepare and distribute reports to Senior Management detailing review findings and recommendations; periodically report on significant activities conducted and planned for the upcoming period.
• Anticipate regulatory requirements exemplified in regulatory actions and guidance and ensure the requirements are met within CMS; implement compensating controls to manage risk.
• Conceptualize and assist in the development of new rules to address emerging trends and identify red flags within the CMS program. 

Direct and Manage the CMS Quality Assurance Program Cont’d: 

• Mitigate risks of exposure through process change proposals and escalations of recommendations within CMS through Senior Management.
• Lead working groups that focus on enhancing controls/quality of the trade surveillance program; define timetables and project plans while focusing on strategic initiatives. 
• Assist the Head of CMS with examinations by the firm’s regulators and internal auditors.
• Conduct special investigations and projects as deemed necessary by CMS and Senior Management.
• Inquire/investigate industry tools and consensus on industry practices.
• Drive the institution of a culture of excellence regarding staff development and performance.

Direct and Manage the CMS Model Review Program: 

• Test and re-validate the integrity of global and domestic Capital Market Surveillance models/reports including, but not limited to, logic, data inputs/feeds and methodology against regulatory compliance requirements/standards for Capital Markets trading products across all major asset classes.
• Liaise with CMS Analysts and Compliance Information Technology in the development, review, and testing of new automated surveillance models and exception report output to clarify requirements; participate in the process and/or review results and mitigate issues.
• Evaluate and analyze trading “alerts” generated from automated surveillances, exceptions generated from exception reports and investigate potential trading issues flagged by the business units, for potential flaws in the surveillance logic/methodology.
• Enhance CMS Surveillance procedures for model review to meet regulatory requirements, document the testing and implementation of enhancements and solutions.
• Identify gaps in internal controls and trade surveillances across asset classes. 
• Interact with Business Units and CMS Analysts to gather model related information and clarify model related questions; communicate findings and recommendations with CMS, IT and Business Units.

Minimum Required Qualifications:

• Strong bank/broker-dealer operational experience and understanding.
• Bachelor’s degree required and at least 10 years relevant work experience.
• Proficient knowledge of the Securities Exchange Act of 1933 and 1934, FINRA, NYSE, listed option exchange rules, Commodity Exchange Act and future exchange rules.
• Demonstrates proven extensive knowledge of, and success in roles encompassing the following areas: data quality and data management tools, regulatory reporting governing CMS Surveillance, Operations Risk Management, Quality Assurance, Information Life Cycle Management, Risk Analytics and Modelling, including, but not limited to, NICE Actimize, Smarts and Protegent. 
• Proficient knowledge of U.S. securities, derivatives, futures and banking regulations, including the rules and regulations of the SEC, CFTC and all exchanges and associations under such federal agencies, including FINRA, NFA, NYSE, CBOE, ISE, CME, NYMEX and ICE US.
• Ability to think strategically and analytically (solution centric mindset and creativity). 
• Strong presence, interpersonal skills and executive level oral and written communication (strong negotiation skills). 
• Ability to build and maintain relationships with various types of stakeholders. 
• High energy, tenacity, resilience, capacity to keep going under pressure and meet demanding deadlines. 
• Attention to detail and the ability to manage multiple undertakings at the same time and with different level of granularity, constantly keeping focus on priorities. 

Preferred Qualifications: 

• Master’s Degree a plus.
• Securities license a plus; Series 7/63 preferred; other related professional certifications a plus. 

FINRA Registrations Required:  

• Not Applicable 

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

• Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable 

While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted.

The expected starting salary range for this position is between $160,000 to $280,000 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.

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/