Business Overview:

This is the role with the CMI (Capital Market Initiatives) team as part of CIB IT CCCO (Chief Conduct & Control Office) organization within CIB AMER (Corporate & Institutional Banking for Americas). 

CIB ITO CCCO was created to take over the permanent control framework responsibility covering all non-financial risks through ITO first line of defense in close collaboration with OPC Métiers and the second line of defense. 

The US/Americas ITO CCCO (Chief Control and Conduct Office) department covers the following areas: Information security, Operational resilience, IT and Cyber GRC (Governance, Risk and Controls) and ITO CDO (Chief Data Office).

At CIB ITO, data is a strategic asset at the heart of business operational activities. An increasing regulatory framework requires high quality standards, deep understanding of the business workflows, robust audit trails and advanced data infrastructures

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: 

Capital Market Initiatives (CMI), part of the Records and Regulatory Reporting Office (3RO), organize transaction regulatory reporting and address its inherent risks as part of its first line of defense role.

The team is at crossroads between regulations and trade processing, and work on daily basis with business, IT, Ops and Compliance all at the same time and responsible for driving projects, ensuring controls, and providing governance for transaction regulatory reporting within CIB for registered swap-dealer & broker-dealer entities.

The Regulatory Reporting Officer, as a member of the CMI team, will intervene in autonomy and with expertise, in various situations described in the core Responsibilities of the role section below, related to the good organization of the transaction regulatory reporting.

The Regulatory Reporting Officer is responsible for ensuring compliance with relevant regulations and standards related to broker-dealer reporting like FINRA CAT, TRACE, TRF with specialized focus on FINRA TRACE Reporting.  This role involves collaboration with various departments to gather data, analyze reporting requirements, and implement best practices in regulatory reporting.

Core Responsibilities of Role:

1. Interpret and transcribe regulations into Business Requirements Definitions (BRD) tailored to business workflows and data models including their respective descriptions.
2. Continuous improvements by categorising and documenting the diverse reporting schemas, improve their data quality, allowing audit trail, rapid interpretations, and better frame of work.
3. Records all events in management and audit tools according to their materiality.
4. Prepare material and interface with regulators on topics of transaction reporting in ad-hoc basis and quarterly, with the support of CCCO GM
5. Manage the IT BoW priority and scope with a transversal angle
6. Act as an expert in Regulatory Reporting and provide guidance and help whenever requested to all GM (Global Markets) partners (New business developments, prod incidents, GM projects, TAC/NAC etc.....).
7. Analyze any reporting gaps or issues identified by operational teams.
8. Define and implement KPI’s for regulatory reporting and present to internal governance groups.
9. Collaborate with Business and ITO stakeholders to best understand their operational and strategic needs.
10. Communicate effectively with regulators and stakeholders regarding reporting requirements and findings.
11. Actively participate in the delivery of major or complex regulatory reporting events or new obligations, by:
    • Leading interpretation and document it as per above
    • Act as “Stream Leader” when requested and coordinate delivery/action plan. 

1. Maintain thorough documentation of reporting processes and methodologies.
2. Contribute to official internal committee preparation for its scope of responsibility (TRPP, ICC, local governance when relevant)

Minimum Required Qualifications:

• Experience: Minimum 3+ years of transaction reporting experience in broker-dealer reporting.
• Deep understanding of financial regulations FINRA 6700 TRACE Rules and reporting standards.
• Deep understanding of instruments related to Debt Securities, Corporate Bonds, Agency Securities, Securitized Products, and US Treasuries.
• Proven experience in large financial and international banking institutions
• Strong analytical skills (Ability to synthesize and understand complex projects or processes)
• Clear and Concise written and Oral Communication Skills.
• Exposure to multi-cultural and complex international banking organizations

Preferred Qualifications: 

• Bachelor or Master of Science in Finance, Business Administration or related areas.

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 $115k to $130k 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/

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.

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