Position Purpose
The Chief Conduct and Control Office (“GM CCCO”) is a transversal team within Global Markets (“GM”) that is responsible for overseeing the main risks and controls, while ensuring the integrity and the sustainable development in GM’s portfolio of activities. GM CCCO has a global mandate across all platforms, with teams located in Americas, EMEA and APAC.
Within the CCCO department, the GM Operational Permanent Control & TAC/NAC[1] Coordination team (“GM OPC”) serves as subject matter expert on the Front Office (‘FO’) supervision structure, operational risks’ assessment, controls and governance. Sitting with the business and acting as the first line of defense (“1LOD”), GM OPC partners closely with FO senior management, COO, Compliance, IT & Operations and other control functions to strengthen GM operational processes. In particular, GM OPC in APAC is aiming to deliver:
- Protection: continuous advisory to FO as well as ad-hoc awareness & training sessions dedicated to 1LoD
- Prevention & Risk Assessment: assessment, monitoring of the front-to-end control plan as well as definition of risk mitigation’s action plan in collaboration with the support functions
- Supervision: Governance structure with regular supervision forums with heads of business lines
*TAC/NAC refers to “exceptional Transaction Approval Committee / New Activity Committee”
Responsibilities
The successful candidate will advise the business lines on Operational Risk Management, promote best practices, contribute to the delivery of an effective & efficient internal control framework, and support business development initiatives while ensuring adequate governance as required by Regulators. The GM OPC Officer will contribute to the three following permanent control streams:
Protection
- Strengthen FO to End control set up through the declaration, investigation, analysis of operational risk incidents
- Contribute to determine risk reduction actions & coordinate ad-hoc global remediation plans
- Drive the Métier in the answer, follow up and closure of any internal or external recommendation
- Materialize, maintain & improve the FO control plan
Prevention / Risk Assessment
- Develop and manage operational risk monitoring measures and reporting (e.g. KRI, Risk Control Self-Assessment (‘RCSA’) including Conduct.
- Contribution to the rationalization, cleaning, efficiency of controls while reducing risks
- Conduct training and awareness sessions aiming to strengthen a risk mitigation culture.
Supervision
- Validation process: Coordinate the internal validation of exceptional transactions, new activities, proprietary custom index or automated trading strategies; Provide advisory to FO and Functions on operational risk assessment throughout the validation process. Ensure adherence to the relevant policies & proper implementation of actions points.
- Coordinate and contribute to the internal control Governance forums and provide advisory on operational risk governance.
Governance
- Ensure qualitative & prompt deliverable for Global Equities for (i)/ (ii)/ (iii).
- Coordinate and perform the relevant reporting
- Ensure good interaction within GM OPC & stakeholders (GM Business, other teams from LoD1 and LoD2.
- The GM OPC Officer makes sure he/she complies with BNP Paribas Group and CIB methodologies, tools, standards, and Code of Conduct
Technical & Behavioral Competencies
- Proven relevant operational risk methodology, internal control, business risk, internal audit or Front Office experience
- Good general knowledge of trading activities and Front-to-Back processes is a must and supporting processes.
- Strong communication skills in written and spoken English (additional language skills is appreciated)
- Demonstrate ability to identify key risk and contribute to the control framework for a wide variety of situations with the ability to act autonomously;
- Demonstrate ability to form and articulate an informed position through structured thinking, problem solving and prioritisation;
- Stakeholder management and influencing skills
- Familiarity with the regulatory landscape in APAC
- High Ethical standard
About BNP PARIBAS
As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
- BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
- BNP Paribas MixCity which fosters better representation of women at all levels of the organization
- Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
- BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
https://careers.apac.bnpparibas/
More information
BNP Paribas – Diversity & Inclusion Journey
BNP Paribas – The Bank Of Green Changes
Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
BNP Paribas offers you an exciting career opportunity in an international, challenging business environment characterized by high pace and diversity with focus on creating valuable relations with our customers. We offer a competitive salary & benefits package and also an excellent work environment where you’re valued as part of our team!
* excluding partnerships
Position Purpose
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Contribute and responsible for the team performance, achieving efficiency, risk control and promoting team spirit and professionalism
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Identify, originate, develop and maintain Wealth Management client relationships for clients on an advisory basis
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Manage existing and new client relationships in a thoroughly professional manner with the full support management and in line with the professional ethics and guidelines established by BNP Paribas (“the Bank”) from time to time
Key Responsibilities
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Meet annual goals / budgets set by manager for the team and self (if applicable)
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Develop existing and new relationships
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Adhere to client coverage framework. Know all clients in the team, as well as to engage all their clients on a regular basis
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Execute pricing discipline as per minimum pricing guidelines
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Market a full range of Wealth Management products and services in a diversified manner to existing and new clients
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Maintain communications with clients to assess their needs and risk profile, advise on appropriate investment mix
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Cultivate and manage relationships with other areas of the Bank to promote cross-selling
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Ensure product documentation including credit facilities is at all times correct and appropriate
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Maintain good level of knowledge of the Bank’s systems and regulatory environment
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Contribute to the definition and implementation of WM Asia’s strategies and goals
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Contribute to the recruitment, performance management and career development of the team
Financial Security
Ensure compliance with Bank’s policies/procedures and regulatory requirements, in particular with regards to the KYC responsibilities and duties, as per relevant policies and procedures, and the summary of responsibilities list below:
Summary of SBO/SCBO Responsibilities pertaining to
Know Your Customer and AML/Sanctions Policies
The RM, when acting as SBO/SCBO:
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must initiate the KYC on boarding process and is responsible to collect the KYC data (with support of the appropriate teams in charge of due diligence);
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makes an assessment whether starting a new relationship or maintaining an existing relationship with a customer is appropriate, in respect of the reputation and the money laundering/terrorist financing/sanctions risks, irrespective of the possible type of business the customer is currently doing or intends to do with the bank. This assessment must be formalized in writing in the KYC package (qualitative SBO opinion describing the risks and their mitigants is mandatory in all cases);
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uses the KYC scoring grid and his/her judgment to determine the sensitivity, assisted by the teams in charge of due diligence. He/she provides the teams in charge of due diligence with the knowledge/details they need when contacts with customers is required;
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submits the customer’s KYC file to the CAC (Customer Acceptance Committee), as may be required, and provides the CAC with all information and documentation it may require;
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contributes to assess the relevance and appropriateness of offering and/or maintaining certain products and services of the Bank in view of the risk profile of the customer;
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contributes to the detection of any unusual and/or suspicious transactions by his/her customer with due reporting to a Compliance Officer;
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and employs his/her best efforts to maintain a thorough knowledge of his/her customer from available documentary sources and regular direct contacts with them;
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finally, he/she must keep the KYC up-to date in accordance with the Bank’s standards. In particular, he/she must trigger an ad-hoc review as soon as necessary, notably in case of becoming aware of any material adverse information in connection with any of their customers in the field of AML-CTF, in accordance with the relevant KYC policies and procedures.
Control Aspect
- Direct contribution to the Bank’s operational permanent control framework
- Responsible for the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
- Comply with regulatory requirements and internal guidelines
- Responsible for ensuring direct reports comply with regulatory requirements and internal guidelines
- Responsible for ensuring direct reports comply with regulatory requirements and internal guidelines
- Responsible for reporting all incidents according to the Incident Management System
Competencies (Technical / Behavioral)
- Client-focused with excellent interpersonal and communication skills
- Good leadership skills
- Lead by example
- A team player with good initiative and team spirit
- Relevant language skills
Qualifications and Experience :
- University degree
- Relevant banking experience
- Team management experience is preferred
- Must fulfill the fit and proper criteria of relevant regulators
- Must fulfill the BNP Paribas Private Banker Certification requirements (if applicable)
What is this position about?
The Recertification Lead is a coordinator role and created within ITO with a primary focus to oversee the client periodic review process. It acts as the point of contact for client for any recertification related matters while coordinating with all the relevant teams and departments.
The recertification team objectives:
- Manage recertification schedule
- Alleviate administration duty of document collection from SBO
- Protect the bank through periodic and ad hoc review
- Strengthen & improve client relationship by enhancing the recertification experience
What would be your typical day at BNPP Paribas look like?
Direct Responsibilities
Team duty
Manage and lead recertification scheduling through a 3 stages methodology
- Facilitate and coordinate recertification process with bank policy
- Identify and verify entities to be recertified with business, affirm recertification strategy and priorities
- Manage and lead recertification scheduling according to bank policy
Ensure clients receive the highest standard of recertification experience
- SPOC between client, business and internal stakeholders
- Handhold the client throughout the recertification journey
- Collect all required documents from clients & RM
- Effectively communicate the recertification status to clients and internal stakeholders
Efficient and effective coordination with all internal teams
- Pre-empt any blockers and/or additional work to the recertification process, and escalate as necessary
- Handle recertification related inquiry quickly and professionally to reduce any delay in the process
- Communicate and coordinate with all functions such as Data Officer, Data Controller, Screener, Investigator, Senior KYC Officer, RM, etc.
- Ensure defined KPIs are met
- Coordinate prioritization of muti-sites and cross border onboarding and related matters among global E2E Coordinator teams
Maintain and report information on recertification services and quality provided to clients
- Contribute to recertification pipeline management and status tracker
- Continually seek ways to improve the recertification process and journey by leveraging on client feedback
Contributing Responsibilities
- Contribute to the Permanent Control framework
- Contribute to the data quality and KPIs as set by management
- Ability to interpret and articulate the guidelines provided by the Group Policies and Procedures to govern the KYC/AML recertification process
Technical & Behavioral Competencies
- Minimum 3 years in any of the following areas: Client onboarding, KYC/AML new account onboarding, Recertification/QDD specialist, KYC Advisory, Compliance, Financial Markets Regulator or a client facing role
- Ability to work collaboratively across functions
- Highly motivated to uplift client experience
- Good communication skills (face to face, verbal and written)
- Rigorous and detailed oriented
- Ability to work under pressure and deliver under tight deadlines
- Excellent analytical and problem solving skills (Continuous improvement, Project Management experience is a plus)
- Fluent in English and Korean
- Experience in Securities Services is a plus
- Critical thinking and open minded, ability to propose innovative solutions