Director- Head of FICC Advisory (Credit Markets, Rates & FXLM)

Compliance Advisor

The CIB Americas Compliance unit within BNPP helps to maintain compliance with applicable U.S. laws and regulations. Under the Compliance Advisory space, depending on the global business line, FICC Compliance provides compliance coverage for the Global Credit Markets Americas (GCMA), Global Macro, and FXLM.COM global business lines. The Head of FICC manages a team of advisors that provide primary compliance coverage for the respective business areas.

This team works closely with the Global Banking Team to collaborate on banking regulatory issues. Within GCMA, the desks include the securities activities of the following:

• Credit Sales, Credit Trading and the Credit Desk Analysts
• CLO, ABS & RMBS Origination
• Credit Solutions / Structuring
• Debt Capital Markets / Investment Grade Finance
• High Grade Syndication (including Private Placements)
• AFS Syndication
• HY/Leverage Loans Syndication

Within Global Macro, the desks include:

• Linear Rates Trading
• Rates Sales
• Institutional Sales
• Structured Products Trading
• Repo Desk
• Corporate Solutions Sales
• Agency Mortgage Trading
• Structuring & Solutions
• U.S. Treasury Sales & Trading
• Senior Economist & Rates Strategy

Within FXLM.COM, the desks (depending on the region, certain desks are covered by LATAM Compliance Advisory) include:

• US Institutional Sales
• Corporate Sales
• FXLM Trading (North America & LATAM)
• LatAm Institutional and Corporate Sales
• Americas FXLM and CD (Commodity Derivatives) Structuring & Solutions
• Commodity Sales
• FX Sales

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:

• Provide regulatory and compliance advice, effective challenge and training to the businesses on rules, regulations, policies and best practices
• Research securities and regulatory rules / rule changes and distill major points thereof into procedures and related controls
• Compliance representative on the Mandated Approval Committee for new Advisory/ IBG US engagements
• Within GCMA, Compliance representative on the Fixed Income Capital Commitment Committee (FICC) for private-side mandates
• Compliance representative on the New Activity Validation Committee (NAC) and Transaction Approval Committee (TAC) for the respective business lines and numerous other committees
• Assess relevant regulatory risks and controls related to the appropriate global business line activities and work with front office, IT, and other functions to develop and implement solutions to adequately address BNPP's regulatory risk exposure.
• Participate in BNPP's Annual Compliance Risk Assessment process and assist front office and the functions in the implementation and closing of required action plans to address applicable regulatory risks
• Escalate appropriate matters and/or incidents to BNPP management and applicable governance bodies in a timely manner
• Establish written guidance on the appropriate implementation of regulatory requirements, laws, rules and standards through policies and procedures and other documents such as Compliance Manuals, Written Supervisory Procedures and other mediums
• Conduct training on various Compliance / regulatory topics and utilize various methods (e.g., team meetings; one-on-one; Compliance Bulletins; Annual Compliance Meetings) to educate the front office
• Track new industry initiatives and regulatory developments, and work with the business and logistics and control partners, on implementation of any controls or new requirements
• Assist on regulatory exams and related responses
• Assist on regulatory inquiries and related responses
• Work closely with compliance domains such as Market Integrity/Professional Ethics (MI/PE), Financial Security (FS), and Protection of Interests of Clients (PIC) on transversal, and group wide, issues and initiatives
• Interface with other control areas; in particular, the Business CCCO (Chief Conduct and Control Office) Team, as well as Legal and Control Room, to identify and provide advice and effective challenges with respect to compliance, reputational and operational risks
• Participate in cross-training opportunities in collaboration with the broader Compliance Team, specifically an openness to supporting and learning about other global business lines
• Work with other groups within Compliance including testing, surveillance and risk assessments

Minimum Required Qualifications:

• B.A. or B.S. Degree
• Minimum of 10 years of experience with a financial services firm in a compliance role
• Strong knowledge of U.S. securities and swap dealer rules and regulations, especially those of the SEC and FINRA and CFTC/NFA swap dealer
• Excellent interpersonal and communication skills with the ability to interact effectively with front office employees and senior management
• Work effectively in a team environment and foster effective relationships
• Superb oral and written communication skills
• Think analytically and provide advice based on sound judgment
• Ability to create and maintain Compliance manuals and procedures
• Exceptional organizational and project management skills, as well as attention to detail
• Advanced skills and competencies to:
  • Manage multiple open issues and projects at the same time and meet timely deadlines
  • Interact and work closely with the business and infrastructure partners at all levels of seniority

Preferred Qualifications:

• Master's Degree, or JD or MBA and at least 10 years' experience

FINRA Registrations Required:

• Series 7, 24, and 14 security licenses – preferred
• Series 3 futures licenses - preferred

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 $285,000 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.

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