Job Details

Vice President - Senior Volcker Compliance Officer

Company name

Organization Type

In-House

Job Type

Attorney

Years of Experience

Min 5 yrs required

Location

New York City, NY

Date Last Verified

Aug 20,2017

Posted on

Jul 04,2017
Practice Area
Finance >> Finance - Banking
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Vice President - Senior Volcker Compliance Officer The candidate will be responsible for: Defining compliance transversal norms, global charters, policies and procedures, Formalizing decision making processes, Defining the framework under which the procedures of the Compliance are established and implemented within the Function, Deploying and overseeing the control framework for banking and tax laws with extra-territorial reach. Organize and supervise the attestation and certification processes at Group Level with an objective of timeliness, consistency and efficiency across Poles and Métiers. Own the Group generic control plan and sponsors the independent testing program, in partnership with IG-Audit and Compliance review teams, to ensure the continuous effectiveness of the Volcker-FBL Internal Compliance Program (ICP) at Group level. Ensures the proper governance around the controls deployment. Report and escalate to senior management any breach or deviation uncovered during the ICP execution. Maintain the set of Group policies and procedures related to the regulations in scope. Provide advisory to Métiers and Poles in connection with Risk, Legal and Compliance teams. Set training standards, design and maintain awareness of generic e-learning modules. Ensure proper Group documentation and record-keeping. For the following regulations which are primarily within the scope of responsibilities of the Global Banking and Fiscal Regulations team (formerly known as the Volcker Office), i.e. the Structural Banking Reforms (Volcker Rule, French Banking Law and other new regulations that may emerge in this area) and the Tax Avoidance Prevention laws (FATCA, AEOI) and possibly other new regulations that may emerge in this area. The scope of responsibilities also includes additional duties to cover CFTC Swap Dealer governance to support CFTC swap rules and regulations adopted under Title VII of Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). The Senior Officer is in charge of the following for the U.S.: Bring relevant expertise and provide advisory services to the Métiers and Group Control Functions on the above regulations. Steer the deployment of the company second-level Internal Control Plans (ICP) related to the regulations listed above and control the effectiveness of their deployment on the ground, as a Level 2 control group. Adapt Group procedures and guidelines to reflect any change in regulations and adapt the ICP framework accordingly. Build and deploy Level 2 permanent control capabilities, coordinate Compliance Review Team efforts in their testing of first and second level controls related to in-scope regulations; steer the risk assessment at Group and Métier Levels in coordination with relevant internal and external parties as the case may be. Ensure that the ICP and risk assessment are closely monitored, acted upon on an ongoing basis, that risk areas are properly identified in order to adapt the ICP accordingly, and propose the necessary actions to relevant teams and management. Execute on-site controls when appropriate and in conjunction with Métiers, other Level 2 and Level 3 control teams and outside firms if needed, and upon request of regional management. Coordinate the Independent Testing annual run with relevant internal and external parties as the case may be. Design and deploy the Group certification process for all Métiers and entities as per Group rules; communicate it to senior managers and steer its effective annual implementation. Ensure the deployment of a robust training plan at Group level and define standards in conjunction with HR partners. Ensure the effective deployment of an appropriate training plan at Métiers level. Contribute to the organization of training events locally and globally. Contribute to the design, deployment and run documentation repository tools to facilitate audits and controls by level 3 control teams (Inspection Générale) and external regulators. Contribute to the response to external regulators, both on a regular basis as per legal requirements, and upon request. Contribute to any internal reports and regional governance required within the Group (e.g. CIRCC, Comex, Management Committees and Board meetings). On a case by case basis, provide Advisory services to the Business for specific new transactions or activities for which Legal, Risk and/or Compliance teams are unable to arrive at a definitive position and require a second opinion. Any other task which may be required under the final definition of the team Mission Statement. Contribute to the design and deployment of a recordkeeping strategy at Group level, as well as the definition of data integrity and safekeeping rules. Participate in the Métiers governance and cascade of review meetings if agreed with the Métiers (ex: sub-ICC participation within CIB). Sponsored and coordinated processes shall be delivered in a timely manner. Risks of execution shall be escalated promptly to management.

Qualification and Experience

The candidate should have Bachelor Degree or Juris Doctorate degree with relevant experience. Must have 5+ years of experience working with compliance and banking regulations with a Bank or Financial Institution. Should have working knowledge of U.S. and International G10 regulations in the area of structural bank reforms and OTC derivatives; ability to provide oral and written advice on the go. Must have strong capabilities to spot and anticipate issues when reviewing the Risk Assessment and Internal Control plans. Should have strong organizational and project management skills (documentation, issue tracking, effective coordination). Must have ability to frame and document complex issues in order to prepare for senior managers decisions. Should have strong interpersonal skills in order to foster collaboration within the team and with key partners: Legal, other Compliance teams and departments, Risk-GRM, Métiers, and other control functions. Must have strong communication skills with the ability to communicate clearly and succinctly on complex and possibly sensitive topics to all levels of senior managers in the BNP Paribas regional and central organization. 7+ years of relevant experience in a Volcker office position or similar role in Compliance/Legal or Risk departments covering above referenced regulations is preferred.

Additional info

Job Number: COM001030

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