FX DMA Specialist (Professional Ethics & Market Integrity)

  • Competitive
  • New York, NY, USA
  • Full time, Permanent
  • BNP Paribas
  • 18 Jan 18

The Ethics and Compliance area within BNPP helps to maintain compliance with applicable US laws and regulations. The Market Integrity and Professional Ethics (“MI/PE”) division is a part of the Ethics & Compliance Department which provides support to all of the business functions performed by BNPP in the US, Canada and Latin America. The Americas Control Room within the MI/PE space implements policies and procedures reasonably designed to prevent the misuse of material non-public information.

~~BNPP has entered into settlement agreements with regulators for conduct and control related issues arising out of BNPP’s Foreign Exchange (“FX”) business.  The settlements required BNPP to submit written plans to the regulators forming BNPP’s global remediation plan (“Remediation Plan”) Americas Compliance is remediating the US Corporate Investment Bank element of "Compliance-owned" and "Compliance-related" responses to the plans through several streams:
• Internal Controls and Compliance Program: covers enhancements, including;
a. Global Markets businesses (FX Local Markets, Commodities and Rates)
b. Conduct Program; and
c. Compliance and RISK
• Compliance Risk Management Program: covering 2nd Lines of Defense (notably Compliance and Operational Risk Control)
• Controls Review: covering a review of compliance policies and procedures with an appropriate risk-focused sampling of key controls (to be performed by Inspection Générale / Internal Audit

Responsibilities:
• Development of Market Integrity Generic Control Plan (“MI GCP”) framework/set up control; presentation and validation to Compliance ExCo of the MI GCP (phase 1)
• Perform control testing on MI/PE  framework within Americas CIB by sampling and framework analysis
• Contribute to the final version of MI GCP Procedure, including all controls (controls by sampling and framework)
• Assist in regional roll-out / full implementation of new MI GCP, including customization for Direct Market Access Businesses
• Provide daily support for controls relating to the accurate, timely and complete reporting of the Firm’s regulatory reporting obligations
• Keep abreast of current business developments and regulatory issues that may impact the MI/PE risk environment.
• Undertaking ad hoc projects related to business / regulatory controls

Minimum Required Qualifications:
• BA or BS Degree a must
• Minimum of 3 - 4 years of experience with a financial services  or accounting firm
o Preferably, exposure in Compliance, Risk, Finance, FX, Accounting, or related experience
o Control Room experience/knowledge such as Conflicts of Interest, Information Barrier procedures, and Need to Know principle is desired
• Must be highly organized and efficient with the ability to multi-task and meet tight deadlines
• Think analytically and make decisions based on sound judgment
• Possess excellent oral and written communication skills
• Work effectively in a team environment and foster effective working relationships
• Strong Microsoft Excel and Word skills

Preferred Qualifications:

FINRA Registrations Required: 
• Not Applicable