Senior Compliance Officer (Team Lead), Market Integrity APAC, Monitoring and Surveillance

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!

BNP Paribas

The BNP Paribas Group is a leader in banking and financial services, employing over 185,000 people across 75 countries and 5 continents. At BNP Paribas, we work continuously on behalf of our clients, helping them to realise their projects around the world. You can be an important part of this, helping us to serve our clients both in mature and emerging markets, providing them with financial solutions across a diverse range of expertise, products and services. Our origins lie in Europe but nearly a quarter of our employees now work in our multi-award-winning Asian offices and we are a committed player in all APAC markets.

In Asia Pacific, BNP Paribas has been present in the region for over 150 years and plans to grow its business from €2bl EUR to €3bl EUR by the end of 2016. With 9,000 employees in the region and a presence in 14 markets (with 3 main centres in Hong Kong, Singapore and Tokyo), BNP Paribas offers you the chance to grow with us in Asia Pacific.

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!

Position Purpose

The Market Integrity (MI) APAC Monitoring and Surveillance teams in Singapore, Hong Kong and Japan perform monitoring and surveillance controls on Global Markets, ALMT and Investment Banking businesses within APAC. The Head, MI APAC Monitoring and Surveillance oversees the MI APAC Monitoring and Surveillance teams and acts as the Market Integrity Surveillance Responsible Officer (MISRO) for APAC, defining, promoting and reinforcing APAC monitoring and surveillance strategy and principles. The Head, MI APAC Monitoring and Surveillance is responsible for the APAC execution of the monitoring and surveillance strategy and the ongoing development and enhancements of the controls.

Key Responsibilities
  • Run the bank
    • Oversight of the day-to-day activities of all monitoring and surveillance teams in APAC, which include, amongst others, Actimize and SMARTS trade surveillance, electronic communication surveillance, voice recording surveillance, as well as the manual Compliance testing and control reviews
    • Regular interaction with local heads of Global Markets business lines and Desk Heads throughout APAC as well as with GRM and other support functions on all matters related to suspicious activities including the reporting of management information, the control framework (Senior Business Management only) and potential joint investigations as appropriate
    • Working with Global Markets and Institutional Banking Compliance teams, Front, Middle and Back office staff, including FOCS, to ensure that appropriate controls, surveillance reports and written supervisory procedures are in place to support and monitor any new business/product across the 1st and 2nd Lines of Defence
    • Coordinating with the local Country Compliance heads and dedicated Global Markets and Institutional Banking Compliance officers on all surveillance matters related to local and cross border transactions and to establish the required Compliance testing programs and control reviews
    • Direct oversight of all local Compliance Surveillance heads in APAC
    • Direct contribution to BNP Paribas generic control framework.
    • The above will require regular travel and have face to face meetings in order to ensure effective regional surveillance oversight of the local teams as well as the conformance to regional and group standards.
  • Change the Bank
    • Strategy & Change Management
      • Define, promote and reinforce Compliance Strategy and Principles
      • Build and embed new regional Compliance Surveillance management reporting framework in to APAC Surveillance, Strategy, Change & Transformation to ensure all local Compliance Surveillance Heads receive guidance and strategy as cascaded down by Group and CIB MI Domain and to effect the required changes
      • Build out a transversal Change & Transformation function for effective and successful delivery of all APAC Surveillance projects under direct responsibility
      • Taking ownership of all APAC MI change and transformation projects, which include, amongst others:
        • The mutualization and integration of surveillance controls and processes for all other BNPP APAC business métiers
      • Managing the implementation of electronic communication surveillance to all front office business lines within the Global Markets and Institutional Banking businesses, as well as similar business lines in other priority Asia Pacific countries
      • Coordinating with the Group and CIB MI domain on various global projects including the FX remediation exercise and the Read-Across program
      • APAC Key Controls Remediation SPOC
      • Compliance Lead and SPOC for the deployment of RPA and other automation processes for APAC needs
      • Oversight, maintain and enhance existing Compliance trade surveillance policies and procedures
      • Define and continued review of the 'CTB' resource strategy to ensure successful technology deliveries and embedding and against the overall strategy, the book of works, upcoming regulatory requirements and project deliveries
      • Understand the impact of other strategic initiatives and engage with appropriate teams to identify interdependencies
      • Providing integration strategy for Data Aggregation framework for the purpose of increasing the sophistication of risk management and use of information to deliver an effective, robust, appropriate and proportionate technology response
      • Surveillance Digital Technology including:
        • Identify opportunities and influence the direction of Surveillance Digital Technology implementations
        • Drive and sponsor Compliance Surveillance Technology development and implementation for APAC needs
        • Digitalisation of various surveillance processes ongoing horizon scanning for Digital technology including the evaluation of vendor systems and services
        • Continued review of Compliance Surveillance processes for potential deployment of Digital Technology leading to efficiencies
        • Leverage enabling technologies to achieve cost avoidance and cost savings
      • Supervising and building out the offshoring / Smart-shoring of various first level surveillance processes to the appropriate sites including ISPL in India
      • The above will require regular travel and have face to face meetings to effectively embed and improve the regional oversight and management structure as well as successful implementation and embedding of project and change strategy and deliverables.
    • Program Management
      • Program & Change Management of all Digital or non-Digital Technology Surveillance Project and current Tools through the project lifecycle
      • Act as the gatekeeper of all Digital or non-Digital Technology Surveillance Change programs, projects and initiatives
      • Understanding business, Compliance and IT issues and challenges, take direct responsibility for the coordination of relevant business and Compliance Surveillance Technology change tasks
      • Introduce effective new governance and transparency to APAC Compliance Surveillance Technology projects
      • Build and maintain APAC Compliance Surveillance Digital and non-digital Technology mapping
    • Transformation Management
      • Standardize and integrate current fragmented and complex processes & system structures through a coordinated Transformation Program
      • Implementing and improving the integration of Business Analysis and Change Management
    • Stakeholder Management
      • APAC SPOC for Compliance Surveillance Digital Strategy
      • Act as enabler and conduit for the primary stakeholders and their relationship with senior management, business, various IT teams and vendors etc
      • Provide briefings to senior Group & CIB Compliance and GM business stakeholders such as GBL Heads
      • Identify and engage key stakeholders across businesses and functions
    • Continuous End to End Review of APAC Compliance Surveillance Structure
      • Review APAC Compliance Surveillance Structure
        • Review governance across APAC Local Heads of Surveillance
        • Review operating model for Local BAU, ISPL and Project & Change Management
        • Review resource strategy for Local BAU, ISPL and Project & Change Management
        • Conduct risk assessment for Trade Surveillance, E-comms Surveillance and Voice Surveillance in each Local BAU team and ISPL
        • Review Risk Assessment, Gap Analysis, Regulatory Mapping for each Local Compliance Surveillance regulators risk & control requirements
        • Review all APAC remediation plans and Projects, Program Objectives & PID, Project Governance & Risk Mitigation Controls
        • Review reporting framework for APAC Compliance Surveillance
        • Review APAC Surveillance Change Framework and Surveillance Strategy Conformance
        • Review all APAC Surveillance Annual Control plans


Competencies (Technical / Behavioural)
  • University graduate with major in Accounting, Business Administration, Economics, Finance or Law or equivalent qualification
  • At least 10-15 years' regulatory or compliance experience, experience in monitoring and surveillance is mandatory
  • Demonstrated staff management experience across different countries and nationalities.
  • Demonstrate capacity for sound project management, analytical and problem solving skills with the ability to exercise sound and balanced judgment.
  • Demonstrate strong interpersonal skills with the ability to communicate and consult at all levels, especially with senior management.
  • Committed to confidentiality, integrity and objectivity
  • Good knowledge of securities markets, businesses, products
  • Familiar with securities and exchange rules and regulations
  • Proactive in identifying risks and proposing solutions
  • Good written and oral communication skills
  • High attention to details
  • Ability to handle multiple tasks simultaneously and work under tight deadlines