Compliance Independent Testing Officer (Assistant Manager)

Job Title: Compliance Independent Testing Officer (Assistant Manager)

Department: India Compliance COE

About Business line/Function: Compliance

Position Purpose: India Compliance COE is focused to protect the reputation of the Group and effectively manage risk across all business areas by providing support to various Compliance functions. At present the department is broadly organized into divisions which embed into the areas they support to provide services for Global Compliance Training, Capital Markets Surveillance, Electronic Communication Surveillance, Transversal Risk Management (TRM), Compliance Migrations Co-Ordination, Personal Account Dealing, MIS and Projects support. The team works closely with business partners in CIB and the wider group.

Responsibilities

Direct Responsibilities

The person will be a part of the Transversal Risk Management (TRM) team reporting to Compliance Independent Testing management and ensure regional coverage of testing and monitoring activities for BNP Paribas in North and South America.

• Execute independent testing on the first and second lines of defense as defined by internal control procedures and regulations
• Independently and accurately perform assigned reviews and monitoring tasks under the supervision of a Manager within CIT in order to assess compliance with legal, regulatory and internal firm policy requirements
• Conduct compliance testing of regulatory requirements, processes, policies, procedures, and controls under the direction of CIT Managers in order to assess and review compliance with legal, regulatory and internal firm policy and procedure requirements.
• Execute, formalize and report on assigned tasks and direct controls within CIT responsibility.
• Escalate weaknesses identified to CIT Managers for discussion and further investigation if deemed necessary.
• Draft and validate issues and recommendations addressing the root cause of the issues with stakeholders.
• Ensure that all findings and recommendations are entered into the appropriate tool for tracking purposes, perform periodic follow-up with stakeholders of open issues and review/validate submitted closure evidence to ensure proper resolution.
• Enhance, deliver, and support the annual CIT Plan, ensuring coverage for existing Firm standards, new regulations, changes to existing regulations, and any audit or exam findings.
• Achieve objectives within strict time constraints.
  
  

Contributing Responsibilities

• In the spirit of continuous improvement, assist with the identification of potential enhancements to the CIT process, tools, reporting and analytics and provide suggestions on how to improve, add to, or streamline current practices in the firm.
• Mentor junior analysts/associate‑level testers; review their work for quality and compliance.
• Assist the team manager with tasks which may include assisting in testing reviews, preparing materials, organizing meetings, and taking minutes.
• Respond timely to internal or external requests for information and analysis.
• Assist with related Compliance monitoring activities as needed.
• Promote a compliance culture within the firm which supposes also to update knowledge on a regular basis.
• Conduct knowledge‑sharing sessions, workshops and on‑the‑job training
• Foster a culture of continuous improvement and proactive risk awareness
• Participate in piloting new technologies that increase testing efficiency and data coverage.
  
  

Technical & Behavioral Competencies

• Excellent IT and excel skills
• Excellent communication and project management skills
• Familiarity with Compliance Market Integrity, Client interest protection, Professional ethics topics to understand the reporting and testing needs of the team
• Team player with interpersonal and teamwork skills
• Self-confidence, ability to stand their ground when required
• Flexibility and adaptability to work on different topics
  
  

Specific Qualifications

• Bachelor's degree or higher from an accredited institution
• Compliance, Audit, risk Management experience or qualifications in finance.
  
  

Skills Referential (Required Knowledge, Skills And Abilities)

• Minimum 5 to 8 years’ experience working for a financial services firm and/or self-regulatory organization in a Compliance Monitoring/Testing, Internal Audit or regulatory related position.
• Working knowledge of capital markets and investment banking activities and regulatory requirements governing those activities.
• Strong analytical, organizational abilities, project management skills and attention to detail.
• Problem solving, critical thinking, investigative and root cause identification skills.
• Advanced computer skills including MS Excel (including macros), Word, and PowerPoint; Power BI is a plus.
• Excellent execution skills with the ability to work successfully under demanding deadlines.
• Team player with ability to work collaboratively across Compliance.
• Excellent interpersonal and communication skills with the ability to interact effectively with front and back-office staff, senior management, and the Americas regions.
• High ethical standards.
• Flexibility to adapt to a new and changing environment.
  
  

Technical Skills

• Basic knowledge on AI and python preferred
  
  

Behavioral Skills

• Ability to collaborate / Teamwork
• Attention to detail / rigor
• Decision Making
• Communication skills - oral & written
  
  

Education Level: Bachelor Degree or equivalent

Location: Mumbai

About BNP Paribas Group

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.