BNP Paribas

Senior Compliance Officer, Wealth Management Product Suitability Compliance

BNP Paribas
Full Time
Lead (more than 10 years)
Bachelor
English

Job Description

Senior Compliance Officer, Wealth Management Product Suitability Compliance

Location: Hong Kong S.A.R.

BNP Paribas Overview

The BNP Paribas Group is a leader in banking and financial services, employing over 185,000 people across 75 countries and 5 continents.  BNP Paribas Corporate & Institutional Banking (CIB) is a leading European investment bank with global leadership in many of our businesses.  BNP Paribas CIB, with nearly 18,000 employees in over 50 countries, can offer you an exciting and truly global career.

At BNP Paribas CIB, 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 markets.

In Asia Pacific, BNP Paribas has been present in the region for over 150 years and have plans to grow our business from €2bl EUR to €3bl EUR by the end of 2016.  With over 8,000 employees in the region and presence in 14 markets, including our 3 main centres in Hong Kong, Singapore and Tokyo, BNP Paribas offers you the chance to grow with us in Asia Pacific.

Department Overview

In an ever changing world with a continually shifting regulatory landscape, Compliance supports the CIB and RB&S teams globally to deliver award winning products and services to their clients.  Compliance sits at the heart of BNP Paribas’ internal control framework and is independent from the CIB and RB&S businesses. 

In APAC, the Compliance function is being transformed in order to meet the requirements of a changing regulatory landscape in the Region and globally.  We are committed to learning and, through our APAC Campus in Singapore, provide dedicated Compliance training and seminars to ensure our people are kept up to date with changes in regulation and best practices.  With the function scheduled to almost double in size over the course of 2015, a career in Compliance at BNP Paribas offers you the opportunity to grow with us in Asia Pacific. 

If you are dedicated, and want to be on the cutting edge of the changing global financial services sector, a career in Compliance may be for you.

Overall Job Purpose

The role provides product/suitability compliance coverage of Wealth Management (“WM”) in Hong Kong, and will act as the regional business contact for Market Integrity for WM APAC.

Direct Responsbilities

1. Product/Suitability

• Monitor regulatory developments and update Management and staff on changes in regulations or issues which are sensitive to the regulator

• Provide support in drafting, maintaining and implementation of suitability policies and procedures in line with local regulatory and internal requirements 

• Identify and control compliance risks, including implementation of monitoring measures where required

• Develop and perform surveillance on suitability framework as part of second line of defence

• Assist with the review of new products and services as a core member of the new products approval process

• Review product and marketing materials to ensure compliance with regulations and internal requirements

• Provide training on compliance issues and promote compliance awareness and culture

• Assist in coordination of regulatory inspection and investigation pertaining to investment, product and suitability area

• Assist in preparing relevant compliance reports pertaining to Wealth Management for submission to Head Office and ensuring the accomplishment of the Department’s mission

2. Market Integrity

• Monitor regulatory development and to update Management and staff on changes in regulations or issues which are sensitive to regulator

• Support in drafting, maintaining and implementation of policies and procedures in line with local regulatory and internal requirements

• Identify and control compliance risks, including implement monitoring measures where required

• Perform surveillance on market integrity framework as part of second line of defence

• Provide training on compliance issues and promote compliance awareness and culture

• Assist in coordination of regulatory inspection and investigation that has relevance to market integrity topic

• Assist in preparing relevant compliance reports pertaining to Wealth Management for submission to Head Office and ensuring the accomplishment of the Department’s mission

3. Regional Business Contact for Market Integrity

• Liaise with the APAC Domain Head and Head Office WM Compliance to get update on Group development including policy and procedure changes, sensitive issues etc

• Coordinate with APAC WM policy and procedure changes, system implementation, good practises etc

• Monitor regulatory developments in APAC with a view of shaping standards

Qualifications

Competencies

• Knowledge of Investment Products

• Familiar with Hong Kong laws and regulations

• Ability to work well with people and under pressure

• A good knowledge of compliance framework

• Ability to manage well stakeholders relationships, especially with the Front Office

Special Qualification Required

• University graduate

• At least 15 years of compliance/control experience, with at least 5 years covering investment suitability.

• Wealth Management experience


Technical Skills

  • Compliance
  • Stakeholder Management
  • Training
  • Wealth Management