Job Description

Job Title:Senior Generalist Compliance Manager/Head of Regulatory DeskDate:May 2024Department:ComplianceLocation:BKC, MumbaiBusiness Line / Function:Territory ComplianceReports to:(Direct)Chief Compliance OfficerGrade:(if applicable)(Functional)Number of Direct Reports:Directorship / Registration:Is Associated Person (AP)*No*For GM, GB, ALMT, FIC, WM, Legal and RiskIn Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees1 and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.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.Position PurposeThe Head of the Regulatory Desk in Compliance supports the Territory Chief Compliance Officer on ensuring local regulatory requirements are met, including

• Partnership with Business & Compliance Domain Heads: Partner and collaborating closely with the Compliance Domain Heads to provide SME support on regulatory topics related to the respective domain, in order to support clients, business strategy and growth, whilst ensuring internal policies and regulatory requirements are fulfilled.
• Transformation & Industrialisation: Own and manage Regulatory responsibilities for the Bank, including related systems / utilities managing, deployment and monitoring, and actively look for opportunities to enhance/industralise the Compliance operational framework.
• Active Supervisory Engagement & Risk Management \xe2\x80\x93 plan and facilitate regular/periodic engagement with regulators by Compliance, CEO and relevant business heads (as needed) to ensure adherence to regulatory expectations and continue advocacy efforts to help protect the Bank/Group franchise from existing and emerging Compliance risks. Act as primary SPOC for all inspections and queries

ResponsibilitiesDirect Responsibilities

• Partnership with Business & Compliance Domain Heads:

• Assist with Regulatory Advisory to Business and Functions
• Provide transversal regulatory watch and monitoring of regulatory evolutions that have an impact of the business\xe2\x80\x99 or operations\xe2\x80\x99 activities within the Bank/Territory and follow the general principles (the \xe2\x80\x9cRegulatory Watch Best Practices\xe2\x80\x9d) of the regulatory watch process. These include but not limited to (i) identification (and update where needed) of appropriate regulatory watch sources; (ii) having a process in place for regular monitoring of such sources; (iii) communication on relevant regulatory watch developments to all necessary stakeholders.
• Local Compliance Regulatory Office acts as local text identification leaders (\xe2\x80\x9cLeader\xe2\x80\x9d) for Compliance and can be assisted by potential contributors (local or regional \xe2\x80\x93 such as Regional Compliance domains, who can contribute to high level impact assessment and determination of concerned operating entities).
• Partner and collaborate closely with the Compliance Domain Heads to provide SME support on regulatory topics and ensure relevant circulars/guidelines/advisories related to their respective domain are duly discussed and understood
• Regulatory/ Supervisory & Industry Engagement:

• Build strong working relationships at the relevant levels across regulators \xe2\x80\x93 RBI, SEBI, other Banking industrial bodies / quasi-regulators such as IBA, FEDAI, FIMMDA etc.,
• Maintain an annual calendar of regulatory meetings for Compliance to support advocacy and supervisory engagement efforts and ensure meetings duly logged and any action items followed-up on and closed.
• The Head of Regulatory Desk will also be required to attend meetings with Regulators, Quasi-regulators and Banking industrial bodies from time to time
• Connect with industry forums and other Banks\xe2\x80\x99 compliance officers to better understand industry trends, peer practice on management of existing Compliance risks and assessment of emerging risks.
• Regulatory & Internal Reporting:

• Ensure tracking, monitoring and validating where required, of submission of various returns / data to Regulators, including Tranche I, II and III under Risk Based Supervision of RBI.
• Provide guidance on, and manage timely reporting to HO / Region / Local (RBI/SEBI etc.), correspondence with Regulators / HO / Region \xe2\x80\x93 MIS / reporting to Regulators.
• Governance

• Operate APAC Territory Compliance Committees (\xe2\x80\x9cTCC\xe2\x80\x9d) or any other Cross function committee (such as Bank Compliance Committee, BCC) to cover key regulatory watch topics and to decide on appropriate measures to be taken (e.g. launch of regulatory projects) and to monitor their implementation.
• Conducting and participating in various statutorily required committee meetings, including coordinating MANCO as meeting secretary.
• Review of, and participation in TAC / NAC proposals
• Ensure adherence to AML / FS-related Group policies/ local regulations and execution of associated controls (if any) and to promptly escalate any resulting assessment to the relevant authority / central FS team for necessary action being control function 2LOD.

Contributing Responsibilities

• Act as a back-up to roles suggested and support in other areas of Compliance activities - as assigned by CCO
• Assist Head of Compliance in special assignments / projects

excluding partnershipsQualificationsTechnical & Behavioral Competencies

• High level knowledge of various regulatory guidelines under Banking Regulation Acts, RBI, FEMA & SEBI guidelines
• Experience on independent handling of regulatory/internal reports, dissemination of notifications
• Knowledge on AML & KYC related regulations and guidelines, Financial Security

Skills ReferentialBehavioural Skills:AdaptabilityCommunication skills - oral & writtenAbility to synthetize / simplifyAbility to deliver / Results drivenTransversal Skills:Analytical AbilityAbility to develop and leverage networksAbility to develop and adapt a processAbility to understand, explain and support changeAbility to manage / facilitate a meeting, seminar, committee, training\xe2\x80\xa6Education Level:Master Degree or equivalent (
4 years)Experience LevelAt least 12 years

BNP Paribas