Surveillance Oversight Compliance Officer

January 16, 2024

Surveillance Oversight Compliance Officer

ReferenceCOMP-011224-001-SOS

  • Standard / Permanent
  • CA-QC-Montréal
  • COMPLIANCE
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In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal’s Top Employers in 2023. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

The position at a glance

The Surveillance Oversight Compliance Officer will be responsible for performing a subject matter expert “re-performance” of controls over the CIB Surveillance framework.  The person works independently to evaluate the extent to which surveillance investigators have complied with applicable policies, procedures, standards and guidance materials issued by the Bank. 

  

In detail 

The main responsibilities related to this position are:

  • Conduct re-performance of surveillance controls by sampling, providing overall ratings and analytics.
  • Challenge surveillance teams with respect to the accuracy and quality of the work performed.
  • Provide evaluation feedback and a detailed analysis of action plans required to mitigate risk concerns. 
  • Ensure that action plans properly communicated to risk owner, documented and perform periodic follow-up of open action items to ensure proper resolution, and validate closure.
  • Prepare and distribute written reports to senior management detailing risk concerns and re-performance action items.  
  • Identify Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) and manage the collection and distribution of metrics related to the same.
  • Escalate potential issues and risk concerns noted during the re-performance of controls to Surveillance Oversight Management for discussion and further investigation if deemed necessary
  • Identify and provide suggestions to enhance surveillance control framework and/or re-performance of controls methodology.
  • Assist QA Manager in developing and implementing process improvements.
  • Conduct or assist with special investigations and projects as deemed necessary by senior Compliance Management.
  • Respond timely to internal or external requests for information and analysis.
  • Achieve objectives within tight time constraints while balancing competing priorities.

The strengths and skills that will help you succeed

 Minimum Required Qualifications:

  • Bachelor’s Degree, preferably in Finance or Economics, required. 
  • A minimum of five – seven years of experience with a financial services firm and/or self-regulatory organization in a compliance or regulatory related position.
  • Understanding of market abuse and market manipulation risks related to trading and sales activity.
  • Prior trade surveillance experience.
  • Strong Organizational and Record Keeping Skills
  • Exposure to trading desks, capital markets and the securities industry.
  • Knowledge of U.S. securities, commodities, and banking regulations.
  • Attention to detail and the ability to manage multiple undertakings at the same time.
  • Prior experience working with Market Abuse Surveillance platforms such as Actimize, SMARTS and Analytics tools such as Microsoft Power BI.
  • Strong analytical ability.
  • Ability to manage projects and to develop and adapt processes
  • Knowledge in English is required

Preferred Qualifications:

  • Master’s Degree a plus.
  • Prior quality assurance experience.
  • Prior trading background and/or trade flow experience a plus.
  • Product knowledge (Fixed Income, Equities/Derivatives, Commodities, etc.).
  • Prior experience in writing and reviewing procedures.
  • Ability to influence, Critical thinking, Adaptability, Active listening, Strong organizational skills.
  • Securities licenses and other related professional certifications a plus.

  

What’s in it for you

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements, such as remote working up to 50% and flexible working hours are available for most positions. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

To find out more about our range of benefits, click here

What you need to know

  • We will review candidates as they apply, so don’t wait to submit your application; 
  • If you are selected to participate in the recruitment process, please inform Human Resources of any accommodations you may require. BNP Paribas will work with you to ensure that you are able to participate fully in the process;
  • You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position; 
  • Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. These will be clearly mentioned in the qualifications of the position;

Diversity, Equity and Inclusion (DE&I) at the heart of our commitments

At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

To learn more about our DE&I commitments, click here

About us

BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 65 countries, with more than 190,000 employees, the bank holds key positions in several areas of banking and financial services.

BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.

Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.

With over 1,200 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.

Our certifications and partnerships

  • Montreal Top Employer 2023
  • Canada’s Best Diversity Employer 2023
  • Women in Governance  – Parity certified –  Gold certification
  • CCDI Consulting Inc. (Canadian Center for Diversity and Inclusion)
  • Pride at Work Canada
  • Rainbow Accreditation issued by Canada’s LGBT+ Chamber of Commerce (CGLCC)
  • ROSEPH – Grouping of specialized organizations for the employment of persons with disabilities
  • IndigenousWorks
  • Part of Les Affaires top 300 companies in Quebec

Do you want to discover other BNP Paribas offers in Canada?

Click here: BNP Paribas in Canada Our job offers

** Only selected applications that meet the requirements of the role will be contacted **

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