BNP Paribas

BNP and Paribas merged in 2000 to create BNP Paribas. BNP Paribas offers a wide range of financial and advisory services to its clients including large corporates, public institutions and financial in ...

BNP and Paribas merged in 2000 to create BNP Paribas. BNP Paribas offers a wide range of financial and advisory services to its clients including large corporates, public institutions and financial institutions. BNP Paribas is a leading bank in Europe with an international reach. It has a presence in over 70 countries, with more than 180,000 employees, including more than 140,000 in Europe. The Group has three operating divisions: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, Corporate and Institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg). BNP Paribas enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
About BNP Paribas Corporate and Institutional Banking ():
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions framed in three business lines: Global Markets, Securities Services and Global Banking all offered to two client franchises: corporates and institutional, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide: it provides multi asset, post trade and asset servicing solutions for institutional participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.
About BNP Paribas Corporate and Institutional Banking in Mexico
BNP Paribas Corporate and Institutional Banking has had a representation office in Mexico since 1966. Since then BNP Paribas has played an important role in financing Mexico&#39;s development into the 21st century. BNP Paribas was one of the founders of Banco Nacional de Mexico (Banamex), one of Mexico&#39;s largest banks, at the end of the 19th century, and stayed as a minority shareholder until the nationalization of the banking system in 1982. BNP was first established in Mexico more than half a century ago also acting as an important shareholder in Banco del Atl&aacute;ntico until 1982
BNP Paribas Mexico is expanding and has started operating in 2021 a full-fledged Mexican bank to better serve its clients through local operations performing local and global markets activities. Operations out of BNP Paribas Mexico include in particular trading and market making activities on interest rate derivatives, forex (spot and forward), bonds, repos and reverse repos on MBonos, UDI and Bonos. The coverage activities focusing on Mexican corporate and institutional clients will remain and expand.
Mission Statement
The Conduct and Control Office (CCO) is a Function reporting to the Chief Operating Officer. CCO is composed of (i) regulatory change management and control; (ii) internal controllership and (iii) operational permanent control.
The Regulatory Change Management Department is responsible for delivering gap analysis to Project Managers re. regulatory adaptation projects (new regulatory initiatives, new products and, in general, all prudential and non-prudential regulations excluding tax and labor law, which Finance and Human Resources domains, respectively), with the objective of ensuring proper gap analysis and implementation of changes by all Missional Functions and Business Lines (both referred to as &ldquo;the Functions&rdquo;). The Regulatory Change Manager positions responsibilities are three-fold: (i) on one hand, he/she acts as Subject Matter Expert (SME) ensuring a strong linkage the &ldquo;Regulatory Watch Committee&rdquo;, in partnership with the Legal and Compliance Functions, ensuring that proper support is given to the Functions Heads (or their delegates) and delivering analyzed regulatory texts to allow project implementation (bridging &ldquo;the what&rdquo; to &ldquo;the how&rdquo;; allowing change management and simplifying the identification of impacts in processes, procedures and controls, (ii) secondly, he/she supports and advises the CCCO around the overall regulatory compliance, split of roles and responsibilities and the implementation of controls end to end to ensure all regulatory dimensions and obligations are properly allocated within the organization, in close collaboration and coordination with Transversal Permanent Operational Control; and (iii) acts as support to the 2LoD in the regulatory affairs and attention to regulatory examinations in strict observance of regulatory affairs Group Policy ensuring the most efficient approach (e.g. avoiding overlapping with other Functions).
This team is part of the wider CCCO Americas community and oversees regulatory risks for CIB Mexico, with a focus on Mexican regulations but also global regulations relevant to the business, in strict coordination with the US Regulatory Management Team. This includes:
· Advocacy & regulatory watch
o Contributing to the advocacy efforts, when required, in collaboration with Mexico Legal, Mexico Compliance and in collaboration with the regulatory teams in the Americas and Europe (for global impact projects).
o Sharing knowledge with the Functions
o Conducting impact analysis and communicating to internal stakeholders
· Regulatory Change Management : Ensuring that new regulations impacting CIB Mexico activities are properly understood and that the required changes to behaviors, systems or processes are implemented ahead of the regulatory timeline
· Business-as-Usual Governance: For regulations that are already effective, the team is in charge of the governance framework, including running senior committees, where CIB Senior Managers, Compliance officers and other relevant functions discuss any compliance risks, results of controls and industry regulatory matters.
· Regulatory Inquiries and Examinations Management:
· This team acts as coordination point within CIB Mexico for regulatory examinations and inquiries.
The Regulatory Change Manager is a member of the COO ExCo and actively contributes to Management Committees, including Outsourcing Management and Operating Committee and Regulatory Committees, including the RiskCo, as defined in the Terms of Reference of the committees cartography of CIB Mexico.
Responsibilities
Key responsibilities in relation with CIB Mexico (all CIB entities):
Strict compliance with the BNP Paribas Code of Conduct: Display an exemplary behaviour aligned with the Mission, Values and Rules of Conduct covering all 7 angles: customers&#39; interests, financial security, market integrity, professional ethics, respect for colleagues, group protection and involvement with society.
· Provide impact assessment (coordinated with RegWatch/Legal/Compliance, as needed)
· Communicate regulatory change from Mexican regulators to workstream leaders and transversal SMEs (Functions and Business Lines), with inputs from Legal/Compliance, equipping impacted business/functions with fitted/analized regulations. Communications may include other relevant stakeholders
· Provide formally documented assessment of impact to area impacted
· Ensure SMEs have information necessary to implement regulatory change
· Actively contribute to the Reg Watch Committee and ensure full review of regulations in scope
· Keep track of industry forums (AMB, AMIB, etc…) discussions by SMEs and RegWatch to ensure proper adaptation of regulatory initiatives
· Track updates/action items/points of escalation for each regulation, and distribute dashboard after each Reg Watch Committee meeting as minutes
Detailed Responsibilities:
Participate to regulatory watch process, for all prudential regulations.
· While the Legal Function is accountable for delivering the Regulatory Watch process, the Regulatory Change Manager works in partnership with the Mexico Legal and Compliance Functions; The US Regulatory Management Team and the wider Mexican Industry Forums (ABM, AMIB, etc…) to ensure areas that require advocacy are well identified.
· Provide regular briefs to the Functions and global Regulatory Forums
· Participate to Industry forums when relevant ensuring no overlap with Functions delegates occurs.
· The scope covered
Lead regulatory projects as a result of new regulations issued by regulators or implementation of new products whose regulatory analysis is to be implemented.
· Support the COO and the Project Managers/Change Partners in adaptating the operating and business model to new regulatory requirements by providing the necessary information to better understand impacts of new regulations and define implementation priorities. Similar analysis on the regulatory angle of new products.
· Validate interpretation of the rules with Legal and Compliance
· In coordination with the COO Office, structure regulatory project governance
· Partner with IT and Process Project Managers (Mexico COO Office, ITO Mexico, Drive, etc…) teams to design the required Front to Back process and IT re-engineering, when relevant.
· Contribute to maintain a central repository of documents relating to each major regulation in scope
· Act as a business partner, working closely with Functions (client owners, product owners, Public Affairs, Risk, Finance, ITO and all other Functions), acting as a key contact point
· Promote, when relevant, the standardization of practices across all CIB Mexico
· Participate in training and awareness of staff
· Ensure regular update to Management on key implementation risks
· Regularly contribute the &ldquo;Mexico Projects Implementation Forum&rdquo; and &ldquo;Mexico OpCo&rdquo; as defined in the &ldquo;Mexico Project Charter&rdquo;
This role is expected to have a focus on existing regulatory landscape and future changes pertaining the business activities of CIB Mexico, full scope, excluding Tax Law and Labor Law which are under the control and accountability of Finance and Human Resources, respectively.
Management of Regulatory BAU
· Organize BAU forums inviting staff on a &ldquo;Need-to-know basis&rdquo; to collect the results of relevant regulatory controls, internal audits, industry insights, regulatory guidance and provide CIB Management with a complete picture of ongoing improvements and risks associated with BNP Paribas&#39; Mexico compliance framework.
· Monitor all regulatory findings issued by agencies, relevant to the specific regulatory requirements the team is an expert of, and, in Coordination with T-OPC, Compliance and Legal, verify that the relevant ownership and remediation plan has been established-
· Answer questions from staff, if required.
· Act as advisors in the context of regulatory examinations when they related to Front Office compliance framework
· The position cannot represent BNP Paribas before external forums or clients, except for the regular interactions with and through the Industry Forums, without the express authorization of the COO and the COO.

Regulatory Change Manager

Tecnologías de la Información - Sistemas