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Global Markets Business Controls Office (BCO), Paris - Managing Director

Paris, , France

Job Description:

The Global Markets Business Controls Office (BCO) is responsible for the creation, maintenance and oversight of a robust control infrastructure relating to non-financial risk including but not limited to compliance with regulatory rules and guidance as well as operational controls in partnership with the business Front Line Unit (FLU).

BCO is a global group with teams in many locations including New York, Charlotte, London, Paris, Hong Kong, Singapore and Tokyo providing control oversight to Sales, Trading, Electronic/Algorithmic and Research businesses across Global Markets in respect of regulatory and governance programs.

Position Description/Responsibilities:

BCO has created a new position, based in Paris, for a senior Business Controls Executive to join its global team, administering multiple aspects of Business Controls infrastructure and leading the Business Controls function across continental Europe.

The successful candidate will report directly to the Head of Global Markets Business Controls Office. The candidate undertake the day-to-day management of the Paris Business Controls team and will have a strong understanding of Sales and Trading businesses, associated regulatory rules and expectations and will have had experience in representing business controls to various financial markets regulatory bodies, including preparatory work for presentations and answering requests for information.

This individual will work closely with the lines of business, COOs and other support functions (e.g., Compliance, Ops Risk, Legal, Audit, Technology and Human Resources) and have responsibility for implementing, enhancing and overseeing the controls and processes that form the control framework. Their goal is to ensure the lines of business are in compliance with applicable rules, regulations and implementing industry best practices.

Profile/Skills:

Candidate must be able to thrive in a fast-paced and high-pressure environment with primary responsibilities being to:

  • Lead a local BCO function charged with maintaining global transparency and consistency (where appropriate) of roles, processes and accountabilities, and enhance associated documentation;
  • Interface directly with regional regulatory agencies (e.g. ECB, ACPR, AMF etc.) representing the bank and be accountable for ensuring regulatory concerns are appropriately and swiftly addressed;
  • Provide leadership for cross-LOB control/governance programs including Supervisory Matrixes and Audit Issue Governance;
  • Provide BCO input into Enterprise and Global Markets policies and procedures;
  • Manage the local BCO function on behalf of the FLU;
  • Represent Global Markets BCO at various committees, forums and meetings as required; and
  • Act as an escalation point to BCO and local FLU leadership for any items that require escalation, awareness or approval.

Experience required:

  • Extensive industry experience in Sales/Trading or supporting Sales/Trading in a Front Office Controls capacity, including experience at a supervisory/management level;
  • Bachelor's degree required;
  • Experience in managing and leading a Controls team;
  • Robust knowledge of the global regulatory landscape and key regulatory requirements for Sales and Trading;
  • Experience interacting with regulatory agencies in the across EMEA and US;
  • Ability to work collaboratively across multiple stakeholders and deliver results in a timely manner;
  • Self-starter with ability to multitask and manage competing priorities, managing effectively in a dynamic environment;
  • Excellent verbal and written communication skills with the ability to articulate complex concepts in a clear and concise manner;
  • Attention to detail and high standard for quality work product;
  • Commitment to provide timely and accurate guidance to FLU with strong ability to influence when needed;
  • Ability to think creatively to solve problems and anticipate potential questions or issues;
  • Effective time management and prioritization; strong multi-tasking abilities; and
  • Excellent judgment in handling sensitive and confidential information
  • FINRA series 7, 24 & 63 licenses preferred but not a pre-requisite

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

Job Band:

H3

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Global Markets Business Controls Office (BCO) is responsible for the creation, maintenance and oversight of a robust control infrastructure relating to non-financial risk including but not limited to compliance with regulatory rules and guidance as well as operational controls in partnership with the business Front Line Unit (FLU).

BCO is a global group with teams in many locations including New York, Charlotte, London, Paris, Hong Kong, Singapore and Tokyo providing control oversight to Sales, Trading, Electronic/Algorithmic and Research businesses across Global Markets in respect of regulatory and governance programs.

Position Description/Responsibilities:

BCO has created a new position, based in Paris, for a senior Business Controls Executive to join its global team, administering multiple aspects of Business Controls infrastructure and leading the Business Controls function across continental Europe.

The successful candidate will report directly to the Head of Global Markets Business Controls Office. The candidate undertake the day-to-day management of the Paris Business Controls team and will have a strong understanding of Sales and Trading businesses, associated regulatory rules and expectations and will have had experience in representing business controls to various financial markets regulatory bodies, including preparatory work for presentations and answering requests for information.

This individual will work closely with the lines of business, COOs and other support functions (e.g., Compliance, Ops Risk, Legal, Audit, Technology and Human Resources) and have responsibility for implementing, enhancing and overseeing the controls and processes that form the control framework. Their goal is to ensure the lines of business are in compliance with applicable rules, regulations and implementing industry best practices.

Profile/Skills:

Candidate must be able to thrive in a fast-paced and high-pressure environment with primary responsibilities being to:

  • Lead a local BCO function charged with maintaining global transparency and consistency (where appropriate) of roles, processes and accountabilities, and enhance associated documentation;
  • Interface directly with regional regulatory agencies (e.g. ECB, ACPR, AMF etc.) representing the bank and be accountable for ensuring regulatory concerns are appropriately and swiftly addressed;
  • Provide leadership for cross-LOB control/governance programs including Supervisory Matrixes and Audit Issue Governance;
  • Provide BCO input into Enterprise and Global Markets policies and procedures;
  • Manage the local BCO function on behalf of the FLU;
  • Represent Global Markets BCO at various committees, forums and meetings as required; and
  • Act as an escalation point to BCO and local FLU leadership for any items that require escalation, awareness or approval.

Experience required:

  • Extensive industry experience in Sales/Trading or supporting Sales/Trading in a Front Office Controls capacity, including experience at a supervisory/management level;
  • Bachelor's degree required;
  • Experience in managing and leading a Controls team;
  • Robust knowledge of the global regulatory landscape and key regulatory requirements for Sales and Trading;
  • Experience interacting with regulatory agencies in the across EMEA and US;
  • Ability to work collaboratively across multiple stakeholders and deliver results in a timely manner;
  • Self-starter with ability to multitask and manage competing priorities, managing effectively in a dynamic environment;
  • Excellent verbal and written communication skills with the ability to articulate complex concepts in a clear and concise manner;
  • Attention to detail and high standard for quality work product;
  • Commitment to provide timely and accurate guidance to FLU with strong ability to influence when needed;
  • Ability to think creatively to solve problems and anticipate potential questions or issues;
  • Effective time management and prioritization; strong multi-tasking abilities; and
  • Excellent judgment in handling sensitive and confidential information
  • FINRA series 7, 24 & 63 licenses preferred but not a pre-requisite

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

Learn more about this role

Full time

JR-21083256

Band: H3

Manages People:

Manager:

Talent Acquisition Contact:

Adam Broughton

Referral Bonus:

0

Street Address

Primary Location:
49-51 Rue La Boetie, Paris, 75008