Director – U.s. Public And Regulatory Policy

Business Overview:

BNP Paribas’s effectiveness in building sound corporate governance, building strong relationships with key regulators and other government officials, managing successful regulatory exams, and building a reputable public identity in the regulatory sphere are crucial to the bank’s success in the United States. The Regulatory Strategy and Policy (RS&P) function oversees this scope and is comprised of three linked teams, Supervisory Relations, Public and Regulatory Policy (Policy) (based in New York City), and Government Affairs (based in Washington, DC). This role will report to the Head of U.S. Public and Regulatory Policy.

• Willing to have hire sit in either our New York office or Washington, DC office.

The Policy team executes the following responsibilities

Policy Development and Ownership:

• Leverages industry intelligence and internal expertise to track and prioritize issues of focus,
• Leads the development and coordination of the substance of BNP Paribas policy positions with the U.S. government and regulatory agencies
  • Coordinates the development and execution of strategic policy positions for the U.S. platform regarding the U.S. government, regulatory agencies, and other government officials;
  • Leverages industry intelligence and internal expertise to track and prioritize issues of focus,
  • Analyzes developments in the United States and international policy that could impact the U.S. and global platform and
    • develops early awareness on regulatory developments;
    • works across business lines, functions, and regions to socialize information and agree on internal policy positions for BNP Paribas advocacy strategy; and
    • produces impact assessments (both quantitative and qualitative) of new U.S. regulations on BNP Paribas across business lines, functions and regions.
    
    
• Develops early awareness on regulatory developments;
• Coordinates the development and execution of strategic policy positions for the U.S. platform regarding the U.S. government, regulatory agencies, and other government officials;
• Analyzes developments in the United States and international policy that could impact the U.S. and global platform and
  • develops early awareness on regulatory developments;
  • works across business lines, functions, and regions to socialize information and agree on internal policy positions for BNP Paribas advocacy strategy; and
  • produces impact assessments (both quantitative and qualitative) of new U.S. regulations on BNP Paribas across business lines, functions and regions.
  
  
• Works across business lines, functions, and regions to socialize information and agree on internal policy positions for BNP Paribas advocacy strategy; and
• Produces impact assessments (both quantitative and qualitative) of new U.S. regulations on BNP Paribas across business lines, functions and regions.

• Provides strategic communications and updates to senior management:
  • Drafts policy position papers, memos, speeches, operational/management committee slides/updates, and other preparatory materials for U.S. territory and Global management.
  
  
• Drafts policy position papers, memos, speeches, operational/management committee slides/updates, and other preparatory materials for U.S. territory and Global management.

• Coordinates with Government Affairs and Group Public Affairs:
  • Coordinates political and practical viability of policy positions based upon updated intelligence, industry positions, and broader insights, as well as consistency with Group policy positions.
  
  
• Coordinates political and practical viability of policy positions based upon updated intelligence, industry positions, and broader insights, as well as consistency with Group policy positions.

Policy Coordination and Execution:

• Comment Letters and Trade Association Policy Engagement:
  • Leads and directs BNP Paribas participation in, and contributions to, all trade association comment letters on proposed regulations and regulatory actions material to BNP Paribas;
  • Leads BNP Paribas comment letters on proposed regulations and regulatory actions;
  • Serves as the conduit for the positioning of, and contribution of BNP Paribas opinions and policy positions to, the important committees established by the key U.S. and International Trade Associations (Institute of International Bankers (IIB), the Securities Industry and Financial Markets Association (SIFMA), the Bank Policy Institute (BPI), the Futures Industry Association (FIA), the International Swaps and Derivatives Association (ISDA), the Organization for International Investment (OFII), the Regional Bank Group (RBG), the European Banking Federation (EBF), and the French Banking Federation (FBF) etc.), and supports BNP Paribas Board members at these associations.
  
  
• Leads BNP Paribas comment letters on proposed regulations and regulatory actions;
• Serves as the conduit for the positioning of, and contribution of BNP Paribas opinions and policy positions to, the important committees established by the key U.S. and International Trade Associations (Institute of International Bankers (IIB), the Securities Industry and Financial Markets Association (SIFMA), the Bank Policy Institute (BPI), the Futures Industry Association (FIA), the International Swaps and Derivatives Association (ISDA), the Organization for International Investment (OFII), the Regional Bank Group (RBG), the European Banking Federation (EBF), and the French Banking Federation (FBF) etc.), and supports BNP Paribas Board members at these associations.
• Leads and directs BNP Paribas participation in, and contributions to, all trade association comment letters on proposed regulations and regulatory actions material to BNP Paribas;

Business Overview Cont’d:

• Advocacy Meetings:
  • Partners with Government Affairs to develop engagement strategy with official sector.
  
  
• Partners with Government Affairs to develop engagement strategy with official sector.

• Prepare memos and talking points on policy positions for meetings with U.S. government officials, trade associations, non-governmental organizations, etc.;
• Briefing Materials:
  • Prepare memos and talking points on policy positions for meetings with U.S. government officials, trade associations, non-governmental organizations, etc.;
  • Supports work of Government Affairs by providing policy expertise and analysis;
  • Provides background commentary or on the record comments as requested, and helps craft press statements for management to advance BNP Paribas policy positions as necessary.
  
  
• Provides background commentary or on the record comments as requested, and helps craft press statements for management to advance BNP Paribas policy positions as necessary.
• Supports work of Government Affairs by providing policy expertise and analysis;

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Exercise appropriate autonomy in the execution and delivery of work.
• Group Public and Regulatory Policy and especially prudential affairs to assess potential extraterritorial impacts and carry out comparative works on EU vs US regulations; and
• Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
• Coordinating BNP Paribas positions and developing policy strategies on regulatory topics with Government Affairs, involving all relevant experts from business lines and functions within BNP Paribas;
• Conducting impact assessment and produce memos for senior management on new U.S. regulation in collaboration with relevant internal stakeholders. Act as the key source of expertise and insight in this regard;
• Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work.
  • Responsible for driving outcomes, which have meaningful effect on team or department.
  • Leadership and Collaboration:
    • Creates trust with colleagues.
    • Acts in leadership capacity for projects, processes, or programs.
  • Client, Customer and Stakeholder Focus:
    • Able to build relationships with a mix of colleagues and clients.
    • Interacts regularly with management and department leaders.
    • Demonstrates the ability to influence stakeholders at the team level.
  • Compliance Culture and Conduct:
    • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
    • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
    
    

  • Responsibilities:

    The role will focus on Public Policy and Strategic Regulatory Analysis, to include:

  • Coordinating BNP Paribas positions and developing policy strategies on regulatory topics with Government Affairs, involving all relevant experts from business lines and functions within BNP Paribas;
  • Developing strong partnerships with senior internal stakeholders from Finance, Global Markets, Coverage, Capital Planning , Finance, Compliance, Risk and Legal among others, so as to fully understand the impact of regulations on their business strategy and provide full intelligence to them of developments in this external eco system;
  • Developing strong partnerships with senior external stakeholders from Trade Associations;
  • Coordinating with the DC Government Affairs function to execute the bank’s Washington strategy;
  • Organizing surveillance and monitoring of proposals of new U.S. regulation applicable to BNP Paribas activities;
  • Conducting impact assessment and produce memos for senior management on new U.S. regulation in collaboration with relevant internal stakeholders. Act as the key source of expertise and insight in this regard;
  • Contribution to the roll out of regulatory projects; and
  • Maintaining relationships with global peers and head office personnel covering similar topics in other jurisdictions.
  • Providing regulatory policy insights to bank clients and prospective clients.
  
  

  • Responsibilities Cont’d:

    The scope of regulatory analysis and policy ownership covers prudential capital and liquidity requirements, environmental and social governance (ESG), digital assets, market rules and infrastructure, business conducts with clients and structural regulations of interest for BNP Paribas CIB. The hire will develop close partnerships and work in co-operation with:

  • Local and global business lines and functions (especially Global Markets, Legal, Compliance, Finance);
  • Group Public and Regulatory Policy and especially prudential affairs to assess potential extraterritorial impacts and carry out comparative works on EU vs US regulations; and

  • External trade associations and lobbying groups.

    
    
• Organizing surveillance and monitoring of proposals of new U.S. regulation applicable to BNP Paribas activities;
• Providing regulatory policy insights to bank clients and prospective clients.
• Local and global business lines and functions (especially Global Markets, Legal, Compliance, Finance);
• Demonstrates the ability to influence stakeholders at the team level.
• Responsible for driving outcomes, which have meaningful effect on team or department.
• Contribution to the roll out of regulatory projects; and
• Able to influence peers and team.
• Responsibilities Cont’d: The scope of regulatory analysis and policy ownership covers prudential capital and liquidity requirements, environmental and social governance (ESG), digital assets, market rules and infrastructure, business conducts with clients and structural regulations of interest for BNP Paribas CIB. The hire will develop close partnerships and work in co-operation with:
• Interacts regularly with management and department leaders.
• External trade associations and lobbying groups.
• Demonstrates good judgement when making decisions of high complexity and impact.
• Able to build relationships with a mix of colleagues and clients.
• Creates trust with colleagues.
• Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus:
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level.
• Developing strong partnerships with senior internal stakeholders from Finance, Global Markets, Coverage, Capital Planning , Finance, Compliance, Risk and Legal among others, so as to fully understand the impact of regulations on their business strategy and provide full intelligence to them of developments in this external eco system;
• Responsibilities: The role will focus on Public Policy and Strategic Regulatory Analysis, to include:
• Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
• Developing strong partnerships with senior external stakeholders from Trade Associations;
• Acts in leadership capacity for projects, processes, or programs.
• Maintaining relationships with global peers and head office personnel covering similar topics in other jurisdictions.
• Coordinating with the DC Government Affairs function to execute the bank’s Washington strategy;
• Compliance Culture and Conduct:
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
  
  

Minimum Required Qualifications:

• Strong Word, Excel and PowerPoint skills.
• Excellent verbal communication abilities and superb writing abilities;
• Strong leadership and coordination skills and team and consensus building; and
• 8 + years of professional experience, during which time, the candidate was able to acquire a good knowledge of banking;
• Strong experience in financial/business/legal analysis is required.
• Master or equivalent degree in Law, Finance, Public Policy, International Affairs, Economics, Accounting, Business Administration or other related field of study;

Preferred Qualifications:

• Existing industry (financial sector and / or DC eco-system (legislative or regulatory agency)) relationships would be an advantage; and
• Experience in one or more of the following regulatory areas –prudential regulation (i.e., capital, leverage, and liquidity), ESG, digital assets, market regulation (i.e., derivatives, securities), or cybersecurity, or from within a public policy and regulatory affairs role or gained from experience within an economics, capital planning, trading floor strategy, financial control, risk, government, legal or trade association environment.
• Prior public policy experience in the private sector, trade associations, or government, with demonstrable results in shaping outcomes would be a strong advantage; and

FINRA Registrations Required:

• Not Applicable

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

• Not Applicable

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable

The expected starting salary range for this position in New York is between $215,000 to $248,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

The bank employs nearly 6,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

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