The facts

• Provides a fully integrated, high-quality internal control framework across CIB
• Around 300 staff in 32 countries, predominantly in Europe, the US and Asia

Introduction

The focus on compliance and control within the financial sector has never been greater. At BNP Paribas CIB Compliance & Control provides integrated, high-standard, internal control frameworks to protect the firm’s assets and reputation around the world.

This means an up-to-date appreciation of regulatory frameworks in all territories, and the development and implementation of a compliance and control culture with an emphasis on professional ethics – helping all our teams throughout the business to better understand and further mitigate our risk.

The function is divided into three main areas:

• Compliance – protects the bank against breaches of the law, codes and procedures, and ethics covering issues such as ‘Know Your Customer’, Anti-money laundering legislations, conflicts of interest and confidentiality of information.
• Operational Permanent Control – ensuring the consistency and effectiveness of our control frameworks to identify and mitigate operational risks across all our activities
• Business Continuity Management (BCM) – plans for activity interruptions caused by incidents such as fire, flood, power failure, loss of IT service and staff unavailability to minimize the financial, regulatory, contractual and reputational impacts.

In addition, Compliance & Control also leads major projects and initiatives to tackle specific governance issues and control themes such as our drive to reduce internal fraud risk.