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Compliance & Control

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 legislation, Market Abuse, conflicts of interest and confidentiality of information.
• Oversight of 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.

The facts

•    Provides a fully integrated, high-quality internal control framework across CIB
•    Around 380 staff in 40 countries, predominantly in Europe, the US and Asia