Vice President – Benefits Administration

Business Overview:

The Vice President, Benefits Administration will work closely with the Director, Head of US Benefits to ensure BNPP has a holistic benefit program for our most important asset – our employees. Additionally, the individual is responsible for working with internal and external partners in the administration of our benefit programs to ensure plan compliance and effective employee engagement.

This role operates in a hybrid work environment and requires 3 days a week in the office.

Candidate Success Factors:

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

• 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:

This position will assist in the administration of the benefits (healthcare and retirement plans) for the US employee population. In addition, the Vice President – Benefits Administration will gather, evaluate and analyze a wide variety of data and information related to the BNP Paribas benefit programs to facilitate changes and support employees’ needs; and provide functional and technical support to ensure compliance with federal and state laws. This includes reporting and analytics, vendor management and assisting the Director – Head of US Benefits in the development and maintenance of the various benefit programs.

• Responsible for the day-to-day administration of the Benefit plans to ensure regulatory compliance and support employee engagement.
• Works closely with Director, Head of US Benefits, internal partners and external vendors to assist in development and delivery of participant education including written materials, webinars to facilitate open enrollment.
• Support benefit compliance activities (e.g., audits/5500s, nondiscrimination testing, ACA reporting with the IRS and applicable mandated states, plan documents, etc.).
• Liaise with internal stakeholders to complete the various benefit processes such as semi-monthly 401k reconciliation funding process, Outbound Expat monthly funding, and VDC plan distributions.

Responsibilities Cont’d:

• Resolve employee issues pertaining to group benefits programs, benefits enrollments, COBRA etc., by researching and partnering with vendors, payroll and HR managers.
• Lead annual enrollment activity including preparation, employee communications and testing.
• Perform all other benefit administration related duties.
• Works directly with vendors and internal stakeholders to ensure vendor partners are meeting all BNPP requirements including meeting service level agreements.

Minimum Required Qualifications:

• Bachelor’s degree, or equivalent experience

·         5+ years’ experience managing employee benefits, with in-depth knowledge of Health and Welfare programs, policies, and regulations.

·         5+ years’ experience working with brokers and carriers.

·         Knowledge of Retirement Benefits and applicable laws and regulations.

• Advanced Excel skills
• Excellent communication, interpersonal, organizational and project management skills.

Preferred Qualifications:

• While banking experience is not specifically required, candidates should have experience within a comparably regulated environment, which includes a high level of diligence in vendor management.
• Knowledge of BenefitFocus or a similar benefits administrator platform a plus.

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

Management Structure – Head of US Benefits

Functional Manager: Not Applicable

The expected starting salary range for this position is between $120,000 to $150,000 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.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.

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, 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.