Job Description

As the leading European Union bank, and one of the world\xe2\x80\x99s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

More information

Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year

Position Purpose

• Work as a team within the KYC unit to:

- Ensure timely review of new accounts
- Ensure zero or minimal past due recertification accounts at any point in time.

• Provide advisory to Business on AML/KYC as well as on-boarding related issues.
• Provide support to the larger compliance community, e.g. Monitoring and Surveillance / Suitability /FS Transversal team.
• To assist the Head of KYC to supervise and provide guidance to the team members.
• To conduct gap analysis of MAS & HKMA consultation papers, new regulations and/or synchronization/ alignment of local policies vis-\xc3\xa0-vis HO.
• To handle internal and external audits, monitor transaction irregularities and perform compliance testing to mid-office functions.
• To engage with and advise on issues and matters relating to AML/CFT from both the KYC and investment suitability perspectives such as VC assessment and client\xe2\x80\x99s investment risk profiling.

Responsibilities

Direct Responsibilities

• Reviewing client profiles during account opening and recertification phase to ensure conformity to internal and regulatory requirements on AML/CFT/CDD standards, producing client risk assessments, due diligence analysis and assigning an appropriate risk rating.
• Provide advisory support to the business with regard to resolving newly identified adverse media, link to sanction countries related issues, identifying potential Politically Exposed Persons etc.
• Assisting with the preparation, presentation of existing client relationship to a local control committee with the objective of obtaining business & compliance management approval to maintain the relationship with the client
• Review client\'s transactions for the period under review and flag out any suspicious transactions with regard to unknown 3rd parties; commercial nature etc.
• Perform risk assessment and make decisions with regards to unblocking of accounts
• Conducting investigations and filing suspicious transaction reports (STRs) as appropriate.
• Provide feedback to changes to internal KYC procedures.
• Keeping abreast of changes in the domestic regulatory requirements (MAS) and be aware of the different obligations from other jurisdictions such as HKMA and HO. If required, to conduct gap analysis.
• Provide training of internal new or revised policies and procedures and external new regulations to relevant stakeholders such as CLM team.
• Ensure the timeliness and accuracy of status reporting on new a/c onboarding and recertification tracking.
• Perform any other ad-hoc duties assigned by supervisor.
• To conduct 2LOD key control review assessment of Low Risk Account recertification as validated by the Account Management Team.

Contributing Responsibilities

• Provide support to Monitoring & Surveillance team from time to time and on projects pursuant to management requests or necessitated by events such as local & global internal audits and periodic inspections by the regulatory authorities.
• There will be opportunities to participate in a range of developmental projects, mainly focusing on procedures development, process improvement initiatives & enhancing existing control

Qualifications

Technical & Behavioral Competencies

• Positive working attitude and analytical skills and essential for this position.
• Ability to learn and adapt quickly.
• Good written and verbal communication skills.
• Good relationship management skills.

Specific Qualifications (if required)

• Candidate with min of 7 years of relevant working experiences, preferably in Wealth Management or Private Banking focusing on KYC/AML reviews as well as transaction monitoring.
• Ability to lead and mentor the team
• Degree qualified
• MS Excel; word & PowerPoint
• Microsoft Outlook
• Knowledge in the use of Factiva
• Interpersonal skill to work as team player
• Able to work independently with minimal supervision
• Able to work with different stakeholders to investigate alerts/exceptions and recommend improvements
• Organized and meticulous.

BNP Paribas