Job Description

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.

• excluding partnerships

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

Position Purpose

Financial Security Compliance Officer Singapore is part of Financial Security team responsible for the prevention of money laundering, the fight against terrorist financing, for economic sanctions compliance.

Singapore Financial Security Compliance Officer, Sanctions is involved in the process to limit the exposure of the Bank to risks associated with violations of sanctions and to ensure the Bank must comply with applicable sanctions regulations.

Responsibilities

Direct Responsibilities

• Keep updated on OFAC sanctions programs, UNSC, EU and local sanctions measures and applications.
• Keep updated on developments on sanctions, embargoes and related Sanctions laws and regulations as well as group policies and procedures.
• Provide sanctions advisory to business lines and functions.
• Perform Level 3 SHINE alert control clearance process and all related matters in accordance with policies and procedures, including without limitation:

1. review and analyze transaction alerts escalated by Level 2;
2. conduct appropriate enhanced due diligence and ensure proper clearance of such transaction alerts in accordance with prevailing AML & sanctions regulations and policies; and
3. Ensure proper escalation of transaction alerts to Country and/or Regional Compliance where appropriate.
4. Provide advisory support on Level 3 SHINE framework and all related matters.

• Implement sanctions monitoring standards in line with Head office and Regional policies, procedures and guidelines.
• Coordinate and assist in the blacklists management process and dashboard reporting.
• Manage and coordinate all queries and matters related to SHINE alerts process.
• Coordinate and assist in the testing, implementation and maintenance of related sanctions tools and systems.

Contributing Responsibilities

• Ensure efficient framework for the identification and clearance of sanction alerts.
• Provide appropriate training to new joiners, businesses and functions to enhance sanctions risk awareness.
• Coordinate and participate in ad hoc projects, risk assessment and audit / regulatory inspections.
• Generally provide support into the Head of Financial Security/KYC, Singapore.

Qualifications

Technical & Behavioral Competencies

• Must have relevant AML & Sanctions Compliance experience.
• Good general knowledge of the international financial sanctions laws and regulations in an international financial institution or a regulatory body in Asia Pacific is preferred.
• Must have strong interpersonal skills, a flexible, collaborative and team-oriented approach to problem-solving and an ability to work in a fast-paced and rapidly changing environment.
• An ability to write concisely and clearly; and to produce clear constructive advice under pressure and within short timeframes.
• Must evidence an attention to detail and have an investigative and questioning nature.
• Ideally be flexible and have a hands-on in work style, with the ability to work independently to carry out projects.
• Ideally be familiar with navigating the operational tools which support Sanctions Compliance controls.
• Ability to maintain high quality in a risk intensive environment.
• A good team player.

Specific Qualifications (if required)

Relevant industry certification (e.g. ACAMS or ICA) preferred.