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

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 alert control clearance process and all related matters in accordance with policies and procedures, including without limitation
• review and analyze transaction alerts escalated by Level 2;
• conduct appropriate enhanced due diligence and ensure proper clearance of such transaction alerts in accordance with prevailing AML & sanctions regulations and policies; and
• Ensure proper escalation of transaction alerts to Country and/or Regional Compliance where appropriate.
• Provide advisory support on Level 3 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 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.

BNP Paribas