Position Purpose
The Compliance function is at the heart of BNP Paribas’ risk management. One of the pillars of the Group’s internal control setup, Compliance teams work both independently and in close partnership with the Business to adapt to the evolution of the Group’s activities and the requirements of the regulators. Compliance teams contribute to maintaining the reputation of BNP Paribas and the trust of our clients, thanks to their strong control of non-compliance risks, allowing everyone to work with confidence.
The APAC Financial Security Sanctions Advisory Compliance Officer is responsible for providing expert advisory support on Sanctions related matters to ensure compliance with international regulations across the region. The role involves participating in global initiatives and projects aimed at enhancing the bank sanctions compliance framework, providing in-depth analysis on Sanctions issue and delivering training to internal stakeholder.
Responsibilities
Advisory Support:
•Provide advisory support and coordination on Group sanctions-related policy consultation, feedback and implementation within APAC region.
•Provide advisory support to local Compliance teams, businesses and functions in the APAC region on all sanctions- related issues as well as in the analysis, interpretation and application of BNPP policies and procedures.
•Generally provide support to the APAC Head of Financial Security Sanctions Advisory and the APAC Regional Head of Financial Security.
Investigation and Analysis:
•Provide succinct analysis on sanctions-related issues and perform clearance of escalated sanctions alerts an transactions in a timely manner.
•Coordinate and review all sanctions-related escalations within APAC, liaising with Group Financial Security and Group Compliance as necessary.
•Provide coordination and keep track of major sanctions-related advisory / escalation cases with active follow-up.
Project Coordination and Support:
•Provide support relevant local Compliance teams in the APAC region in the establishment of appropriate sanctions-related controls, monitoring and procedure framework in line with Group and regulatory requirements.
•Participate in and provide sanctions advisory support on transactions to all business lines within the APAC region, including but not limited to DCM transactions, corporate finance transactions, structured finance transactions, trade finance, wealth management, global markets, corporate & investment banking activities.
•Participate in all relevant global Initiatives and projects relating to sanctions topics.
•Support APAC Financial Security training efforts as well as initiatives
•Contributes to ad-hoc projects, training of new or junior staff, governance meetings.
Regulatory Compliance:
•Be familiar with and keep updated on all financial security related topics (eg. sanctions, KYC, AML/CET) regulatory and internal policy development.
•Educate stakeholders on financial security related matters with a view to inculcate a strong Compliance culture and mindset in the fight against sanctions violations, money laundering and terrorist financing.
Behavioral Competencies:
•Interpersonal and Communication Skills: Demonstrate exceptional interpersonal and communication skills, fostering effective relationships and conveying complex information clearly and concisely.
•Analytical and Risk Management: Exhibit a robust analytical mindset and a strong understanding of risk management principles, enabling the identification and mitigation of potential risks.
•Critical Thinking and Strategic Decision-Making: Exercise critical thinking skills to make informed and strategic decisions based on sound judgment and a thorough evaluation of available information.
•Adaptability and Resilience: Thrive in a challenging and fast-paced environment, demonstrating agility and the ability to adapt to change while maintaining a goal-oriented mindset.
•Sanctions Awareness: Possess a keen understanding of sanctions circumvention red flags and stay abreast of the latest trends in this area.
Experience and Qualifications required
•University graduate with relevant professional qualifications
•Good knowledge of evolving International sanctions regimes and key developments.
•Reasonable product knowledge on corporate & investment banking activities including but not limited to debt capital markets, corporate finance and structured finance transactions.
•Strong interpersonal skills, teachable and collaborative approach to problem-solving with an ability to work in a fast-paced, rapidly changing environment.
•Possess an attention to detail with an investigative and questioning nature.
•Ability to work independently as well as being a strong supporting team player.
•Possess extensive research skills to aid in establishing and/or validating required information and documentation.
•Good organizational, technical and coordination skills with excellent (verbal and written) communication and analytical skills.