About the job
- Group Bank Services is a department acting at the Group level which interacts mostly with Banking partners, more specifically Financial Intuitions
- Following the “Management of RMA keys – New Governance” project initiated by Group Compliance and Inspection Générale, an RMA Due diligence team was created in October 2016 and the scope of the team is worldwide
- The RMA Due Diligence team members’ main tasks are to efficiently on board financial institutions that are not clients of the BNP Paribas group within the framework of the Group KYC Procedure. The team is also responsible for the recertification process. The role requires having the necessary expertise to identify the financial institutions and to collect the right documentation as per the Operational procedures for screening purposes
- As of 2019, there are two teams, one located in Paris and another located in Lisbon. Each one have a dedicated portfolio defined by geographic area. The team in Paris is responsible for the coordination of the whole activity with the Lisbon team’s support
- The main goal of both teams is to contribute to protect BNPP against reputational risk, Anti-Money Laundering risk AML/CFT and Fraud risks. The teams must work closely with RMA regional teams and Senior Bank Officers. They must also work with Compliance to ensure that the activity is in line with internal policies and regulations
- Finally, all team members must work as “one team” to ensure an efficient on-boarding service to counterparties
Your Main Activities Are
Daily Implementation and Processes
- He or she has to perform all the tasks related to Due Diligence according to the risk level:
- Identify the counterparties based on the proof of existence
- Pre-screen the counterparties against sanction lists to identify any showstoppers
- Collect the related documentation and identify the items to screen
- Launch the screening of the counterparties and the related entities/individuals against sanction lists as well as background search tools
- Retrieve adverse information, and analyse them if any
- Present a decision to Compliance and other stakeholders if required
- Make the final decision regarding the acceptance of the counterparty from a Due Diligence perspective
Additional tasks / Continuous improvements
- The Due Diligence Officer has to:
- Proactively contribute to the continual improvement of the team
- Ensure data and documents are archived properly
- Ensure client files pass all quality and control reviews
- Escalate concerns / issues as needed
- Ensure that all new requests are logged accordingly
- Chasing outstanding requests
- Communicate within the onshore teams
- Abide by operational risk and control procedures and escalate incidents where necessary
- Contribute to other projects, as needed
Profile and Skills to Success
- Bachelor Degree in Finance / Legal and/or Economics
- At least 2 years of experience in Due Dilligence / Banking / Legal and/or Compliance
- Advanced level of English and Mandarin, both written and oral
- Knowledge in
- MS Office Pack
- Web Tools
- Decision Making
- Organisational Skills
- Ability to collaborate / teamwork
- Attention to detail / rigor
#LI-Hybrid
Why joining BNP Paribas?
· Leading banking institution
BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe’s banking history. It has a presence in 65 countries, with around 190 000 Employees – including more than 145 000 in Europe.
· Our presence in Portugal
Since 1985, BNP Paribas was one of the first foreign banks to operate in the country. Today, the Group has around 7.100 employees across several entities operating directly in the territory, offering a wide range of integrated financial solutions to support its clients and their businesses.
· International reach
Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions:
· Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines
· Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services.
· Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional client.
· Diversity and Inclusion commitment
BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.
· Commitment towards work/life balance
At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.
· Remote Working Conditions
At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.
To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal
* Please note that only applications submitted in English will be considered.
* In case you are selected for this role, further documentation will be requested to support your hiring process.