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Assistant Vice President - Assistant Compliance Officer – Advisory
BNP Paribas
New York, NY, United States
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BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group 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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
www.cib.bnpparibas.com
Business Overview:
The U.S. Financial Security Department has a key role to play in continually guiding and coordinating the AML Program for BNPP to keep pace with evolving industry practices and local regulations. Within the U.S. Financial Security Department, there are three main areas: KYC Compliance, FIU/BLRA/QA and the Transaction Monitoring/OFAC Team.
Responsibilities:
• Advise and support business lines, due diligence teams, and compliance management in matters pertaining to the customer due diligence process
• Review and respond to requests for waivers/exceptions and questions concerning the account opening process
• Performing Client Interventions in the due diligence process, including reviewing higher sensitive clients/risk attributes (e.g. PEPs, sanctions exposure, adverse information, sensitive product of jurisdictions)
• Identify and prepare matters requiring escalation: ask pertinent questions, provide a concise synopsis or relevant risks/mitigants and provide a recommendation to KYC compliance management and/or the Client Acceptance Committee (“CAC”)
• Point of escalation for time sensitive matters pertaining to client risk (e.g. deal exception requests, clearance under internal KYC/FS policies)
• Implement Group Compliance KYC and related policies, update local procedures as relevant and provide feedback on global policies based on US regulatory expectations and local best practices
• Analysis of client risk due to client activity in major sanctioned regions and countries and other high risk jurisdictions
• Provide KYC Compliance training tailored to the various business lines and support teams in furtherance of the KYC/AML training program
• Perform analysis and work on special projects; assist KYC Compliance management as needed
• Participate on behalf of Compliance in global harmonization initiatives and enhancement of global client due diligence processes
Minimum Required Qualifications:
• Bachelor’s degree from an accredited college/university in Accounting, Finance, Legal, Economics or related discipline
• 3 – 8 years of experience in a financial services industry or regulatory environment; prior Compliance experience preferred.
• Background in KYC/ OFAC / Sanctions/AML risk
• Prior KYC Compliance advisory experience preferred
• Computer skills including MS Office Suite particularly MS Excel
• Excellent written and oral presentation skills
• Possess a strong understanding of corporate governance and the AML/BSA/KYC regulatory environment
• Able to understand the importance of privileged and confidential information
• Adept at managing multiple projects as well as BAU and meet tight deadlines
• Ability to work under pressure
• Ability to identify risk as it pertains to corporate and institutional client base and determine if appropriate controls are in place
• Adept at recognizing when escalation is appropriate and conveying pertinent detail in a concise manner
Preferred Qualifications:
• CAMS Certification a plus.
• Master’s Degree or JD a plus.
• Knowledge of banking and capital markets products
• Strong prioritization skills and time management skills
• Strong excel skills, familiarity with SharePoint administration
• Project Management experience a plus
• Familiarity with EU AML Directives
• Sanctions experience a plus
• Familiarity across various client legal structures, including hedge funds, personal investment vehicles, corporate structures, financial institutions, etc.
FINRA Registration:
• Not Applicable
*Ability to arrive early and work late as needed. Early calls with EMEA/APAC are common and urgent time sensitive matters may come up at any time.
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
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