As the leading European Union bank, and one of the world’s 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.

https://careers.apac.bnpparibas/

Award Obtained

BNPP has won Top employer Europe award in a 10th consecutive year.

What is this position about?

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 Specialist Compliance Officer - Regional AML Advisory & Transaction Monitoring Team (WM & CIB) will serve as a key member of the APAC FS AML/CTF Advisory L2 Hub team, ensuring adherence to regulatory mandates and internal protocols. The successful candidate will take on day-to-day leadership responsibilities, including overseeing case management, providing strategic guidance, and actively contributing to team initiatives. Additionally, in the absence of the Head of APAC FS AML/CTF Advisory L2 Hub, the successful candidate may act as a reliable back-up. This role offers a significant opportunity to leverage your expertise, develop your leadership skills, and make a valuable contribution to our collaborative and dynamic environment.

What would your typical day at BNPP Paribas look like?

The responsibilities of the Specialist Compliance Officer - Regional AML Advisory & Transaction Monitoring Level 2 Hub (WM & CIB):

Leadership and Oversight:

 ·       Conduct thorough reviews of cases analysed by team members, offering expert guidance on complex matters.

·       Proactively share feedback and insights with the team members, fostering a culture of continuous improvement.

·       Actively contribute to projects within the Hub scope of work, demonstrating strategic thinking and problem-solving skills.

·       Represent APAC FS AML Advisory L2 hub in governance bodies and regular meetings. 

·       Provide support/back-up on the cases assignation to L2 team members in a timely and equitable manner, ensuring optimal workload allocation.

·       Temporarily assume the responsibilities of the Head of APAC FS AML Advisory L2 hub, when absent.

·       Provide general support to the APAC Head of AML Advisory and the Head of APAC FS AML Advisory L2 hub.

Transaction Monitoring and Investigations:

·       Undertake investigations and assessments of Transaction Monitoring alerts escalated by Level-1 to the Level-2 Hub in APAC, adhering to group policies and regulatory requirements.

·       Identify and report/escalate any potential suspicious activity or material risk to the relevant local Level-3 or Head of Financial Security and KYC Compliance in APAC.

·       Escalate material risks with relevant information to the relevant local Head of Financial Security and KYC Compliance in APAC.

·       Identify and investigate potential suspicious activity and transaction escalated by (i) the Sanctions payment filtering team and (ii) External Triggers and UARs on behalf of the APAC territories included into the APAC Level-2 Hub and escalate any material risk with relevant information to the relevant local Head of Financial Security and KYC Compliance in APAC;

·       Preparation of suspicious transaction memo for cases with STR recommendation;

·       Ensure proper documentation and record-keeping of reviews and investigation cases, in accordance with Group and HO standards;

·       Act as main point of contact to other BNPP internal investigation teams to perform investigations for the APAC region on behalf of the APAC territories included into the APAC Level-2 Hub and inform appropriate personnel (e.g. local MLROs) where further investigation and report filings may be necessary;

·       Conduct review, analysis and provide an opinion supported with sound transaction due diligence analysis to local MLROs in APAC on third party payments.

Advisory Support:

·       Advise senior and regional management, Territory Compliance teams, business units and other functions on AML/CTF matters and payment‑transparency issues across APAC.

·       Prepare, coordinate and distribute required reports, updates and dashboards.

·       Identify systemic procedural weaknesses and training needs related to suspicious‑activity and transaction reporting.

·       Offer transactional advisory support to the Front Office.

Identification and Management of Compliance Risks 

·       Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies, and emerging trends. 

·       Collaborate with the local teams on the development of AML controls, processes, and procedures to ensure the operational/transactional risks within Wealth Management are effectively identified and mitigated. 

·       Identifying and managing ML/FT risks by ensuring timely escalation to Compliance Management for overdue alerts, alert backlogs and alerts identified with ML/FT risks and implementing monitoring measures where required.

·       Coordinate and conduct training related to AML monitoring.

Project Coordination and Support:

·       Assist with the management of AML/CTF (WM & CIB) tools in APAC territories, including deployment, decommissioning, and ongoing maintenance.

·       Fine-tune (WM & CIB) automated AML monitoring tools (NetReveal, Actimize, Quantexa, etc.) to optimize their effectiveness, by closely working with the TM framework team.

·       Coordinate and participate in ad hoc projects, risk assessments, and audit/regulatory inspections.

·       Participate in periodic scenario‑ and threshold‑review, including calibration and testing, in collaboration with IT and Head‑Office teams.

·       Support projects triggered by management requests, internal audit findings or regulatory inspections.

·       Ensure accuracy of all AML reporting (including TM statistics) and perform the above duties responsibly.

Key Interactions

·       Territory Chief Compliance Officers in the Region

·       APAC Heads of Compliance Business Lines & Domains

·       Local FS teams

·       Relationship Managers

·       Key members of other regional Hubs

Technical Competencies:

·       Academic and Professional Qualifications: Hold a university degree in a relevant field, complemented by appropriate professional qualifications.

·       Product Expertise: Possess a deep understanding of key corporate and investment banking products, including cash management, capital market, trade finance, global markets, correspondent banking and security services, and structured finance transactions.

·       Regulatory Knowledge: Exhibit an in-depth knowledge of the evolving international AML/CFT standards (FATF, EU directives) and key developments, as well as the primary AML laws and regulations in APAC, particularly in Hong Kong and Singapore.

·       Technical Proficiency: Leverage Power BI skills to create insightful infographics and conduct smart analyses of customer behavioral patterns and transaction trends.

·       Language Proficiency: Possess fluency in English language, any additional regional language proficiency is an advantage.

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

·       At least 10+ years’ experience in Compliance / AML areas with exposure to Transaction Monitoring and AML in an international banking organization(s).

·       Excellent working knowledge of APAC regulations as well as their practical application.

·       Senior professional with AML/TF related industry experience. This will entail sufficient experience and a good understanding of the AML/TF environment & the key challenges and developments faced by the business and the industry.

·       Good understanding in WM/PB business and products. Prior experience in other bank business line (i.e. CIB, Correspondent Banking, Global Markets) is a plus. 

·       Knowledge on CIB Products such as Cash Management, Trade, Securities, Correspondent Banking, etc.

·       Candidates with related AML Qualifications such as ICT diploma in AML and/or ACAMS will have added advantage