Job Title: Associate

Department: India COE Compliance Hub

About Business line/Function: India CoE Compliance Hub enables safeguarding the Group’s reputation and mitigating the risks across all business lines by supporting the Compliance functions globally. Currently, the India CoE Hub is structured into divisions aligned with the areas they serve, offering services for Group Compliance COO TOP, trade surveillance, electronic communications monitoring, transversal risk management, personal account dealing, MIS, and project support. The team collaborates closely with business partners worldwide

Position Purpose: 

To contribute as a KYC Independent Testing officer for LoD2 by executing key controls to assess the risk.

Responsibilities

Direct Responsibilities

1. Perform KYC/AML/Sanction compliance control testing based on Group Compliance control plans.

2. Work with 1LoD conducting periodic reviews of existing customers, to confirm the information on file, reconfirm customers ownership structure, conduct PEP/negative news and sanctions check to ensure KYC completeness, accuracy and quality/readiness.

3. Work closely with Country Compliance to seek additional information or clarifications.    

4. Collaborate with Country/Regional Compliance covering KYC to help ensure consistency in interpretation and application of existing and new regulatory requirements.

5. Able to remediate KYC compliance issues (e.g. overdue/non-compliant files).

6. Co-ordinate for timely closure of action plans recommended in response to adverse audit observations and regulatory examinations.

7. Escalate issues and exceptions noted during control testing.

8. Ensure close collaboration with domain Leads within TRM team who are responsible for the definition of the control methodology and accountable for the adequate execution of the controls.

9. Communicate with local and regional compliance teams as required for the execution of controls and reporting of the results.

10. Track status of corrective action plans agreed with Country Compliance.

11. Assist in adhoc projects or activities as and as needed. 

Contributing Responsibilities

1. Comply with procedure and other relevant policies/ procedures of BNP Paribas group and regulations, and industry best practice.

2. Collaborate and work in tandem with team members and relevant stakeholders

3. Be supportive and adoptive to changes of procedures and scope of work. 

Technical & Behavioral Competencies

1. Sound KYC/ AML/Sanction experience for APAC/ EU jurisdictions.

2. At least 3 years of KYC/AML/Sanction Compliance experience. Prior work exposure in Audit team will be an added advantage.

3. Formal training or qualification in AML/Sanction/KYC would be beneficial.

4. Ability to work independently as well as within a team.

5. Good communication skills

6. An ability to write concisely and clearly; and to produce clear constructive advice under pressure and within short timeframes.

Specific Qualifications:

1. Bachelor's degree or higher from an accredited institution

2. Audit experience or qualifications in finance or accounting.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

• Analytical Ability
• Ability to develop and adapt a process 

Behavioral Skills: 

• Ability to collaborate / Teamwork
• Attention to detail 
• Decision making
• Communication skills - oral & written
• Education Level: Bachelor Degree or equivalent

Location: Mumbai

About BNP Paribas Group:

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, 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, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.