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.

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, corporate 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

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, color, 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.

About Business line/Function:

ISPL Compliance Hub as a department was established in November 2013 at ISPL in Mumbai, India with the hire of a department head. The ISPL team provides support on compliance administrative level tasks to BNPP compliance teams globally. The scope of work includes offshoring administrative and Level I support to functions such as:

ü  Training Support

ü  Capital Markets Surveillance

ü  Employee Personal Account Dealing

ü  Electronic Communications Surveillance

ü  Offshoring/Outsourcing Coordination 

ü  Projects & System Support 

ü  Sanction/KYC Support

ü  AML Post transaction monitoring Support

Job Title:

Compliance Officer

Date:

Department:

ISPL Compliance Hub

Location:

Mumbai

Business Line / Function:

Functions

Reports to:

(Direct)

Grade: 

(if applicable)

(Functional)

Manager

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

ISPL Compliance Hub is focused to protect the reputation of the Group and effectively manage risk across all business areas by providing support to various Compliance functions. At present the department is broadly organized into divisions which embed into the areas they support to provide services for Global Compliance Training, Capital Markets Surveillance, Electronic Communication Surveillance, Transversal Risk Management (TRM), Compliance Migrations Co-Ordination, Personal Account Dealing, MIS and Projects support. The team works closely with business partners in CIB and the wider group.  

Responsibilities

Direct Responsibilities

o   Perform KYC/AML/Sanction compliance control testing based on Group Compliance control plans on the following domains:

Financial Sanctions

Anti Money Laundering / CFT 

Market Integrity

Protection of Client Interests

Professional Ethics 

Fiscal laws and Banking Regulations

o   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.

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

o   Work closely with your Manager on regular updations of SOP & FAQ’s in agreement with the onshore.

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

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

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

o   Escalate issues and exceptions noted during control testing.

o   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.

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

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

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

Contributing Responsibilities

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

o   Collaborate and work in tandem with team members and relevant stakeholders

o   Be supportive and adoptive to changes of procedures and scope of work

Technical & Behavioral Competencies

o   Extensive KYC/ AML/Sanction experience and should be a subject matter expert (SME)

o   Sound understanding of KYC/ AML/Sanction guidelines for APAC/ EU jurisdictions.

o   Preferably, at least 7 years of KYC/AML/Sanction Compliance experience. Prior work exposure in Audit team will be an added advantage.

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

o   Able to move to and from different clients (and therefore different requirement scenarios), reports and projects throughout the day, which requires a high degree of flexibility and strong prioritization skills.

o   Must have strong interpersonal skills, a flexible, collaborative and team-oriented approach to problem-solving and an ability to work in a fast-paced, rapidly changing environment, and preferably with some experience of dealing in multiple countries in Asia Pacific.

o   Ability to work independently as well as within a team

o   Good communication skills

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

o   Proficient in Microsoft Excel and Powerpoint.

Specific Qualifications (if required)

o   Bachelor's degree or higher from an accredited institution

o   Audit experience or qualifications in finance or accounting.

o   Knowledge on Compliance domains like Market Integrity, Financial Security, Professional Ethics etc

o   ICA or ACAMS equivalent Certifications is preferred. 

Skills Referential

Behavioural Skills:

Ability to collaborate / Teamwork

Attention to detail / rigor

Decision Making

Communication skills - oral & written

Transversal Skills:

Analytical Ability

Ability to develop and adapt a process 

Ability to develop others & improve their skills

Ability to set up relevant performance indicators

Ability to develop and leverage networks

Education Level: 

 Bachelor Degree or equivalent

Experience Level

At least 7 years

Other/Specific Qualifications (if required)