Compliance Specialist
BNP Paribas is one of the best rated banks in the world, with a presence in more than 80 countries and more than 200,000 employees. BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering flexibility and commitment, backed by the strength of a leading universal bank.
BNP Paribas Securities Services has been rated as a top five global provider of securities services. Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. With a local presence across 34 countries and global coverage of over 100 markets, we offer a one-stop shop for all asset classes, both onshore and offshore and across the globe.
We are currently looking for a Compliance Specialist within Financial Crime to join our exciting Compliance Department. This department exists to provide advice, support and guidance on all regulatory matters as they apply to the business, the management team and employees of BPSS. This includes all matters pertaining to the FCA, PRA or other UK regulators as well as matters communicated by Metier compliance in respect of French laws and regulations.
The purpose of the role is to work with the business and peers within the compliance function to ensure that regulatory matters are managed in a professional manner by providing support, advice and the sharing of knowledge both to the business and to the wider compliance function within BPSS.
Key Responsibilities:
- Act as a focal point to the business with advice on Financial Crime compliance queries, risk assessment, controls implementation and monitoring of guidelines (e.g. KYC, AML, Fraud, Anti-bribery Corruption, Data Protection)
- Oversee investigations involving suspicions of fraud and misconduct by employees, management or third parties, as well as fraudulent financial reporting on the part of management
- Evaluate the general financial crime risks faced by BNP SS UK and the impact of those risks on the organization
- Supervise and oversee AML operations performed transversally ensuring timely and accurate processing of alerts generated (e.g. Actmise, Lynx and Vigilance systems) in line with expectations and policy (e.g. STR's).
- Support and contribute to a positive Financial Crime compliance culture (including AML and Fraud) throughout BNP Securities Services UK
- Ensure that operational policies and procedures adopt the requirements of BNP Securities Services Financial Crime policies
- Provide specialist support to BNP Securities Services Compliance team members and senior management on Financial Crime / Data Protection and advise regarding impacts on the business
- Prepare Financial Crime MI and the annual MLRO reports
- Ensure all 3rd party service provider contracts (e.g. Chennai) and SLAs are Financial Crime compliant and clearly state the obligations between BNP Securities Services UK and the contracted entity
- Actively participate with professional bodies and external agencies on Financial Crime topics and distribute information as required (e.g. IMA and BBA Fraud Warnings, HM Treasury Financial Sanctions Notices, SOCA Alerts) and initiate checking against relevant systems and databases
- Supervision of one Compliance Analyst
- Actively participate in internal and external meetings with clients and business leaders.
Experience:
Required:
- Detailed knowledge and understanding of the 3rd EU Money Laundering Directive
- Detailed knowledge, understanding and practical implementation of the JMLSG
- Knowledge of the UK Anti-Bribery Act
- Knowledge and understanding of the financial crime risks associated with the custody business, including treasury markets, funds/third party administration and corporate trust services.
- Experience within a financial crime role
Desirable:
- Provision of AML training
- Working knowledge of DPA
- Working experience of the Anti-bribery Corruption Act
- Previous experience in preparing financial crime MI and the Annual MLRO Report.
Leave a Reply
You must be logged in to post a comment.