Deputy Head KYC
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.
Integrated Supply Trading (IST) is our face to the traded markets for in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of our firm.
IST Finance operates in support of IST's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. IST Finance is an integral function within our global oil and gas trading and supply activities. It is accountable for short term planning and for all financial and middle office control and reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards. IST Finance operates around 3 Global processes: Accounting Reporting, Trade Completion and Product Control and operates seamlessly with the Risk function to support the business.
IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
Role synopsis
Assists and deputies for KYC Head /MLRO and on occasions act as the AOT Manager. The incumbent will also assist the KYC Head /MLRO in managing and coordinating the AOT activities across all Integrated Supply and Trading (IST) locations. S/he will act as a senior AML /KYC technical advisor and may be required to approve exceptions /escalations on AML /KYC issues. S/he will provide strategic inputs on designs and implementation of policies and objectives in line with the overall IST AML /KYC Standards and business growth strategies.
The KYC team is responsible for ensuring accurate, timely and effective on boarding of new trading counterparties and also ensuring that records of existing trading counterparties are accurately maintained and efficiently. The KYC team is a key part of the Global Account Opening function within our IST strategic business unit.
Key accountabilities:
• Maintain and develop an effective KYC/AML program and procedures for all IST businesses and locations as may be directed by the KYC Head
• Provide senior leadership to the AOT staff and take responsibility for raising standards and drive good practice
• Provide sound, accurate and commercially viable advice to the IST businesses on KYC/AML related issues
• Manage and monitor the execution of periodic KYC/AML testing, monitoring and surveillance
• Develop and deliver effective AML /KYC training to IST staff and businesses
• Lead and take ownership of delivery of AOT projects, including oversight of KYC/AML activities
• Maintain effective interaction and communication with key front office stakeholders.
Essential Education:
• Educated to degree level or equivalent.
Essential experience and job requirements:
- Reports to Head of KYC, will manage 2-3 KYC Managers (indirectly 18 in total including Analysts)
- Strong technical understanding of the UK and international KYC/AML rules and regulations including emerging countries.
- Significant experience of working in a senior position within the KYC/AML function, including MiFID products and managing staff, ideally within a financial services or commodities trading business. Exceptional interpersonal skills with the ability to build partnership with the business, compliance, legal and other control functions.
- Need exposure to dealing with external regulators such as FSA and SOCA as well as internal stakeholders
- Strong experience in dealing with and managing ambiguities.
- Highly articulate both in oral and written communication.
Desirable criteria qualifications:
- Membership of a technical or professional AML /KYC body will be an added advantage.
- Exceptional KYC/AML knowledge and experience and functional expertise in UK and global AML /KYC subjects. Strong analytical, process and project management skills with an eye for details. Ability to manage, design and implement effective KYC processes, systems and policies. Powerful people management and leadership skills.
- Exceptional interpersonal and communication skills. Ability to influence through effective communications and collaboration with colleagues and customers.
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