Financial Security Officer - London, United Kingdom - BNP Paribas

BNP Paribas
BNP Paribas
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description
FINANCIAL SECURITY OFFICER - ADVISORY - ASSOCIATE (


JOB NUMBER:
34761)


BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe.

The Group has key positions in its three main activities:

Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.



BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.


CIB UK Compliance is an independent function responsible for providing specialist advice and support to UK Senior Management, business lines and functions in adhering to internal controls and external rules and managing compliance risks.


The function typically acts as a second line of defence covering areas including: controls, assurance, monitoring, professional ethics, training and competence, whistleblowing, money laundering, market abuse, financial security and regulatory liaison.


The UK Financial Security ("UKFS") team has oversight responsibilities for; anti-money laundering (including PEPs and other high-risk clients), sanctions & embargoes and anti-bribery and corruption.

The Head of UK Financial Security & UK Money Laundering Reporting Officer (MLRO) leads the team.

Deputy MLROs report to the MLRO, each with responsibility for:


  • Advisory
  • AML Surveillance
  • Anti-Bribery and Corruption
  • Anti Facilitation of Tax Evasion
  • Sanctions
  • Testing & Assurance
  • Risk Assessment
The UKFS team performs a number of functions, which include:

  • Supporting and assisting senior management with adherence to applicable laws and regulations, as well as operating to high standards of business and ethical integrity;
  • Interpreting applicable laws, regulations and standards and advising BNP Paribas CIB London staff;
  • Providing training where appropriate to staff on a number of relevant laws, regulations and standards;
  • Monitoring and reporting on BNP Paribas CIB London and staff compliance with laws, regulations and standards.

Job Purpose:


  • Providing routine technical Financial Security Compliance advice across all UK CIB business areas on financial security risks, regulatory issues and industry change.
  • Assisting the business to comply with group policies and UK requirements with regards to antimoney laundering, fraud, bribery, financial sanctions, PEPs, high risk clients and broader financial crime issues

Key Responsibilities

  • Provide advice consistent with Group and UK policies/standards and legal and regulatory requirements, particularly in relation to antimoney laundering ('AML) and financial sanctions, antibribery and corruption.
  • Demonstrate competent AML analysis and articulate clear guidance to inform opinion on how best to identify and respond to financial crime risk, and provide formal reporting to the AML Committee and other fora.
  • Review Politically Exposed Persons and other higher risk referrals, to assess financial crime risks and assess appropriate level of risk and agree the appropriate level of risk.
  • Ensure all associated records are updated and maintained.
  • Review contract and deal specific documentation for financial crime risk and identify options to mitigate those risks in consultation with other specialists (e.g. more senior colleagues and Legal).
  • Act as a compliance contact for the business in relation to core knowledge areas.
  • Represent UKFS in Client Acceptance Committees, New Activity Committees and other internal forums related to higherrisk clients, products and risks.
  • Report any knowledge or suspicion of money laundering or terrorist financing using the bank's internal SAR escalation process.
  • Report any breaches of legislation or bank policy using the bank's breach reporting procedure and escalate issues.
  • Maintain uptodate awareness and understanding of UK requirements, particularly in relation to Anti-Money Laundering, Financial Sanctions and FCA Handbook (in relation to Financial Crime) and FCA Financial Crime Guidance.
  • Contribute to formal reporting to financial crime related committees and fora.
  • Support the development and delivery (where necessary) of financial crime training.

The Requirements

  • Experience of working in a financial crime environment (AML, financial sanctions or anti bribery systems and controls) in a UK regulated firm.
  • An understanding of UK, EU, US and other financial sanctions regimes
  • Knowledge of key principles of the current UK regulatory environment for financial crime and an understanding of future developments is desirable.
  • A strong personal focus on accuracy and attention to detail and able to prioritise workload based on changing business needs.
  • Good w
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