KYC Officer
Intervening at the final stage of the KYC due diligence process and working in close coordination with all stakeholders part of the KYC process, the Senior KYC Officer’s (SKYCO) primary focus is to act as the first level of control in reviewing, advising and validating on KYC due diligence assessment of prospective and existing clients. The SKYCO is also the ultimate responsible for signing off on client KYC.
Main Responsibilities:
- Data control and KYC file review
- Support DDOs on preparation and documents Client Acceptance Committee (CAC) towards the final approval for the KYC file;
- Coordinates with KYC teams in other DDT locations in order to streamline the multisite KYC approval process for client on-boarding and recertification;
- Control and ensure the completeness of the conditions;
- Reviews, assess and escalates Sanctions and Politically Exposed Persons(PEPs) alerts generated by the internal monitoring systems;
- Receives, coordinates and monitors the remediation of findings from compliance and/or other control teams;
- Actively participates on the implementation of new policies and procedures;
- Elaborates reports (and KPIs) to be shared with other teams and management.
Position Requirements:
- Bachelor's Degree
- Fluency in English and Portuguese
- General knowledge on financial industry and products, including awareness of various types of corporate entities - hedge funds, asset managers, pension funds, limited, private and public companies, holding companies, trusts, etc.
- Ability to comprehend and parse and/or interpret complex organizational and corporate structures for ownership percentages, subsidiary breakdown or merger activity;
- Experience in a control function (having a control mind-set);
- Knowledge on AML/KYC operational processes;
- Knowledge on AML/KYC-related regulatory rules, including but not limited to BACEN rules, FATCA, US PATRIOT Act, Bank Secrecy Act, 3rd European Directive, OFAC and related AML regulation;
- Knowledge on financial security screening (sanctions, political exposed persons, negative news);
- Knowledge and experience on using database and vendors for KYC (such as Orbis, World-Check, Lexis/Nexis, Dow Jones, Avox, Serasa,Boa Vista, etc);
- Knowledge of OFAC (Office of Foreign Assets Control) screening requirements.
Why join BNP Paribas?
BNP Paribas is an international bank with leading positions in the European market. It is present in more than 60 countries and employs nearly 178,000 people. The Group occupies key positions in its three main areas of operation: Domestic Markets and International Financial Services (whose retail banking and financial services network is part of Retail Banking & Services), as well as Corporate & Institutional Banking, which offers services to corporate and institutional clients.
Our presence in Brazil
BNP Paribas has been officially operating in Brazil since 1996. Since 2010, when the Securities Services area began operating, the Brazilian unit has the largest number of business lines in Latin America, making it one of the Group's largest operations in emerging markets. Today, in Brazil, the Group is present with the areas of Corporate and Institutional Banking, Asset Management, Insurance (Cardif) and Fleet Management (Arval).
Currently, the BNP Paribas Group has around 1400 employees in the country. In Brazil, it is among the largest international investment banks in total assets (R$ 112.5 billion, Jun/23, Prudential Conglomerate, Central Bank), offering a diversity of products and multiple solutions to its clients.
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
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