Assistant Manager - AML TM

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 specialised 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, corporates 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, colour, 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 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, Compliance Migrations Co-Ordination, Personal Account Dealing, MIS and Projects support. The team works closely with business partners in CIB and the wider group

Job Title:

Assistant Manager - AML TM

Date:

24 June 2024

Department:

ISPL Compliance Hub

Location:

Mumbai

Business Line / Function:

ISPL Compliance Hub – AML TM Project Support

Reports to:

(Direct)

Grade:

(if applicable)

Assistant Manager

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

We are looking for a permanent staff, based in Mumbai, India to support AML process leader (COO TOP) objectives and support AML TM monitoring & project initiatives for various compliance domains within BNP Paribas Group (i.e. Securities Service, CIB, Correspondent Banking, Wealth Management, etc.). The individual will also act as project coordinators between IT, Central, Regional & country compliance.

Other Responsibilities

Support in preparing, distributing KPI, reports, dashboards and process metrics

Responsibilities

Direct Responsibilities

· Support AML transaction monitoring fine tuning activities, review existing AML & TM Thresholds as assigned 

· propose enhancements/alterations/Scope extension after analysing the impact on true matches & SAR impact

o ensure proper documentation of activities performed along with analysis results (i,e. proposed new thresholds) and corresponding logic/ impact, if any

o Communicate results of threshold or model review and obtain Onshore & Local compliance validation

· Provide recommendation on methods as AML monitoring process, Back testing and Fine-Tuning methodologies (ATL/BTL & Percentile, etc.), Organization & Set up required.

· Contribute to various project initiatives to support AML Process leader (e.g. organizing meetings, project documentation and collaboration with stakeholders, etc. as per project requirements)

· Support AML Tool Model enhancement

o Resolving the data quality issue of alerts monitored in AML Tool;

o Changing the parameter to avoid false positive hits for the L1 users

· Contribute to preparation / distribution of dashboards (KPIs)

· Extend support to ongoing or new initiatives / studies to further improve AML monitoring framework. Also support in UAT, alert volume analysis, as assigined and end-user trainings on the AML system to compliance users

· Support the functional Specification process, including the review of the data analysis, mapping and translation routines documents 

· Always ensure regulatory adherence and compliance

Contributing Responsibilities

· Support local compliance on monthly alert monitoring activity performed on exceptional scenarios not covered via AML tool.

· Support review of AML data model, Detection scenario logic, and case manager configurations to ensure they follow set requirements, global/local standards

· Support the management of the global standards. Document local requirements and support the process of global standard extension as well as local exceptions management.

o Support documentation needs for requirements, test plans, standards, and any other need.

o Support the functional Specification process, including the review of the data analysis, mapping and translation routines documents and provide business input.

• Contribute to maintaining Process KPIs up-to-date and sharing KPIs with stakeholders on a timely manner

Technical & Behavioral Competencies

• Strong understanding of Anti-Money Laundering concepts and TM methodologies
• Ability to collaborate effectively with global stakeholders, end users and cross-functional teams
• Project management skills, Organizational and presentation skills, especially in AML TM domain is preferred
• Able to work independently on assigned projects with limited supervision by displaying excellent interpersonal, communication skills and is able to translate group objectives into measurable KPIs for team.
• Excellent communication skills in English
• Knowledge of data analysis tools (Excel, Macro, PowerBI, Dataiku, etc.) will be an added advantage.

Specific Qualifications (if required)

• Relevant Experience required: Associate: Minimum 5 yrrs 
• Prior experience of fine tuning AML models, TM threshold analysis, working with AML/Compliance teams in a global environment, exposure to Tools such as Actimize, NetReveal and Thetaray
• Evidence of Continuous learning and upgrading in AML/CTF domain, certifications like CAMS, ICA and similar will be highly valued (good to have)
• Experience handling tasks in a Financial Securities and/or compliance domain (good to have)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / TeamworkAttention to detail / rigorAbility to deliver / Results drivenCommunication skills - oral & written

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support changeAbility to anticipate business / strategic evolutionAbility to manage / facilitate a meeting, seminar, committee, training…Ability to understand, explain and support changeAbility to set up relevant performance indicators

Education Level:

   Bachelor Degree or equivalent

Experience Level

Minimum 5 years

Other/Specific Qualifications (if required)