As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
•BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
•BNP Paribas MixCity which fosters better representation of women at all levels of the organization
•Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
•BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year.
Position Purpose:
•Member of the KYC Compliance team.
•Enforce Wealth Management Compliance policies and procedures.
•Provide advisory to Business and Functions on KYC/AML related issues.
Key Responsibilities:
•To diligently carry out the account recertification and account opening process and ensure accounts are compliant, especially on issues of money laundering, adverse media, sanctions, via the due diligence review and transaction monitoring processes; and to flag out and alert managers as and when suspicious activities are found.
•To work independently on assigned tasks with minimal supervision.
•To identify issues during the review process and communicate effectively to Front Office in an efficient manner.
•To assist and actively take part in the Client Acceptance Committee by performing compliance risk analysis, providing mitigating solutions and presenting to the committee members for deliberation.
•To proactively identify potential gaps in our current processes/policies against regulatory requirements, and bring up to management immediate attention.
•To keep abreast of new regulations and to update management and colleagues on impact of changes.
•To recommend ways to improve efficiency on the current review process.
•To lead ad hoc projects, in particular, projects related to procedures development, process improvements, and control & system enhancements.
•To prepare training materials and provide live trainings to Front Office on KYC-related matters, and promote compliance awareness and culture.
•To investigate, analyze, prepare memo, and ensure required protocol is followed through for STR-related cases.
•To assist with review and comment on proposed new policies.
•To assist with internal audits, regulatory inspection and investigation.
•To work with Home Office Compliance on derogations and other policies-related matters.
•To identify and control compliance risks, implementing monitoring measures where required.
•To assist in preparing relevant compliance reports pertaining to Wealth Management for submission to Head Office and ensuring accomplishment of the Department’s mission.
Competencies (Technical / Behavioural):
•Familiar with Hong Kong laws and regulations.
•A team player and work well with people .
•Able to work independently, perform under pressure with tight deadlines and multi-tasks.
•A good knowledge of compliance framework.
•Have strong written and communication skills.
•Strong presentation skill.
Specific Qualifications Required
•University graduate.
• Minimum 3-5 years of related KYC Compliance experience in Wealth Management/Private Bank.
•Fluent in Cantonese, English and Mandarin.
•Be able to read Chinese.
