Due Diligence Analyst
As part of a comprehensive action plan for the prevention of money laundering and financing of terrorist activities ("AML"), the Due Diligence Analyst assesses client risk by completing the "Know Your Customer" form ("KYC"); this includes the sensitivity proposal based on the sensitivity analysis results, which are determined by an evaluation grid. The Analyst will be in direct contact with clients (internal and external) to obtain the documentation required by internal and external regulations. The Analyst will work closely with other due diligence officers in the BNP Paribas Group network.
The role is to perform Clients due diligence analysis and checks at the client Onboarding and recertification and to contribute the overall client’s assessment in terms of KYC.
The Analyst is also in charge of maintaining the department's database, as well as preparing reports and statistics for submission to executive management on a regular basis.
Main responsibilities:
• Understand the principles and be familiar with banking products.
• Aware of various types of trading entities - limited, private and public companies, holding companies, hedge funds, asset managers, special purpose vehicle’s, trust’s etc.
• Complete KYC forms for compliance purposes, including the following:
• Conduct research on legal entities in the Bank's systems as well as in official government records and other public websites;
• Conduct basic corporate financial research;
• Conduct research on the economic activities of legal entities using available internal documents, such as credit proposals, or on public websites (sector/industry type, products, services sold, localization of main suppliers, main clients and operation locations);
• Evaluate client sensitivity according to a predetermined grid and instructions;
• Communicate with others teams, as needed, to gather information on beneficial ownership or on any other missing documents.
• Notify the compliance/financial security department if a client's identity or documents appear fraudulent or suspicious.
• Monitor problematic situations.
• Verify the compliance monitoring process: have relationship managers and the business-line head sign and review the KYC form.
• Help with process implementation and verification and participate in procedure updates.
• Complete the form in compliance with the Bank's internal and external regulations within set timelines.
• Take part in different projects under the supervision of the Head of Due Diligence.
Position Requirements:
• Bachelor’s in administration, business, international relations, economics or related fields and expertise relevant to the main duties described above.
• Theoretical or general knowledge of banking products and legal documentation in the banking sector.
• Good understanding of legal business structures to determine a legal entity's final beneficiaries.
• Strong analytical skills, ability to gain an in depth understand of complex processes and systems;
• Strong interpersonal and communication skills as evidenced by the ability to work effectively with representatives of a diverse range of departments (locally and abroad);
• Ability to prioritize;
• Client-oriented yet with a control mindset;
• Quality and result-driven;
• Adaptable, able to multi-task across multiple and varying assignments;
• Ability to generate and convey clear and concise status updates to management and stakeholders;
• Strong Excel / Word /Access / Power Point presentation building skills (graphs, charts, design).
• Fluency in English and Portuguese are required and another language is a plus.
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 more than 190,000 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.
