Due diligence Officer
In a changing world, unprecedented challenges
require unmatched talent. Join one of Montreal's Top Employers in 2024. We are
a dynamic and growing organization having its main establishment located in
downtown Montreal and part of a leading international banking institution fully
committed to building a more sustainable future. Note that the position may be
in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in
Montreal.
The position at a glance
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) in order 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 CIB 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.
In
detail
- Understand the principles and be
familiar with CIB 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, such as Business Week
(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 clients, 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.
- Manage and follow-up on reports required
by financial intelligence units in Canada and Paris within the set
timelines.
- Take part in different projects under
the supervision of the Head of Due Diligence.
The strengths and skills that will help you succeed
- Bachelor’s in administration or business
and expertise relevant to the main duties described above.
- 1-2
years' experience.
- Theoretical or general knowledge of
banking products and legal documentation in the banking sector.
- Knowledge of banking sector compliance
rules.
- Good understanding of legal business
structures to determine a legal entity's final beneficiaries.
- Good knowledge of IT tools and software.
- Rigorous
work performance.
- Good judgement and analytical skills and
takes initiative.
- Excellent communication skills, both
verbal and written.
- Ability to manage stress and prioritize.
- Ability to work in a team.
- Customer
service skills.Given the vast majority of
our clients, both internal and external, are based outside of Quebec and
Canada, specific language requirements may apply. Knowledge of the English is
required
What’s in it for you
In addition to competitive compensation, we hybrid
work arrangements, such as remote working and flexible working hours are
available for most positions. BNP Paribas provides opportunities for career
development within the company and internationally.
What you need to know
- We will review candidates as they apply, so
don’t wait to submit your application;
- BNP Paribas is committed to accessibility and
inclusion. If you need any accommodation during the recruitment process,
you can contact accessibility [at] us.bnpparibas (dot) com
- You must be legally eligible to work in the
Greater Montreal area and, if applicable, hold a valid work or study
permit. Physical presence in BNP Paribas’ office(s) is an essential
function of this position;
- Given the vast majority of our clients, both
internal and external, are based outside of Quebec and Canada, specific
language requirements may apply. These will be clearly mentioned in the
qualifications of the position;
Diversity, Equity and Inclusion (DE&I) at the
heart of our commitments
At BNP Paribas all employees are on an equal
footing allowing us to create a work environment that values and respects
people for their talents, skills and competences.
BNP Paribas recruits, employs, trains, compensates
and promotes regardless of race, religion, colour, national origin, sex,
disability, age, and other protected status (Employment Equity Act and Canadian
Human Right Act).
To learn more about our DE&I commitments, click here
About us
BNP Paribas is the top bank in the European
Union and a major international banking establishment. Present in 63 countries,
with more than 180,000 employees, the bank holds key positions in several areas
of banking and financial services.
BNP Paribas’ mission is to contribute to a
responsible and sustainable economy by financing and advising its clients
according to the highest ethical standards, while striving to respond to
essential concerns in terms of the environment, regional development and social
inclusion.
Since 1961, BNP Paribas has supported large
Canadian companies and institutions in their business development by offering a
full range of specialized financial services and investment products.
With over 1,400 employees, BNP Paribas in Canada
continues to attract experts from diverse fields as well as ambitious young
talent from around the world. We are proud to offer our employees a rewarding
and international workplace where they can build their professional careers by
honing their skills, meeting challenges and enriching their knowledge of the
financial industry.
Our certifications and partnerships
- Montreal Top Employer 2024
- Canada’s Best Diversity Employer 2024
- Women in Governance – Parity
certified - Gold certification
- Pride at Work Canada
- Rainbow Accreditation issued by Canada’s LGBT+
Chamber of Commerce (CGLCC)
- IndigenousWorks
- Part of Les Affaires top 300 companies in
Quebec
- Synclusiv
- Ready, Willing and Able
- Autisme sans Limites
Do you want to discover other BNP Paribas offers in
Canada?
Click here: BNP Paribas in Canada
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