Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Business area
CIB UK Compliance is an independent function responsible for providing specialist advice and support to UK Senior Management, business lines and functions in adhering to internal controls and external rules and managing compliance risks.
The function typically acts as a second line of defence covering areas including; controls, assurance, monitoring, professional ethics, training and competence, whistleblowing, money laundering, market abuse, financial security and regulatory liaison.
UK Financial Security (“UKFS”) team has oversight responsibilities for; anti-money laundering (including PEPs and other high-risk clients), sanctions & embargoes and anti-bribery and corruption. The Head of UK Financial Security & UK Money Laundering Reporting Officer (MLRO) leads the team covering the following areas.
- Advisory
- AML Surveillance
- Anti-Bribery and Corruption
- Anti Facilitation of Tax Evasion
- Anti-Proliferation Financing
- Financial and Trade Sanctions
- Risk Assessment
- Investigation and intelligence
- Transversal financial security topics such as horizon scanning, training, policy.
The UKFS team performs a number of functions, which include:
- Supporting and assisting senior management with adherence to applicable laws and regulations, as well as operating to high standards of business and ethical integrity;
- Interpreting applicable laws, regulations and standards and advising BNP Paribas CIB London staff;
- Providing training where appropriate to staff on a number of relevant laws, regulations and standards;
- Monitoring and reporting on BNP Paribas CIB London and staff compliance with laws, regulations and standards (including where these may differ from between UK requirements versus EU laws and Group requirements.
Job Purpose
Support on all activities relating to the provision of sanctions expertise.
Support the governance and oversight framework for systems responsible for sanctions screening and filtering.
Key Responsibilities
- Support the Head of Financial Security Sanctions to ensure CIB UK has the systems and procedural infrastructure to comply with Group Sanctions Policy and UK legal and regulatory requirements.
- Serve as a subject matter expert and key contact providing guidance on the sanctions system configuration with in-depth knowledge of live transaction filtering and client name screening systems, to contribute to a robust sanctions compliance program.
- Develop and maintain relationships with key business and central technical team stakeholders.
- Deliver small-scale projects and act as key contributor for specific tasks on Sanctions & Embargoes systems in strategic and tactical projects.
- Identify opportunities to develop and improve the effectiveness of the sanctions infrastructure, governance and oversight framework.
- Provide technical Sanctions & Embargoes advice to local stakeholders and nearshored hubs including B2 Lisbon and UK Businesses in respect of Group Policy, CIB and local requirements
- Undertake essential team processes performed under Group and Local Sanctions Policies and procedures such as List Management, client screening and transaction screening alert processing, controls, circumvention, voluntary self-disclosure and management information
- Focus on providing analysis and interpreting results for to identify key risks and trends for the production of management information.
- Provide support to ensure the governance and oversight framework is sufficient to manage Sanctions & Embargoes filtering and screening systems.
- Assist with ensuring that local UKFS Sanctions Team procedures are up-to-date and effective
- Support on developing and providing Sanctions & Embargoes training to staff.
- Provide support/assistance to the wider UKFS and UK Compliance team on payment and financial Sanctions & Embargoes related topics.
- Attend and contribute to key industry sanctions panels.
- Ensure awareness of sanctions regulatory developments particularly those relating to UK Sanctions and consider how these may impact the UK Sanctions framework.
Requirements
- An understanding to an advanced level key Sanctions & Embargoes filtering and screening systems which are provided by Group which UK CIB relies on.
- Knowledge of payment types and systems (e.g SEPA, CHAPS, UK Faster payments) and SWIFT types (MT and MX) with an ability to read and understand SWIFT messages.
- Experience and understanding of new technology in financial services (e.g,, Payment Service Providers, blockchain, Cryptocurrencies etc) and their associated sanctions and financial crime risks.
- Excellent analytical skills with the ability to translate technical concepts and provide specialist guidance and advice to others.
- Professionally qualified Compliance professional with strong level of knowledge and experience in sanctions and embargoes controls and frameworks.
- Solid experience in and detailed knowledge of a Financial Crime sanctions environment and control framework advisory role in the financial services sector, ideally in a UK FCA regulated banking organisation
- Solid working knowledge of sanctions regulatory environment (e.g. UK, EU, US, UN, French etc) and an ability to translate these into policy and regulatory expectations.
- The knowledge and experience to identify key risks and be confident to ask questions during queries/alert investigations/reviews.
- Proven communication and relationship management skills.
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
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