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Analyst Payments & Level 1 Sanctions Specialist

Last update 06.06.2024

Business Overview:

PCSNA Payment & Level 1 Sanctions team is responsible for all the processing of incoming and outgoing wire transfers in USD, and CAD funds and processing of FX activity in a variety of other currencies. The area provides a full array of Cash Management Services on an around-the-clock basis to the Bank’s customers. 

The Payment & Level 1 Sanctions specialist is responsible for delivering complete Funds Transfer Services with an emphasis on high quality, timeliness and accuracy to internal/external customers by incorporating experience and industry knowledge in the daily workflow. 

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

  • Results and Impact
    • Able to influence peers and team.
    • Demonstrates good judgement when making decisions of high complexity and impact.
    • Exercise appropriate autonomy in the execution and delivery of work.
    • Responsible for driving outcomes, which have meaningful effect on team or department.
  • Leadership and Collaboration:
    • Creates trust with colleagues.
    • Acts in leadership capacity for projects, processes, or programs.
  • Client, Customer and Stakeholder Focus:
    • Able to build relationships with a mix of colleagues and clients.
    • Interacts regularly with management and department leaders.
    • Demonstrates the ability to influence stakeholders at the team level.
  • Compliance Culture and Conduct:
    • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
    • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities:

  • Provide Payment Services and Level 1 Sanctions coverage during the opening shift (9PM- 6AM) and interact with clients that are operating during the designated hours.
  • Transaction processing in one or more of the company’s internal operations to support domestic and international customers for payment and check processing service functions.
  • Perform first level review of obvious false positive (payments/Swift and non-SWIFT messages) that are stopped in our various filtering systems.
  • Escalate questionable and exact matches to the level 2 team (SEE) for review
  • Ensure instructions are executable, properly authorized or signed, or authenticated where applicable.
  • Correction of transactions received via automated feeds with improper formatting and or items previously disapproved by verifiers.  
  • Awareness of daily work levels and achieves set standards and goals.
  • Identify and take prompt action on priority items.
  • Ensure adherence to all external regulatory and internal policy guidelines as dictated by the position
  • Perform other support operations functions as required.
  • Foreign exchange processing duties, which include, buying and selling foreign currency, entering, verifying wire transfer.
  • Verify figures with the Trading group for Funds Control to ensure both areas are starting with the same opening position.
  • Monitors and records all intra-day activity as received from the Traders, then compares position with  Payment Services to ensure Back Office has communicated all the necessary payment instructions
  • Must have the ability to identify and resolve intra-day position for funds control and reconciliation through various reports. 
  • Responsible for end of day proof and reconciliation.
  • Share in the rotational coverage of all functions within the area.
  • Provide database feedback.
  • Contributes directly to the Permanent Operational Control device: by applying the procedures, by carrying out the monitoring and by alerting his superiors to any malfunction.

Minimum Required Qualifications:

  • Work during the opening shift hours from 9PM – 6AM
  • Excellent communication skills
  • Strong interpersonal skills and good judgment
  • 1 to 3 years of experience in the field of banking operations
  • Degree from accredited college/university
  • Strong preference for previous banking experience with foreign exchange

·       Concern for quality, accuracy, and attention to detail.

·       Self-motivated, ability to multi-task and work well under pressure.

·       Customer service oriented

·       Organization skills

·       Team oriented.

·       The candidate must be PC literate with a strong working knowledge of Microsoft Office Suite, Outlook, Teams & Edge.

Preferred Qualifications:

  • Strong understanding of Funds Transfer operations as well as the rules and regulations, which govern it, (this will include both CHIPS, Fedwire LYNX) 
  • Knowledge of local clearing systems, SWIFT and the various formatting issues associated with them.
  • Industry Knowledge: Product knowledge of Wire Transfer, and high level understanding of Global Sanctions.  This should be complemented with an understanding of accounting as well as a keen understanding of regulations with respect to Funds Transfer, Checks, & ACH activity.
  • Knowledge of Payment applications: (Montran JGPS, EFSNX)

FINRA Registrations Required:

 

  • Not Applicable

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

  • Not Applicable

SEC Security-Based Swap Dealer Associated Person:

  • Not Applicable

The expected starting salary range for this position is between $65,000 to $70,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

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.

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Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

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