We are looking for

Due Diligence Officer (6 months)

Apply REF: ITO001908

Position purpose

To perform the Due Diligence missions within the Client Management team in Australia.

  • Perform checks and controls from the stage of client onboarding to account closing to ensure compliance with local regulations and CIB global procedure
  • Contribution to other missions of the department

 

Scope

Missions

 

Due Diligence

 

  • Customer Due diligence file processing (KYC onboarding and recertification )
  • Customer account opening, amendment and closure

 

 

Key responsibilities

  1. KYC / Due Diligence
  • KYC Client on-boarding
  • Check if clients’ documents  are in place and correctly filled
  • KYC Checking: verification KYC forms completed and verification supporting documents against the checklist
  • Do background checks on client, directors, key managers, beneficial owners, authorised signatories and all related parties
  • Input data and upload clients’ documents in KYC internal system 
  • Check and control data quality
  • Handle the KYC workflow until final sign-off
  • Instruct Client Referential team to open client accounts in accounting and Back Office systems
  • KYC recertification (periodical task depending on customer sensitivity):
  • Check the clients list and select the client group needs to be reviewed
  • Initiate the KYC recertification process
  • Check if clients’ documents  are in place and correctly filled
  • KYC Checking: verification KYC forms completed and verification supporting documents against the checklist
  • Do background checks on client, directors, key managers, beneficial owners, authorised signatories and all related parties
  • Input data and upload clients’ documents in KYC internal system 
  • Check and control data quality
  • Handle the KYC workflow until final sign-off
  • KYC freeze, KYC restricted process and monitoring
  1. Client amendments
  • Verify the correctness of the amendment instruction (e.g. change of address, change of name )
  • Data update in all internal systems
  1. Client closing:
  • Monitoring of Internal Client Account utilisation and closure inclusive of signed-off proposals from the Relationship Managers
  • Receive the Senior Business Officer email instruction or client instruction to close the client
  • Follow the KYC termination and client closure process
  • Initiate client closure in all internal systems
  1. Due Diligence reporting:
  • Local and regional reporting of KYC activities
  1. Contribution to other missions of the department
  • Prepare monthly Presentation for Country Client Support Committee
  • Take minutes of the meeting
  1. General:
  • Bring Direct contribution to BNPP operational permanent control framework
  • Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
  • Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.
  • Comply with internal and external regulatory and compliance requirements
  • Comply with the BNPP standards of Code of Conduct
  • Comply with the BNPP IT Security policies
  • Anti‐Money Laundering / Financial Sanctions “AML/FS”) related duties: Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you are expected to ensure adherence to AML/FS‐related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision.

Competencies (technical / behavioural)

  • Motivation and prioritisation – the pressure of the job requires the incumbent to display a high degree of self-motivation and good prioritisation skills.
  • Quality- understanding that all aspects of the job require a quality outcome.
  • Attention to details/Accurate
  • Communication- being able to clearly convey information both internally and externally.
  • Responsiveness/flexibility/initiative
  • Team player.

Qualification & experience

  • KYC Due Diligence experience required in Banking
  • Knowledge of Corporate Banking products
  • Tertiary studies in the Banking / Finance Industry
  • Sound experience in a customer service environment
Primary Location: AU-NSW-SydneyJob Type: Fixed TermJob: PERMANENT CONTROLEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 3 years Reference: ITO001908