Head of Financial Security Anti-Money Laundering Surveillance - Director

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. In the UK the specific business lines are Global Markets, Global Banking, Security Services and Correspondent Banking.

The Compliance function typically acts as a Second Line of Defence to the Business Areas, who as First Line of Defence have ultimate responsibility for the business risks they run.  Compliance are responsible for the setting of Policy requirements (based on Group Policies but taking into account any local specificities), Policy guidance and advice, controls and assurance testing and monitoring, training and competence and regulatory liaison.

UK Financial Security (“UKFS”) is part of CIB UK Compliance and 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. Deputy MLROs report to the MLRO, each with responsibility for the following areas:

• Advisory services to Businesses.

• AML Surveillance – the framework for the monitoring of client activity and reporting of suspicions to UK authorities.

• Sanctions compliance: UK, US & EU in particular.

• Testing & Assurance.

• Risk Assessments.

A Head of Anti-Bribery and Corruption & Anti Facilitation of Tax Evasion also reports directly to the MLRO.

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 to staff on relevant laws, regulations and standards.

• Monitoring and reporting on BNP Paribas CIB London and staff compliance with laws, regulations and standards.

Job purpose 

Strategic leadership and day to day supervision of the AML Surveillance team, focussing primarily on the framework for the automated monitoring of client activity for the London Branch, strategy, tuning etc.

Close liaison and cooperation with Paris Head Office – CIB FS and Group Financial Security - on strategic AML topics and BAU activities relevant to London Branch;

Ensuring that, as far as possible, appropriate and effective AML surveillance is conducted across CIB UK in accordance with Group Policies and UK legal and regulatory requirements.  Providing expert advice in AML surveillance to UK Businesses. 

Key responsibilities

• Manage the team including oversight of workload and ensure the quality of AML surveillance activities.

• Providing expert strategic advice to First and Second Line Business/Compliance on emerging risks, legislation, technology etc. and tactical advice on day to day activities.

• Ensure a robust and effective AML surveillance framework and review programme is in place across CIB UK to support the financial security risk management framework.

• Oversee the regular review of, and improvements to monitoring systems and thresholds/parameters to ensure continued detection of unusual activity is as reliable.

• Provide strategic oversight of UK transaction monitoring developments.

• Provide thought leadership on possible improvements to both monitoring technology and other, non-IT elements of identifying unusual activity.

• Provide thought leadership on the use of non-rule based surveillance technologies e.g. artificial intelligence.

• Lead the collaboration with the business in the development of their AML Surveillance capabilities.

• Lead the oversight of manual transaction monitoring activities.

• Lead the oversight of near shored AML surveillance alert handling activities.

• Lead the collaboration with CIB & Group teams in the enhancement of transaction monitoring capabilities and systems.

• Oversee the configuration and optimal use of customer screening tools.

• Maintain continuous oversight of AML risks identified, with associated financial crime models.

Requirements

• Professional qualification and broad knowledge of the theories and practices across the Compliance function and their interaction with each other.

• Deep expertise in AML risk, surveillance and transaction monitoring.

• Expert knowledge of specific Compliance and/ or company-wide policies, procedures, regulations and legislation, particularly in relation to AML regimes.

• Proven experience working with AML transaction monitoring technology.

• Detailed working knowledge of professional services Compliance practices, including standards and protocols and able to apply and anticipate developments to the benefit of the BNPP organisation.

• Excellent people management skills and experience as a team leader. An ability to work with individuals to set individual objectives and manage performance to ensure their delivery.

• Good communication and relationship management skills and experience of managing senior stakeholder relationships across different countries.

• Good commercial skills and judgement.

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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