The bank for a changing world

Vice President – Sanctions Advisory Specialist

Contract

Standard / Permanent

Location

US-NY-New York

Job function

COMPLIANCE AND PERMANENT CONTROL

Reference

GRO000081

Business overview:
The Management of the BNP Paribas has committed to ensure compliance with AML / Embargo & Sanctions rules within the entire Group. In this context, Group Compliance has decided to have a strong and permanent set-up within the US: Group Financial Security U.S. (“GFS U.S.”).
The objectives of this unit include:
  • Having the responsibility for the BNP Paribas Group framework in relation to Compliance with US Sanctions;
  • Ensuring a legal watch in relation to US Sanctions in liaison with Legal Affairs
  • Issuing norms, policies and procedures in relation to Sanctions and applicable across the BNP Paribas Group
  • Providing advice on situations linked to US Sanctions across the Group
  • Acting as the ultimate level of management of the US Sanctions – related alerts,
  • Acting as the sponsor of tools used to filter flows against embargo / sanctions lists
  • Risk assessing the Group’s branches & affiliates regarding non-compliance issues through a permanent risk oversight
  • Performing on-site controls within BNP Paribas Group to verify that BNP Paribas entities comply with norms issued by GFS-NY.
Responsibilities of the Sanctions Advisory team:
  • Providing opinions, as the ultimate level within BNPP Group, in relation to US Sanctions on business initiatives, development of existing business or transactions
  • Manage and maintain required documentation to satisfy the audit trail requirements
  • Provide advisory on the updating of Norms in relation to Sanctions
  • Contribute to the formalization of post-mortem as necessary in relation to US Sanctions matters in order to improve the underlying processes
  • Responsible for sending advisory notices to the BNPP Group after changes in U.S. sanctions regulations
  • Partner closely with business and Compliance counterparts to understand issues, to process accordingly and provide opinions towards resolution
Position overview:
  • Perform analysis of existing (and prospective) counterparties and their beneficial owners, including enhanced due diligence, regarding sanctions related risks
  • Synthesize findings and report cases/files to senior management, partners and committee members for effective assessment of viability and risks.  
  • Comprehend and parse and/or interpret complex organizational and corporate structures for ownership percentage, subsidiary breakdown or merger activity
  • Interact daily with Senior Management, Legal, and Pole & Territory Compliance on counterparty risks and matters requiring escalation
  • Keep abreast of U.S. sanctions regulations, enforcement actions and penalties.
  • Maintain close working knowledge of assigned cases/files and advise supervisors of their progress and any matters of concern.
  • Follow-up with appropriate party for missing or outstanding documents or information whenever necessary until closure of the case.
  • Research of SDN affiliated entities
  • Interact with other units of GFS U.S. (including Risk & Oversight, On-site Controls, Alerts Investigations, and Norms & Procedures), GFS Paris, and BNPP U.S. Financial Security
The Sanctions Advisory Specialist will report to the Deputy Head of Sanctions Advisory. This is an exciting opportunity for the right candidate to join a Group-wide function in a highly visible position. The Sanctions Advisory Specialist contributes to the Responsibilities of the Sanctions Advisory unit.

  • Undergraduate degree, finance or business related majors 
  • 5 - 10 years of experience in Compliance and/or a banking environment
  • Strong investigation and research skills, and experience with the Internet and on-line research systems
  • Detailed knowledge of U.S. sanctions, OFAC and AML regulations including the USA PATRIOT Act, and Bank Secrecy Act
  • Knowledge of payment messages
  • Knowledge of KYC documents
  • Working knowledge of institutional and retail banking products & services
  • Use of utmost discretion when handling sensitive and confidential material
  • Flexibility to adapt to a new and changing environment
  • Strong analytical skills, organization and attention to detail
  • Ability to:
  • Manage multiple investigations and inquiries at the same time and meet timely deadlines
  • Work well with others in a fast paced environment
  • Knowledge of BNP Paribas Group activities and organization a plus
  • French language skills a plus
FINRA Registrations:
  • Not Applicable

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