Job Title: Compliance Officer, Wealth Management (Assistant Manager)

Department: India CoE Compliance Hub

About Business line/Function: 

India CoE Compliance Hub enables safeguarding the Groups reputation and mitigating the risks across all business lines by supporting the Compliance functions globally. Currently, the India CoE Hub is structured into divisions aligned with the areas they serve, offering services for Group Compliance COO TOP, trade surveillance, electronic communications monitoring, transversal risk management, personal account dealing, MIS, and project support. The team collaborates closely with business partners worldwide.

Position Purpose: 

This position supports the Wealth Management Hong Kong and Wealth Management Singapore KYC/Financial Security Compliance teams.  The purpose of the position is to enforce the Wealth Management compliance on-boarding and account recertification policies and procedures, in addition to ensuring all such activities comply with HK and SG regulatory requirements and expectations.

By ensuring accuracy and adherence to compliance standards, this position plays a critical role in supporting the teams goal of maintaining a robust and reliable compliance framework, safeguarding the organizations integrity, and fostering trust with stakeholders.

Responsibilities

Diligently carry out the 2LoD role in the account recertification and account opening process:

                 Reviewing client profiles to ensure conformity to internal BNPP and HK/SG regulatory requirements on Anti Money Laundering /Countering Financing of Terrorism /Customer Due Diligence standards, producing client risk assessments, due diligence analysis and assigning an appropriate risk rating

                 Assisting with the preparation and presentation of existing client relationships to SG/HK risk committee with the objective of obtaining business & compliance management approval to start/maintain the relationship with the client

                 Review client transactions for the period under review and flag out any suspicious transactions with regard to unknown 3rd parties; commercial nature etc.

       Provide advisory support to the business with regard to resolving newly identified adverse media, link to sanction countries related issues, identifying potential Politically Exposed Persons etc

       To provide advisory to Business on KYC and Financial Security matters.

       To investigate, analyze, prepare memo, and ensure required protocol is followed through for cases with KYC/AML/FS concerns.

       Perform risk assessment and make decisions with regards to unblocking of accounts

       Conducting investigations and assist in the filing of suspicious transaction reports (STRs) as appropriate

       To assist with internal audits, regulatory inspection and investigations

       Be familiar with relevant MAS and HKMA requirements.

       To proactively identify potential gaps in the current processes/policies against regulatory requirements

       To work with Onshore Compliance on derogations and other policies-related matters.

       Collaborate with the larger compliance community, e.g. APAC Financial Security AML Advisory team.

       To provide administrative support such as tracking of file status, updating of bankruptcy lists.

       Perform any ad-hoc duties assigned by supervisor, including KYC in relation to client account closure

       KYC review of bank counterparties, review of bank reference letters, review of client investment profile questionnaires

Technical & Behavioral Competencies

       A team player with good relationship management and people skills

       Able to work independently, perform under pressure with tight deadlines and multi-tasks.

       A good knowledge of compliance framework with strong analytical skill.

       Have strong written and communication skills.

       Strong presentation skill

       Microsoft Outlook, MS Excel, Word and PowerPoint

Specific Qualifications:

       University graduate

       Minimum 5 years of KYC/FS Compliance experience in Wealth Management/Private Bank with HK and SG exposure

       Organized and meticulous

About BNP Paribas Group:

BNP Paribas is the European Unions leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Groups commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Unions leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.