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.
The function typically acts as a second line of defence covering areas including; controls, assurance, monitoring, professional ethics, training and competence, whistleblowing, market abuse, financial security and regulatory liaison.
Responsibilities
UK Financial Security (“UKFS”) team 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:
- Advisory
- AML Surveillance
- Anti-Bribery and Corruption
- Anti Facilitation of Tax Evasion
- Sanctions
- Testing & Assurance
- Risk Assessment
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 where appropriate to staff on a number of relevant laws, regulations and standards;
Monitoring and reporting on BNP Paribas CIB London and staff compliance with laws, regulations and standards.
Job Purpose
Support the CIB UK Head of Sanctions in the provision of sanctions expertise and advice to the business, and second level of defence support in the governance and oversight of key sanctions risk management processes
Key Responsibilities
- Support the Head of Financial Security Sanctions and the team to ensure CIB UK has the infrastructure to comply with Group, CIB Sanctions Policy and UK legal and regulatory requirements in relation to payments filtering and sanctions screening
- Leads on the horizon scanning and tracking of UK Sanctions and Trade regulatory developments and material geo-political events programme including producing guidance, policy and recommendations (with Legal input where required) for UKFS Compliance colleagues
- Represents in relevant industry groups and advocacy initiatives to gather intelligence regarding Sanctions & Embargoes and Trade Compliance in the wider financial services sector, making recommendations to enhance the CIB UK Sanctions compliance framework where necessary
- Assist in ensuring local procedures required to implement Group Sanctions Policies and local regulations are up-to-date and appropriate
- Identify opportunities to develop and improve the effectiveness of the sanctions infrastructure governance and oversight framework
- Provide technical advice in relation to complex sanctions and embargoes queries to local stakeholders, wider UKFS and nearshored hubs including B1 and B2 Lisbon, UK Businesses in respect of Group Policy, CIB and local requirements
- Provide technical Sanctions & Embargoes payment alert disposition opinion/advice
- Develop and maintain relationships with key business stakeholders
- Review and report potential circumvention cases, voluntary self-disclosures and potential sanctions incidents/ cases
- Review and dispositioning of Sanctions name screening alerts
- Manage, control and perform regulatory reports related to the UK frozen assets
- Support on significant team processes carried out under Group and Local Policies such as List Management, controls and management information to identify any keys risks or trends
- Providing Sanctions & Embargoes training where appropriate to staff on a number of relevant laws, regulations and BNP Paribas standards
- Support on strategic and tactical projects affecting the CIB UK London Branch sanctions compliance framework
- Provide support/assistance to the wider UKFS team on payment and financial sanctions related topics.
Requirements
- Ability to understand, interpret and analyse and summarise technical UK Sanctions and Trade legislation and other UK regulatory developments, providing clear and actionable recommendations to CIB & 2S UK entities
- Deep technical sanctions and trade knowledge gained through experience in a sanctions role
- Relevant sanctions qualifications
- Experience of attending and contribute to key industry sanctions panels for advocacy on key topics
- Strong Knowledge of specific Compliance principles and processes and an ability to translate knowledge and experience into recommendations to improve team operating practices.
- An ability to read SWIFT, SEPA Payment Message and other message types.
- Strong knowledge of Compliance policies, procedures, relating to sanctions and embargoes.
- Strong working knowledge of financial crime regulations and standards (e.g. UK, EU, US, UN, French etc) and an ability to translate these into policy and regulatory expectations.
- Some experience and understanding of new technology in financial services (for example, Payment Service Providers, Cryptocurrencies etc) and the associated sanctions and broader financial crime risks. A developing knowledge of BNPP, its products and services and the broader industry
- Demonstrable willingness to develop and compliance and market knowledge to improve performance.
- Strong analytical skills with the ability to translate technical concepts and provide specialist guidance and advice to others.
- Ability speak in public and express ideas and opinions alongside peers
- Strong personal focus on accuracy and attention to detail and able to review and improve work of more junior colleagues.
- Good written and oral English skills in order to articulate technical issues to the business.
- An ability to analyse data and identify trends and risks.
- Strong Computer literacy and a good knowledge of standard computer software e.g. Microsoft Office. Experience using Compliance software/systems and tools.
- Able to learn and utilise specialist applications.
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
- 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
- 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.
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.
