Kyc Compliance Validation Officer - Montréal, Canada - BNP Paribas

BNP Paribas

Verified Company

Montréal, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

KYC COMPLIANCE VALIDATION OFFICER (

JOB NUMBER:
COMP EML)

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2023.

We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future.

Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

The position at a glance
The U.S.

Financial Security Department has a key role to play in continually guiding and coordinating the Financial Security Program for BNPP to keep pace with evolving industry practices and local regulations.

Within the U.S.

Financial Security Department, there are six main areas:
KYC Compliance, FIU/BLRA/QA, Sanctions, Transaction Monitoring and Optimization, Transaction Monitoring, and Project Management.

In detail

Responsible for KYC Validation reviews including:

Ex-ante and Ex-post Quality Control Review of Americas client files to ensure compliance with Global Policies and local laws and regulations
Perform 2ndLevel Reviews of the FinCEN CDD rule for Legal Entities, Non-Legal Entities and Loan Renewals
Perform quality control on client data for AML
Generate KPIs for reviews and controls performed and prepare reports and presentations incorporating KPIs for reporting to regions and the monthly Americas CIB/US Asset Management Financial Security Steering Committee Meetings
Communicate with different regions in the Americas to remediate findings
Provide Quarterly Trainings to regional Due Diligence Teams regarding recurring issues and developments in policy
Organize and lead Quarterly Operational Meetings with local compliance

Responsible for the Network Clearing (Correspondent Banking) KYC process including:

Review AML/CFT Questionnaires as they come in and save in the shared drive/SharePoint
Perform 6 eye checks of affiliates
Update monthly status spreadsheet (lifecycle of the whole process)
Update the monthly Quality Control KYC Assessment
Review 2AC forms for accuracy (updated by NCNA, IAG and USFS Network Clearing)

Other Responsibilities:

Offer guidance on pertinent KYC issues and their impact on applicable business lines/clients/accounts/transactions/business scenarios.
Perform enhanced due diligence research for RMA banks and specific clients
Support Reverse KYC process; Update Swift KYC for NY Branch
Implement BNPP's Global KYC procedures in the US. Review and recommend enhancements
Support business lines, Due Diligence Team ("DDT") and Investigation & Analysis ("IAG").
Draft and/or update AML compliance and written supervisory policies and procedures.
Assist Compliance in developing a comprehensive crossbusiness view of AML risk.
Coordinate with Paris, London and Hong Kong Compliance on Global KYC issues.
Provide compliance related training specific to the various Business lines, Compliance and Due Diligence/IAG groups and support the general AML training program
Perform analysis and work on special projects
Ensure compliance with current and impending legislation/regulations
Provide Excelbased Reporting Metrics
Support the KYC Advisory team as needed
Support development and implementation of AML-KYC systems by providing input and feedback on systems throughout development

The strengths and skills that will help you succeed

Minimum Required Qualifications

35 years of experience in a financial services industry or regulatory environment
Bachelor's degree from an accredited college/university in Accounting, Finance, Legal, Economics or related discipline.
Knowledge of the English is required.
CAMS certification
Strong:
Background in KYC/ AML/OFAC / Sanctions risk; 35 years overall experience
Computer skills including MS Office Suite particularly MS Excel
Written and oral presentation skills
Possess a strong understanding of corporate governance and the AML/BSA/KYC regulatory environment

Ability to:

Understand the importance of privileged and confidential information
Manage multiple projects and meet deadlines under pressure
Come in Early/Work late as needed (there will be early calls with Paris)

Preferred Qualifications:

Prior Compliance or Audit experience
Knowledge of Correspondent Banking activities
Master's Degree a plus.

FINRA Registrations Required:
No

What's in it for you

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering.

Hybrid work arrangements, such as remote working up to 50% and flexible working hours are available for most positions. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the