AVP-Onsite Controls/AML/Audit

  • Comensurate with Experience
  • New York, NY, USA
  • Full time, Permanent
  • BNP Paribas
  • 22 Oct 17

BNP Paribas Group BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, International Financial Services and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) achieve their projects through solutions spanning financing, investment, savings and protection insurance.

~~In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States.
In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNP Paribas Corporate and Institutional Banking
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.


Business overview:

The Management of 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 U.S.: Group Financial Security US (“GFS U.S.”).

The objectives of this unit include:
- Having the responsibility for the BNP Paribas Group framework in relation to Compliance with U.S. Sanctions;
- Ensuring a legal watch in relation to U.S. 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 U.S. Sanctions across the Group
- Acting as the ultimate level of management of the U.S. 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-U.S.
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Responsibilities of the On-Site Control (“OSC”): (from Group Financial Security – On-Site Control Charter)

• Review the adequacy and effectiveness of the Financial Security framework within the BNP Paribas Group,
• Assess if BNP Paribas’s branches, affiliates and global business lines comply with regulations / Group requirements in the area of Financial Security.
• GFS OSC is based in New York and Paris. GFS OSC is comprised of experienced examiners who travel internationally to execute a risk-based compliance review plan.
• As defined in the remediation plan, GFS OSC is primarily responsible for reviewing compliance with OFAC-specific requirements for all entities except those in the GFS Paris scope. GFS OSC can extend its scope to Anti-Money Laundering, when needed,
• GFS Paris On-Site Controls leads reviews on Financial Security (i.e. Anti-Money Laundering and Financial Sanctions) for all businesses and entities in France, Belgium, Italy, Luxemburg and Germany. When needed, GFS Paris seeks assistance from GFS U.S. on OFAC requirements. In addition, GFS U.S. may seek assistance from GFS Paris on EU requirements or for reviews in French Speaking countries outside GFS Paris scope.

Position overview:

• The OSC Review Team Analyst will report to one of the GFS U.S. OSC Review Team Directors.
• The OSC Review Team Analyst will:
o Support OSC Officers/Team Leads in executing the GFS U.S. OSC Annual Review Plan.
o Perform assigned test work, under the direction of OSC Review Team Officers/Team Leads
o Contribute to GFS U.S. efforts to comply with U.S. and international sanctions.


The On-Site Controls Analyst primary duties and responsibilities include:

• Participating in OSC Reviews. This includes but is not limited to contributing to
o Scoping on-site reviews,
o Executing assigned testing controls in compliance with OSC Operating Procedures and quality standards,
o Identifying findings and Remedial Action Plans (In coordination with Team Leads and Stakeholder),
o Communicating findings to Team Lead.
o Assisting the Team Lead in the writing of the Review Reports.
• Delivering review assignments that adhere to methodology and quality standards.
• Demonstrating strong and effective time management.
• Supporting OSC U.S. Global Practices team in executing special and ad-hoc projects.

This position requires 25-30% international travel to countries where BNPP has offices, operation, or business interests which may include third world countries. Extended stay up to 5 weeks may be required.


This is an exciting opportunity for the right candidate to join a Group-wide function in a highly visible position.

Qualifications:

• Undergraduate degree, finance or business related majors. Graduate degree a plus.
• 4 – 7 years’ experience in a banking environment.
• 3 + years’ experience in General Inspection/Audit in complex global financial services organization.
• Professional certifications a plus: CIA, CISA, CAMS, CFA, etc.
• Experience in Compliance with a strong knowledge of OFAC requirements.
• Working knowledge of banking products and services.
• Excellent verbal and written communication skills.
• Strong analytical and investigative skills.
• Experience leading teams and projects in a fast paced environment.
• High level of detail orientation and organization.
• Flexibility to adapt to new changing environment.
• Team player with demonstrated track record in self-initiative and time management.
• Knowledge of BNP Paribas Group activities and organization a plus.
• High ethical standards.
• Working knowledge of automated auditing techniques a plus.
• Ability to travel internationally and comply with travel visa requirements.
• Foreign language skills a plus in particular French.

~~BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

~~BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.