Compliance Officer, Account Opening

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
- excluding partnerships

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.

**Position Purpose**:
Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.
- Work as a team within the KYC unit to:

- Ensure timely review of new accounts
- Ensure zero or mínimal past due recertification accounts at any point in time.
- Provide advisory to Business on AML/KYC as well as on-boarding related issues.
- Provide support to the larger compliance community, e.g. Monitoring and Surveillance / Suitability /FS Transversal team.
- To assist the Head of KYC to supervise and provide guidance to the team members.
- To conduct gap analysis of MAS & HKMA consultation papers, new regulations and/or synchronization/ alignment of local policies vis-à-vis HO.
- To handle internal and external audits, monitor transaction irregularities and perform compliance testing to mid-office functions.
- To engage with and advise on issues and matters relating to AML/CFT from both the KYC and investment suitability perspectives such as VC assessment and client’s investment risk profiling.

**Responsibilities**

**Direct Responsibilities**
- Reviewing client profiles during account opening and recertification phase to ensure conformity to internal and regulatory requirements on AML/CFT/CDD standards, producing client risk assessments, due diligence analysis and assigning an appropriate risk rating.
- 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.
- Assisting with the preparation, presentation of existing client relationship to a local control committee with the objective of obtaining business & compliance management approval to maintain the relationship with the client
- Review client's transactions for the period under review and flag out any suspicious transactions with regard to unknown 3rd parties; commercial nature etc.
- Perform risk assessment and make decisions with regards to unblocking of accounts
- Conducting investigations and filing suspicious transaction reports (STRs) as appropriate.
- Provide feedback to changes to internal KYC procedures.
- Keeping abreast of changes in the domestic regulatory requirements (MAS) and be aware of the different obligations from other jurisdictions such as HKMA and HO. If required, to conduct gap analysis.
- Provide training of internal new or revised policies and procedures and external new regulations to relevant stakeholders such as CLM team.
- Ensure the timeliness and accuracy of status reporting on new a/c onboarding and recertification tracking.
- Perform any other ad-hoc duties assigned by supervisor.

**Contributing Responsibilities**
- Provide support to Monitoring & Surveillance team from time to time and on projects pursuant to management requests or necessitated by events such as local & global internal audits and periodic inspections by the regulatory authorities.
- There will be opportunities to participate in a range of developmental projects, mainly focusing on procedures development, process improvement initiatives & enhancing