APAC FS AML Framework

As the leading European Union bank, and one of the world's largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

•BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community

•BNP Paribas MixCity which fosters better representation of women at all levels of the organization

•Ability, the mutual aid network for employees with a disability or a disabling or chronic illness

•BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

https://careers.apac.bnpparibas/

Award Obtained

BNPP has won Top employer Europe award in a 10th consecutive year

Position Purpose

The Compliance function is at the heart of BNP Paribas' risk management. One of the pillars of the Group's internal control setup, Compliance teams work both independently and in close partnership with the Business to adapt to the evolution of the Group's activities and the requirements of the regulators. Compliance teams contribute to maintaining the reputation of BNP Paribas and the trust of our clients, thanks to their strong control of non-compliance risks, allowing everyone to work with confidence.

The AML CIB Framework Team is responsible for designing, maintaining, and continuously improving the Anti-Money Laundering (AML) compliance framework specific to the Corporate & Investment Banking (CIB) division. The team ensures that AML policies, procedures, and controls are tailored to the unique risks and complexities of CIB activities, including high-value transactions, correspondent banking, complex financial instruments, and cross-border operations. The team collaborates closely with other AML teams, business units, and local compliance to mitigate financial crime risks.

Responsibilities

The responsibilities of the [VP AML Framework Team] include:

Framework Development and Maintenance:

•Develop, implement, and maintain a robust AML framework tailored to the specific risks of CIB activities, ensuring compliance with regulatory requirements and internal policies.

•Regularly review and update AML policies and procedures to align with evolving regulatory expectations, business operations, and industry best practices.

•Ensure that the AML framework incorporates a risk-based approach, prioritizing resources towards higher-risk activities and entities.

•Identify opportunities for process enhancements within the AML framework to improve efficiency, reduce risk, and ensure compliance with best practices.

Risk Assessment and Mitigation:

•Coordinate with territory compliance to perform regular AML detection gap analysis, identifying vulnerabilities and proposing risk mitigation strategies.

•Monitor and assess emerging risks, such as new financial products, geopolitical events, and evolving regulatory landscapes.

•Recommend enhancements to controls, monitoring systems, and business processes to mitigate identified AML risks.

Transaction Monitoring and Control Implementation:

•Work closely with AML transaction monitoring teams to ensure that monitoring scenarios and thresholds are aligned with CIB-specific risks and transactions.

•Assist in the design and refinement of monitoring rules to capture suspicious activities, such as complex cross-border transactions, high-value trades, and correspondent banking.

•Develop and maintain key control matrices for CIB activities to ensure AML compliance across all business lines.

Cross-Functional Collaboration:

•Collaborate with other AML teams (e.g., Transaction Monitoring, Investigations, Sanctions), Legal, Compliance, Risk, and business units within CIB to implement the AML framework effectively.

•Serve as a liaison between CIB business units and the broader AML function to ensure smooth communication, understanding of CIB risks, and implementation of AML controls.

Audit and Regulatory Support:

•Prepare and provide support for internal audits and external regulatory reviews related to the CIB AML framework.

•Address and resolve audit findings, ensuring timely implementation of remediation plans and recommendations.

Data Analysis and Reporting:

•Analyze data to assess the effectiveness of the AML framework and provide insights for continuous improvement.

•Prepare regular reports and dashboards for senior management on the performance and status of the CIB AML framework, including key risk indicators and compliance metrics.

Project Coordination and Support:

•Assist with the management of AML/CTF CIB tools in APAC territories, including deployment, decommissioning, and ongoing maintenance.

•Fine-tune CIB automated AML monitoring tools (Actimize, Quantexa, etc.) to optimize their effectiveness, by closely working with the CEP L1 team.

•Provide general support to the APAC Head of AML Adv., NAP & Corporate Coverage Compliance.

•Provide advisory support to senior/regional management, Territory Compliance teams, businesses, and functions in the APAC region on complex AML/CTF matters

•Provide advisory support on AML/CTF aspects on complex TAC/NAC

•Coordinate and conduct training related to AML monitoring.

Key Interactions:

•Territory Chief Compliance Officers in the Region

•APAC Heads of Compliance Business Lines & Domains

•Local FS teams

•Central Compliance and GFS

•Relationship Managers

Technical and Behavioral Competencies

Technical Competencies:

•Product Expertise: Possess a deep understanding of key corporate and investment banking products, including cash management, capital market, trade finance, global markets and structured finance transactions.

•Regulatory Knowledge: Exhibit an in-depth knowledge of the evolving international AML/CFT standards (FATF, EU directives) and key developments, as well as the primary AML laws and regulations in APAC, particularly in Hong Kong and Singapore.

•Technical Proficiency: Leverage Power BI skills to create insightful infographics and conduct smart analyses of customer behavioral patterns and transaction trends.

•Language Proficiency: Possess fluency in an Asian language.

Behavioral Competencies:

•Interpersonal and Communication Skills: Demonstrate exceptional interpersonal and communication skills, fostering effective relationships and conveying complex information clearly and concisely.

•Analytical and Risk Management: Exhibit a robust analytical mindset and a strong understanding of risk management principles, enabling the identification and mitigation of potential risks.

•Critical Thinking and Strategic Decision-Making: Exercise critical thinking skills to make informed and strategic decisions based on sound judgment and a thorough evaluation of available information.

•Adaptability and Resilience: Thrive in a challenging and fast-paced environment, demonstrating agility and the ability to adapt to change while maintaining a goal-oriented mindset.

Experience and Qualifications required

•Hold a university degree in a relevant field, complemented by appropriate professional qualifications.

•7-10 years' experience in Compliance / AML areas preferably with exposure to Corporate Banking, Transaction Monitoring and AML in an international banking organization(s).

•Excellent working knowledge of APAC regulations as well as their practical application.

•Senior professional with AML/TF related industry experience. This will entail sufficient experience with and a good understanding of the AML/TF environment & the key challenges and developments faced by the business and the industry.

•Candidates with related AML Qualifications such as ICT diploma in AML and/or ACAMS will have added advantage

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