Job Description

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 LoD1 KYC QA Team support the KYC/Due Diligence units (based on-shore and KYC Hubs) to deliver robust/sustainable KYC standards and develop KYC staff via continuous training. The team act as liaison where necessary between the Compliance functions to clarify policy points that need clarification. The team also ensure governance of any gaps in the KYC quality targets and provide action plans to relevant local or regional CEP management to increase the quality.

In detail

KYC QA Officer\xe2\x80\x99s Key Responsibilities * Provide Support in improving KYC file quality, oversight and governess to deliver quality targets expected by the senior management and applicable control policies (e.g. GCP/GCL etc.)

• \'\'Perform post-approval quality assurance control\'\'

• Perform monthly QA on the sample of files allocated by the Central LoD1 QA Team manager in Lisbon
• Ensure QA has been completed within the allocated time ( normally 2 weeks after allocation)
• Ensure monthly QA result/findings are reviewed and agreed with the SKYCO Team and local DDT management and QA results finalised before month end

3. \xe2\x80\x9cIdentify Root Causes of quality failure\xe2\x80\x9d

• Identify root causes impacting KYC quality, agree fail points with stakeholders, define & track action plan for quality recovery & continuous improvement measures
• Ensure KYC quality recovery action plan is in-place and on-track to address quality weaknesses identified in QA testing

4. \xe2\x80\x9cFile remediation tracking\xe2\x80\x9d

• Track remediation of failed files during QA testing ( applicable for QA testing by LoD1 QA officer, LoD2 Compliance and IG)
• Log failed files requiring PFR/TFU in the tracker and monitor progress. Remediation to be completed within 30 days and non-compliant files to be escalated to Head of KYC QA

5. \xe2\x80\x9c Collection of misalignments\xe2\x80\x9d

• Collect KYC misalignment issues from your respective DD team and add in action log on KYC QA SharePoint
• Issue Policy/SOP related guidance and engage with compliance or GCS Team etc. to find solutions on any complex policy / SOP related topics
• Increase alignment on KYC and financial security processes to harmonise the operational process and thus improve KYC quality. Organise and lead monthly meeting with local financial security manager and discuss KYC quality related topics

6. KYC Quality Awareness & TEA ( training , education and advisory )

• Drive awareness of regulatory requirements and boost expertise of KYC team by working closely with other members of LoD1 KYC QA Team, Due Diligence Academy, GCS Team and compliance functions
• Organize and lead regular TEA ( training , education and advisory ) meetings with your DD Team ( on-shore and off-shore as the case maybe)

7. Global LoD1 KYC QA Community

• Direct reporting to local CEP manager but \xe2\x80\x9cFunctionally\xe2\x80\x9d report to Global Head of KYC QA and training
• Participate in Global KYC QA community meetings and contribute to the success of LoD1 QA framework

Time to time ad-hoc tasks may also be allocated to support the KYC quality related topics

Qualifications

The strengths and skills that will help you succeed

• 5-7 years of experience in a related role
• Knowledge of the English is required and Spanish a plus
• Communication Skills: Able to interact with junior and senior staff across various departments in CIB including Compliance, Due Diligence, and the business where required.
• AML/CFT Knowledge: Able to leverage on AML/CFT knowledge to formulate an assessment in keeping with the risk the client presents to the bank.
• Analytical Skills: Advanced research, analytical and report writing skills: to review, analyse and evaluate findings. Also able to present complex issues in a succinct, simple and straightforward manner.
• Understanding of EDD clients through the end-to-end KYC process
• Bachelor Degree in a related discipline (i.e. business, finance, law \xe2\x80\xa6 etc.)

What\xe2\x80\x99s 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 company and internationally.

To find out more about our range of benefits,

What you need to know

• We will review candidates as they apply, so don\xe2\x80\x99t wait to submit your application;
• If you are selected to participate in the recruitment process, please inform Human Resources of any accommodations you may require. BNP Paribas will work with you to ensure that you are able to participate fully in the process;
• You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas\xe2\x80\x99 office(s) is an essential function of this position;
• Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. These will be clearly mentioned in the qualifications of the position;

Diversity, Equity and Inclusion (DE&I) at the heart of our commitments

At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

To learn more about our DE&I commitments,

About us

BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 65 countries, with more than 190,000 employees, the bank holds key positions in several areas of banking and financial services.

BNP Paribas\xe2\x80\x99 mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.

Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.

With over 1,200 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.

Our certifications and partnerships

• Montreal Top Employer 2023
• Canada\'s Best Diversity Employer 2023
• Women in Governance \xe2\x80\x93 Parity certified - Gold certification
• CCDI Consulting Inc. (Canadian Center for Diversity and Inclusion)
• Pride at Work Canada
• Rainbow Accreditation issued by Canada\xe2\x80\x99s LGBT+ Chamber of Commerce (CGLCC)
• ROSEPH \xe2\x80\x93 Grouping of specialized organizations for the employment of persons with disabilities
• IndigenousWorks

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** Only selected applications that meet the requirements of the role will be contacted **

BNP Paribas