Position Purpose - To implement a control framework designed to prevent corruption, money-laundering, and financing of terrorism, as well as to comply with embargoes and international financial sanctions and to protect customers interests at the Group Level, BNP Paribas has set up an alert management framework with an organization of 3 levels to screen and process the alerts triggered on payments.
- This role is within the second level of the alert management framework Level B1.
- Alert Management Process serves numerous Institutional Clients and their Portfolios in transaction screening pertaining to different markets across the globe. Assistant Manager will be responsible for monitoring and processing of transaction filtering management.
- Appropriate assistance to Manager towards overviewing & guiding on supervision of activities i.e. Alert Management, Investment Communications, ASL Maintenance processes and ensure the same is driven towards results achievement.
- Responsible for involving and supervising the interactions with Account Managers, Operations and the clients of BNP Paribas business functions and needs to ensure high quality of service to the internal/external clients to meet the expected service standards.
- Managing the daily operations BAU/workflow within the business group and helps the Manager in achieving the process related objectives including audits and meeting KPIs. Good understanding of the business is expected, including knowledge of SWIFT messages, Financial Products, Capital Market etc. Demonstrated commitment to continuous process improvement is required.
Responsibilities
- The main responsibilities of Risk Monitoring and Management (RMM)
- Perform due diligence on alerts which have been escalated by Level A in transactions screening process (Fircosoft), including performing necessary investigation and providing supporting documentation.
- Handle transactions received in Money Transfer Management for Fraud validation (Actimize) and Extra validations.
- Ensuring Payment Transparency requirements in SATURN Inbound & Outbound by reviewing ordering and beneficiary information for completeness and appropriately escalating (MT 103 & MT 202C)
- MT 202 Payment Data Quality
- Verification and allocation of manual faxes, alongside performing call back.
- Maintenance of Authorized signatories and call back lists
- Individual names screening on all signatories
Direct Responsibilities - To document, investigate and provide preliminary advice and to escalate all alerts to B2.
- In charge of obtaining all necessary information and documentation in compliance with Group policies and procedures.
- Investigate on Fraud validation and extra validation queues, liaise with location and take decision on processing of payments.
- Handling of outgoing and incoming transactions as per Group Payment Transparency Procedure.
Payment Data quality of MT 202 and equivalent MX messages (Misuse/Formatting errors)
- Support management to ensure any operational risk related incidents are reported in accordance with the Group policies
- Maintenance of Authorized signatories lists, Call back lists and email indemnification documents
- Manual and Regular screening of signatories name as per Group Screening Procedure.
- Verification of signature and allocation of manual faxes to corresponding operational teams.
- Must be familiar with the latest version of Standard Operating Procedures (SOP) and be compliant with the banks policies and procedures.
- Perform periodic review of SOP and to ensure process deliverables are made as per SLAs and ensure delivery within the agreed timelines.
- Ensure Key performance indicators are reached.
- Support management to ensure any operational risk related incidents are reported in accordance with the Group policies.
- Involvement towards Risk and Control Self-Assessment, Business Impact Analysis, Key Performance Indicator Reporting and Internal & External audits.
- Assist LOD1 Control Owner (Assistant Vice President) to execute Generic Control Plan & Local Control Plan obligations.
- To supervise and involve associates in answering account manager, other internal department queries and handling telephone calls concerning payments or other related queries.
- Ensure all the queries are handled without errors/mistakes and within the Turn Around Time
- Prioritizing the work and conduct investigation with due diligence on all the anomalies.
- Taking corrective measures/action in consultation with Manager.
- Escalate unresolved open items to Manager.
- Maintain Communication channels with internal peer groups.
- Keep abreast of changes in AML/CTF and sanctions related regulations and internal policies.
Actively involve in ensuring Operational Resilience, during Business Continuity Management.
- Comply with internal and external regulatory and compliance requirements.
- Comply with the BNPP standards of Code of Conduct
- Comply with the BNPP IT Security policies.
- To ensure adherence to AML/FS-related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision.
Contributing Responsibilities - The Assistant Manager will report to the Manager.
- The position interfaces with Process Associates, Mid Office Staff, Account Managers and Operations etc.
- The position interfaces with International Team Members of BNP Group
Technical & Behavioral Competencies - Good knowledge of Sanctions, anti-money laundering rules & regulations.
- Work knowledge of SWIFT message types.
- Strong banking back office operational experience would be an advantage (Knowledge on Capital Markets instruments)
- At least
five-year
experience in real-time sanctions alerts management role focusing on screening/investigation. - Experience of having worked in Fircosoft, Actimize and SATURN applications.
- Exposure to Alteryx will be added advantage.
- Expert in MS Excel and other related Microsoft Office Suite.
- Good written and verbal Communication skills.
- Fabulous Team player.
- Accountability and right attitude towards job to obtain desired results.
Specific Qualifications (if required) - Possess a Compliance and Operational mindset with acute awareness of urgency of payments processing.
- Good analytical skills, attention to detail and accuracy in daily work, and must possess a collaborative mindset.
- Ability to thrive and multi-task in a high-volume and fast-paced environment and can work independently.
Basic Requirement - Graduate or Postgraduate with specialization in Finance
- 5 to 7 years of experience in a financial organization ideally with knowledge of SWIFT messages and Sanctions Screening
- Knowledge on List-Based Sanctions, Geographic lists related sanctions and Other Sanctions restrictions
- Flexible to work in rotational shifts (Including early morning and night shifts)
