DUE DILIGENCE OFFICER

January 29, 2024

DUE DILIGENCE OFFICER

ReferenceBNP-001264

  • Standard / Permanent
  • ES-MD-Madrid
  • OPERATION PROCESSING
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BNP Paribas is an international bank with leading positions in the European market. It is present in 74 countries and employs more than 192,000 people, 146,000 of whom are in Europe. The Group holds key positions in its three main areas of activity: Domestic Markets and International Financial Services (whose retail banking and financial services network is part of Retail Banking & Services), as well as Corporate & Institutional Banking, which offers services to corporate and institutional clients. The Group supports its customers (individuals, entrepreneurs, SMEs, large companies and institutions) to help them carrying out their projects by providing financing, investment, savings and insurance services.

In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is number one in retail financing in Europe.

BNP Paribas is developing its integrated retail banking model in the Mediterranean countries, Turkey, Eastern Europe and has an important network on the US West Coast. In both its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas has leading positions in Europe, a strong presence in the Americas and a solid and growing network in the Asia-Pacific region.

BNP Paribas Corporate & Institutional Banking provides large companies, multinationals and financial institutions with various solutions in the areas of advisory, financing, transactional banking, capital markets, settlement, clearing and custody of securities, asset and fund management services and solutions for corporate issuers. It has 620 professionals in Spain with offices in Madrid, Barcelona, Bilbao and Coruña. The entity has a network present in 56 countries.

The Due Diligence Officer directly reports to the Team Manager of Due Diligence. The Due Diligence Officer’s primary tasks are collecting, gathering, assessing  and following up on Know-Your-Customer documentation in line with current procedures and legislation. 

RESPONSIBILITIES:

– Collect, analyze, verify and archive legal and Know Your Customer (KYC) documentation, identify Ultimate Beneficial Owners (UBOs) and Politically Exposed Persons (PEPs) and check sanction and embargo information;

– Contribute to evaluating the sensitivity of the customer under the supervision of the SBO concerned;

– Ensure entry of the name of the customers and of the beneficial owners/directors and other representatives on the various databases;

– Review embargoes, Vigilance to detect PEPs, and utilize other databases according to the local practice;

– Propose a classification of the PEPs (High-risk or not);

– Analyze, verify (and archive) legal documents such as dealing mandates and guarantees (enhanced signature check);

– Comply with and follow up on (international) regulatory requirements, such as the Foreign Account Tax Compliance Act (FATCA), AEOI (CRS) and Markets in Financial Instruments Directive (MiFID);

– Monitor the follow-up elements, in particular those related to the documentation;

– Trigger the recertification/ review on behalf of the SBO (especially for the scheduled recertifications);

– Liaise with external and internal clients and stakeholders on KYC related matters;

– Challenge Relationship managers regarding KYC matters;

– Assist team leader with ad hoc projects;

– Train newcomers;

– Perform review/analysis of customers with a focus on high risk customers;

– Perform 4-eyes checks when relevant seniority achieved;(SKYCO)

– Status reporting.

Financial Security

        – Be alert to and contribute to fighting against all forms of economic crime including fraud, money laundering and terrorist financing, regardless of the circumstance or stakeholder involved.

         – Make sure adequate due diligence and controls are performed to know the customers and how they use the Group’s products and services.

        – Be vigilant that customer transactions are not related to bribery or corruption. Report any suspicious operation to Senior Management or to local Compliance.

REQUIREMENTS:

Training:

University (Bachelor/Master degree)level – with legal affinity or other relevant working experience.

Experience:

2 – 4 years (preferable)

Preferably  two years of successful relevant work experience; preference for Due Diligence experience.

Languages:

 •  English: Fluent

 •  Spanish: Optional

SKILLS:

– Ability to interact with other local internal teams;

– Flexible attitude;

– Take initiative, propose & signal improvements/changes;

– Team player;

– Excellent written and oral communication skills in Spanish and English;

– Ability to deal with deadlines and work under pressure;

– Analytical thinking;

– Work independently;

– Time management, planning and organizational skills.

BENEFITS:

• Training programs, career plans and internal mobility opportunities, national and international thanks to our presence in different countries.

• Diversity and Inclusion Committee that ensures an inclusive work environment. In recent years, several employee communities have been created to organize diversity and inclusion awareness actions (PRIDE, We Generations and MixCity).

• Corporate volunteering program (1 Million Hours 2 Help) in which employees can dedicate time out of their working hours to volunteer activities.

• Flexible compensation plan

• Hybrid telecommuting model (50%)

• 31 vacation days

Diversity and Inclusion commitment

BNP Paribas Group in Spain is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.

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