Sanctions Technical Knowledge:
The Sanctions Policy Compliance Officer will have a detailed level of sanctions knowledge and know how to apply this to critical reviews of alert investigations, queries and UK CIB business activity. He/she is responsible for supporting the Sanctions Manager to keep the UKFS Sanctions Program, manuals and desktop procedures up to date in light of regulatory and BNPP policy updates. This includes responding to complex queries and driving actions relating to the sanctions program. He/she will be responsible for risk-based decisions relating to sanctions and must therefore be able to understand, interpret and apply regulatory requirements, policies and procedures to support sanctions risk management standards. It is important to be able to identify issues within an escalation and clearly articulate decisions with reasons.
Policies & Procedures:
There are a number of policies and procedures published at various levels in the group. The Sanctions Policy Compliance Officer is responsible for reviewing new publications to ensure this is updated in the sanctions program and manuals for application in UKFS/UK CIB. He/she will be required to keep up to date with regulatory and industry developments; and support the team to build relationships with various global teams to resolve policy related items.
BAU Policy Escalations:
Support the team to identify and oversee policy related issues which may arise during business as usual activities e.g. sanctions alert investigations etc. for escalation and further action. Knowledge and experience of how to manage an alert investigation, is preferred
Queries, Time Management & Escalations:
Required to combine experienced sanctions subject knowledge and learn internal BNPP policy, to provide sanctions advice to UK CIB Business stakeholders. Ad hoc queries may require a level of investigation to understand our potential sanctions exposure and provide advice to mitigate this in line with BNPP procedures. The Sanctions Policy Compliance Officer will support the team to address urgent items timeously, exhausting all avenues to find a solution and capturing reasons and actions for record keeping purposes. You are responsible for ensuring all actions arising from queries/escalations are managed to completion.
Suspicious Activity Reporting “SARs”/
Identify unusual activity and follow internal and external processes for timeous ”STRs” and Breaches: escalation. Support the UK Compliance Investigations Team, UKFS Sanctions Manager and MLRO to meet regulatory requirements for Suspicious Activity Reporting/Suspicious Transaction Reporting. Similarly, all breaches identified are required to be recorded and reported via the internal breach reporting process.
BNPP UK CIB are continually enhancing our sanctions program to meet regulatory requirements and build a robust control for our business. As a result you will be involved in a number of project deliverables during your role. This may include reviewing policies, revising procedures, consideration of policy for sanctions screening systems and list management etc. Candidates are required to be dynamic and confident to pick up different tasks and work with the team and Sanctions Manager to ensure we deliver a strong program which manages the risk of sanctions.
Support the Sanctions Manager and Compliance Training Department to update training materials and deliver sanctions training to a variety of stakeholders at various levels. It is important to understand sanctions risk and be able to communicate this articulately to the business.
Management Information “MI”:
Support daily/weekly/monthly MI initiatives, to identify potential sanctions risk. Highlight key events during the month for upstream risk communication. Use MI analysis for recommendations for enhancement of policies, processes and procedures.
Technical Knowledge and Soft Skills
- You are expected to demonstrate a good understanding of sanctions risks. Previous experience in sanctions advisory and/or sanctions alert investigations is essential. Candidates are required to identify sanctions risks and know how to address these to meet regulatory expectations. We will support your training of BNPP’s risk appetite and internal policy approach when you join.
- This is not an operational role. It’s is a compliance role. You are expected to demonstrate the ability to identify key risks and be confident to ask questions during queries/alert investigations/reviews to support BNPPs control environment to manage our sanctions risk. Your contribution will be valuable to enhancing our current processes.
- Time management is important. You are required to manage your workload to meet deadlines and apply a dynamic approach to supporting the team. During this process you will manage expectations effectively and communicate updates and escalations timeously. You will work well with your team in a pressured environment; and be capable of working independently with self-motivation.
- Written communication is a key factor for capturing clear risk based rationale and supporting evidence to meet regulatory requirements. Your advice will be interpreted by the business. It is important to articulate what the risks are, with clear next steps for action.
- This role requires a pro-active approach; with a proven ability to make informed decisions in a timely manner, whilst ensuring all financial security issues have been appropriately considered and addressed.
- The ideal candidate will have a good knowledge of the international sanctions regulatory environment (e.g. UN, EU, US, UK, French etc); and know how to practically apply this to corporate and investment banking products, services and client types.