KYC Business Group Analyst

About the job

• The Business Group Analyst’s role is to develop knowledge and expertise in assigned Business Group ownership structures and Know Your Client (KYC) risk-mapping and to match this with the KYC requirements for different countries (across CIB and Domestic Markets) in which the Business Group holds accounts, using this knowledge of Business Group and local KYC requirements to collate the relevant data to construct a KYC file to support the due diligence assessment of Group Strategic Clients

Your Main Activities Are

• Gain familiarity with assigned Business Groups including ownership structures, SMOs and UBOs and risk factors
• Gain familiarity with recertification and onboarding process for a broad range of CIB and domestic market countries
• Conduct initial checks against internal databases to determine KYC information held and required documents to constitute “kick-off pack” to be shared with clients, defining the “onboarding and recertification specifications” including multi-site local requirements
• Liaise internally with relevant stakeholders for list of required KYC and Regulatory documents, such as FATCA, AEOI and MIFID, determining required documents for KYC and performing gap analysis with existing documents
• Organize documents collected and extract relevant data to support the KYC process, ensuring and validating that collected documents are consistent, valid and adequate with internal procedures and guidelines, while ensuring due diligence regarding local requirements for multi-site clients are properly performed
• Enter and update systems with data related to Scoring Grid, such as activity or source of funds, based on the documentary analysis performed, ensuring the completeness of the onboarding and recertification request in the systems, creating ownership structure and list related persons (Hierarchy Management), doing the same for Tax Clafficiation and Account Opening Documentation
• Perform screening according to the guidelines in force and using screening tools selected by the Bank such as sanctions, PEP, adverse information, including a first review of screening results in order to find any positive match for Sanctions or PEPs, as well as a first analysis of all adverse information as per their relevance or materiality
• Categorize screening results depending on their potential relevance and materiality and review positive hits to determine relevance and whether it is a hit that has been previously vetted by the investigator in the past or it is a new hit that has not been seen before
• Analyse adverse information as per relevance and materiality and perform additional checks on screening results using the external tool selected by the Bank
• Use CIB and Domestic Markets tools to carry out the above tasks, applying cross-pole expertise and communication
• Participate in the co-creation and innovation of new tools and processes within Central KYC Hub
• Perform tasks at speed and be able to prioritise and be flexible to ensure onboardings and account openings are handled in a tight timeframe that provides client satisfaction and allows the Group to be competitive in the market

Profile and Skills to Success

• Bachelor’s degree in Law, Economics, Finance or Accounting
• At least 2 years of experience in Banking and Financial Operations
• Fluency in English with excellent communication skills
• Beginner level of French
• Knowledge of Compliance Tools, particularly Vigilance
• Great analytical ability and attentiveness to detail
• Customer-focused mindset

#LI-Hybrid

Why joining BNP Paribas? 

· Leading banking institution

BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.

· Our presence in Portugal

In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group’s 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.

· International reach

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions: 

• Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines; 
• Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services; 
• Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional clients.

· Diversity and Inclusion commitment

BNP Paribas 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.

· Commitment towards work/life balance

At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.

· Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices. 

To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal

* Please note that only applications submitted in English will be considered. 

* In case you are selected for this role, further documentation will be requested to support your hiring process.