Kyc Compliance Validation, Team Lead

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 U.S. Financial Security Department has a key role to play in continually guiding and coordinating the Financial Security Program for BNPP to keep pace with evolving industry practices and local regulations. Within the U.S. Financial Security Department, there are six main areas: KYC Compliance, FIU/BLRA/QA, Sanctions, Transaction Monitoring and Optimization, Transaction Monitoring, and Project Management.
In detail
Responsible for KYC Validation reviews including:

• Organize and lead Quarterly Operational Meetings with local compliance
• Ex-ante and Ex-post Quality Control Review of Americas client files to ensure compliance with Global Policies and local laws and regulations
• Perform 2nd-Level Reviews of the FinCEN CDD rule for Legal Entities, Non-Legal Entities and Loan Renewals
• Communicate with different regions in the Americas to remediate findings
• Provide Quarterly Trainings to regional Due Diligence Teams regarding recurring issues and developments in policy
• Generate KPIs for reviews and controls performed and prepare reports and presentations incorporating KPIs for reporting to regions and the monthly Americas CIB/US Asset Management Financial Security Steering Committee Meetings
• Perform quality control on client data for AML-6

Responsible for the Network Clearing (Correspondent Banking) KYC process including:

• Update the monthly Quality Control KYC Assessment
• Update monthly status spreadsheet (lifecycle of the whole process)
• Review 2AC forms for accuracy (updated by NCNA, IAG and USFS Network Clearing)
• Review AML/CFT Questionnaires as they come in and save in the shared drive/SharePoint
• Perform 6 eye checks of affiliates
• Upload Pre 2AC responses in SharePoint with NCNA and prepare Pre 2AC (Affiliate Account Certification) Committee follow-up emails to send to the affiliates as well as recommendations that haven’t been closed from the IG Reports

Other Responsibilities:

• Draft and/or update AML compliance and written supervisory policies and procedures.
• Implement BNPP’s Global KYC procedures in the US. Review and recommend enhancements
• Perform analysis and work on special projects
• Support Reverse KYC process; Update Swift KYC for NY Branch
• Support development and implementation of AML-KYC systems by providing input and feedback on systems throughout development
• Provide Excel-based Reporting Metrics
• Provide compliance related training specific to the various Business lines, Compliance and Due Diligence/IAG groups and support the general AML training program
• Coordinate with Paris, London and Hong Kong Compliance on Global KYC issues.
• Support the KYC Advisory team as needed
• Assist Compliance in developing a comprehensive cross-business view of AML risk.
• Ensure compliance with current and impending legislation/regulations
• Support business lines, Due Diligence Team (“DDT”) and Investigation & Analysis (“IAG”).
• Offer guidance on pertinent KYC issues and their impact on applicable business lines/clients/accounts/transactions/business scenarios.
• Perform enhanced due diligence research for RMA banks and specific clients

Minimum Required Qualifications
The strengths and skills that will help you succeed

• 5 years of experience in a financial services industry or regulatory environment
• CAMS certification
• Knowledge of the English is required.
• Bachelor’s degree from an accredited college/university in Accounting, Finance, Legal, Economics or related discipline.

• Written and oral presentation skills
• Possess a strong understanding of corporate governance and the AML/BSA/KYC regulatory environment
• Background in KYC/ AML/OFAC / Sanctions risk; 5 years overall experience
• Computer skills including MS Office Suite particularly MS Excel
• Strong:

Ability to:

• Come in Early/Work late as needed (there will be early calls with Paris)
• Manage multiple projects and meet deadlines under pressure
• Understand the importance of privileged and confidential information

Preferred Qualifications:

• Master’s Degree a plus.
• Prior Compliance or Audit experience
• Knowledge of Correspondent Banking activities

FINRA Registrations Required: No
What’s 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, click here
What You Need To Know

• We will review candidates as they apply, so don’t 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;
• 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;
• 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’ office(s) is an essential function of this 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, click here
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’ 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

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

Do you want to discover other BNP Paribas offers in Canada?
Click here: BNP Paribas in Canada | Our job offers

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

Primary Location
CA-QC-Montréal
Job Type
Standard / Permanent
Job
COMPLIANCE
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level
At least 5 years
Schedule
Full-time