Senior Associate – Transversal Risk Management

March 11, 2024

Senior Associate – Transversal Risk Management


  • Standard / Permanent
  • IN-MH-Mumbai
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Job Description – Transversal Risk Management (TRM) – KYC & Non KYC Control Testing

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group:

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line/Function:

ISPL Compliance Hub as a department was established in November 2013 at ISPL in Mumbai, India with the hire of a department head. The ISPL team provides support on compliance administrative level tasks to BNPP compliance teams globally.The scope of work includes offshoring administrative and Level I support to functions such as:

·       Training Support

·       Capital Markets Surveillance

·       Employee Personal Account Dealing

·       Electronic Communications Surveillance

·       Offshoring/Outsourcing Coordination

·       Projects & System Support

Job Title:

Compliance Officer




ISPL Compliance Hub



Business Line / Function:


Reports to:




(if applicable)



Number of Direct Reports:


Directorship / Registration:


Position Purpose

ISPL Compliance Hub is focused to protect the reputation of the Group and effectively manage risk across all business areas by providing support to various Compliance functions. At present the department is broadly organized into divisions which embed into the areas they support to provide services for Global Compliance Training, Capital Markets Surveillance, Electronic Communication Surveillance, Transversal Risk Management(TRM), Compliance Migrations Co-Ordination, Personal Account Dealing, MIS and Projects support. The team works closely with business partners in CIB and the wider group. 


Direct Responsibilities

·       Work with 1LoD conducting period reviews of existing customers, to confirm the information on file, reconfirm customers ownership structure, conduct PEP/negative news and sanctions check to ensure KYC completeness, accuracy and quality/readiness.

·       Provide advice and interpretation on specific KYC compliance policies, procedures and topics, considering both the spirit and intent of applicable law.

·       Work closely with Country Compliance to ensure any repairs or additional information required is sought in a reasonable timely manner particularly in the context of Client Acceptance Committee (“CAC”) or Coordinated CAC.

·       Collaborate with Country/Regional Compliance covering KYC to help ensure consistency in interpretation and application of existing and new regulatory requirements.

·       Able to quickly size KYC compliance issues (e.g. overdue/non compliant files) and trouble spots, and influence related remediation activities including timely closure of action plans developed in response to adverse audits and regulatory examinations.

·       Perform AML/Sanction compliance control testing, based on 2nd level Group Compliance Control Plans, on the following domains:

Financial Sanctions

Anti Money Laundering / CFT

Market Integrity

Protection of Client Interests

Professional Ethics

Fiscal laws and Banking Regulations

·       Escalate issues and exceptions items noted during the controls

·       Ensure close collaboration with the domain Leads in the TRM team who are responsible for the definition of the control methodology and accountable for the adequate execution of the controls.

·       Communicate with Local and regional Compliance teams as required for the execution of the controls and the presentation of the results

·       Track status of corrective action plans agreed with Country Compliance

·       Maintain detailed and organised documentation of work products

·       Coordinate with other professionals in the organisation, including other Compliance teams, as necessary

·       Assist in special projects as needed, including but not limited to, project planning and project management particularly on the centralised KYC repository tool front. Support management with regulatory exams and Inspection Generale as needed.

Contributing Responsibilities

·       Comply with procedure and other relevant policies/ procedures of BNP Paribas group and regulations, and industry best practice.

·       Collaborate and work in tandem with team members and relevant stakeholders

·       Be supportive and adoptive to changes of procedures and scope of work

·       Meet the QA requirements and the expected daily alert closure volume

Technical & Behavioral Competencies

·       Extensive AML/Sanction/KYC experience, including subject matter expertise on all these profiles regardless of entity type and risk level. Must be well versed in these entity types, potential risk factors and how this plays into the AML/KYC requirements that must be fulfilled for each entity.

·       Preferably, at least 5 years of working Audit experience with 3 years of AML/Sanction/KYC Compliance experience.

·       Formal training or qualification in AML/Sanction/KYC would be beneficial.

·       Sound understanding of AML/Sanction/KYC principals and be well versed in Asia Pacific, EU landscapes.

·       Able to move to and from different clients (and therefore different requirement scenarios), reports and projects throughout the day, which requires a high degree of flexibility and strong prioritization skills.

·       Must have strong interpersonal skills, a flexible, collaborative and team-oriented approach to problem-solving and an ability to work in a fast-paced, rapidly changing environment, and preferably with some experience of dealing in multiple countries in Asia Pacific.

·       Have extensive research skills to aid in establishing and/or validating required information and documentation.

·       Ability to work in a team as well as independently

·       Good communication skills and eager to learn

·       An ability to write concisely and clearly; and to produce clear constructive advice under pressure and within short timeframes. 

Specific Qualifications (if required)

·       Bachelor’s degree or higher from an accredited institution

·       Audit experience or qualifications in finance or accounting.

Skills Referential

Behavioural Skills:

Ability to collaborate / Teamwork

Communication skills – oral & written

Critical thinking


Transversal Skills:

Analytical Ability

Ability to develop and adapt a process

Ability to develop others & improve their skills

Ability to set up relevant performance indicators

Ability to develop and leverage networks

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 5 years

Other/Specific Qualifications (if required)

ACAMS equivalent Certifications is preferred.

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