Position Purpose

This is a position under Compliance Financial Security domain to provide compliance oversight and control to contribute in money laundering/terrorist financing/sanction risk management of the Bank.

 

Direct Responsibilities

–        Report to Head of Financial Security & KYC Compliance China and serve as Financial Security compliance officer in providing compliance advisory, oversight and support covering all business activities on ML/FT/Sanctions risk management as well as KYC;

–        Familiar with and keep abreast of changes in local AML regulatory requirements and Group FS policies/procedures, and disseminate any changed to affected businesses, updating local FS compliance policies/procedures to give compliance advisories;

–        Acting as compliance officer in post transaction monitoring process to identify, investigate and report suspicious activity and transaction, and escalate any material risk relevant information to higher-level compliance and senior management of the bank;

–        Contributing in local transaction monitoring system construction and fine-tuning to give compliance advice, opinion and request in transaction monitoring rule & model setup, rule & model review, system testing, incident identification and investigation and etc.;

–        Contribute in respective IT projects under or involving FS compliance domain for request raising, liaison, testing, incident assessment, etc.;

–        Advising all métiers and KYC Operations team on implementation of Group KYC Policies and Segment Policies, particularly in conjunction with the requirements of the China AML regulations and the European Directives;

–        Supporting the métiers on assessing and advising on KYC analysis for sensitive clients;

–        Acting as local FS compliance to give advice or make compliance judgement in name screening and transaction filtering control process in respect of sanctions violation alert management;

–        Contribute and conduct periodic Compliance and Control testing, contribute to ML/TF and sanction risk assessment of the bank;

–        Coordinate Money Laundering/Terrorist Financing/Sanctions risk assessment as leading department member.

Contributing Responsibilities

–        Coordinating, implementing and enhancing AML/CTF and Sanctions compliance monitoring tools controls/objectives as well as, risk assessments in various current reporting processes, and suggesting enhancements to current reporting mechanisms;

–        Assisting in handling internal audit and regulatory/law enforcement agency requests/investigations in the areas of AML/CTF & Sanctions Compliance in China;

–        Supporting the AML/CTF and Sanctions training efforts in China, as well as initiatives to enhance the online training programs and promote AML/CTF & Sanctions Compliance awareness and culture;

–        Organizing AML/CFT education to clients and public according to local regulatory requirements;

–        Contributing local regulatory reporting on AML/CFT and related issues.

Position Purpose:
 * To conduct audit work in accordance with the IG methodology and ensure high standard of deliverables
 * To contribute to risk assessment of audit units based on knowledge obtained through assignments as well as day-to-day contact with auditees
 * To follow through with auditee on implementation of recommendation

Direct Responsibilities:

  1. Participate in the audit team assignments and special reviews (when required by regulators, business lines, or senior management)

 Head of Assignment

 – Lead the assignment / review in accordance with BNPP Internal Audit Guidelines, International Professional Practices and established internal communication protocol.

– Plan, oversee and co-ordinate the work performed to ensure optimal resource allocation and efficient completion of assignment by preparing the methodology, collating raw data, obtaining past recommendations, preparing meetings with auditees, etc.

– Assess the key risks of the audited areas and coordinate the team to identify weaknesses in governance, risk management and control in those areas and raise appropriate findings and recommendations.

 – Review work done by audit team to ensure that the work scope objectives are achieved.

 – Complete the audit report within the recommended timeline.

 – Escalate to the Supervisor unresolved matters or disputes with the auditees for timely resolution.

  Auditor of Assignment

 – Assist in documentation gathering for the assignment.

 – Assist in assessing the key risks of the audited areas and identify weaknesses in governance, risk management and control in those areas by carrying out appropriate evaluation and tests.

– Raise appropriate findings and provide appropriate value-added recommendations to mitigate identified risks.

 – Complete and file investigation working papers for easy retrieval to substantiate work performed.

2. Review the implementation of the Inspection Générale recommendations

– Validate the implementation of recommendations and maintain audit trail of correspondences with auditees in respect of all implementation.

  3. Contribute to the risk assessment of covered activities and planning

 • Perform a periodic and comprehensive risk assessment of the covered activities as per the Group guidelines.

 • Keep abreast of change/new development of regulatory requirements that are relevant to the covered activities and related functions.

 • Assist in the elaboration of the audit planning following a risk-based approach.

  • Regularly communicate with and keep supervisors posted on significant events in relation to activities within the base location.

  4. Direct contribution to BNPP operational permanent control framework.

Contributing Responsibilities

• Contribute to the improvement of the Inspection Générale practices through the elaboration and update of our methodologies.

Direct Responsibilities

• Direct contribution to BNPP operational permanent control framework.
• Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan.
• Comply with regulatory requirements and internal guidelines.
• Contribute to the reporting of all incidents according to the Incident Management System
• Ensure audit recommendations are resolved within the specific timeline.

Business Responsibilities

• Responsible for the submission all regulatory reports, data, announcements, and information disclosure of the asset management business of securities companies (CSRC, PBoC, AMAC, and SAC); complete the submission and information disclosure of regular regulatory reports and temporary regulatory reports in a timely and accurately.
• Responsible for compiling the process manual of asset management business information disclosure business and improving the design of information disclosure process.
• Responsible for account setting, OTC transaction confirmation, capital settlement and other business operations of the investment trading system.
• Responsible for the daily EOD settlement of investment trading system and other business operations of the investment trading system.
• Responsible for the account management of the fundraising and TA settlement account and the custody account, including but not limited to account opening, authorization, fund transfer, reconciliation, de-register, etc.
• Responsible for reviewing the data of TA/FA business results and daily business management.
• Responsible for reviewing the terms of operation such as asset management plan contracts, business agreements, and operating memo.
• Closely follow the relevant laws, regulations and regulatory policies of the asset management business, and conduct research on regulatory information disclosure.
• Cooperate with IT to complete the OPS business system requirements or system upgrade testing.
• Complete other tasks assigned by the OPS head.
• For all staff other than managers (permanent control aspects):

• Direct contribution to BNPP operational permanent control framework.
• Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan.
• Comply with regulatory requirements and internal guidelines.
• Contribute to the reporting of all incidents according to the Incident Management System.
• Ensure audit recommendations are resolved within the specific timeline.
• Ensure compliance with Company’s policies/procedures and regulatory requirements, in particular with regards to the KYC responsibilities and duties, as per relevant policies and procedures, and the summary of responsibilities list attached hereto.

Technical & Behavioral Competencies

Responsibilities

Key Internal / External Relationships

Technical & Behavioral Competencies