Due Diligence Officer Kyc Hub Bnp Paribas

BNP Paribas is an international bank with leading positions in the European market. It is present in 74 countries and employs more than 192,000 people, 146,000 of whom are in Europe. The Group holds key positions in its three main areas of activity: Domestic Markets and International Financial Services (whose retail banking and financial services network is part of Retail Banking & Services), as well as Corporate & Institutional Banking, which offers services to corporate and institutional clients. The Group supports its customers (individuals, entrepreneurs, SMEs, large companies and institutions) to help them carrying out their projects by providing financing, investment, savings and insurance services.
In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is number one in retail financing in Europe.
BNP Paribas is developing its integrated retail banking model in the Mediterranean countries, Turkey, Eastern Europe and has an important network on the US West Coast. In both its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas has leading positions in Europe, a strong presence in the Americas and a solid and growing network in the Asia-Pacific region.

BNP Paribas Corporate & Institutional Banking provides large companies, multinationals and financial institutions with various solutions in the areas of advisory, financing, transactional banking, capital markets, settlement, clearing and custody of securities, asset and fund management services and solutions for corporate issuers. It has 620 professionals in Spain with offices in Madrid, Barcelona, Bilbao and Coruña. The entity has a network present in 56 countries.

The Due Diligence Officer (DDO) directly reports to the KYC Squad Team Leader of the Madrid KYC Hub. The DDO’s primary tasks are collecting, gathering, assessing and following up on Know-Your-Customer (KYC) documentation in line with current BNP Paribas policies and legislation. Furthermore, its primary focus is to act as the first level of control in reviewing, advising and validating on KYC due diligence assessment of prospective and existing clients. The DDO is also accountable for ensuring all relevant stakeholders sign-offs.

**MISSION**:
The Due Diligence Officer directly reports to the Team Manager of the Madrid KYC Hub. The Due Diligence Officer’s primary tasks are collecting, gathering, assessing and following up on Know-Your-Customer documentation in line with current BNP Paribas policies and legislation.
Key relationships / Interaction Internal:
All employees including management.Strong link with Relationship Managers and Compliance staff External:
External: suppliers & clients, authorities, other BNPP branches.

**RESPONSIBILITIES**:

- Collect, analyze, verify and archive legal and Know Your Customer (KYC) documentation, identify Ultimate Beneficial Owners (UBOs) and Politically Exposed Persons (PEPs) and check sanction and embargo information; Complete the KYC in Fenergo

Fully adhere to BNP Paribas Compliance, Financial Security (Know Your Customer “KYC”, Anti-Money Laundering “AML”, Anti-Bribery and Corruption “ABC” and Sanctions), Conduct & Risks policies.

Contribute to evaluating the sensitivity of the customer under the supervision of the SBO concerned;

Ensure entry of the name of the customers and of the beneficial owners/directors and other representatives on the various databases; perform the relevant Background checks in accordance to Policy

Review embargoes, Vigilance to detect PEPs, and utilize other databases according to the local practice;

Propose a classification of the PEPs (High-risk or not);

Analyze, verify (and archive) legal documents such as dealing mandates and guarantees (enhanced signature check);

Comply with and follow up on (international) regulatory requirements, such as the Foreign Account Tax Compliance Act (FATCA), AEOI (CRS) and Markets in Financial Instruments Directive (MiFID);

Monitor the follow-up elements, in particular those related to the documentation;

Trigger the recertification/ review on behalf of the SBO (especially for the scheduled recertifications);

Liaise with external and internal clients and stakeholders on KYC related matters;

Challenge Relationship Managers regarding KYC matters;

Assist team leader with ad hoc projects;

Train newcomers;

Perform review/analysis of customers with a focus on high risk customers;

Perform 4-eyes checks when relevant seniority achieved;(SKYCO Function-Senior KYC Officer role)

Regular status reporting.

**REQUIREMENTS**:
**Training**:

- University (Bachelor/Master degree)level - with legal affinity or other relevant working experience

**EXPERIENCE**:

- 2 - 4 years (preferable) Type of experience required: Preferably two years of successful relevant work experience; preference for Due Diligence experience.

**Languages**:

- English:Fluent
- Spanish:Intermediate