Due Diligence Officer KYC | BNP Paribas

DUE DILIGENCE OFFICER

BNP Paribas Group is the top bank in the European Union and a major international banking establishment. It has close to 185,000 employees in 65 countries. In Spain we are more than 5,100 employees within 13 business lines.

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 directly reports to the KYC Manager of the Madrid KYC Hub and ultimately to the Head of KYC - Madrid Hub.

As a Due Diligence Officer in the Corporate and Investment Banking (CIB) division, you will play a critical role in evaluating and mitigating risks associated with business transactions. Your primary responsibility will be to conduct thorough due diligence on potential and existing clients, counterparties, and transactions to ensure compliance with regulatory requirements and internal policies of BNP Paribas.

The Due Diligence Officer will work closely with cross-functional teams, including relationship managers, legal teams, and compliance officers, to facilitate informed decision-making and maintain the integrity of the bank's operations as well as, safeguard against potential risks.

The ideal candidate will possess strong analytical skills, attention to detail, and a comprehensive understanding of the discipline and key concepts of the function (KYC).

RESPONSABILITIES

1. Conduct Comprehensive Due Diligence :

• Perform KYCs on new customers, recertification of existing customers and off-boarding,
• Analyse financial statements, legal documents, and other relevant information to assess risk factors including the identification of the Ultimate Beneficial Owners (UBOs) and Politically Exposed Persons (PEPs),
• Conduct comprehensive due diligence on new and existing clients, counterparties, and transactions to assess potential risks,
• Monitor the follow-up elements, especially those related to documentation,
• 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),
• 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 with Policy,
• Review embargoes, Vigilance to detect PEPs, and utilize other databases according to the local practice,
• Is responsible for the execution of individual tasks

2. Risk Assessment :

3. Documentation and Reporting :

4. Training :

5. Communication and Collaboration :

6. Continuous Improvement :

7. Regulatory Compliance :

BENEFITS

Diversity and inclusion commitment

BNP Paribas Group in Spain 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.