Payments & Sanctions Specialist (Night Shift)

Job description

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,600 employees, of which almost 155,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. 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, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.

BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

www.cib.bnpparibas.com

Business Overview:

Payments and Clearing Solutions (PCS) provides a full array of International and Domestic Cash Management Services (Customer Payments, Financial Institution Transfers, ACH and Check Collection Services) to our international and domestic banking customers and internal departments. Additionally, is responsible for a broad range of monitoring, regulatory screening and reporting functions for operational control and end-of-day reconciliation. PCS processes on a regional platform, where a portion of US activity is processed in Montreal and a portion of Montreal’s activity is processed in New York. This is being done for a number of reasons, the most important of which is for business continuity and resiliency. PCS is comprised of the following sub departments: Payments & Level 1 Sanctions, Sanctions Enforcement and Exceptions, Client Support Services, PMO/Orga and Data Governance.

Sanctions Enforcements and Exceptions – The group is responsible for addressing any escalations of messages that are identified as “hits” against the sanctions lists and manages those transactions through completion or escalate them to Level 3 processing.

Responsibilities:

· Perform a Level 2 review of transactions that are referred to the OFAC Exception queue for potential sanctions violations.
· Manage the OFAC Exception queues in order to ensure our deadlines are being met.
· Conduct investigation on payments that need to be held for regulatory reasons pending additional information.
· Conduct investigation on payments that are held by the next bank in chain for regulatory reasons.
· Ensure adherence to all external regulatory and internal policy guidelines as dictated by the position.
· Review and analyze wire transfers, ACH payments and non-payment SWIFT messages escalated by Level 1 for potential sanctions violations.
· Ensure that all transactions escalated for Level 2 review are compliant to all external and internal regulations and policies.
· Investigate and collect required information on payments that are held by the bank in adherence to various policies and regulations.
· Investigate and collect required information on payments that are held by the next bank in chain for regulatory reasons.
· Monitor case investigations making sure that proper follow-up is being made and responses are being addressed in a timely manner.
· Analyze information obtained from case investigations to make a clear determination on the proper course of action to be taken on the payment.
· Ensure that payments held are effected properly in accordance to the outcome of the investigation.
· Validate file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately.
· Add/modify/delete entities as requested by the USFS team.
· Participate in the department’s educational program through tutorials, training sessions, etc.
· Ensure SEE operations are conducted in the safest and most efficient manner possible.
· Maintain the highest possible regulatory standards of quality, while minimizing risk to both the Bank as well as to our customers.
· Make recommendation for procedural changes where deemed necessary.
· Keep abreast of changes, both regulatory and operational, which will have an impact on the department and the Bank.
· Work closely with the U.S. and Group Financial Services, Legal and the Treasury in performing wire transfer searches or handling regular case investigations when deemed necessary.
· Communicate with our customers and clients to expedite investigations.
· Escalate complex case investigations to the Team Leader.
· Extended hours/holidays may be required at times to meet operational needs.
· Make direct contribution to BNPP operational permanent control framework.

Desired profile

Qualifications :

Minimum Required Qualifications

·  Associate/BA degree from accredited college/university.
·  2 to 3 years of experience in a similar role in the international banking industry.
·  Must be available ot work night shifts, Monday to Friday.
·  Experience in OFAC and Sections investigation will be considered and asset.
·  Strong understanding of Regulatory awareness, and the regulations that govern it.
·  Knowledge of International wires transfers, SWIFT and local clearing systems.
·  Knowledge of Funds Transfer operations as well as the rules and regulations that govern it.
·  Excellent communication, verbal and written skills, as well as, attention to detail and accuracy.
·  Self-motivated and ability to multi-task in a high-volume and fast-paced environment.
·  The candidate must possess knowledge and basic understanding of MS Word, MS Excel, MS Outlook, MS PowerPoint

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.