Counterparty Due Diligence (CDD) Analyst

Job description

Role synopsis

Accountable for conducting thorough due diligence on prospective counterparties across two fast moving and dynamic energy commodity business units in Integrated Supply & Trading (IST). The role is responsible for the delivery of effective and efficient Know Your Counterparty (KYC)/Anti-Money Laundering (AML) procedures including completion of quality due diligence reviews for new counterparties, advising the business on CDD related issues, and driving timely monitoring of existing counterparties for the Global Oil America (GOA) & North America Gas & Power (NAGP) businesses. In addition, the successful candidate will be required to support the business units in meeting their KYC/AML due diligence obligations and take appropriate steps to ensure general compliance and timely escalation of issues to the CDD Manager.

The CDD team is responsible for ensuring accurate, timely, and effective due diligence processes, covering KYC/AML, Anti-Bribery & Corruption (ABC), and Sanctions monitoring activities of new trading counterparties and regional facilitation of KYC record maintenance for existing trading counterparties. The North America CDD team is a key part of the Global CDD function within BP's IST strategic business unit, responsible for the Anti-Money Laundering and Combating of Terrorist Financing compliance program.
Req ID

84876BR
Location

United States - Texas - Houston
Is this a part time position?

No
Relocation available

No
Travel required

No
Key accountabilities

·  Accountable for conducting thorough KYC/AML due diligence on prospective counterparties across both the Oil and Gas businesses
·  Ensures effective compliance with the IST AML Policy & Procedure in reviewing and approving new and existing counterparties
·  Accountable for the escalation of all concerns and issues as appropriate and follow up to assist with satisfactory resolution
·  Influence and initiate improvements to CDD processes to drive efficiency and effectiveness across all CDD procedures
·  Develop and maintain effective interaction and communication with business and functional stakeholders across multiple locations
·  Provision of a high quality customer oriented service to IST's North American businesses
·  Accountable for understanding and providing a timely response to issues and queries raised by IST business units in North America
·  Support the delivery of special projects within the Global CDD function, as required
About BP

Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.

IST Finance operates in support of IST's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. IST Finance is an integral function within BP's global oil and gas trading and supply activities. It is accountable for short term planning and for all financial and middle office control and reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards. IST Finance operates around 3 Global processes: Accounting & Reporting, Trade Completion and Product Control and operates seamlessly with the Risk function to support the business.

IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
Application close date

07-Nov-2017
Sub-category

Account Opening
Job category

Finance
Countries (State/Region)

United States - Texas
Disclaimer

If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test (and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process. The drug screen requires a hair test for which BP must be able to obtain a sufficient hair sample for analysis (~4 cm/1 ½” scalp, or > 2 cm/¾” body – arms & armpits/legs/chest)

As part of our dedication to the diversity of our workforce, BP is committed to Equal Employment Opportunity. Applicants will receive consideration for employment without regard for race, color, gender, religion, national origin, disability, veteran status, military status, age, marital status, sexual orientation, gender identity, genetic information or any other protected group status. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us or have one of your representatives contact us at or by telephone at 281.366.1999.

Read the Equal Employment Opportunity is the Law poster and the poster supplement - for more information about Equal Employment Opportunities. ( Spanish version )

BP is an equal employment opportunity and affirmative action employer. View our policy statement .

Essential experience and job requirements

·  Strong team working capabilities
·  ability to support and appropriately challenge team members
·  ability to foster effective teamwork and collaboration
·  Proven experience in identifying continuous improvement opportunities with ability to support implementation of innovative solutions
·  Experience of working within a service oriented business environment across multiple locations
·  Proven ability to communicate and influence across a wide range of stakeholders
·  ability to establish rapport and develop strong relationships with a wide network of front office staff, other key internal stakeholders and external customers
·  excellent oral and written communication skills
·  Strong technical capabilities
·  strong understanding of the KYC/AML rules and regulations and the practical applications in a dynamic and commercial environment
·  knowledge and experience of conducting CDD for a wide range of complex counterparties
·  diverse experience in dealing with KYC/AML/ABC/Sanctions issues or problems and providing guidance and advice to the business
·  ability to work within a virtual team ensuring effective operations of KYC processes
Other Requirements (eg Travel, Location)

There are no additional requirements. Please respond with N/A below.
Eligibility Requirements

If you are applying for a position in the United States, you must be at least 18 years of age, legally authorized to work in the United States; and not require sponsorship for employment visa status (e.g., TN, H1B status), now or in the future.

Desired profile

Essential Education

Bachelor's Degree or educated to degree level
Desirable criteria and qualifications

·  Knowledge of financial and physical commodities/energy trading instruments across both Oil and Gas businesses
·  Membership of a technical or professional KYC/AML body will be an added advantage