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Form of workBusiness 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.
Candidate Success Factors:
Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Able to influence peers and team.
- Demonstrates good judgement when making decisions of high complexity and impact.
- Exercise appropriate autonomy in the execution and delivery of work.
- Responsible for driving outcomes, which have meaningful effect on team or department.
- Leadership and Collaboration:
- Creates trust with colleagues.
- Acts in leadership capacity for projects, processes, or programs.
- Client, Customer and Stakeholder Focus:
- Able to build relationships with a mix of colleagues and clients.
- Interacts regularly with management and department leaders.
- Demonstrates the ability to influence stakeholders at the team level.
- Compliance Culture and Conduct:
- Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
- Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
Responsibilities:
- Night Shift 10pm-7am
- 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.
- Perform other support operations functions to other areas within the bank as required.
- 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.
- 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.
- 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
- Ensure all payments comply with BNP Paribas group payment transparency policy.
- 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.
- Prepare and analyze various reports as needed
Minimum Required Qualifications:
- Associate/BA degree from accredited college/university.
- 2 - 3 years' experience in OFAC and Sanctions investigation.
- Strong understanding of Regulatory awareness, and the regulations that govern it.
- Proficient knowledge and understanding of the OFAC processes and procedures.
- Knowledgeable of Funds Transfer operations as well as the rules and regulations that govern it.
- (This will include CHIPS, Fedwire, SWIFT, LYNX and ACH).
- 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
Preferred Qualifications:
- ACAMS/ACSS certified.
FINRA Registrations Required:
- Not Applicable
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
- Not Applicable
SEC Security-Based Swap Dealer Associated Person:
- Not Applicable
The expected starting salary range for this position is between $69,000 to $82,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location. Please note there is also a 15% night time differential.
In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.
This application will remain open until a candidate has been selected for the role. There is no specific application timeline.
About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.
BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/
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.
