Entity:
Finance
Job Family Group:
Job Description:
As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we’re home to a range of brands across many areas of our industry. We’re investing in today’s energy system and helping build out tomorrow’s. So while we’re still in oil and gas, over the next decade we’ll become a different kind of energy company. We’re decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too – working across our industry to improve people’s lives.
It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of finance business & technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at FBT Malaysia. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.
Join our Finance team and advance your career as a CDD SME.
Job Purpose
The Counterparty Due Diligence (CDD) Senior Enablement Lead is responsible for ensuring CDD operations are conducted in accordance with the requirements of the CDD Practice in bp, including the requirement to observe all data privacy regulations and the need to maintain a systematic audit trail for all decisions and controlled document retention
The CDD Senior Enablement Lead is also responsible for all issues from the CDD analyst and will be the primary CDD point of contact for the relevant business and act as the bridge between E&C and FBT in cases review. Additionally, the CDD Senior Enablement Lead will lead the engagements with Legal & E&C and certain businesses in relation to the Group CDD procedure & issues.
Key Accountabilities
Process Leadership
Take ownership of the CDD and Pre-Qualification Operational process across the centres, specifically for the CDD cases raised due to red flags
Understand and operate the CDD process, to ensure accurate and timely delivery of services in accordance with SLAs. Monitor assigned queues in the CDD tool and prioritise workload.
Conduct on demand CDD screening for counterparties in accordance with the risk based CDD process.
Review any matches to establish validity and, if appropriate, recommend next steps which may include moving to a higher level of rigor, or advance – include recommendations on action based on precedents
Ensure that the rationale for all decisions is annotated as needed in the CDD tool
Compile as appropriate and send CDD request forms to counterparties as required, as well as analysing subsequent responses and propose the appropriate risk level to be assigned.
Draft any mitigating actions to be sent to BP business requesters.
Securely store all information in accordance with the requirements of the CDD Practice and policy ensuring compliance with any data privacy requirements
Understand and assist in operating the High Risk Agent Group Control Process (HRAGCP)
Responsible for all issues from CDD analyst for cases originated for the segment/business supported. Reviews CDD research carried out by analysts, challenges and advises if appropriate/where further research required
Primary CDD point of contact for the relevant business for raised cases, primary contact for E&C (bridge between E&C and FBT)
Handle the relevant collaborator relationships within other FBT Services lines, and with the segment teams; as well as owning the engagement with Legal & E&C in relation to CDD related matters & issues
Act as the senior SME within the Enablement space to provide guidance and review issues
Act as the focal point within Enablement to standardize the recommendations & issues amongst SMEs
Collaboration with Operations Leads and Process & Assurance Leads to develop skills and capability within the team that provides developmental opportunities and meaningful career paths for members of the service delivery network.
Follow up with business when required (for raised cases) to better understand context and gathers additional information from business where required
Analyse and assess risk presented by counterparty to BP
Review and sign-off risk mitigation plans
Participate in relevant segment CDD forums
Responsible for reviewing improved due diligence outputs
To approve the assignment of Medium Risk to counterparties
Ensure Compliance to CDD and Pre-Qualification policy and procedures.
Drive continuous improvement and efficiency agenda to CDD processes within remit.
Ensure counterparty data integrity in the systems is preserved and enhanced in line with CDD policy and procedures.
Actively participate in the CDD and Pre-Qualification practitioner and networking forums.
Participate and chip in to the reviews of the CDD and Pre-Qualification and High Risk Agent Group Control Process (HRAGCP) with fellow practitioners and subject matter experts from Ethics & Compliance (E&C), Legal,Segment etc.
Provide subject matter expertise to team members or wider business to ensure appropriate level of rigor is applied to CDD and Pre-Qualification and HRAGCP evaluations of counter-parties
Work closely with E&C, Finance Groups, Procurement Groups, Credit Group, Internal Control and supported businesses.
Act as an advisor to E&C, Legal and Segments on CDD subject matters.
Process and Data Integrity
Ensure all information are stored securely in accordance with the requirements of the CDD process ensuring compliance with any data privacy requirements
Maintain the consolidated Key Process Indicators for CDD and Pre-Qualification process and input to segment risk heads and E&C.
Drive system, tools and process standardisation
Implement process automation
Health, Safety, Security and Environment (HSSE)
Align with all BP’s Health experience, Safety, Security and Environment (HSSE) policies and procedures and all HSSE directions of line manager or HSSE Manager
Participate in HSSE training and discussions, workplace inspections and audits, assist in the resolution of Health & Safety issues, and contribute to successful implementation of HSSE programmes and initiatives
Qualifications
Bachelor’s degree or equivalent experience in Business, Finance, Accounting, or related field; or professional certification such as ACAMS or ICA.
Experience
9+ years of working experience in CDD and Pre-Qualification / AML, Compliance, Finance, Accounting, Business or related field.
Significant experience of people management and handling medium scale operations
Proficiencies
Excellent written and oral communication skills in English.
Strong collaborator relationship management skills
Proactive and dynamic approach
At bp, we provide the following environment and benefits to you:
A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the attitude of giving back to our environment are highly valued
Possibility to join our social communities and networks
Learning opportunities and other development opportunities to craft your career path
Life and health insurance, medical care package
And many other benefits.
We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Travel Requirement
Relocation Assistance:
Remote Type:
Skills:
Legal Disclaimer:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.