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Due Diligence Officer

April 24, 2024

Due Diligence Officer

ReferenceNL CIB 786

  • Fixed Term
  • NL-NH-Amsterdam
  • CUSTOMER RELATIONSHIP MANAGEMENT
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BNP Paribas
 
BNP Paribas is a leader in banking and financial services in Europe. The Group is present in 75 countries worldwide and employs more than 185,000 employees. Our Group has two complementary core activities, providing strategic strength and assuring the bank financial solidity: Retail Banking & Services and Corporate & Institutional Banking.
 
BNP Paribas Corporate & Institutional Banking offers corporates and financial institutions financial solutions in the field of financing, risk management and advisory. Corporate & Institutional Banking aims to develop long-term relationships with her clients and accompany them throughout their business and investment strategies.
 
In the Netherlands BNP Paribas is one of the largest and leading non-Dutch banks. Thanks to our global network combined with our local expertise, we unlock business opportunities across the world for our clients.
 
For our Client Management department in Amsterdam we are looking for a

Due Diligence Officer

The position

Within BNP Paribas the Netherlands, the Due Diligence Team’s objective is to be the interface for clients subject to the KYC (Know Your Customer) due diligence onboarding or recertification process. The goal, for this team, is to ensure a global and consistent service to clients, whilst maintaining proper risk management in the area of KYC due diligence.

The main responsibilities of a Due Diligence Officer are to:

  • Mitigate integrity risks for the bank by contributing to the risk assessment of (potential) business relationships based on (international) regulations against money laundering and terrorist financing, financial sanctions, and embargoes.

  • Work independently on end-to-end KYC due diligence processes, providing expert advice to relevant businesses.

  • Collect, analyze, verify and archive legal and Know Your Customer (KYC) documentation, identify Ultimate Beneficial Owners (UBOs) and Politically Exposed Persons (PEPs).

  • Review and check (potential) clients on international financial sanctions lists.

  • Comply with and follow up on (international) regulatory requirements, such as the Foreign Account Tax Compliance Act (FATCA) and Markets in Financial Instruments Directive (MiFID).

  • Communicate independently and professionally with external and internal clients and stakeholders on all KYC related matters.

  • Contribute to the implementation and controls for daily processes and assist with the update of procedures.

Requirements

  • Bachelor’s/Master’s degree.

  • Minimum of one year relevant work experience, preferably in a client-facing position.

  • Affinity with the financial sector and basic understanding of due diligence and (international) Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) regulations.

  • Excellent communication and interpersonal skills.

  • Strong analytical skills and strong risk awareness.

  • Team player, independent, hardworking, eager to learn and accurate.

  • Dutch (native or willing to learn) and fluent English (mandatory). French or any other language is an asset.

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