Paris - Long Term Internship - FIC - KYC Analyst within Financial Institutions Coverage

BNP Paribas Corporate & Institutional Banking (CIB) is a leading European investment bank with global leadership in many of our businesses. We are part of the BNP Paribas Group, a financial institution with solid foundations and a proven ability to adapt to change. If you are thinking about a career in investment banking, there is no better place to begin your journey than with BNP Paribas CIB. With nearly 20,000 employees in over 50 countries, we can offer you an exciting start to your career.

Overview:

The FIC KYC Analyst team supports the day-to-day onboarding and recertfication activities performed by FIC bankers who have Senior Business officer (SBO) responsibility for the KYC approval of FIC strategic clients.

The KYC Analyst team acts as a bridge between Due Diligence, Compliance, the FIC Bankers and the clients to assist with the smooth running of the due diligence process for financial institution clients.

The KYC Analyst teams reports directly to the FIC COO Office.

Main responsibilities:

- Provide guidance to the SBO in respect of KYC requirements of CIB, to ensure that the SBO is aware of what is required and when. It is essential to have a working understanding of the due diligence process to efficiently work around any potential blocking points.

- Keep track of current KYC reviews as well as look ahead to upcoming reviews over the next few months and ensure all required documentation is collected from the client in good time to allow the Due Diligence team to complete the file.

- Ensure not only the requests from the Due Diligence team are followed up but to also follow up on the answers provided. This ensures prompt feedback in case we need to revert to a client and will also mean a quicker, smoother process should emails be missed.

- Manage new business requests received from the Front Office and oversee the KYC process end-to-end. This begins with the completion of the MAOS request through to liaising with the Due Diligence team to ensure timely completion of the process.

- Work closely with the Front Office and potentially directly with clients as required, to obtain all necessary supporting evidence to fulfil KYC due diligence: assess sanctions links and Politically Exposed Persons.

- Help to prepare Client Acceptance Committees (CAC) for High Risk accounts and participate in the meetings if needed.

- Retrieve from public sources and from the clients themselves the statutory and mandatory information in connection with either the onboarding of new clients or their recertification on a timely manner.

- Analyze screening of customers and Ultimate Beneficial Owners stemming from Due Diligence tools and sources (i.e. Worldcheck / World Compliance).

- Keep a log of all the ‘adverse news’ items classified by Compliance and the SBO to avoid repeat questions coming up and the same answer supplied by the SBO.

- Liaise regularly with the business to conduct KYC workload planning, review status of key on boardings and prioritize KYC reviews.

- Frequently interact with key stakeholders such as Compliance and Due Diligence Operations to develop strong partnerships, eliminate roadblocks and ensure continuity of information flow.

- Act as a go-between between Due Diligence and the business to ensure vital requests are not missed and that the SBO provides what is required in a timely manner.

- Keep SBOs and Banking Associates informed of any changes to processes and procedures, regulatory change and ensure dialogue with FIC colleagues across the EMEA region.

- Provide updates on the status of files to FIC Management and escalate any issues where needed.

Potential for increased scope within the role:

- Independently review and evaluate adverse news and escalate to the SBO when deemed necessary. This will greatly reduce the amount of time SBOs use classifying immaterial news. This would result in only the news that is deemed material being forwarded on for the SBO’s opinion.

- Work on change management projects related to the client onboarding and recertification processes.

Skills/experience required:

- Excellent analysis and communication skills.

- Minimum of a Bachelor’s degree or equivalent at grade 2:1 or above.

- At least 2 years-experience in KYC/Due Diligence, Compliance or Middle Office role.

- Experience in dealing with front office staff, including Senior Management.

- Ability to work with limited supervision.

- Flexibility and ability to work to tight deadlines when required (for example, with urgent requests from the Business Line) on the onboarding or KYC review of clients.

- A “can do” attitude.

- Fluent in English.