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 Senior Analyst.
Role Synopsis
The Counterparty Due Diligence (CDD) Analyst is responsible for ensuring CDD operations, both onboarding & ongoing counterparty due diligence activities are conducted in accordance with the requirements of the CDD Practice for Castrol business, 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.
Key Accountabilities
Process Leadership
- Understand and operate the CDD process, to ensure accurate and timely delivery of onboarding and ongoing due diligence services in accordance with SLAs. Monitor assigned queues in the CDD tool and prioritize workload.
- Conduct on demand CDD screening for Castrol's counterparties in accordance with the CDD process.
- Monitor the continuous monitoring reports for new matches
- Instigate follow-up reviews at frequencies determined by the risk rating for the counterparties or agents
- Review any matches to establish validity and, if appropriate, recommend next steps which may include moving to a higher level of rigor, or raise 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 analyzing subsequent responses and propose the appropriate risk level to be assigned.
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
Health, Safety, Security and Environment (HSSE)
- Align with all company's Health, 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 Follow up with business when required (for raised cases) to better understand context and gathers additional information from business where required.
- 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
- Provide subject matter expertise for the CDD process to requestors to ensure that the appropriate level of rigor is applied to CDD.
- Participate in periodic reviews of the CDD process with fellow practitioners and subject matter experts from Ethics & Compliance, Legal, etc.
- Ensure Compliance to CDD policy and procedures.
- Ensure counterparty data integrity in the systems is preserved and enhanced in line with CDD policy and procedures.
- Any other duties as assigned by management from time to time.
- Implement organizational strategy and support process improvement initiatives
Qualifications
Essential Experience and Job Requirements:
- Bachelor's degree or equivalent experience in Business, Finance, Accounting, or related field; or professional certification such as ACAMS or ICA.
Experience
- Working experience in CDD and Pre-Qualification / AML, Compliance, Finance, Accounting, Business or related field.
- Understand Anti Money Laundering and Anti Bribery & Corruption requirements and ensure compliance
- Excellent written and oral communication skills in English
- Strong stakeholder relationship management skills
- A proactive and dynamic approach
- Managing internal and external collaborators in different countries and across all segments
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!
