Job summary
Entity:
Finance
Job Family Group:
Procurement & Supply Chain Management Group
Job Description:
Job Purpose
The Counterparty Due Diligence (CDD) Analyst 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 detailed audit trail for all decisions and controlled document retention
Key Accountabilities
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.
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 escalate include recommendations on action based on precedents
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.
Understand and assist in operating the High Risk Agent Group Control Process (HRAGCP)
Provide subject matter expertise for the CDD process to requestors to ensure that the appropriate level of rigor is applied to CDD and HRAGCP evaluations of counter-parties
Participate in periodic reviews of the CDD or HRAGCP process with fellow practitioners and subject matter experts from Ethics & C, Legal, etc.
Ensure Compliance to CDD and Pre-Qualification 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.
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 BPs Health, Safety, Security and Environment (HSSE) policies and procedures and all HSSE directions of line manager or HSSE Manager
Qualification & Experience and Competencies
Bachelors degree or equivalent experience in Business, Finance, Accounting, or related field; or professional certification such as ACAMS or ICA.
5+ 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
Excellent written and oral communication skills in English.
Strong partner relationship leadership skills
Proactive and multifaceted 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.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment.
Dont hesitate to get in touch with us to request any accommodations.
Travel Requirement
No travel is expected with this role
Relocation Assistance:
This role is not eligible for relocation
Remote Type:
This position is a hybrid of office/remote working
Skills:
Agreements and negotiations, Analytical Thinking, Building sustainability, Category spend profiling, Category Strategy, Commercial Acumen, Communication, Cost modelling, Decision Making, Digital fluency, Market Analysis, Negotiation planning and preparation, Sourcing strategy, Stakeholder Management, Supplier Selection, Sustainability awareness and action, Value creation and management
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 bps 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.
