The Financial Crimes Prevention (FCP) Assurance team is a key part of the Global AML & ABC, and Sanctions function within BP’s Integrated Supply & Trading (IST) strategic business unit, supports the oversight of Anti-Money Laundering (AML), Anti Bribery & Corruption (ABC), Sanctions, and Combating Terrorist Financing (CTF) compliance program; collectively referred to as financial crimes prevention (FCP).
Manage and lead the assurance programmes for financial crimes prevention, in fast moving and dynamic energy commodity business units, providing a high quality, timely and risk management assurance activities covering the following areas: anti money laundering, know your counterparty (KYC) due diligence, counterparty transactions monitoring, and sanctions monitoring procedures across all IST business units globally. IST business activities cover currently Global Oil America (GOA); Global Oil Europe (GOE); Global Oil Eastern Hemisphere (GOEH); International Gas (IG) and North America Gas & Power (NAGP) business units. The role is responsible for performance of thematic reviews and targeted assurances checks over sanctions monitoring, counterparty transactions monitoring, due diligence activities conducted by other IST units including Ethics & Compliance (E&C), Counterparty Due Diligence (CDD) team; Settlement; iDATA; Contracts; Legal; and Operations units on a risk sensitive basis.
The role is also responsible for providing assurance to support the oversight of the GAMLO /MLRO in respect of AML/KYC activities that are being performed by other functions such as CDD, E&C, Settlement, iDATA, Contracts, and Operations and front line staff. This is to ensure that the activities and processes of these functions continue to operate in conformance with internal procedures and compliance with applicable regulatory requirements; and ensuring that adequate records supporting the effectiveness of the systems and controls are maintained to support assertions made to IST management, internal and external authorities.
The job holder will be required to provide on the job assistance and guidance to a team member, assisting /supporting and advising the business units in meeting their financial crime prevention obligations and taking appropriate steps to ensure general compliance and escalating issues timely to the GAMLO /MLRO, Regional Compliance Directors, CFOs, CDD Head and Business Heads as appropriate.
Assist the GAMLO /MLRO in executing and delivering the required assurance program over FCP activities;
Provide strategic inputs on designs and implementation of FCP assurance programs and objectives in line with the overall IST’s FCP risk management strategies;
Execute the annual FCP assurance plan by conducting thematic and target reviews of systems and control processes and procedures operating within IST;
Act as the face of the FCP Assurance team, working collaboratively with other teams within the business, looking to continuously improve QA and regulatory compliance
Collaborate with other control and compliance teams working as one team in delivering the overall annual FCP assurance plan;
Write and communicate succinctly outcomes of assurance reviews to stakeholders across the business;
Recommend corrective actions including process change, training and performance management; and
Monitor and report progress on corrective actions to enable GAMLO and senior management to take appropriate decisions
The incumbent will also assist the GAMLO /MLRO in managing and coordinating other FCP activities across all IST locations. The role holder will also act as a senior AML /KYC and Sanctions Technical Advisor and may be required to approve exceptions /escalations on AML /KYC issues as may be delegated by the GAMLO.
Essential experience and job requirements
self-starter with ability to lead and drive projects through to a successful conclusion;
Experience as a Quality Manager within a regulated business environment is essential for this position;
Background of working in AML, Sanctions, ABC, and general FCP activities;
Strong understanding of best practices in financial crimes prevention systems and controls;
Demonstrate awareness and sound technical knowledge of FCA regulation;
Ability to conduct targeted and thematic policies and procedures reviews;
Well-developed report writing, verbal and written communication and presentation skills;
Recommend corrective actions including process change, training and performance management;
Strong competency in working with and /or analysing data including using MS office packages (Excel, Word, PowerPoint, Visio, etc); and
Ability to work in a dynamic environment with less supervision.
Other Requirements (e.g. Travel, Location)
There are no additional requirements. Please respond with N/A below.
Desirable criteria & qualifications
Strong business awareness particularly in commodities trading environment
Ability to multi task and manage multiple projects at once
Strong analytical skills
Excellent organisational skills
Excellent softer skills e.g. listening, communication and presentation skills (both written and oral)
Is this a part time position?
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.
Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.
IST Finance operates in support of IST's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. IST Finance is an integral function within BP's global oil and gas trading and supply activities. It is accountable for short term planning and for all financial and middle office control and reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards. IST Finance operates around 3 Global processes: Accounting & Reporting, Trade Completion and Product Control and operates seamlessly with the Risk function to support the business.
IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
Integrated Supply & Trading