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 Enablement Lead.

Role Synopsis:

The Counterparty Due Diligence (CDD) Enablement Lead is the CDD Subject Matter Expert (SME) and 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 systematic audit trail for all decisions and controlled document retention

The CDD SME is also responsible for all issues from the CDD analyst and will be the primary CDD point of contact for the relevant business and act as the link between E&C and FBT in cases review.

Key Accountabilities :

Process Leadership

• Take ownership of the CDD and Pre-Qualification Operational process across the centres, specifically for the CDD cases raised due to red flags

• 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.

• Conduct on demand CDD screening for counterparties in accordance with the risk based CDD process.

• 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 analysing subsequent responses and propose the appropriate risk level to be assigned.

• 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

• Understand and assist in operating the High Risk Agent Group Control Process (HRAGCP)

• Responsible for all issues from CDD analyst for cases originated for the segment/business supported. Reviews CDD research carried out by analysts, challenges and advises if appropriate/where further research required

• Primary CDD point of contact for the relevant business for advanced cases, primary contact for E&C (link between E&C and FBT)

• Follow up with business when required (for raised cases) to better understand context and gathers additional information from business where required

• Analyse and assess risk presented by counterparty to BP

• Review and sign-off risk mitigation plans

• Participate in relevant segment CDD forums

• Responsible for reviewing enhanced due diligence outputs

• Ensure Compliance to CDD and Pre-Qualification policy and procedures.

• Drive continuous improvement and efficiency agenda to CDD processes within remit.

• Ensure counterparty data integrity in the systems is preserved and enhanced in line with CDD policy and procedures.

• Actively participate in the CDD and Pre-Qualification practitioner and networking forums.

• Participate and contribute to the reviews of the CDD and Pre-Qualification and High Risk Agent Group Control Process (HRAGCP) with fellow practitioners and subject matter experts from Ethics & Compliance (E&C), Legal,Segment etc.

• Provide subject matter expertise to team members or wider business to ensure appropriate level of rigor is applied to CDD and Pre-Qualification and HRAGCP evaluations of counter-parties

• Work closely with E&C, Finance Groups, Procurement Groups, Credit Group, Internal Control and supported businesses.

• Act as an advisor to E&C, Legal and Segments on CDD subject matters.

Process and Data Integrity

• Ensure that all information is securely stored in accordance with the requirements of the CDD process, and in full compliance with applicable data privacy regulations

• Maintain the consolidated Key Process Indicators for CDD and Pre-Qualification process and input to segment risk heads and E&C.

• Drive system, tools and process standardisation

• Implement process automation

Health, Safety, Security and Environment (HSSE)

• Align with all 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 chip in to successful implementation of HSSE programmes and initiatives

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.

• 7+ years of working experience in CDD and Pre-Qualification / AML, Compliance, Finance, Accounting, Business or related field.

• Excellent written and oral communication skills in English

• Strong partner relationship management skills

• A proactive and dynamic approach

• Ability to communicate and influence across different levels in the organization.

• Engaging and collaborative way of working

• Resilient and experienced in working in a multi-faceted environment