Entity:

Finance

Job Family Group:

Procurement & Supply Chain Management Group

Job Description:

Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably in is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

About the role

Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably in is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

About the role

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 detailed audit trail for all decisions and controlled document retention

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

Key Accountabilities

• 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 critical 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 raised cases, primary contact for E&C (bridge between E&C and FBT)
• Follow up with business when required to better understand the context and gathers additional information from business where required
• Analyze and assess risk presented by counterparty to BP

Review and sign-off risk mitigation plans

Participate in relevant segment CDD forums

• Responsible for reviewing improved 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 improved 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 counterparties
• 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 all information are stored securely in accordance with the requirements of the CDD process ensuring compliance with any data privacy requirements
• 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 standardization
• Implement process automation

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

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 programs and initiatives

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

Why join our Team?

We support our people to learn and grow in a diverse and ambitious environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly.

Reinvent your career as you help our business meet the challenges of the future. Apply now!

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 bp’s 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.