Counterparty Due Diligence (CDD) Assistant Manager

Kuala LumpurCentral
01 Nov 2016
31 Dec 2016
Oil and Gas
Contract Type
Full Time
Role synopsis
The Counterparty Due Diligence (CDD) Assistant Manager is responsible to provide assurance of CDD operations in GBS centres according to requirements of the CDD Practice in BP, including the requirement to observe all data privacy regulations. This role is also need to ensure GBS centres maintain a systematic audit trail for all decisions and controlled document retention.

Although hosted by, and reporting through, the Procurement and Cash Management (PCM) tower, the role covers all counterparties including suppliers, customers and agents. This role will be acting as CDD process subject matter expert for GBS centres globally, manage the change control of CDD process in GBS centres.

The CDD Assistant Manager will work closely with Ethics & Compliance and Legal on CDD practice, to ensure GBS centres adherence to new group standard in CDD Practice. This role also needs to work closely with Finance Groups, Procurement Groups, Credit group, Internal/ Control within GBS centre, and interactions at all levels within the supported businesses all the way up to Chief Financial Officer (CFO).

Key accountabilities
  • Understand and operate the CDD process
  • Ensure CDD operations in GBS centres adhere to requirements of the CDD Practice in BP, and consistent across GBS Centres.
  • Participate and contribute to the reviews of the CDD and High Risk Agent Group Control Process (HRAGCP) process with fellow practitioners and subject matter experts from Ethics & Compliance (E&C), Legal, , etc.
  • Actively participate in the CDD practitioner and networking forums.
  • Ensure GBS centres securely store all information in accordance with the requirements of the CDD Practice and HRAGCP ensuring compliance with any data privacy requirements
  • Key contact to Sentinel and control of user access within GBS centres.
  • Escalation point in GBS centres for issues related to CDD process.
  • Provide subject matter expertise to team members or business to ensure appropriate level of rigor is applied to CDD and HRAGCP evaluations of counter-parties
  • Maintain a central consolidated Key Process Indicators for CDD process and input to CDD Governance Board.
  • Responsible for continuous improvement on CDD process in GBS centres.
  • Act as line manager for CDD Compliance Analysts in the local GBS Centre.
  • Act as CDD Process subject matter expert in GBS centres globally, providing change control of CDD process in GBS centres and key contact for E&C, Legal relating to CDD practices in all GBS centres.
  • Playing a significant role in the CDD Standardization project for the duration of that project:
    • Inputting continuous improvement ideas
    • Assisting in the on-boarding and training of similar roles in other GBS centres
    • Assisting in the knowledge transfer to other GBS centres
    • Leading to the transitioning of activities in areas not currently in GBS
  • Leadership Expectations: the role holder is expected to live up to BP's Leadership Expectations; set the tone for the behaviours and actions of the team; manage talent and build processes from the point of building long term capability for the organization; Instill a sense of purpose; set clear direction and boundaries; provide the space for colleagues and partners to be at their best; maximize value for BP.
  • Carry out people management responsibilities in accordance with the organization's policies and applicable laws, including:
    • Plan, assign and direct work.
    • Appraise performance; provide feedback and coaching, and reward and discipline employees.
    • Provide opportunities for learning and self-development, and facilitate the development of technical competencies.
    • Continuously strive to build a culture of high-performance.

Essential Education
Bachelor's degree in Business, Finance, Accounting, or related field; or professional certification such as ACAMS or ICA.

Essential experience and job requirements
  • Minimum 8 years of working experience in CDD/ AML, Compliance, Finance, Accounting, Business or related field.
  • Minimum 3 years of people management
  • Minimum 3 years of experience with CDD/AML or related compliance areas
  • Within 12 months the successful candidate will be expected to obtain an Advance Certificate in Anti-Money Laundering via training and examination.(offered by E&C) or, with prior approval from E&C, an equivalent level of professional certification.
  • Strong written and verbal communication skills - the role requires communication to all levels in the organization.
  • Demonstrated attention to detail and the ability to adhere to process.

Other Requirements (e.g. Travel, Location)

Desirable criteria & qualifications
  • Strong organizational skills.
  • Exceptional analytical skills and demonstrated proficiency in IT applications.
  • Experience working in a fast-paced environment and ability to adapt to changing priorities
  • Courage to say no when appropriate and to speak up when potential issues are observed.

Relocation available

Travel required

Is this a part time position?

About BP
The Global Business Services in Kuala Lumpur (GBS Asia) provides Finance, Tax and IT services to global and regional businesses. The main goal of GBS Asia is to deliver value added services and enhance process transformation for the various businesses in BP. GBS Asia is part of an integrated network of Global Business Service centres that support BP's operations globally to provide cost optimisation and process standardisation through global delivery capabilities and enabling technologies, operational excellence benchmarked to industry standards, and World-class Human Capital Development to build an "Asset Talent Pool" that consistently delivers high quality performance.

Corporate & Functions

Closing Date
[ "31-Dec-2016" ]