Counterparty Due Diligence (CDD) Analyst

Kuala LumpurCentral
15 Nov 2016
14 Jan 2017
Oil and Gas
Contract Type
Full Time
Role synopsis
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 systematic 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.
  • Conduct on demand CDD screening for counterparties in accordance with the risk based CDD process.
  • Monitor the continuous monitoring reports for new matches.
  • 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
  • Ensure that the rationale for all decisions is annotated as needed in relevant systems.
  • Securely store all information in accordance with the requirements of the CDD Practice and policy, ensuring compliance with any data privacy requirements
  • Instigate follow-up reviews at frequencies determined by the risk rating for the counterparties or agents
  • Ensure documentation is kept current for any changes to the processes.
  • Prepare and provide input to the regular reports, as required by management.
  • Proactively acts to understand business reporting needs and identify solutions to non-standard tasks/ queries.

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

Essential experience and job requirements
  • Minimum 3 years of working experience in CDD/ AML, Compliance, Finance, Business or related field.
  • Good written and verbal communication skills, as the role requires communication to all levels in the organization.
  • Demonstrated attention to detail.
  • Good analytical skills and in using MS Excel.
  • Able to work on shift
  • Experience working in a fast-paced environment and ability to adapt to changing priorities

Other Requirements (e.g. Travel, Location)
There are no additional requirements. Please respond with N/A below.

Desirable criteria & qualifications

Relocation available

Travel required
Negligible travel

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
[ "14-Jan-2017" ]