Global Head of TA KYC Transformation (M/F)

May 7, 2024

Global Head of TA KYC Transformation (M/F)

ReferenceTA KYC 2024 04

  • Standard / Permanent
  • Luxembourg
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BNP Paribas has a presence in 65 countries, with close to 190,000 employees, including nearly 148,000 in Europe.

The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.

In this context of its growing, our investor KYC department is hiring a

Global Head of TA KYC Transformation (M/F)
Permanent Contract

Working environment & Role:
As integral part of our Transfer Agent service offering, the investor KYC function secures regulatory compliance for investor “know-your-customer” diligence, whilst onboarding and periodically recertifying the investor records of our traditional UCITS, our Private Capital and Hedge fund clients. This position is for a Global Head of TA KYC Transformation role in the context of a transformational project consisting in deploying a dedicated investor lifecycle management platform.

You demonstrate suitable skills and experience in actively improving investor onboarding and AML re-certification process.

You can design solutions requirements in line with the strategic vision and internal/external clients’ expectations
You can demonstrate capacity to influence people and ensure buy-in from all stakeholders

You combine a large autonomy with the necessary attention to detail.

You have strong communication skills, you are a team player and have a collaborative mindset

The role is Luxembourg based with a global remit, covering all operational project needs across UCITS, Private Capital and Hedge Funds.

Post-project delivery, this role will pilote the maintenance and evolution of the investor lifecycle management platform. 

Our Offer:

Excellent internal training and career development.

An entrepreneurial working environment giving priority to collaborative work.

A challenging role within a renowned organization.

Flexible working arrangement.

A multicultural environment where we promote diversity, talent & ideas.

The ability to work and interact with a wide variety of specialists

Your mission:

Working within a global project governance, you will play a leading part in coordinating the work of the operational stream, which includes designing the most optimal TOM (Target Operating Model), a POC (Proof of Concept), an MVP (Minimum Viable Product), UAT testing, input into the business case and of course engaging with Compliance on a standard policy.

You will manage the Luxembourg based operational project resources, both internal staff and external consultants, in addition to the Poland based internal staff who will work fulltime to ensure we meet our scheduled project delivery.

You will be accountable for the definition and priority setting of the operational requirements with the objective to maximise the value delivered.

The key operational priorities include:

–         Deliver a working POC covering key operational requirements to prove out the model

–         Input into business case and sign off

–         Together with IT, design an efficient TOM for all types of funds and key jurisdictions incl client & investor experience

–         Define the transition plan to arrive at final TOM

–         Establish / adapt operational procedures (incl. audit, ISAE considerations), control framework, process mapping & training for staff

–         Input into Luxemburg regulatory filing / approval in advance of go live

–         Deploy an MVP (Minimum Viable Product) for Luxemburg UCITS as first priority

–         Onboard a Pilot Client on MVP version

–         Conduct the first TOM iteration (service model, best practices)

–         Ensure readiness level of operational BAU teams

–         Contribute to establish / adapt standard AML Procedure in cooperation with Compliance

–         Contribute to the definition of a migration plan for existing and new clients

Contribute to market & client communication plan

Your profile:

University degree or equivalent, in law, finance or economics.

Professional Experience:
5 to 10 years’ experience in compliance/AML KYC in the UCITS and/or Private Equity, Real Estate, Debt, Infrastructure industry, with specific knowledge of local AML/KYC requirements in Luxembourg (any other jurisdictions would be an advantage).

You have strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in the legal industry in Luxembourg

Good knowledge of E.U AML CFT requirements and sanctions

Behavioural Skills:
Excellent communication skills, both written and verbal

Team player adaptable to fast-paced and changing environment

Good planning, time management and priorisation skills

Ability to take initiative and contribute to process improvement

Transversal Skills :
Strong decision-making, problem solving capabilities, critical thinking, and analytical skills
Ability to understand, explain and support change
Ability to anticipate business / regulatory evolution
An ability to articulate regulatory and corporate requirements to clients and investors

Language Skills:
Fluent in English (French, or any other language would be an advantage)

During the finalization of the recruitment process, the preselected candidate will be asked to provide us an extract from his/her criminal record dated less than 3 months (record N°3 for Luxembourg), according to the dispositions of the law from July 23rd 2016 regarding the criminal record