CDD Enablement Lead
Full time
at BP p.l.c.
in
Online
Posted on May 8, 2024
Job details
bp is a global company that offers a world of opportunities for both professionals and graduates. You can expect world-class training, the flexibility to realise your full potential and a reward and benefits package that we believe is second-to-none
From the people who chart our course to those who put our plans into action, bp is an exciting place to be for anyone who wants to be part of the global energy business
Search for jobs below and register for our talent community to keep up to date with bp and our latest roles. This role is not eligible for relocation Entity: Finance Job Family Group: Procurement & Supply Chain Management Group Job Description: Join us in a crucial time of transition! We are bringing all of our finance and procurement activities for the group into one place, enabling better work! For you this means working with us on:- Compliance – efficiently delivering external reporting requirements to ensure we continue to meet our regulatory obligations in all jurisdictions, supported by robust control environment across all three lines of defence.
- Stewardship – laying out a robust finance framework and providing ongoing management of the balance sheet and portfolio execution, supported by effective advocacy to the market.
- Performance – facilitating the effective allocation of capital, development of business plans and coordination of business performance interventions to ensure a consistent delivery between strategic aspirations, operational forecasts and delivered outcomes. Furthermore, you will be responsible for value creation through mergers and acquisition-led deals, commercial negotiations and integration of business opportunities.
- Transformation – driving digital transformation (centralising, digitising, optimising) across all elements of the finance entity to achieve sector-leading cost-performance.
Summary of Role
The Counterparty Due Diligence (CDD) Enablement Lead 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 and controlled document retention You will also handle all blocking issues from the CDD analyst and will be the point of contact for the relevant business and act as the liaison between E&C and GBS in cases review.What You Will Do
- Take ownership of Operational process across the centres, specifically for the CDD cases raised due to red flags
- Understand and ensure accurate and timely delivery of services.
- 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
- 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 improved due diligence outputs
- To approve the assignment of Medium & High Risk to counterparties
- Drive continuous improvement and efficiency agenda to CDD processes within remit.
- 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
What you will bring
- 7+ years of working experience in CDD, Pre-Qualification / AML, Compliance, Finance, Accounting, Business or related field.
- Strong stakeholder relationship management skills.
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