CDD Lead - Parental Cover

CDD Lead

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you'll be fully connected into the world of bp. You'll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you.

There's a world of opportunities to build new skills, challenge yourself and grow a long-term career  no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we're with you.

Join our Counter party Due Diligence Team in Budapest and advance your career as a CDD Lead. Please note that this role is a parental cover position, offered for a fixed-term contract approximately until December 2028.

The role holder is responsible for accurate, timely and effective on-boarding of new counter parties, and periodic CDD review of already existing counter parties of bp's trading and shipping (ST&S) organization. Responsible for the operation of robust control processes over quality of CDD records as well as AML/ABC/CTF/sanctions risk associated with counter parties. The CDD lead works closely with regional CDD teams, the commercial organization, Ethics and Compliance, legal teams and other functions within FBT (e.g. reference data and settlements).

This role will also ensure that the on-boarding and periodic review process meets UK and International AML/KYC regulatory standards and bp and ST&S policies.

Consistent with finance strategy, this role should drive efficiencies through automation and process improvements and capability development of the team.

In this role you will:

• Conduct thorough KYC due diligence on new and existing counter parties.
• Manages own portfolio of existing counter parties to be refreshed and/or priorities of new counter party on-boardings.
• Maintain accurate and complete KYC/AML due diligence records on new and existing counter parties.
• Applies a robust risk approach and forms sound judgment calls, recommendations.
• Raise all concerns and issues to senior CDD levels as appropriate.
• Ensure effective compliance with bp's AML Standards in reviewing (four eye check) and approving counter party files.
• Maintain effective interaction with key collaborators in other units / business areas of S T&S as well as counter parties directly.
• Under supervision, may manage an activity at the team level within established guidelines and standards.
• Influence and initiate improvements to current CDD processes to increase control and efficiency.
• Assist (under supervision and direction) with design and implementation of special KYC/AML projects.
• Support implementation of KYC /AML operating procedures.

What you will need to be successful:

• Relevant finance or legal degree and
• Several years of experience in control, compliance, or finance area
• Experience from KYC/AML control functions, and CDD experience ideally within a financial services or commodities trading business
• Knowledge of KYC/CDD/AML risks and controls
• Good analytical, process and project management skills
• Ability to make risk-based decisions and/or recommendations.
• Strong interpersonal and communication skills.

At bp, we provide the following environment & benefits to you:

• Different bonus opportunities based on performance, wide range of cafeteria elements
• Life & health insurance, medical care package
• Hybrid working arrangement aligned with team arrangements and business needs
• Opportunity to build up long term career path and develop your skills with wide range of learning options
• Celebrate in bp's success. You may be eligible to join bp's Global Share Match plan. This non-contractual benefit lets employees buy bp shares and receive matching shares, in line with plan rules
• Family friendly workplace e.g.:
  Extended parental leave, Mother-baby room
• Employees' wellbeing programs e.g.:
  Employee Assistance Program, Company Recognition Program
• Possibility to join our social communities and networks
• Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.:
  Play Zones, Office massage, Sport and music equipment

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!

At bp, 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 fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees' lives that are meaningful, so we offer benefits to enable your work to fit with your life.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure…