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CDD Senior SME

CDD Senior SME

  • Location Hungary - Central - Budapest
  • Travel required Negligible travel
  • Job category Finance Group
  • Relocation available No
  • Job type Professionals
  • Job code 138383BR
  • Experience level Intermediate
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Job summary

The Counterparty Due Diligence (CDD) Senior SME is responsible for accurate, timely and effective on-boarding of new counterparties, and periodic CDD review of already existing counterparties of trading and shipping (T&S) organization. CDD Senior SME is repsonsible for the operation of robust control processes over quality of CDD records as well as AML/ABC/CTF/sanctions risk associated with counterparties. The CDD Senior SME works closely with regional CDD teams, the commercial organization, Ethics and Compliance, legal teams and other functions within GBS (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 T&S policies.
Consistent with finance strategy, this role should drive efficiencies through automation and process improvements and capability development of the team.

Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our world-class team?

Join our Trading&Shipping function and advance your career as a Counterparty Due Diligence Senior SME


The CDD team is responsible for ensuring effective onboarding of new trading counterparties. The team also carries out periodic review of existing counterparties and ensures that records are accurately maintained in an efficient manner.
This role is required to cover US hours partially - until 10 pm CET approximately


In this role You will:

  • Conduct thorough KYC due diligence on new and existing counterparties
  • Manages own portfolio of existing counterparties to be refreshed and/or priorities of new counterparty on-boardings.
  • Applies a robust risk approach and forms sound judgment calls, recommendations.
  • Escalate 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 counterparty files.
  • Maintain effective interaction with key stakeholders in other units / business areas of T&S as well as counterparties directly.
  • Under supervision, may manage an activity at the team level
  • 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.
  • Coaching and guidance of CDD analysts and peers.
In this role we have the following requirements:
  • Relevant finance or legal degree and minimum of 4 years of experience in control, compliance, or finance area
  • Fluent English and Spanish knowledge is desirable
  • Experience from KYC/AML control functions, ideally within a financial services or commodities trading business is preferred
  • Good analytical, process and project management skills
  • Ability to make risk-based decisions and/or recommendations.
  • Strong interpersonal and communication skills.
  • Ability to guide and coach CDD Analysts and peers
At bp, we provide the following environment & benefits to you:
  • A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the attitude of giving back to our environment are highly valued
  • Possibility to join our social communities and networks
  • Chill-out and collaboration spaces in a stylish office environment
  • Learning opportunities, other development opportunities to craft your career path
  • Different bonus opportunities based on performance, wide range of cafeteria elements
  • Life & health insurance, medical care package
  • Company laptop
  • Phone for private usage
Opportunity to work from home: up to 2 days / week based on team agreement

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