CDD Enablement Lead

Job summary

Entity : Finance

Job Family Group :

Procurement & Supply Chain Management Group

Job Description :

As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we're home to a range of brands across many areas of our industry. We're investing in today's energy system and helping build out tomorrow's. So while we're still in oil and gas, over the next decade we'll become a different kind of energy company. We're decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too – working across our industry to improve people's lives.

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 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 at FBT Malaysia. And 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 Finance team and advance your career as a CDD Enablement Lead.

Role Synopsis :

The Counterparty Due Diligence (CDD) Enablement Lead is the CDD Subject Matter Expert (SME) and 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

The CDD SME is also responsible for all issues from the CDD analyst and will be the primary CDD point of contact for the relevant business and act as the link between E&C and FBT in cases review.

Key Accountabilities :

Process Leadership

Take ownership of the CDD and Pre-Qualification Operational process across the centres, specifically for the CDD cases raised due to red flags

Understand and operate the CDD process, to ensure accurate and timely delivery of services in accordance with SLAs. Monitor assigned queues in the CDD tool and prioritise workload.

Conduct on demand CDD screening for counterparties in accordance with the risk based CDD process.

Review any matches to establish validity and, if appropriate, recommend next steps which may include moving to a higher level of rigor, or raise – include recommendations on action based on precedents

Ensure that the rationale for all decisions is annotated as needed in the CDD tool

Compile as appropriate and send CDD request forms to counterparties as required, as well as analysing subsequent responses and propose the appropriate risk level to be assigned.

Draft any mitigating actions to be sent to BP business requesters.

Securely store all information in accordance with the requirements of the CDD Practice and policy ensuring compliance with any data privacy requirements

Understand and assist in operating the High Risk Agent Group Control Process (HRAGCP)

Responsible for all issues from CDD analyst for cases originated for the segment / business supported. Reviews CDD research carried out by analysts, challenges and advises if appropriate / where further research required

Primary CDD point of contact for the relevant business for advanced cases, primary contact for E&C (link between E&C and FBT)

Follow up with business when required (for raised cases) to better understand context and gathers additional information from business where required

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 enhanced due diligence outputs

Ensure Compliance to CDD and Pre-Qualification policy and procedures.

Drive continuous improvement and efficiency agenda to CDD processes within remit.

Ensure counterparty data integrity in the systems is preserved and enhanced in line with CDD policy and procedures.

Actively participate in the CDD and Pre-Qualification practitioner and networking forums.

Participate and contribute to the reviews of the CDD and Pre-Qualification and High Risk Agent Group Control Process (HRAGCP) with fellow practitioners and subject matter experts from Ethics & Compliance (E&C), Legal,Segment etc.

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

Work closely with E&C, Finance Groups, Procurement Groups, Credit Group, Internal Control and supported businesses.

Act as an advisor to E&C, Legal and Segments on CDD subject matters.

Process and Data Integrity

Ensure that all information is securely stored in accordance with the requirements of the CDD process, and in full compliance with applicable data privacy regulations

Maintain the consolidated Key Process Indicators for CDD and Pre-Qualification process and input to segment risk heads and E&C.

Drive system, tools and process standardisation

Implement process automation

Health, Safety, Security and Environment (HSSE)

Align with all Health, Safety, Security and Environment (HSSE) policies and procedures and all HSSE directions of line manager or HSSE Manager

Participate in HSSE training and discussions, workplace inspections and audits, assist in the resolution of Health & Safety issues, and chip in to successful implementation of HSSE programmes and initiatives

Experience and Job Requirements :

Bachelor's degree or equivalent experience in business, Finance, Accounting, or related field; or professional certification such as ACAMS or ICA.

7+ years of working experience in CDD and Pre-Qualification / AML, Compliance, Finance, Accounting, Business or related field.

Excellent written and oral communication skills in English

Strong partner relationship management skills

A proactive and dynamic approach

Ability to communicate and influence across different levels in the organization.

Engaging and collaborative way of working

Resilient and experienced in working in a multi-faceted environment

At bp, we provide the following environment and 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

Learning opportunities and other development opportunities to craft your career path

Life and health insurance, medical care package

And many other benefits.

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.

Travel Requirement

No travel is expected with this role

Relocation Assistance :

This role is not eligible for relocation

Remote Type :

This position is a hybrid of office / remote working

Skills :

Agreements and negotiations, Analytical Thinking, Building sustainability, Category spend profiling, Category Strategy, Commercial Acumen, Communication, Cost modelling, Decision Making, Digital fluency, Market Analysis, Negotiation planning and preparation, Sourcing strategy, Stakeholder Management, Supplier Selection, Sustainability awareness and action, Value creation and management

Legal Disclaimer :

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity / neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment / accommodation related to bp's recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment / accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.