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Entity:
Finance
Job Family Group:
Procurement & Supply Chain Management Group
Job Description:
Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.
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 at bp. 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.
About the role
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 detailed 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 bridge between E&C and FBT in cases review.
In this role You will
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.
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 raised cases, primary contact for E&C (bridge 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 improved 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 improved in line with CDD policy and procedures.
Actively participate in the CDD and Pre-Qualification practitioner and networking forums.
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 all information are stored securely in accordance with the requirements of the CDD process ensuring compliance with any data privacy requirements
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 BP’s 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 contribute to successful implementation of HSSE programmes and initiatives
What You will need to be successful
Bachelor’s degree or equivalent experience in business, Finance, Accounting, or professional certification such as ACAMS or ICA.
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 leadership 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 & 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 ShareMatch 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.
Disclaimer: Please note that, according to Hungarian law (2012/I. 113. §), mothers or single parents caring for a child under three years of age cannot be employed in night shift positions.
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:
Agility core practices, Agility tools, Agreements and negotiations, Analytical Thinking, Business Acumen, Contract Creation, Contract handover and implementation, Contract Management, Digital Fluency, Negotiating, Negotiation planning and preparation, Project Management, Sourcing strategy, Stakeholder Management, Supplier Performance Management, Supplier Relationship Management, Supplier Selection
Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.
