CDD Lead- Fixed term

We are a global energy business involved in every aspect of the energy system. We are working towards delivering light, heat and mobility to millions of people, every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low carbon future. Join us and be part of what we can accomplish together. You can participate in our new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero.

In Hungary, we operate bp’s Global Business Services (GBS) organization which is an integrated part of bp. Our people want to play their part in solving the big complex challenges facing our world today and, guided by our bp values, are working to help meet the world’s need for more energy while lowering carbon emissions. In our offices in Budapest and Szeged, we work in customer service, finance, accounting, procurement, HR services and other enabling functions – providing solutions across all of bp. Join our team, and develop your career in an encouraging, forward-thinking environment!

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 Procurement Team and advance your career as a

CDD (Counterparty Due Diligence) Lead- Fixed-term 

Trading and Shipping (T&S) is bp's face to the traded markets for bp in oil, gas, power, chemicals and finance.

The Counterparty Due Diligence (CDD) Lead is responsible for accurate, timely and effective on-boarding of new counterparties, and periodic CDD review of already existing counterparties of T&S.  The CDD lead is responsible 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 lead works closely with regional CDD teams, the commercial organization, Ethics and Compliacne, legal teams and other functions within GBS (e.g. reference data and settlements).

Please note that this is a fixed-term position, and will require work in shifts!

In this role you will:

• Conduct detailed KYC due diligence on new and existing counterparties.
•  Manage own portfolio of existing counterparties to be refreshed and/or priorities of new counterparty on-boardings.
• Maintain accurate and complete KYC/AML due diligence records on new and existing counterparties.
• Apply 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 counterparty files. 
• Maintain effective interaction with key collaborators in other units / business areas of T&S as well as counterparties 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.
• Support implementation of KYC /AML operating procedures.
• Assist in delivering short- and long-term goals for the team. 
• Coach and guide CDD analysts and peers.

What you’ll need to be successful: 

• Proficiency in English
• Ability and willingness to work in shifts
• Relevant finance or legal degree 
• Proven experience of 6+ years 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.
• Ability to work and deliver as part of a team in a fast-paced environment.
• Ability to guide and coach CDD Analysts and peers.
• Ability to work with digital technology confidently.

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
• Flexible working schedule: home office up to 2 days / week, based on team agreement
• Opportunity to build up long term career path and develop your skills with wide range of learning options
• 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
• Assets like phone for private usage and company laptop are provided from the first day of employment with other equipment if requested

bp Hungary won the Most Attractive Employer 2023 Award (SSC / BSC sector) third time in a row at PwC's annual employer research. Come and join us!