Where you fit inTrading & Supply (T&S) is deeply committed to comply with financial crime laws and regulations globally. Know Your Customer (KYC) processes remains a key focus area for T&S.
As part of the T&S Commercial Operations Counterparty Onboarding team, the CDA member is responsible to assure the KYC status of all counterparties relating to Commercial Operations through various activities as defined by the T&S KYC Standards. This role will actively engage and comply with data privacy requirements and be culturally sensitive to personal identifiable information belonging to our counterparties.
What's the role? - The T&S KYC Standards document the counterparty due diligence (CDD) controls to identify and manage potential financial crime risk. This role supports Commercial Operations to comply with the T&S KYC Standards for counterparties involved in the operations and settlements process of the "Life of a Deal".
- Develop an understanding of the Trading & Supply compliance systems and controls including a working knowledge of the Financial Crime policy and procedures and perform the end-to-end activities to successfully onboard, maintain or offboard a counterparty.
- Interface directly with counterparties including vessel owners via various channels of voice or email. Manage the CDD process with external counterparties using excellent customer service and communication skills.
- Leverage a strong understanding of counterparty documentation and what creates financial crime risk: a) Internally: communicate clearly with the commercial operations teams how the CDD process works, and collaborate closely with them to set expectations on timescales ; b) Externally: during counterparty outreach, clearly explain what documentation is required, being sensitive to any local requirements that deviate from T&S KYC Standards
- Ability to research on an entity using disparate and moderately functioning internal systems, various excel tracers and unstructured data.
- Prepare documentation to support management approval and discussion, highlighting significant financial crime risks and/or High-Risk Political exposed person relationships.
- Perform the step-by-step processes contained in the COF Procedures and manage data with various KYC systems, spreadsheets, or templates
- Assess request type, coordinate with Finance and Data Ops (FO Data) on various activities
- Understand General Data Protection Regulation (GDPR) on sensitive and confidential information, and T&S's data privacy requirements on data acquisition, retention and destruction
What we need from you- Minimum 1+ years hands-on experience of counterparty due diligence is a must, with knowledge of global financial crime regulatory and legal requirements.
- Experience in the due diligence process for banks an added advantage.
- In addition to English, near native speaker of other languages to translate documentation to business English advantageous.
- Culturally aware, with solid written and verbal communication skills as the role engages with a wide range of stakeholders.
- Analytical, sharp, investigative mindset and experience in desktop research required, such as assessing adverse media reports.
- Financial Crime/AML industry certification is an advantage.
- Knowledge of the global Energy markets (Products, Gas, Power, Crude), trade financing function and financial markets is desirable.
- Motivated self-starter, collaborative, learner mindset, responsive.
- Flexible work arrangements to support a global/follow-the-sun team.
Compliance is a foundation of the way in which T&S does business and therefore integrity is one of the fundamental values that we are seeking as part of the Financial Crime Team. We believe integrity is the hallmark of a person who demonstrates sound moral and ethical principles during their work. Integrity is the foundation on which co-workers build relationships, trust, and effective interpersonal relationships. It is essential that the successful candidate will be able to give clear examples of integrity as one of their core values.
If you don't see yourself fully reflected in every job requirement listed on the posting above, we still encourage you to reach out and apply. Research has shown that not everyone applies when they don't feel 100% qualified. We are committed to creating a more equitable, inclusive, and diverse company and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
Company DescriptionShell Nederland BV is a platform for international collaboration, with Shell offering direct employment to around ten thousand people in the Netherlands alone, including roughly 2,800 non-Dutch employees from around 80 countries. Diversity is key at Shell Nederland, and our employees reflect the innovation that stems from a diverse workforce. By joining Shell Nederland, you will benefit from an unrivalled industry-leading development programme that will see you tap into a pool of expert knowledge that will help propel your career. Shell Nederland is the holding company of most Shell companies operating in the Netherlands. Shell Nederland also has an advisory and coordinating role in numerous areas.
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