Vattenfall BA Markets is looking for a KYC (“Know your customer”) and Quality Officer with placement in Solna, Sweden.
The function is placed within the Compliance team of BA Markets consisting of 3 compliance officers, the manager and the advertised position.
Amongst other things, the team manages the BA Markets’ Know-your-customer (KYC) process. In this process counterparties are scrutinized with regard to risk for money laundering, terrorism financing, lacking social responsibility etc. The team is also responsible for compliance with regulations, which includes tasks such as trainings, controls and the drafting of internal instructions.
Tasks & Responsibilities:
- KYC: The tasks will be to administer and conduct the BA Markets’ KYC process by reviewing and approving counterparties, both at onboarding of the counterparties and on a continuous basis for existing counterparties. Focus is process development and administration (documentation, reporting and coordination) and conduct of an initial standardized counterparty screening routine. Where applicable forwarding of screening request to the compliance and responsible sourcing officers for further assessments. The KYC officer is the contact for the front desk onboarding the counterparties, the compliance and responsible sourcing officers and the KYC Board that consists of manager, to which process adjustments and decisions on high risk counterparties can be escalated.
- Audit coordination: Maintain the overview about ongoing audits within BA Markets and tracking of findings from completed audits. Be the administrative contact for Group audit.
- Administration of the Management System (MS): The BA Markets MS is the steering framework consisting of documented business policies and instructions. The responsibility includes the handling of the approval process and publication for new and updated business instructions.
Requirements:
- A university degree in MBA, economics or law school or relevant experience with KYC screenings
- A generally good understanding of how large companies work is needed to drive the administrative processes and handle resistance and ‘bureaucracy’ aspects.
- Excellent English skills are required, good Swedish skills are desirable
- Experience of reviewing customers/counterparties. In case of no experience the compliance officers will provide a training-on-the-job.
- Working background in the utility or power and energy commodity trading sector is good to have.
About you:
- Self-running and self-motivated with a sense of responsibility and a high degree of confidentiality.
- Enduring attention to details and analytical abilities.
- Sense for organizational and administrational processes.
- Comfortable/confident to interact also with various managers across the organization and overcome resistance (which others can show towards administrational processes).
Location: Stockholm
For more information about the posted job, please contact compliance officer Angelica Olsson, +46 72 557 8558, or recruiter Nidhi Illman, +46 72 702 7861.
We welcome your application including CV and cover letter no later than 12 June 2018
Union representatives:
Lars-Erik Näsman, +4687395685,Unionen, Mozghan Amiri, +46702983370,Unionen
Mikael Sundby, +46705397007, Akademikerna, Marthin Westman, +46705396380, Akademikerna
Our organization:
Business Area Vattenfall Markets is the division where all asset optimisation and trading activities are centralised for the Vattenfall Group. We are located in multiple sites across Europe with more than 600 professionals working from Sweden, Germany, the Netherlands, Denmark and Poland. We trade the full range of energy commodities such as electricity, gas, oil, coal, freight, renewable energies and emissions and take responsibility for a diversified sourcing of power, fuels and carbon credits. We optimise and hedge Vattenfall’s generation assets in order to manage risk efficiently and optimise the portfolio value. These activities are the basis for maximising profitability and ensuring continuous business growth for Vattenfall and its customers
