Are you our new Head Of Actuarial Reserving & Solvency II 

 
BNP Paribas Cardif – the insurance company for a changing world. By understanding our partners’ core business and needs, we offer tailor-made insurance solutions and create value for our partners – always with the customer in focus. BNP Paribas Cardif Nordic is the insurance unit within the banking group BNP Paribas, one of Europes leading players within bank and finance services.  

We are now looking for you with an analytical and communicative mindset to become our new manager of the Actuarial Reserving & Solvency II team. Someone who shares our commitment and sense of responsibility.  

 

As Head of Actuarial Reserving & Solvency II you will… 

… be responsible for a team of four actuaries and ensure adequate actuarial book closing on a regular basis, respecting current regulatory, legal and corporate frameworks. Prepare actuarial studies and support them with adequate reporting, complying with the company’s profitability / risk policy.  

 

The responsibility will mean to:  

• Be responsible for coordinating the reserving and Solvency II team in the economic and prudential actuarial book closings,
• Be responsible for enabling the team to make its talent available to the company to contribute to its development,
• Analyze the profitability of the insurance portfolios with the required level of detail, facilitate and improve the tools and reports to make decisions,
• Prepare the budget deliveries on income indicators and perform studies on the new business value,
• Communicate actual and forecasted results to executive stakeholders within the organization through actuarial committees,
• Drive efficiency gains with the development of PowerBI dashboards and models in Python,
• Ensure compliance with the regulations for calculating the company’s liabilities (Technical reserves and BEL),
• Be responsible for guaranteeing the information required by the regulator, parent company and auditors.

 

We are looking for… 

… a communicative and structured person with an analytical mind. For you, delivering quality is essential. We believe you are a proactive person, who enjoys leading a team, and can drive the strategy of the department to reach our vision. You inspire and motivate others through your leadership and ability to influence others. You are result- and customer oriented and with your knowledge, you are able to negotiate and take financial decisions.  

Our wishes: 

• Degree in actuarial sciences and/or similar 
• 5 years of experience with an actuarial and/or financial background 
• Excellent Excel skill-set 
• Python skills and/or SAS proficiency is a plus 
• Experience managing large amount of data  
• Fluent in English, Swedish is meritorious

 

Why BNP Paribas Cardif?
 

Imagine an organization, small enough to develop but large enough to handle change. At BNP Paribas Cardif, the business development perspective permeates everything we do and comes with encouragement to drive ideas and space to develop new products and services in a changing world. With 120 employees in Sweden, Norway and Denmark, we develop and deliver risk insurance through partners in the Nordic markets.  

 

If you join us, you will enter into an exciting expansive phase in an international company with a multicultural environment. Brining your experience and expertise into the organization, you will have the opportunity to make a difference all while being surrounded by committed and wonderful colleagues. 

In addition to that, we also offer beneficial pension plan, wellness allowance, floating work free days, exercising on working hours, Benify’s portal for benefits, competence development and social activities and events.  

About BNPP: 

BNP Paribas is the European Union’s leading bank and key player in international banking. We operate in 63 countries and have nearly 183,000 employees globally. 

Our mission is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards. We offer secure, sound and innovative financial solutions to individuals, professional clients, corporates and institutional investors while striving to address the fundamental challenges of today with regard to the environment, local development and social inclusion.

About BNPP in the Nordics

BNP Paribas is the global bank with the strongest presence on the ground in the Nordic region. We have close to 900 employees based locally in the Nordics and offer our clients a wide range of services through our business units; BNP Paribas Corporate and Institutional Banking, Arval, BNP Paribas Asset Management, Alfred Berg, BNP Paribas Cardif, BNP Paribas Factor, BNP Paribas Leasing Solutions, and BNP Paribas Personal Finance.

BNP Paribas Corporate & Institutional Banking (CIB) offers corporates, institutions and public-sector clients a wide range of services from daily banking to value-added products and sophisticated investment banking solutions. Within CIB, Corporate Coverage Sweden works with large Swedish corporates across all sectors, including high growth clients and supports Swedish subsidiaries of foreign multinational companies.

About this opportunity  

Within BNP Paribas Corporate & Institutional Banking, the Swedish Corporate Coverage team is seeking a positive, commercially oriented, and analytical candidate to join the team as Coverage Analyst. The team is composed of 11 employees with different seniority levels and based in central Stockholm.

Main scope of the role 

What you will do   

Relevant experience and requirements 

• You hold a relevant master’s degree with strong academic results with 1-2 years of working experience. Candidates with a bachelor’s degree and particularly relevant work experience or candidates with CFA will also be considered. 
• You are curious, positive, have analytical mindset and a real interest in the financial markets, enjoy having a diverse working day including numerical and administrative tasks 
• You appreciate working on projects with colleagues from different backgrounds and countries where you will have the opportunity to challenge your analytical skills, working agility and resilience. 
• You possess excellent communication skills in English and elementary skills in Swedish (or any other Scandinavian language).
• You possess basic knowledge of the Swedish and broader Nordic corporate market and a good understanding of the culture.

BNP Paribas offers a stimulating and international working environment. “Clients first”, strong ethics, and diversity in the workplace are at the core of our values. This opportunity offers the right candidate a great career start, an excellent insight into the global financial world, opening a wide range of career opportunities across the group and flexible working conditions. 

If this position sounds interesting, please send your CV and include a cover letter (both in English).  

Hiring Manager  

Emma Mardi, Head of Corporate Coverage Sweden

HR BP

Patrik Eriksson, Senior HRBP 

Diversity Statement

As the Bank for a changing world, we truly believe that promoting diversity makes it better. We welcome all talents and empower them to prosper in an inclusive workplace. Join us and bring your full self to work with your own experience and identity!

KYC-related role:

•    Manage the KYC process of client onboarding and recertification, communicating directly with client and in close collaboration with Relationship Managers and Compliance Departments. 

•    Coordinate the collection of all required KYC and Regulatory documents from the client after ensuring that all available information in the bank has been checked

•    Ensure that the performed KYC process is in line with BNPP Group KYC policy, including identification of missing documents, performing of all necessary checks (PEPs, sanctions, adverse information) and assessments, identification of Ultimate Beneficial Owners, analysis of the information and general assessment of the client profile.

•    Communicate effectively the status to the client and all stakeholders, and act as internal escalation point, when necessary.

•    Monitor and control the quality of KYC related information available in the bank systems and liaise with the relevant internal counterparties, if remediation actions are required.

Coordination role:

•    Act as a Single Global Point of contact for clients, providing dedicated guidance throughout their onboarding and recertification journeys

•    Act as a liaison between all stakeholders in the onboarding and recertification processes (ie Client, Coverage, Business lines, KYC Service Centers, Compliance, Middle-Office teams) and organize alignment meetings, as necessary

•    Coordinate the collection of all required documents and information directly from the client (related to KYC, account opening, cash management set-up, etc.)

•    Reduce the overall lead time of the full onboarding and recertification processes by managing and avoiding bottlenecks

•    Follow up the internal processes and procedures related to account opening and cash management set-up.

•    Manage large scale projects (onboarding and KYC recertification of multiple entities from the same business group, prioritization of the pipeline), incl. organize & maintain an up-to-date process plan and involving/informing all involved stakeholders

•    Work closely with teams from other territories in relation to KYC, account opening and cash management set-up in other locations, sharing information as necessary

•    Continually seek ways to improve the end-to-end process and journey by leveraging on client feedback

SKYCO role

•    Act as first level of control in reviewing, advising and validating KYC due diligence assessment

•    Acts as a subject matter expert to support DD team members in the implementation of KYC policies, procedures and guidelines from Compliance and GCS. 

•    Data control and KYC file review: Validates correct data entry into the KYC tools based on the due diligence conducted and controls the format and content of the documentation to ensure adherence to KYC guidelines. If needed, refers to relevant team members to highlight data inconsistency, and suggests methods of resolution. 

•    Decision and follow-up: Liaises with Compliance, RMs and other stakeholders for KYC approval. Arranges, prepares and documents Client Acceptance Committee (CAC) and coordinates CAC meeting. Coordinates with KYC teams in other locations to streamline the multisite KYC approval process. Ensures the completeness of any follow-up conditions.

•    Identifies root causes impacting the KYC quality and identifies training needs for individual team members

•    Ensures timely escalation and owns proposed course of action to address identified risks and blocking points. 

•    Overviews the full KYC file analysis and approval and ensures all executed processes are delivered as per the applicable guidelines. 

•    Degree in Business, Finance or other relevant field

•    Minimum 2 years relevant work experience, preferably with Client Onboarding or Recertification and KYC requirements 

•    Experience in Project coordination / implementation is an advantage

•    Experience in managing or servicing external client relationships is an advantage

•    Good knowledge of MS Office, esp. MS Word and Excel

•    Fluent in English 

•    Scandinavian language is an advantage

Your profile:

•    Excellent communication skills, both verbal and written

•    Solid analytical skills and strong risk awareness

•    Time management, planning and organizational skills 

•    Proactive with focus on problem solving; propose improvements and changes

•    Team player while able to work autonomously

•    Flexible and eager to learn 

•    Ability to work under tight deadlines