KYC and Quality Officer

Company Description
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
Vattenfall is one of Europe’s largest producers and retailers of electricity and heat. Our main markets are Sweden, Germany, the Netherlands, Denmark, and the UK. The Vattenfall Group has approximately 20,000 employees. We have been electrifying industries, powering homes and transforming life through innovation for more than 100 years. We now want to make fossil free living possible within one generation and we are driving the transition to a sustainable energy system.


Job Description
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 4 compliance officers, a responsible sourcing 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 regularly reviewing and approving counterparties, both at onboarding of new 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 officer for further assessments. The KYC officer is the contact for the front desk before onboarding the counterparties, the compliance and responsible sourcing officers and the KYC Board that consists of managers, 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 and making sure that any audit findings are solved within the time frame agreed.
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.



Qualifications
A university degree in economics or law school or relevant experience with KYC screenings
A generally good understanding of how large companies work is needed to drive these processes
Excellent English skills are required. The job requires a lot of internal communication both within BA Markets but also with other group functions e.g. Sustainability team.
Experience of reviewing customers/counterparties. In case of not being fully experienced within the field, 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 with various managers across the organization.

At Vattenfall, we are convinced that striving for diversity & inclusion helps building a more attractive, efficient, customer centric and profitable company. Therefore we welcome applications from all individuals regardless of age, religious belief, gender identity & expression, sexual identity, disability and ethnic background.


Additional Information
At Vattenfall, we are convinced that striving for diversity & inclusion helps building a more attractive, efficient, customer centric and profitable company. Therefore we welcome applications from all individuals regardless of age, religious belief, gender identity & expression, sexual identity, disability and ethnic background.
Location: Solna
For more information about the posted job, please contact compliance officer Angelica Olsson, +46 72 557 8558, or recruiter Peter Blixter, +46 72 237 32 02.
Trade Union representatives in Sweden Sven-Gunnar Gremlin (Akademikarna), Jens Morell (Unionen) They can be reached via Vattenfall´s switchboard +46 8 739 50 00.
We welcome your application including CV and cover letter no later than November 11th 2022.
Since Vattenfall is part of the Swedish critical infrastructure many of our positions are security classed. If this position is security classed the final candidates can be subject to a security vetting process, according to the Swedish legislation.