Assistant Manager- Operational Risk Officer – Ispl

Assistant Manager- Operational Risk Officer – Ispl

Bnp Paribas 2

Assistant Manager- Operational Risk Officer – Ispl

Details of the offer

About BNP Paribas Group:
BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees.The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships".

About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

About Businessline/Function :
RISK Presentation
Risk Coverage:
RISK perimeter encompasses credit and counterparty risk, market risk, funding and liquidity risk, interest rate and FX risk of the Banking book, insurance risk and operational risk.
RISK covers all Group's activities and geographies.
To provide a holistic view of the risk profile to the Bank's management and Board, RISK coordinates with the relevant control function(s) to ensure relevant risk assessment, aggregation and reporting.

The current position is under Operational Risk coverage.

RISK is a key part of the Bank's internal control framework
RISK accompanies the Group's development

RISK ensures the risk taking policy and the risks generated by the Bank's activities comply and are compatible with its strategic objectives

RISK is one the 4 integrated control functions of the Group

RISK is the second line of defense over the Group's risk management activities
The Chief RISK Officer (CRO) reports to the CEO and is a permanent member of the Group Executive Committee
The CRO has a direct and independent access to the board

An integrated and independent function. Close relationship with the Business Lines : INDEPENDENCE and PROXIMITY

A de-concentrated organization, adapted to each business
Constant discussion with the businesses to advise and challenge them on their risks

An integrated and independent function. Close relationship with the Business Lines : RISK OBJECTIVES

· Accompany the Group's development with a business-minded spirit
· Provide a fast, complete and reliable information on our risk profile
· Offer high quality risk management expertise to the Group's stakeholders
· Foster risk anticipation and position RISK as a prospective watchtower
· Prepare the Group for high and higher regulatory expectations
RISK ORC department

RISK Operational Risk & Control (RISK ORC) belongs to the second line of defense of BNP Paribas. It belongs to the Risk Function (RISK) of BNP Paribas (RISK) and is placed under the responsibility of the Chief Operational Risk Officer for CIB.
The department has responsibility for independently challenging and supervising the Operational Risk management of activities in APAC (front to back). This is achieved through: framing operational risk methodology and disseminating of risk management culture across businesses; assessing the adequacy of the operational risk management set-up; controlling effectiveness of 1 st LOD control environment; contributing to the detection, anticipation and response to risks; alerting business and RISK stakeholders on any significant risk issue; providing a consolidated view on business operational risks profile.

Job Title:
Operational RISK Officer - ISPL
Business Line / Function:
Reports to:
Head of Department
(if applicable)

Number of Direct Reports:
Directorship / Registration:

Position Purpose
The position is part of RISK ORC ISPL team with the key role to provide relevant RISK and senior management (Regional/Local & Central) a synthetic, transparent, exhaustive, and consistent view of Operational RISK across ISPL activities.

Direct Responsibilities
RISK Framework Assessment

· Management of procedures: Ensure process and procedures issued by the 1st Line of Defense are consistent with Group standards (upper level procedures)
· Management of 1st Level controls: Ensure that the 1st Line of Defense control framework is effectively designed and implemented
· Risk Mapping (RCSA) Challenge:
o Risk mapping: Ensure risks are identified and correctly assessed
o Control mapping: Ensure the control mapping is updated and relevant to risks
o Residual risks challenge
· Review and validation of derogation (exemptions) of procedures and control plans
· Incident Management:
o Challenge incident management and action plan
o Analysis of the impact on Framework, RCSA, process
o Perform Quality review of Incidents (HIs as well as BTHIs)
· Action and pending recommendations:
o Monitoring of closure of action plans of IG / Regulatory Recommendations and Control Testing observation
· Coordination of OR&C reporting

RISK Thematic Reviews
· Review of a specific activity or process in a control perspective
· Review of the process
· Review of 1st level controls performed on these process

· Prepare, organise and secretariat the committees at ISPL level in liaison with ISPL relevant teams.
· Ensure comprehensive coverage of agenda items as per Head of Territory Charter
· Monitor the action plans identified

Independent Control Testing for ISPL
· Supervise First Line of Defense Control framework through adequacy assessment, verification and challenge
o Ensure that 1st level controls are performed in line with procedure and properly documented (audit trail)
o Ensure that "unsatisfactory" controls resulted in the implementation of an action plan
· Execute relevant 2nd level controls (Re-performance) on relevance and performance of local extensions of generic control plans including Compliance delegated GCPs, if any
· Assist and advise the 1st Line of Defense in ISPL on 1st level controls improvements
· Proactively promote its consistency across the RISK ORC community, and its availability to relevant levels of management (within RISK, Métiers & Functions, Territories), to appropriate committees (e.g. ICC), and to external parties where needed (incl. Regulators as per the request through onshore stakeholders)
· Alert and escalate on attention points resulting from the controls
· Propose improvements for the control plans whenever required based on the holistic view of the controls
· Proactively liaise with 1 st Line of Defense in ISPL as well as RISK ORC business and transversal topic teams to ensure the controls are up to date with risk climate by communication with RISK ORC business theme teams
· Contribute to the quality review of Incidents lookback and New Activity Review process
· Produce a synthetic, comprehensive, and actionable testing results finding and recommendation reporting to senior management and RISK locally / regionally and centrally
· Contribute to RISK ORC Group & global initiatives as applicable to ISPL

Awareness / Training / Animation:
· Promote and drive awareness to risks across ISPL;
· Organise and lead risk meetings, forums and committees with community members.

· Watch out for innovative ideas and application of new technologies
· Watch out for trends and market disruptions and detect emerging opportunities

Contributing Responsibilities
Fraud Risk Management Framework for ISPL
· Fraud / Suspected Fraud Investigations
· Participate in governance framework, coordinating with the main stakeholders and contributors involved in prevention, detection and management of frauds

ISPL Stakeholders (Métiers and Functions)
· 1st Line of Defense Métiers & Functions (incl. OPC teams ) in ISPL

· Head - RISK ORC - India
· Head - RISK ORC - CIB - APAC
· Head - RISK ORC - CIB - Global
Relevant Heads / team members of APAC RISK ORC CIB Business teams and other transversal topic teams (3rd Party, IT/Cyber, Anti-Fraud) for relevant topics

Technical & Behavioral Competencies
Technical Skills / Competencies
· General Risk Management Awareness
· Risk Identification, Risk Monitoring, Risk Mitigation, Risk Reporting Techniques and systems
· Familiarity with the banking products and services including front to back process view specially in Functions (Administration, HR, Procurement,) and IT
· Familiarity with Computer applications such as Excel, Word, PowerPoint
· Familiarity with banking IT systems

Behavioral Competencies
· Excellent presentation skills
· Excellent ability to work in a multi-cultural, team-oriented environment
· Excellent ability to work independently
· Exhibit pro-activeness
· Excellent project management skills
· Demonstrate fine attention to details
· Excellent synthesis capabilities
· Excellent problem solving skills
· Excellent Service quality orientation
· Excellent ability to honor tight deadlines
· Ability to facilitate buy-in of stakeholders
· Ability to support / assist colleagues, client teams and management
Specific Qualifications(if required)
· Master of Business Administration (MBA) or equivalent

Skills Referential

Behavioural Skills :

Ability to collaborate / Teamwork
Attention to detail / rigor

Ability to deliver / Results driven

Communication skills - oral & written

Transversal Skills:
Analytical Ability

Ability to develop and leverage networks

Education Level:
Master Degree or equivalent

Experience Level
At least 5 years

Other/Specific Qualifications(if required)


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