Job Title: Assistant Vice President - Operational Permanent Control
Date: July 2024
Department: Operational Permanent Control
Location: NKP - Mumbai
Business Line / Function: ITO Local COO
Reports to: (Direct) Head OPC
Is Associated Person (AP)*: No
*For GM, GB, ALMT, FIC, WM, Legal and Risk
About BNP Paribas
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas 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.
Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
* excluding partnerships
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
Position Purpose
Purpose of the position is implementation of the Operational Risk and Permanent Control Framework for the Territory and Performing Flying Squad Audit of India Branches.
- Position exists to perform CoC across verticals and to advice/suggest Branches and Central Office about best practices at transaction execution level, to avoid recurrence of procedural lapses thus helping in maintaining customer delight and very few numbers of Internal Audit findings and mitigation of various risk associated with day-to-day operations.
- With all this we can keep stringent control over the activities which is in our scope and we provide assurance to the management of the genuineness of the records and the efficiency of the operations of the bank. This position helps establish both.
- Driving the TAC/NAC for India Territory along with business and regional management.
Responsibilities
Direct Responsibilities
- Operational Control Framework for Bank and SIPL:
- Implementation of Group Policies and Procedures on Operational Risk & Permanent Control.
- Performance of Control of Control (CoC) for Bank on a sample basis and reporting in ORUS.
- Follow up for closure of findings and Ensuring Action Plan is in place.
- Coordinating for finalization of RCSA & GCP
- Coordination of NAC/TAC with region and Business partners
- Overview for Branch controls:
- Check Controls generally in place at branches for processes carried out and requisite processes & controls are generally adhered to.
- Discussion and Finalisation of Findings & Action Plans.
- Follow up for implementation of Remediation Plans suggested to mitigate control gaps
- Reports/Presentation:
- Preparing reports/Presentation for LPCM , APAC ORMF, Operational Risk Meetings, LRMC and ICC.
- Flying squad Audit of Branches:
- Check Controls generally in place at branches for processes carried out and requisite processes & controls are generally adhered to.
- Discussion and Finalization of Findings & Action Plans.
- Follow up for implementation of Remediation Plans suggested to mitigate control gaps
- Projects:
- Risk Mapping Projects: Performing Annual Risk Assessment Exercise with concerned departments and any other assigned project.
- Procedures:
- Updation and Management of Procedures
- Operational Risk Incident Management:
- Analysis of Incidents and discussions with concerned departments; Capture of Incidents and Action Plans in the Incident Management Tool.
Contributing Responsibilities
Enhance skills and capabilities. Given organizations’ evolving needs, internal audit’s skills especially in areas of Trade Finance and Regulatory must evolve for the function to remain relevant.
“Anti-Money Laundering / Financial Sanctions (“AML/FS”) related duties
Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you are expected to ensure adherence to AML/FS-related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision to the relevant authority.”
Technical & Behavioral Competencies
Technical Competencies
Domain Knowledge of Banking – with Risk mindset, Should have knowledge on Payments & Cash Management Operations, Trade Finance Operations, Transaction Banking Advisory, Global Markets ALM Treasury Operations, CLM Services– Due Diligence & Loan Services; Procurement and General Administration; IT Physical Security
Behavioral Competencies
Excellent interpersonal and communication skills, including good presentation and report writing skills, Staying on-task to completion, particularly in the face of obstacles or other trying circumstances. Ability to work well under pressure or opposition, while maintaining effectiveness and self-control.
Skills Referential
Behavioural Skills:
- Ability to collaborate / Teamwork
- Decision Making
- Attention to detail / rigor
- Ability to synthetize / simplify
Transversal Skills:
- Analytical Ability
- Ability to develop and adapt a process
- Ability to conduct a negotiation
- Ability to manage / facilitate a meeting, seminar, committee, training
Education Level: Bachelor Degree or equivalent (3 years)
Experience Level: At least 12 years
