About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability
Commitment to Diversity and Inclusion
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.
About Business line/Function:
Within CIB ITO [Information Technology and Operations], the UK OPC [Operational Permanent Control] team, based both in the UK and in India, and reporting into BNP Paribas London Branch Management. Its role is to support various businesses (Global Banking [GB], Asset Liability Management and Treasury [ALMT], Financial Institutions Coverage [FIC], Correspondent Banking [CBK]) and transversal departments (Due Diligence, Client Services, Sourcing, Outsourcing, Data Management, etc) in managing their operational risk.
Position Purpose
Within the UK OPC team, the senior GB risk officer role is responsible for putting into operation the Operational risk management setup for UK Global Banking Front to Operations. Its role aims at supporting UK Global Banking to identify, assess, report, monitor and mitigate its operational risk, in collaboration with other specialised independent control functions (RISK, Compliance, etc), and in compliance with internal procedures and standards, as well as with regulatory requirements.
The risk manager for CBK (correspondent banking) operates within the first line of defense and is responsible for identifying, assessing, managing and monitoring operational, financial crime, compliance and conduct risks embedded in correspondent banking products, process and client activities. This role ensures that business expectations align with the internal policies, regulatory expectations and global risk frameworks while supporting safe growth objectives.
The senior GB risk officer primarily focuses on UK Global Banking and CBK activities such as:
· Transaction Banking (Cash Management, Trade Finance, Loans)
· Capital Markets (Bonds, Debt Markets, Equity Capital Markets, etc)
· Corporate Clients Group (Corporate Coverage, Mergers and Acquisition, etc)
· CBK related, intra group payments and settlements.
Responsibilities
Direct Responsibilities
1. Controls and actions plan:
· Assess the applicability of GB and CBK UK Generic Front-to-Operations control plans, and regularly update the UK GB/CBK control plan;
· LCP: Cascade central control plan to business and do periodic local assessment of control plan.
· Define controls to meet regulatory expectations when needed;
· Perform controls and/or coordinate controls execution according to these control plans;
· Identify and assess risks revealed by controls results;
· Report controls results and related risks to the UK GB Management, and to any other relevant stakeholders (Control functions, Central GB EMEA Management, etc.);
· Ensure that remediation action plans are defined when needed;
· Input in Group or GB EMEA tools the control results and major action plans;
· Follow-up the implementation of remediation actions.
Contributing Responsibilities
2. Identification and assessment of risks and controls (Risk and Control Self-Assessment)
· Maintenance of the CBK RCSA, independently manage the complete exercise.
3. Management of historical incidents
· Alert UK or Central teams on key incidents (in particular those identified during control execution);
· Collect data and documentation related to incidents, investigate and report and/or update in RISK 360;
· Analyse incidents in a timely manner and define, jointly with the relevant stakeholders, the corrective measures to be implemented to mitigate risks;
· Follow-up and/or initiate the implementation of remediation actions.
4. Other operational risk management missions
· Support the UK OPC team in any other operational risk topics such as the preparation of CBK Committee slides, the follow-up on audit recommendations, the maintenance of the procedural framework, the design and roll-out of trainings, etc. Governance and reporting
· Prepare periodic risk dashboards, KPI/KRIs and management reporting like CBK committee, CBK ICC etc.
· Work closely with Relationship Managers, Operations, Legal, Compliance, and Risk ORM to embed risk considerations into processing.
Technical & Behavioral Competencies
Must have:
· Demonstrable knowledge of CBK, Global Banking activities (Transaction Banking, Capital Markets and/or Corporate Client Group), controls and RCSA.
Additional relevant competencies:
· Experience of Operational Risk through previous roles/experience in 1/2/3 LOD;
· Proven experience of identifying issues in processes and controls, and subsequently assessing, reporting, mitigating and monitoring them;
· Ability to use Excel and Powerpoint proficiently.
