Risk Officer, VP

Company purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people

Business area

Within CIB ITO [Information Technology and Operations], the UK OPC [Operational Permanent Control] team is composed of 14 members, 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], Financial Institutions Coverage [FIC], Correspondent Banking [CBK]) and transversal departments (Due Diligence, Client Services, Sourcing, Outsourcing, Data Management, Business Support Services, Stakeholder relationships, Transformation team, etc) in managing their operational risk.

Job purpose 

• The expert risk officer role within the UK OPC team is responsible for leading key, complex and sensitive projects or topics for the benefit of the OPC setup and/or of the departments served by UK OPC.
• The expert risk officer leverages on an extensive knowledge of Banking processes and a highly developed risk mindset to drive the design and implementation of the operational risk management framework across UK activities.

Key Responsibilities

1. Transversal

1. Lead various key initiatives to ensure the relevance and strength of the operational risk management setup across UK OPC scope.
2. Act as key contact within UK OPC for UK Heads of Business Lines and Departments regarding risk management and will regularly interact with UK SMF and Central OPC Management.
3. Ensure, in support to the Head of UK ITO OPC, that UK regulation and Group requirements (regarding operational risk management) are complied with across UK OPC scope
4. Be an ambassador of UK OPC best standards and support the Head of UK ITO OPC in sharing these standards across UK OPC department and stakeholders

2. Management of TAC/NAC (Transaction Acceptance Committee, New Activity Committee)

1. Context: TAC/NACs (Transaction Acceptance Committee / New Activity Committee) are risk assessments performed to approve (i) the launch of a new banking product/service or (ii) the execution of a particular transaction carrying a potential high risk for the Bank.
2. Ensure the coordination, on behalf of the deputy Head of Territory (Chairman of the committee), of the risk assessment and of the committee gathering the various participants (SMFs or their representative)
3. Perform the risk analysis for OPC, and provide the OPC opinion on the TAC/NAC

3. Identification and assessment of risks and controls (Risk and Control Self - Assessment)

1. Act as RCSA referent within the UK OPC team, for other team members as well as for all other OPC stakeholders (Businesses, Control Functions, Central OPC Management, etc)
2. Ensure the effective implementation and maintenance of the RCSA framework within their 1LOD control perimeter.
3. Ensure the various milestones are reached on time throughout the RCSA campaign, for the various scopes under UK OPC.
4. Assist in Leading RCSA campaigns, when required

4. CHAPS representative within OPC

1. Act as OPC representative for the CHAPS regulatory framework
2. Provide the necessary risk analysis and opinion for the various regulatory deliverables (Participant Assurance Questionnaire, Self-attestation, etc)
3. Lead the annual CHAPS risk assessment, coordinating the involvement of the various stakeholders (Regulatory Operations and RISK)
4. Supervise the CHAPS control execution performed within UK OPC
5. Lead the monthly meeting analysing unsatisfactory results and determining potential non-compliances with CHAPS regulation.
6. Attend the CHAPS committee

5. Controls and actions plan

1. Ensure the control applicability assessment for all UK OPC scopes is completed at least once a year
2. Ensure the relevancy of control plans executed by UK OPC meets the following criteria:
   1. Assessing the applicability of central control plans according to Central OPC guidelines, and update them as and when needed
   2. Defining and updating controls to address local regulation or expectation
3. Ensure controls are performed according to these control plans
4. Ensure proper formalisation of investigations, controls results and comments (where relevant)
5. Ensure that remediation action plans are defined if and when needed.
6. Ensure the control results are formalised in the dedicated tools, with the relevant documentation for audit trail.
7. In case of critical issues identified while performing controls, ensure timely reporting and escalation of the weaknesses to the relevant stakeholders

6. Alert and Reporting

• Alert and escalate to the relevant level of management as well as to GB EMEA OPC Central team and the relevant independent control functions any operational risk incident and/or any recurring weakness.
• Perform periodic and ad-hoc reporting to the appropriate level of management as well as to independent control functions.
• Assist the UK ITO OPC Head in the collection of data required for the various Committees reporting, such as GB ICC, OPS OPCO, Q&E ICC.
• Assist the Head of UK ITO OPC in the collection of deliverables required as part of IG missions
• Contribute to the periodic and ad-hoc reporting assessment managed by 2nd LOD control functions.
• In case of absence of the Head of UK ITO OPC, the UK OPC expert risk officer is the primary contact to (i) ensure the escalation of critical topics to Territory Management and OPC Management centrally, and (ii) attend the committees on behalf of the Head of UK ITO OPC

7. Oversight

1. Participate in governance meetings related to outsourced activities.
2. Perform regular reporting to Management on outsourced activities governance
3. Act as main point of contact for any escalations related to outsourced activities 

8. Awareness, training and advisory

1. Ensure employees’ awareness on Group’s policies and procedures.
2. Ensure an appropriate training on Operational risks and Permanent Control framework is provided to employees, notably newcomers.
3. Deliver training on sensitive topics (eg: regulatory topics like Complaints) to a large audience of stakeholders (20+ participants), based onshore and offshore.
4. Act as a local relay for risk awareness initiatives sponsored by Control functions.

Requirements

Hard skills:

• Extensive knowledge of CIB Banking activities (eg: GB, FIC, CBK, ALMT, Global Markets, Securities Services)
• Strong understanding of Banking regulations (eg: CHAPS) and Regulators expectations
• Required experience of Operational Risk through previous roles/experience in 1/2/3 LOD (eg: RISK, Compliance, Internal audit, etc)
• Proven experience of identifying issues in processes and controls, and subsequently assessing, reporting, mitigating and monitoring them (eg: RCSA)
• Experience in managing projects is a key bonus (eg: regulatory remediation, implementation of a new activity, offshoring of processes, merger of entities, etc)
• Ability to use Excel and PowerPoint proficiently, and to be quickly efficient using BNPP internal risk management tools (360, ORUS, Aurora, etc)

Soft skills:

• Must have:
  • a highly curious mindset
  • a strong critical thinking
• Additional relevant competencies:
  • Can do attitude
  • Self-starter / Always taking initiatives
  • Ability to work and progress with a very high level of autonomy, including on complex topics (RCSA campaign, audit queries, control library definition, control applicability assessment, etc.)
  • Ability to lead projects or key meetings (eg: meetings involving senior participants (inc SMFs) and/or a large number of participants, such as TAC/NACs and RCSA sign-off meeting)
  • Ability to provide guidelines to other risk officers and follow-up on their delivery (whether internal or external to the team)
  • Ability to coach/mentor/manage new recruits or more junior colleagues o Ability to understand quickly new Banking processes (for instance to assess the impact on RCSA or to define a new control plan)
  • Ability to adapt to (1) a changing environment of regulations, (2) higher internal control standards, and (3) to a changing and larger scope of activity
  • Ability to anticipate business / strategic evolution, analyse its impact and define action plans 
  • Analytical ability, while being able to highlight key messages in a synthetic manner
  • Ability to meet deadlines (regulatory remediation, reporting, etc.)
  • Strong ability to communicate clearly (oral and writing communication capacities), and in particular to communicate efficiently with Top Management on various topics

Languages:

• English – fluent
• any other international language (eg: French, Portuguese, Hindi, etc) can be appreciated

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

A bit more about why you should join us

1. We’re a great place to work

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.

* Subject to relevant caps

2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.  

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

3. We believe in our people

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally. 

Investing in our people also means we have a collaborative and inclusive culture:

• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

Equal opportunities 

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

Adjustments

We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.

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