BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, 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.
BNP Paribas Corporate and Institutional Banking is a globally recognized leader offering capital markets, securities services, financing, treasury and advisory solutions.
Business Area/Dept Overview
BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rates, credit, currency, equities & commodity markets. Global Markets helps their franchise of clients finding effective ways to raise and invest capital as well as manage their exposure to risk. The client base is comprised of hundreds of corporations, institutional investors, banks, governments and supranational organizations.
Global Markets has the scale and reach to conduct business anywhere in the world and deliver products denominated in almost all of the world’s currencies. Their global network comprises more than 1,700 professionals working on our six main trading floors in London, Hong Kong, New York, Paris, Singapore and Tokyo. They are supported by regional offices throughout Europe, the Americas, Middle East and Asia-Pacific.
Purpose & Scope of role
GM Operational Risk Practice (OPC):
GM OPC is part of the CCCO and also operates in all regions with the primary objective of strengthening the front to end internal control set up for GM, designing the operational risk cartography and driving the operational risk regulatory capital.
The department is organized around 3 streams:
- Operational Risk Practice: contribute to protect the business (P&L, reputation)
- Regulatory Practice: support any regulatory requirement with a sustainable framework, in line with the dedicated Governance, Control Plan & Risk Assessment
- Conduct Practice: assess and challenge the effectiveness of the Conduct control set-up as well as ensure a full convergence between Conduct Risk Identification (CRI), Risk and Control Self-Assessment – RCSA).
The above Practices are further supported by the Risk and Control Self-Assessment Stream:
- Risk and Control Self-Assessment & Capital (Prevention):
- Design and maintain the operational risk cartography in line with the Process / Risk / Control approach on both BAU & Major Scenario
- Assist in assessment of capital markets risks and controls
- Drive GM Operational Risk Capital calculation & allocation
The RCSA expert will report into the Head of Global RCSA stream in London. The RCSA expert will work in close partnership with first & second line partners (Risk, Compliance, etc.) and will support/ contribute to the deployment of the Front to End RCSA with a focus on the data aspects of the exercise. The scope of responsibility covers the non-financial risks (Operational risk, Conduct risk, Regulatory risk) for Global Markets sales and trading desks.
Key Responsibilities of role
The key responsibilities of the RCSA expert include:
Performance of the RCSA:
- Contribute to the determination of the level of intrinsic risk, quality of control framework and residual risk pertaining to each risk of the exercise in application of BNPP Group methodologies and tools
- Enhance the data model & tools deployed by GM OPC to support the RCSA lifecycle
- Challenge notably through quantitative analysis the effectiveness of GM control set up against non-financial risks
- Organize, support, document the reviews with stakeholders into RCSA documentation and tools
- Follow up of remediation against material weaknesses identified over the RCSA
Contribution to the definition and enhancement of the permanent control framework across GM activities:
- Monitor market practices and regulatory guidance to ensure framework remains at par with peers
- Strengthen FO to End control set up through the declaration & analysis of conduct risk related incidents
- Contribute to the design of risk reduction actions & coordinate the implementation with stakeholders (FO, Ops, Compliance, etc.)
- Follow-up of the implementation of both internal and external recommendations, from acceptance to closure
- Anticipate potential future areas of regulatory, conduct and operational risks
Facilitation of relevant governance bodies
- Prepare appropriate materials and contribute to the various GM Boards, GM Internal Control Committee (ICC) or Regulatory bodies per the GM RCSA topics
Experience, Qualifications & Competencies
- Bachelors degree from a reputable university or equivalent
- Prior experience in LoD1 – LoD3 in financial services is an advantage
- Very good understanding of capital markets key risks, processes and controls
- Strong awareness of Operational risk and fundamental risk concepts
- Excellent knowledge of Excel and MS Office tools
- Analytical and quantitative skills, precision, rigorousness combined with a critical mindset
- Team spirit, ability to work with others and capacity to think out-of-the-box
- Ability to communicate clearly in both oral and written form (English)