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:
RISK is a global and independent integrated Function acting as a second line of defense. RISK relies on selective approach as prescribed in the Group procedures, this includes quality of the analysis submitted,
different risk scenarios and quantification. The assessment of the Operational Risk Framework relies on RISK ORM procedures & methodologies deployed.
At ISPL, Risk Management activities are divided across two pillars - ISPL Platform Risk Management and ISPL RISK Hub supporting global RISK streams playing an active role in the Group RISK Transformation strategy.
The RISK hub comprises of multiple RISK streams which include Operational Risk Management, Group Data Protection Office, Group RISK ORM ICT CoE, RISK IT, RISK MFI and Transversal Risk teams.
We continue to grow new capabilities in RISK Quants across RISK SIGMA and RISK MFI Valuation Methodologies.
Job Title:
Assistant Manager
Date:
Department:
Operational Risk Management
Location:
Mumbai
Business Line / Function:
RISK
Reports to:
(Direct)
Head of RISK ORM 2S ISPL
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NIL
Directorship / Registration:
Position Purpose
The Assistant Manager, RISK ORM 2S ISPL will report hierarchically and functionally to the Head of RISK ORM 2S ISPL. The RISK ORM perimeter includes all operational risks for business processes, which are performed in Chennai/Mumbai.
Located within the RISK Function of BNP Paribas, the role of the Assistant Manager, RISK ORM 2S ISPL, is to ensure that the components of the operational risk management framework are implemented and is operating effectively in 2S ISPL Chennai and Mumbai.
Responsibilities
Direct Responsibilities
The RISK ORM 2S ISPL mandate is to independently challenge and supervise the operational risk management framework of BP2S activities as described in the level 2 procedure – Organizational Framework and Governance for Operational Risk Management and Permanent Control Framework.
Contributing Responsibilities
As the 2nd line of defense, the Assistant Manager, RISK ORM 2S ISPL, has the following general responsibilities for the operational risk processes and themes within the scope of RISK ORM including fraud, third-party, and Information and Communication Technology (ICT) risk management.
- Define and consistently apply the 2S RISK ORM methodologies and procedures (normative framework), and adapt locally as required
- Independently challenge the identification and assessment of the operational risk profile (actual, potential and emerging) and the risk mitigation framework implemented in the operating entities, through opinions, and sign offs where required
- Ensuring effective implementation of the risk mitigation strategies, framework and actions with the 1st line of defense, through follow up of action plans and independent challenge of controls, either through execution of 2nd level controls, or where applicable, through other kinds of controls
- Independently assess and potentially alert key stakeholders on the level of risk and on the risk mitigation framework status
- Contribute to operational risk awareness and training on the risk mitigation framework.
Main Accountabilities of the Role
- Qualitative Check & Challenge of 1st line of defense mainly by the execution of level 2 controls and RCSA to provide an opinion on the effectiveness of the control framework as per Group guidelines.
- Independently challenge significant incidents in Risk tool and related remediation plan.
- Proactively propose and conduct thematic reviews promptly with recommendations.
- Ensure the correct implementation and application of Group and 2S governance (e.g. in terms of Internal Control Committee (ICC) and operational risk management related committees, etc.…)
- Promote Risk awareness and Risk culture of operational risk management across ISPL teams
- Ensure management reporting and Dashboard – either to local management or to the Group are reported on time.
- Proactive risk anticipation and raise alert on key risk topics thereby bringing in significant management attention and propose remediation.
People Responsibilities.
- Provide conducive work environment for a healthy working atmosphere in a competitive environment.
- Upskilling team member’s basis the skill matrix and PDP follow through.
- Promote training awareness, recognize team members, value their contribution and provide opportunities for growth and mobility.
- Fair dealing with staff members on day to day business deliverables and ensure administrative aspects including attendance, training and continuous feedback are totally intact.
Technical & Behavioral Competencies
Key Behavioral aspects
- Integrity, Ethics and values
- Collaboration and partnering
- Innovation and catalyst
- Building capability
- leading by example, influence and impact
Others
•Individual - confidence and self-motivation.
•Interpersonal - high energy levels, communication skills, teamwork and persuasiveness.
•Managerial - Leadership skills, decisive decision-making, and managing teams and individuals.
•Analytical - The ability to review data and scenarios and make good decisions in a timely fashion
Technical aspects
- Identification and assessment of risk and controls
- Verification and controls assurance
- Independent challenge, quality review and provide recommendations
- Governance, reporting and risk awareness.
Specific Qualifications (if required)
Tertiary-level qualification essential with CA/CWA/CPA qualifications desirable or its equivalent
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Decision Making
Ability to deliver / Results driven
Creativity & Innovation / Problem solving
Critical thinking
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Ability to develop and adapt a process
Ability to set up relevant performance indicators
Ability to manage / facilitate a meeting, seminar, committee, training…
Analytical Ability
Education Level:
Master Degree or equivalent
Experience Level
At least 7 years
Other/Specific Qualifications (if required).
Audit background will be an added advantage. CA/CWA inter / is an added advantage.
