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Assistant Manager/ Manager - Risk ORC - APAC Transversal

Job type Permanent
Schedule Full time
Job Function Risk
Brand BNP Paribas
Level of experience 11 to 15 years
Apply REF: BNP017798


 


About BNP Paribas Group:

Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 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. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the region.



About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.



About Business line/Function :

RISK Operational Risk & Control (RISK ORC) belongs to the second line of defense of BNP Paribas. It belongs to the Risk Function (RISK) of BNP Paribas (RISK) and is placed under the responsibility of the Chief Operational Risk Officer. The department has responsibility for independently challenging and supervising the Operational Risk management of activities in the entity. This is achieved through: framing operational risk methodology and disseminating of risk management culture across businesses; assessing the adequacy of the operational risk management set-up; controlling effectiveness of 1st LOD control environment; contributing to the detection, anticipation and response to risks; alerting business and RISK stakeholders on any significant risk issue; providing a consolidated view on business operational risks profile.


 


Job Title:

Operational RISK Officer – Independent Control Testing – RISK ORC Transversal APAC Support

Date:

28th May, 2019

Department:

RISK ORC ISPL

Location:

Mumbai

Business Line / Function:

RISK

Reports to:

(Direct)

Head of the Department

Grade:

(if applicable)

Assistant Manager/ Manager

(Functional)

Number of Direct Reports:

Directorship / Registration

 

Position Purpose

The team is acting as the 2nd Line of Defence for transversal activities agenda.  With the key role to provide relevant senior management  (Global /Regional / Local) a synthetic, transparent, exhaustive, and consistent front to back view of Operational RISK across Country Coordination and Functions APAC activities on transversal agenda including Third Party Risk Management

Responsibilities

RISK ORC is responsible for;

Normative Framework, Supervision of 1st line, Independent testing, Challenge and sign-off and Governance.

RISK ORC Transversal is responsible for mainly three domains;

-  Group Functions (HR, Finance, Tax, Compliance, Legal, ALMT), 2) Territory Internal Control Committees, and 3)Third Party Risk Management

 

Role is to be created in ISPL for strategic support of the functionality for transversal tasks for RISK ORC Transversal APAC team.  Regular meeting to be held to ensure consistent tasks to be performed.  The role will have dual reporting line 1) Hierarchically to Head of RISK ORC ISPL, as well as 2) Functionally to Head of RISK ORC Transversal APAC.

 

<Group Functions, ALMT>

Assist the RISK ORC APAC Transversal Team on the following activities

-  Actively monitor and perform regular review for Potential Incidents and Historical Incidents

-  Proactively perform check and challenge for the Operational Risk measurement & management framework & processes

-  Conduct independent testing of the risk and of the control framework

-  Implement and actively conduct of generic 2nd level control plan and remediation action plans for the domains under scope

o    Follow up of recommendations in order to take proper mitigation of risks

o    Report and escalate attention points resulting from 1st & 2nd level controls

-  Assist and advise the 1st Line of Defence in APAC on the implementation of OR framework, and ensure its compliance with Group, ALMT, and other Function guidelines, as well as its appropriate calibration to manage key risk areas

-  Proactively disseminate Operational Risk culture within the APAC community, and develop a strong partnership with LoD1 key stakeholders through regular communication and interactions

-  Challenge LoD1 controls and remediation actions plans

-  Participation to Steering Committees or relevant committees (such as the  APAC Permanent Control Committees etc), and sign off on Operational Risk

 

<Territory Internal Control Committee>

Assist the RISK ORC APAC Transversal Team on the following activities :

-  Provide the Territory management with the full picture of the key risks, the status of the local control framework  and tracking of action items decided during the TICCs

-  Ensure the correct implementation and application of Group & APAC governance (e.g. in terms of ICC and OR related committees, delegations of authority)

-  Contribute to RISK ORC Group & APAC initiatives (e.g. projects)

-  Aggregation of risk assessment and GCP results for Finance, Compliance and Legal

-  Play Secretary role of Territory ICC

o    Organisation of Committees with agreement with the Head of Territory on the date and agenda

o    Notify Committee members of the meetings

o    Harmonize the Committee documents communicated by the various participants

o    Draft the minutes and have it validated by the Chairman prior to distribution to the participants

o    Ensure presentation and minutes of meetings are securely archived and distributed

o    Challenge 1st Line of Defence contribution, where appropriate

 

<Third Party Risk Management - TPRM>

Assist the RISK ORC APAC Transversal Team on the following activities :

-  Assist and advise the 1st Line of Defence in APAC on the extension of OR framework, and ensure its compliance with Group guidelines, as well as its appropriate calibration to manage key risk areas

-  Proactively disseminate Operational Risk culture within the APAC community, and develop a strong partnership with LoD1 key stakeholders through regular communication and interactions

-  Provide the definition of the TPRM framework and assist implementation of the target model

-  Proactively perform check and challenge for the Operational Risk measurement & management framework & processes

-  Conduct independent testing of the risk and of the control framework

-  Implement and actively conduct of generic 2nd level control plan and remediation action plans for the domains under scope

o    Follow up of recommendation in order to take proper mitigation of risks

o    Report and escalate attention points resulting from 1st & 2nd level controls

-  Challenge LoD1 controls and remediation actions plans

-  Participation to Steering Committees or relevant committees (including Outsourcing Committee and APAC Permanent Control Committees etc), TAC NAC and sign off on Operational Risk areas

Technical / Behavioural Competencies

Background

·         In-depth relevant metier, products  and processes knowledge

·         Proven experience of the operational control agenda

·         Sensitivity and/or experience in operational RISK

·         Basic knowledge of regulatory requirements

Soft skills

·         Analytical skills & synthesis ability

·         Strong adaptability & attention to details

·         Strong interpersonal skills (communication, negotiation, influencing skills)

·         Fluent English, Asian language is a plus

Skills Referential

Behavioural Skills:

Ability to collaborate / Teamwork

Attention to detail / rigor

Communication skills - oral & written

Adaptability

Transversal Skills:

Ability to develop and adapt a process

Ability to inspire others & generate people's commitment

Ability to develop and leverage networks

Ability to manage a project

Ability to understand, explain and support change

Education Level:         Masters Degree or equivalent

Experience Level         Atleast 5 years

Specific Qualifications Required

·         University graduate with at least 5-7 years of relevant experience in risk management, control function, preferably with relevant exposure to consulting or audit background.

·         Prior experience or practical understanding in previous roles may include but not limited to Front/Middle/Back Office, IT, Vendor management, BCM, or Functional role(s).




  • Education Level:         Masters Degree or equivalent

    Experience Level         Atleast 5 years

    Specific Qualifications Required

    ·         University graduate with at least 5-7 years of relevant experience in risk management, control function, preferably with relevant exposure to consulting or audit background.

    ·         Prior experience or practical understanding in previous roles may include but not limited to Front/Middle/Back Office, IT, Vendor management, BCM, or Functional role(s).


Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: RISKSEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 12 yearsSchedule: Full-time Behavioural competency: Decision MakingTransversal competency: Analytical Ability