The bank for a changing world

We are looking for

Assistant Manager - Risk ORC - Wealth Maangement

Job type Permanent
Schedule Full time
Job Function Risk
Brand BNP Paribas
Level of experience 11 to 15 years
Apply REF: BNP017797

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 Businessline/Function :

RISK Operational Risk & Control (RISK ORC) belongs to the second line of defence 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:

Assistant Manger


28th May, 2019


Risk ORC



Business Line / Function:

Risk ORC

Reports to:


Head of the department


(if applicable)

Assistant Manager


Number of Direct Reports:


Directorship / Registration:



Position Purpose

The position is part of RISK ORC ISPL team with the key role to provide relevant RISK and senior management (Regional/Local & Central) a synthetic, transparent, exhaustive, and consistent view of Operational RISK for the Wealth Management Back Office Operations activity in ISPL and support the RISK ORC WM APAC team in the over sight and supervision of the WM APAC operational risk management.


Direct Responsibilities


RISK Framework Assessment

·         Management of procedures: Ensure process and procedures issued by the 1st Line of Defense are consistent with Group standards (upper level procedures)

·         Management of 1st Level controls: Ensure that the 1st  Line of Defense control framework is effectively designed and implemented

·         Risk Mapping (RCSA) Challenge:

o   Risk mapping: Ensure risks are identified and correctly assessed

o   Control mapping: Ensure the control mapping is updated and relevant to risks

o   Residual risks challenge

·         Review and validation of derogation (exemptions) of procedures and control plans

·         Incident Management:

o   Challenge incident management and action plan

o   Analysis of the impact on Framework, RCSA, process

o   Perform Quality review of Incidents (HIs as well as BTHIs)

·         Action and pending recommendations:

o   Monitoring of closure of action plans of IG / Regulatory Recommendations and Control Testing observation

·         Coordination of OR&C reporting

RISK Thematic Reviews

·         Review of a specific activity or process in a control perspective

·         Review of the process

·         Review of 1st level controls performed on these process


Fraud Risk Management Framework for ISPL

·         Fraud / Suspected Fraud Investigations

·         Participate in governance framework, coordinating with the main stakeholders and contributors involved in prevention, detection and management of frauds


·         Prepare, organise and secretariat the committees at ISPL level in liaison with ISPL relevant teams.

·         Ensure comprehensive coverage of agenda items as per Head of Territory Charter

·         Monitor the action plans identified


Independent Control Testing for ISPL

·         Supervise First Line of Defense Control framework through adequacy assessment, verification and challenge

o   Ensure that 1st level controls are performed in line with procedure and properly documented (audit trail)

o   Ensure that “unsatisfactory” controls resulted in the implementation of an action plan

·         Execute relevant 2nd level controls (Re-performance) on relevance and performance of local extensions of generic control plans including Compliance delegated GCPs, if any

·         Assist and advise the 1st Line of Defense in ISPL on 1st level controls improvements

·         Proactively promote its consistency across the RISK ORC community,  and its availability to relevant levels of management (within RISK, Métiers & Functions, Territories), to appropriate committees (e.g. ICC), and to external parties where needed (incl. Regulators as per the request through onshore stakeholders)

·         Alert and escalate on attention points resulting from the controls

·         Propose improvements for the control plans whenever required based on the holistic view of the controls

·         Proactively liaise with 1st Line of Defense in ISPL as well as RISK ORC business and transversal topic teams to ensure the controls are up to date with risk climate by communication with RISK ORC business theme teams

·         Contribute to the quality review of Incidents lookback and New Activity Review process

·         Produce a synthetic, comprehensive, and actionable testing results finding and recommendation reporting to senior management and RISK locally / regionally and centrally

·         Contribute to RISK ORC Group & global initiatives as applicable to ISPL

Awareness / Training / Animation:

·         Promote and drive awareness to risks across ISPL;

·         Organise and lead risk meetings, forums and committees with community members.


·         Watch out for innovative ideas and application of new technologies

·         Watch out for trends and market disruptions and detect emerging opportunities

Technical & Behavioral Competencies

Technical Skills / Competencies

·         General Risk Management Awareness

·         Risk Identification, Risk Monitoring, Risk Mitigation, Risk Reporting Techniques and systems

·         Familiarity with the banking products and services including front to back process view

·         Familiarity with Computer applications such as Excel, Word, PowerPoint

·         Familiarity with banking IT systems

Behavioral Competencies

·         Good presentation skills

·         Ability to work in a multi-cultural, team-oriented environment

·         Ability to work independently

·         Exhibit pro-activeness

·         Demonstrate fine attention to details

·         Synthesis capabilities

·         Problem solving skills

·         Service quality orientation

·         Ability to honor tight deadlines

·         Ability to facilitate buy-in of stakeholders

Ability to support / assist colleagues  and management

Specific Qualifications (if required)

Master of Business Administration (MBA) or equivalent

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Communication skills - oral & written


Transversal Skills: (Please select up to 5 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:

Master Degree or equivalent

Experience Level

At least 5 years

Other/Specific Qualifications (if required)


Education Level:

Master Degree or equivalent

Experience Level

At least 5 years

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