Team Leader, Operational Risks & Permanent Control for Investment Banking APAC
BNP Paribas has a presence in 75 countries with over 189,000 employees. It ranks highly in its two core activities: Retail Banking & Services as well as Corporate & Institutional Banking. In Asia Pacific, the BNP Paribas Group is a leading employer with more than 12,000 employees and a presence in 14 markets. Being one of the largest international banking networks, we strive to employ talented and innovative people who are aligned to our vision and culture.
For the scope of Investment Banking APAC (IBA) and as part of the first line of defense, the Head of OPC is responsible for the execution and continuous improvement of the Non-financial risks management framework covering the identification, measurement and management of Operational Risks – in close partnership with the business who is accountable.
For the performance of its mission, the OPC team will comply with the regulatory obligations of BNP Paribas, with General Management instructions and with market best practices ; and will act under the oversight of and in collaboration with the independent second line of defenses (namely Risk ORC and Compliance)
The Head of OPC for Investment Banking is responsible for implementing, executing and/or supporting the management of non-financial risks across the region on the perimeter and in close partnership with the business. This is to be done in line with the OPC Group mission statement and in line with the APAC OPC Charter. It shall allow at any point in time for (1) a clear vision of main non-financial risks over the perimeter and maturity of related control frameworks, (2) clear vision of major residual risks and remediation action progress status, and (3) ability to anticipate / early identify emerging non-financial risks necessitating to be managed.
In particular (below list includes main elements of the OPC missions as per policies above-mentioned) :
She/He is responsible to ensure continuous evolution of the Risks and Controls Self-Assessment (RCSA), related OPC Generic Controls Plan (GCP ; including their execution for the hubs, and their deployment across territories when necessary) and Potential Incidents (for main risks & territories). This is to be achieved following identification and analysis of triggers (for example new organization / process / product / regulation; incidents; unsatisfactory control results; IG findings), or following indication by Group Functions (for example Compliance or Legal) of Non-Financial Risks area to be considered.
She/He is responsible to perform ad-hoc deep dives of control frameworks, in line with the business concerns on non-financial risks, and integrate results in RCSA / GCP maintenance effort ;
She/He is responsible to coordinate/propose remediation actions to weaknesses identified in the control framework analyzed for major inherent risks ; and to follow-up on their implementation.
She/He is responsible to oversee incidents impacting the perimeter and related remediation; and to coordinate investigation / remediation plan definition and implementation when failing unit is within the business perimeter. Duty to alert on fraud & significant failures to business/operational management
She/He is responsible to support the business on IG/Audit missions, potential findings and recommendations.
She/He is secretary to the quarterly IBA Permanent Control Committee and as such is responsible to coordinate its preparation (from setting the agenda to ensuring respect of TOR including production of the minutes) in order to provide a fair and clear picture of the risks, front to back.
She/He is responsible for the coordination of the TAC/NAC process within the business, and the continuous enhancement of the process in close collaboration with Corporate Banking OPC Head owning the APAC OPC TAC/NAC coordination policy.
Finally and importantly, direct responsibilities include management of the team under his/her responsibility:
Allocate the work inside the team ;
Ensure the quality of the outcome coming from the team ;
Support the team, reply to escalation, reallocate tasks based on priorities ;
Perform appraisal, set objectives, monitor the performance and facilitate the development of team members.
She/He is also responsible to contribute and participate to committees and reporting related to non-financial risks management (e.g. monthly Territory Permanent Control Meeting, monthly ITO permanent control meeting, semi-annually Permanent Control Management Meeting, Territory ICCs, regional CB&A OPC fortnight)
She/He is responsible to participate to the APAC OPC framework improvements and other projects led by Transversal OPC within the CCCO Office, on an ad-hoc basis and through pro-active propositions.
She/He is responsible to support feedback to Head of Business on risks/controls.
She/He is responsible to contribute to enquiries / surveys on non-financial risks and internal controls coming from other part of the bank (e.g. territories)
Technical and Behavioral Competencies / Specific Qualifications
Strong analytical skills ;
Problem identification & solving mindset towards continuous improvement ;
Curiosity and quick learner ;
Takes initiative and is results driven ;
Excellent interpersonal and communication skills, able to communicate with senior management ;
Strong team player ;
Provide excellence in term of quality of deliveries and quality of service ;
Able to work under pressure ;
Act with integrity ;
Follow and spread the BNPP driving forces which are Agility, Client Satisfaction, Compliance Culture and Openness.
Degree or Master Degree ;
Over 8 years of experience, with Operational Risks exposure ;
Experience in Investment Banking (Structured Finance, Coverage, Advisory, Equity Capital Markets, Loan Capital Markets, Debt Capital Markets, etc.) would be a plus ;
Experience in multi-cultural environment.