About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group 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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
Business Overview:
The Hispanic Latin America region is a key market for BNP Paribas. While Brazil remains the largest economy in Latin America, other major countries in the region are also significant contributors for the business and for long standing relations with clients. For example, BNP Paribas has been uninterruptedly present in Colombia for more than 40 years.
BNP Paribas has a historical footprint in the Hispanic Latin America. The Bank has been in the region since 1914 and is now present in five countries with nearly 2000 employees between Corporate and Institutional Banking (CIB) and International Financial Services.
CIB in Hispanic Latin America has world-class teams of roughly 200 professionals spread among Colombia, Mexico, Chile, Peru and Argentina, thus ensuring an overall coverage of BNP Paribas’ client franchise in the region. All BNP Paribas’ business lines have operations in Hispanic Latin America and are structured in such a way as to provide their clients with the best combination of specialists according to sector, product or geographic region. In the context of growing globalization, they are able to accommodate their clients thanks to their powerful regional platforms:
- In North America (essentially New York but also other hubs such as Houston and San Francisco) and Brazil (Sao Paulo) with a number of professionals covering Latin America.
- In the whole of Europe with major hubs such as Paris, London, Frankfurt, Madrid, etc.
- In Asia with a broad coverage of all major economies in the region.
In Colombia, BNP Paribas has presence through five entities representing the Group: the Rep. Office, the Corporación Financiera and a Trust company for the Corporate and Institutional Banking pole. As for International Financing Services, an insurance company (Cardif) and a Rep Office for Asset Management Services. BNP Paribas is the European bank with the longest uninterrupted presence in the country.
Job Purpose
:
Ensure that the components of the Operational Risk and Permanent Control Framework are implemented and effective in the activities of her / his perimeter.
Duties and Responsibilities
- Contribute to the Risk and Control Self Assessment (RCSA) program in a timely manner and for the BU under scope (Risk Map, Historical Incidents, New activities Approval; trigger events); ensure lasting solutions for minimizing losses from failed internal processes, inadequate controls, and other risks.
- Contributes to risk assessments to identify the root causes that could lead to operational risk losses by challenging process defined.
- Assists local teams in achieving and maintaining target dates on incident reports, as well as definition and implementation of action plans reducing impacts and avoid repetitive issues.
- Develop and document testing controls (GCL/CCL/LCC) identified for each BU, document the results and deviations, and Prepare reports on Operational Risk findings, and other work outcomes with quality and within deadlines.
- Aligns with BU Responsible on any deficiencies or control gaps.
- Ensures appropriate remedial actions are defined, documented and implemented when deficiencies are identified within the time limits established for that purpose, and leading specific projects if needed.
- Support Business and Functions on Risk and Control Framework implementation, finding and recommendation closure, as well as provide guidance on any issues or queries.
- Organization, monitoring, review and procedures follow up.
- Ensure the accuracy and integrity of risk incident data through periodic validation of the risk incidents database against accounting records.
- For all the components, provide guidelines and training on the methodology to the managers and control that the managers have performed the tasks they are in charge of. OPC work closely with the heads of the business and collaborate various leadership teams providing technical advice and support.
- Conduct:
- Participate on the Conduct governance implementation,
- Conduct risks (Management / mitigating processes and controls)
- Apply and Acts under Conduct principles
- Proper assessment of risk when business decisions are made, by driving compliance with local and group rules, applying sound ethical judgment regarding personal behavior, conduct and business practices.
Qualifications
Professional in Administrative Sciences (including accountants, business managers, and economists) or Industrial Engineer, particularly those with experience in defining procedures and implementing controls.
Candidate with a minimum of 3 years of experience in Operational and Risk Control framework, preferably with a background in back office and/or middle office operations, experience in capital markets and custody and expertise in control validation.
- Domain methodology for risk management (identification, measurement, monitoring and control), knowledge of operational risk frameworks and standards (e.g., COSO, ISO 31000).
- Understanding of regulatory requirements and industry standards (e.g., Basel)
- Experience with risk management software and Data analysis and visualization tools (e.g., 360, Excel, Tableau, Power BI).
- listening and analytical skills, he must build strong relationships with relevant business areas to be aware of business developments and their impact on the operational risk profile.
- Experience in operations, audit and control areas.
- Skills or competencies (among but not limited to the following list)
- Behavioral Competencies
- Ability to Collaborate / Team Work
- Communication Skills – oral & written
- Active listening
- Creativity and Innovation / Problem Solving
- Ability to Synthetize / simplify
- Resilience
- Personal impact / ability to influence
- Attention to detail / rigor
- Ability to deliver / Results Driven
- Transversal Competencies
- Analytical Ability
- Ability to set up relevant performance indicators
- Ability to develop other & improve their skills
- Ability to inspire others & generate people’s commitment
- Ability to anticipate business / strategic evolution
- It is persistent, focused and self-motivated, with a sense of initiative.
- Fluent in English.
- The position requests a strong sense of confidentiality.
Direct Reports
Head of OPC CIB Colombia
Interactions
List by Job Title key stakeholders (positions’ names) separated by internal and external and including a brief description why is a key interaction.
Internal:
- Local Management (CEO/COO/Head of Business)
- Local Teams (Legal/Compliance/COCE/Finance/IT/Legal/RISK/M&C/Other as required)
- Risk Representative Colombia
External:
- Regional Stakeholders (Business CCCO/OPC/IG/RISK functions)
- Others as required
Decisions
N.A.
Training
List mandatory trainings that position holder must attend during the first year in position, in order to be able to perform successfully the job; these include:
Capital Markets and Custody COCE
Compliance Politicians Compliance
Activities developed by the entity CFO Colombia
Accounting Control Plan (Standard/Non Consol) Finance - Internal Control and Reporting
Finance Systems (A2, LAP, Heinsohn, other) Finance - Internal Control and Reporting
Entity's tax profile CFO Colombia
Corporate tax reports CFO Colombia
Global Politics and Permanent Control Framework Head of Risks
SIAR General Framework Head of Risks
