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We are looking for

Operational Risk & Permanent Control Officer (6 month contract)

Apply REF: ITO000874
Position Purpose
The Operational Risk & Permanent Control Officer is responsible to undertake the Operation Risk and Permanent Control tasks within the COO perimeter, including but not limited to regular control of controls, periodic local, regional and global reporting, risk assessments, operational incidents review and follow-up, and management of outsourcing initiatives and SLAs.
The GPI Operational Risk & Permanent Control Officer role is centered on:
  • Performing Risk Assessments on the underlying activities (risk mapping, quality of associated controls etc.), to be reviewed every 12-18 months
  • Document control plans for each activity, perform control testing, report results, organize regular reviews to set action plans for remediation where relevant
  • Consolidate monitoring and analysis of historical incidents and related action plans
  • Follow up on the implementation of audit findings / recommendations assigned to the COO scope
  • Provide regular feedback to management on risks/controls of their respective operations

Purpose of Department

GPI is a key department that supports the proper execution of CIB ITO strategy in Australia and the APAC region.  It supports the application of general policies and best business practices, in accordance with CIB guidelines and local statutory requirements across all departments.

GPI department is responsible for:

  • Managing the implementation and ongoing support of Operational Risk controls and periodic Permanent Controls reporting
  • Monitoring the management of operational incidents
  • Following up internal and external audit findings and recommendations
  • Identifying process improvement and implementing strategic changes across the organization, following formal Project Management methodologies
  • Managing Business Continuity Plans (BCP) at the Territory level
  • Organizing Territory Operational Risk and BCP Committees
  • Coordinating outsourcing requests and executions of Service Level Agreements between BNPP Australia Branch and other parties
  • Managing the local IT Security topics and liaising with the regional teams where necessary
  • Assisting in the implementation of new systems or enhancements of existing systems
The role requires working closely with the business lines and functions to:
  • Perform regular second-level controls, i.e. control of controls
  • Monitor the frequency and quality of the first-level controls performed
  • Assist in the definition and update of Operation Risk controls and Permanent Control framework
  • Perform annual Risk Assessments for the COO perimeter
  • Report and follow up on operational incidents and their related action plans
  • Ensure all internal procedures are regularly reviewed and updated
  • Follow up on the implementation of audit findings / recommendations assigned to the COO scope
  • Prepare and present periodic local, regional and global reports
  • Manage the processing of new outsourcing initiatives and requests
  • Manage the review, update and execution of all SLAs
  • Proactively participate in internal committees, notably the Internal Controls Committee, Incident Review Committee and Outsourcing Management Committee
  • Coordinate local TAC/NAC when necessary
  • Coordinate or manage local/regional projects when necessary
  • Identify and escalate any significant failures to management and RISK ORC APAC in a timely manner
  • Comply with regulatory requirements and internal guidelines
  • Work effectively with representatives of all departments, from Front Office to Operations and IT, in different locations through good interpersonal and communication skills
  • Maintain comprehensive understanding and documents of the businesses and operational processes and their systems and interfaces

Technical and Behavioural Competencies required


Technical Attributes

  • Solid knowledge and qualification in Operational Risk and Permanent Control
  • Strong business analysis experience would be beneficial
  • Knowledge and qualification in Project Management would be useful, e.g. PMP or PRINCE2 

Personal Attributes

  • Client focused, with confidence dealing with business lines and functions on a daily basis
  • Analytical, with strong problem solving skills
  • Good interpersonal skills and team player
  • Attention to details
  • Methodical and organized, ability to multi-task
  • Reliable and self-motivated, take ownership of and be accountable to assigned tasks
  • Strong aptitude and interest in the financial sector

Experience and Qualifications required

Candidates must possess tertiary qualification, preferably majoring in a quantitative discipline, with 3 to 5 years of Operational Risk and Permanent Controls experience, majority of which should have been gained within a Capital Markets context.

Primary Location: AU-NSW-SydneyJob Type: Fixed TermJob: COMPLIANCE AND PERMANENT CONTROLEducation Level: Other Degrees / Certifications / Vocational, Technical or Professional QualificationsExperience Level: At least 3 years