Operational Risk Specialist within a Security Services
Main responsibilities:
- Operational Risk AVP (RISK ORM) is a specialist for the Second Line of Defense (2LOD) within a Security Services (2S) organization.
- The role oversees the operational risk management and the permanent control framework with a steering role over this framework.
- The ORM acts as the bridge between first‑line of defense and independent assurance (internal audit, external auditors), providing risk‑aware guidance, policy oversight, and control‑effectiveness testing. The position is instrumental in embedding a risk‑aware culture, ensuring regulatory compliance, and supporting strategic business decisions through robust risk insight.
- Define / coordinate the governance framework for operational risk (e.g., internal‑control committee, secretariat, outsourcing validation)
- Maintain the permanent‑control framework (policies, procedures, or operating instructions).
- Disseminate methodological standards and ensure alignment with group‑wide policies.
- Check & challenge 1LOD performed Risk & Control Self-assessments ("RCSA") and Historical Incidents as per BNP standards
- Conduct independent testing, risk‑based reviews of 1LOD control frameworks and issue permanent control actions when gaps are identified
Position Requirements:
- Bachelor's degree in risk management, Business Administration, or a related discipline.
- Strong experience in operational risk, compliance, or internal audit within a security‑services environment or another high‑risk, regulated industry (custody, fund administration, securities‑lending, collateral‑management, related post‑trade solutions and Brokerage)
- Proven track record of designing and operating a second‑line risk function, including policy creation, risk‑assessment execution, and independent control testing.
- Advanced proficiency with Governance Risk & Compliance platforms (RCSA, incident management, control methodologies, or similar etc.)
- Regulatory Knowledge: In‑depth understanding of local security services licensing regimes / regulatory requirements, products and services and other relevant statutes.
- Language: Portuguese – fluent, English - fluent (required for interaction with AMER/Group), Spanish - fluent (optional, but valuable for interaction with other Latin American countries).
- Communication: Excellent written and verbal communication skills; ability to translate complex risk concepts into clear, actionable guidance for field staff and senior executives.
- Leadership & Influence: Experience leading cross‑functional projects without direct line authority; strong stakeholder‑management, negotiation, and facilitation skills.
- Personal Attributes: High integrity, confidentiality, and ethical standards; and Proactive, detail‑oriented, and comfortable working in fast‑paced.
Why join BNP Paribas?
BNP Paribas is an international bank with leading positions in the European market. It is present in more than 60 countries and employs nearly 178,000 people. The Group occupies key positions in its three main areas of operation: Domestic Markets and International Financial Services (whose retail banking and financial services network is part of Retail Banking & Services), as well as Corporate & Institutional Banking, which offers services to corporate and institutional clients.
Our presence in Brazil
BNP Paribas has been officially operating in Brazil since 1996. Since 2010, when the Securities Services area began operating, the Brazilian unit has the largest number of business lines in Latin America, making it one of the Group's largest operations in emerging markets. Today, in Brazil, the Group is present with the areas of Corporate and Institutional Banking, Asset Management, Insurance (Cardif) and Fleet Management (Arval).
Currently, the BNP Paribas Group has around 1400 employees in the country. In Brazil, it is among the largest international investment banks in total assets (R$ 112.5 billion, Jun/23, Prudential Conglomerate, Central Bank), offering a diversity of products and multiple solutions to its clients.
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
