Permanent Control Analyst
BNP Paribas is a leading European bank with an international reach. It has a presence in 72 countries, with more than 192,000 employees – including more than 146,000 in Europe and over 4,000 in Portugal alone.
BNP Paribas is present in Portugal since 1985, having been one of the first foreign banks to operate in the country. Today, BNP Paribas has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.
Worldwide, 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 realise their projects through solutions spanning financing, investment, savings and protection insurance.
BNP Paribas Corporate and Institutional Banking (CIB) provides to its clients financing, advisory and capital markets services. It is a globally recognised leader in many areas of expertise including among others structured financing and derivatives across a variety of asset classes.
The Operational Permanent Control department is a key component for the management of operational risks. It is an independent control function within the business (1st line of defence) with a reporting line to the head of the operating entity.
The OPC operates and/or coordinates the Control framework relating to all operational risks, including Fraud, Third Party, Conduct, Compliance, Regulatory, Information & Communication Technology risks, and others risks types.
OPC is responsible for the deployment of internal policies and procedures issued by specialized independent control functions part of Risk teams (2nd Line of defence), and for the compliance with external regulatory and supervisory requirements.
OPC department is under the direct management of BNPP Portugal COO (Chief Operating officer), with a functional responsibility towards the Head of BNPP Portugal Branch (Domestic and EMEA Coverage teams)
Units: Portugal Domestic Business, Local Operations (Cash Management, Global Trade solutions, Loans & Guarantees), Facilities Management support function.
ROLE AND RESPONSIBILITIES
Management of the Risk and Control Framework
Identification and assessment of risks and controls (Risk and Control Self-Assessment)
Ensure that key operational units and processes, material risks and risk mitigants are identified;
Perform/drive the risk identification and assessment in liaison with independent control Functions when needed;
Contribute to the definition and follow-up of remediation plan if needed.
Ensure that Group procedures requirements are implemented locally, complemented with local specificities;
Ensure that the procedures designed by the businesses and functions are identified, updated, properly stored and communicated;
Identify and propose calibration of procedures according to the outcome of the risk assessment.
Controls and actions plan
Define and regularly update the control plans according to the outcome of the risk assessment, regulations and other risk events;
Perform and/or coordinate controls according to this control plan;
Ensure that control results are reviewed and analyzed by the Management;
Input in Group tools the control results and major action plans;
Follow-up the implementation of remediation actions.
Findings, recommendations and permanent control actions
Upon notification/receipt of reports, organize the follow-up of the findings and recommendations
Dynamic management of the Operational Risk Management
Management of historical incidents
Alert the management and the independent control functions if needed on key incidents.
Collect incidents (including impacts measurement), report and update in the incidents database, including suspected and attempted fraud cases.
Analyse incidents in a timely manner and define, jointly with the relevant stakeholders, the correctives measures be implemented to mitigate risks.
Follow-up and /or initiate the implementation of remediation actions and the unfolding of long term incidents.
Perform controls on the incident collection process, in particular the cross-check with other databases (accounting or other when existing) and the half-yearly attestation by the local management.
Management support and governance
Active contribution (or organization) to any committee on Operational risks and Permanent Control committees;
Alert and escalate to the relevant level of management any operational risk incident and/or any recurring weakness;
Perform periodic and ad-hoc reporting to the appropriate level of management as well as to independent control functions;
Ensure an appropriate training on Operational risks and Permanent Control framework is provided to employees, notably newcomers.
Area of studies: Management, Risk, Projects, Organisation, Engineering
Expertise: Control & Risk, Organisation, Projects, IT, Management, Compliance
Business skills: Audit, Risk management, Operations
Ability to collaborate/teamwork,
Ability to deliver/results driven,
Organizational skills, analytical and synthetic.
Ability to develop and adapt a process
Office pack: PowerPoint, Word, Excel
Fluency in English
Please note that only applications submitted in English will be considered.
In case you are selected for this role, further documentation will be requested to support your hiring process.
BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.