What is this position about?
RISK Operational Risk & Control GM (RISK ORC GM) belongs to the second line of defence of BNP Paribas. It belongs to the Risk Function (RISK) of BNP Paribas and is placed under the responsibility of the Chief Risk Officer.
RISK ORM APAC mission is to provide RISK and APAC Management with a front to back consolidated view on operational risks of APAC activities in order to contribute to the reduction of operational risk and to better respond to Regulator’s expectations. RISK ORM APAC mandate is to challenge and supervise the Operational Risk management of APAC activities.
What would be your typical day at BNPP Paribas look like?
The role of RISK ORM GM Operational Risk Officers is to ensure that the operational risk management framework is implemented and operating effectively across GM APAC activities.
As the 2nd line of defense, you will be responsible for
Governance & Framework
- To ensure proper implementation and application of RISK Governance which to be inline with Group & APAC governance
- To assist and support the 1st Line of Defense on the extension of the Operational Risk management (ORM) framework, and to ensure its compliance with guidelines, as well as its appropriate calibration to manage key risk areas
- To independently challenge and supervise the 1st Line of Defense (LoD1) on Operational Risk matters in liaison with relevant teams
- To contribute to the operational risk governance bodies, such as local and regional Internal Control Committees (and other operational risk forums) or projects.
Risk Identification & Assessment:
- Independent challenge of the operational risk profile (actual, potential or emerging) and of the risk mitigation framework, which includes: Regular review such as Risk & Control Self-Assessment (RCSA),
- Perform independent testing reviews (including specifically regulatory reporting reviews) to assess the risks and formulate actions plans to improve the control framework
- Participating to validation process (TAC/NAC), granting of exemptions or the definition of a remediation plan.
- Establish the generic 2nd level control plan for the responsible scope by following up of KRIs to take proper mitigation actions
- Alerting on attention points resulting from 1st & 2nd level controls ;
- Proposing and coordinating thematic controls, local assessments and oversights.
- ensuring effective implementation of risk mitigation strategies, framework , follow up action plan with LoD1 and independent challenge of controls
Awareness / Training
- Contributing to operational risk awareness and training on the risk mitigation framework, and development of a strong partnership with LoD1 key stakeholders, APAC stakeholders and functions
What is required for you to succeed?
- University graduate with at least 5 to 10 years of relevant experience in risk management, control function. Preferably, with relevant experience in consulting or audit background is preferable.
- Prior experience or practical understanding may include but not limited to Front/Middle/Back Office, Operations or Functional role(s).
- Preferred candidates should possess robust knowledge of front to back of Global Market and Global Markets Operations activities.
- Good understanding of control framework
- Excellent communications skills
- People oriented and team player is essential
Specific Qualifications Required
- Knowledge of key applicable regulatory requirements would be an advantage.
- Strong understanding of operational risk concepts (RCSA, TAC/NAC and incident management)
- Analytical mindset with the ability to assess risks and recommend mitigation strategies
About BNP PARIBAS
As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
https://careers.apac.bnpparibas/(Opens in a new tab)
More information
BNP Paribas - Diversity & Inclusion Journey
BNP Paribas - The Bank Of Green Changes
Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year
