Operational Risk and Permanent Control - RCSA

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Unions leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group:

BNP Paribas is the European Unions leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Groups commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line/Function:

The OPC is a key component of the first line of defence as regards the management of operational risks and permanent controls under the authority of the Head of the Entity.

The OPC operates and/or coordinates the entitys Operational and Permanent Control framework related to all operational risks front-to-back and end-to-end , including Fraud, Third Party, Conduct, Compliance, Regulatory, ICT risks, and others risks types in collaboration with other specialized independent control functions and in compliance with internal policies, procedures and guidelines issued by independent control functions as well as with external regulatory and supervisory requirement.

Job Title:

Assistant Manager / Manager / AVP

Date:

May 2024

Department:

OPC

Location:

Mumbai (NKP)

Business Line / Function:

Functions OPC

Reports to:

(Direct)

Vice President

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

None

Directorship / Registration:

N.A.

Position Purpose

A. Risk Control Self-Assessment (RCSA)

• Ensure the effective implementation and maintenance of the RCSA framework within LoD1 control perimeter.
• Identification and assessment of risks and controls
• Perform Risk mapping / Control self-assessment (RCSA) for the Support Functions of the entity.
• Design and implement control framework for the Risks identified for the support Functions of the entity.

B. Controls and Control Libraries

• Define and regularly update the local control plan according to Business lines control libraries and according to the result of the risk assessment, regulations, and other risk events.
• Perform and/or coordinate controls according to this control plan and ensure full Audit trail is available.
• Review and ensure Level 1 Controls are being performed and
• Contribute to BNP Paribas Operational Permanent Control framework.

C. Incident Management

• Analyze incidents in a timely manner and define, jointly with the relevant stakeholders, the correctives measures be implemented to mitigate risks.
• Alert the management and the independent control functions if needed on key incidents.
• Report incidents as per the BNP Paribas Incident reporting policy

D. Governance & Follow ups and Risk Studies

• Preparation of various Risk Committee packs
• Follow up on the implementation of Inspection Generale (Internal Audit) recommendations / findings.
• Identify system/ control deficiencies and perform risk studies and propose solution to strengthen the control environment.

Responsibilities

Direct Responsibilities:

• Overall responsibility for the Risk and Control function for the assigned Support Function
• Ensure the effective implementation and maintenance of the RCSA framework within LoD1 control perimeter.
• Designing and implementing and revisiting the control framework at regular interval to ensure the Risk is rightly addressed and controls modified as required.
• Ensuring all key risk are reported to Senior management
• Ensuring all control deviations reported to Senior management and Control Results updated accurately with all the deviations
• Ensuring a complete audit trail is available of the control performed
• Follow up on the implementation of Inspection Generale (Internal Audit) recommendations / findings

Contributing Responsibilities

• Ensuring accurate reporting for all Risk Committee meetings at ISPL
• Supporting the Risk and the Inspection Generale team (Internal Audit) as and when required
• Train junior staff members as and when required

Technical & Behavioral Competencies

• Understanding and hands on experience in Audit/Risk function in a large Banking / Financial institution
• Strong control mind set
• Ability to work with teams , influence and co-ordinate 
• Good presentation skills
• Strong in Microsoft office
• Strong communication skills
• Ability to collaborate with multiple parties, in order to achieve key milestones within stipulated time.
• Having experience in developing and delivering presentations to senior management

Specific Qualifications (if required)

• Strong interpersonal communication and presentation skills (spoken and written)
• Analytical skills and critical thinking
• Goal oriented
• Strong planning and organizational skills: autonomy, capacity to manage several tasks in parallel and to prioritize to meet deadlines.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Client focused

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Communication skills - oral & written

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to manage / facilitate a meeting, seminar, committee, training…

Ability to develop others & improve their skills

Ability to develop and leverage networks

Ability to understand, explain and support change

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 5 years

Other/Specific Qualifications (if required)