.Business Area OverviewRISK Operational Risk Management (RISK ORM) CIB belongs to the second line of defence of BNP Paribas Corporate and Institutional Bank (CIB). It belongs to the Risk Function (RISK) of BNP Paribas and is placed under the responsibility of the Chief Operational Risk Officer (CORO) for CIB. The department has responsibility for independently challenging and supervising the Operational Risk management of CIB activities (Global Banking, Global Markets, Securities Services, IT, Operations, Functions) on a worldwide scope. This is achieved through:Framing operational risk methodology for CIB and disseminating risk management culture across CIB; Assessing the adequacy of the CIB operational risk management set-up; Controlling effectiveness of CIB control environment; Contributing to thedetection, anticipation and response to risks; Alerting CIB and RISK stakeholders on any significant risk issue; Providing a consolidated view on CIB operational risks profile.As the second line of defence (2LoD) for Information and Communications Technology (ICT) risks and Third Party (TPRM) risks (which are operational risks), RISK ORM has the responsibility to identify the key technology and third-party risks of the Bank and to influence Business, Functions and technology partners to make sound risk management decisions, working with the main Businesses and Functions teams.Key ResponsibilitiesFramework : To assist the RISK ORM CIB TTR TPRM Risk Manager in the review, analysis and challenge of the CIB EMEA TPRM risk management framework and in particular the Group Policy pertaining to Outsourcing Risk Management and the Risk Management of External Suppliers, consistently with RISK ORM CIB TPRM guidelines, and validate any exemption to these norms & standards.Risk Identification & Assessment : To assist the RISK ORM CIB TTR TPRM Risk Manager to challenge and verify on the first line of defence (1LoD) CIB EMEA risk identification, ensure the consistency of potential incidents quantification, conduct independent TPRM risk assessment (incident review, post mortem analysis), and validate closure of permanent control actions (controls implemented by 1LoD).Risk Treatment & Decision : To assist the RISK ORM CIB TTR TPRM Risk Manager in overseeing the risk treatment process (risk acceptance, risk transfer, risk remediation) performed by CIB EMEA (BNP Paribas Entities and their Departments), jointly participate to co-decision Committees (e.G. NAC/TAC or similar) and/or share opinion on the TPRM risks exposure with RISK ORM CIB TPRM Management and 1LoD Management
