MISSION : RISK CIB Operational Risk Management (RISK ORM CIB) belongs to the second line of defence of BNP Paribas Corporate and Institutional Bank (CIB). It is part of the Risk Function of BNP Paribas (RISK) and is placed under the responsibility of the Chief Operational Risk Officer 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. RISK ORM GB EMEA acts as the second line of defence for all Global Banking, CIB Functions, ALM-T, activities carried out in the region, providing CIB and RISK senior management with a front-to-back view of operational risks. It also ensures global consistency of Operational Risk management of Global Banking activities across RISK ORM CIB regions. On this perimeter, the RISK ORM GB EMEA Coordination for remote locations is set up to ensure deployment and ongoing execution of the Group's Operational Risk Management Framework in the locations where RISK ORM CIB Global Banking is not present.
ASSIGNMENT : The Operational Risk Manager will be under the hierarchical management of the Team Leader of RISK ORM Global Banking EMEA for remote locations.
MAIN ACTIVITIES : The Operational Risk Manager will be in charge of the following activities for the various remote locations, in close coordination with the RISK ORM Global Banking EMEA team in Paris:
Identification & assessment of operational risks - Independent challenge and sign-off on the RCSA and control plans (generic vs specific, deployment, organizational scope, major risk coverage, relevance of assessments and action plans). Perform risk assessment of the 1st line of defence control framework, and read-across of identified risks.
Collection of operational risk historical incidents - Independently challenge the analysis of the key incidents, sign-off and follow up on their remediation plan (e.g. via HI Lookback on significant incidents). Alert in case of significant incidents. Perform quality reviews (exhaustive for significant and > 150k€ HI, or by sample for other incidents below 150k€ threshold).
Quantification of potential incidents (for AMA entities) - Perform quality reviews on potential incidents. Independently challenge and sign off the quantifications, leading to temporary completion in case of disagreement.
Independent review - 2nd Line of defence controls - Independently challenge the generic control plans and manage exemptions (e.g. regarding generic controls implementation). Define and execute 2nd line of defence controls (verification, re-performance, direct and thematic controls). Alert on detected risks and attention points resulting from 1st or 2nd line of defence controls. Contribute, challenge and follow up on the implementation of significant action plans, regardless of the level of the control that triggered the action.
Operational Risk Reports - Contribute to the production of the Operational Risk Permanent Control Report. Review and challenge contribution to global and/or local operational risks reports.
Recommendations and permanent control actions - Report on recommendation/actions implementation and management of the escalation process. Verify the proper operation of the local follow-up framework.
Operational Risk governance bodies - Contribute to Local Operational Risk committees in liaison with 1st line of defence. Contribute to TAC NAC - New Transaction or Activity Validation Committees (i.e. for new product, new activity or new IT system implementation, new organisation, outsourcing initiative) in liaison with local sites. Support the local 1st line of defence (including OPC) to share and ensure the respect of norms, OR methodologies and procedures as well as correct Risk Assessment identification and operations (regular points, support on the new standards and tools, assistance during the reports of Permanent Control, feedbacks).
Business skills - Good knowledge of the CIB businesses, products and processes, in particular but not limited to Corporate Banking and the Credit Process. Interest and/or experience in the Operational Risk Management. Cultural knowledge of the norm context. Audit experience appreciated. Language: fluent English. Desirable French fluent.
Behavioural skills - Management capacity and motivation of the teams. Initiative, dynamism. Analytical and synthetic skills. Excellent interpersonal skills, communication and negotiation.
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