GROUP BNP PARIBAS
BNP Paribas is an international bank with leading positions in the European market.
It is present in 74 countries and employs more than 192,000 people, 146,000 of whom are in Europe.
The Group holds key positions in its three main areas of activity: Domestic Markets and International Financial Services (whose retail banking and financial services network is part of Retail Banking & Services), as well as Corporate & Institutional Banking, which offers services to corporate and institutional clients.
The Group supports its customers (individuals, entrepreneurs, SMEs, large companies and institutions) to help them carry out their projects by providing financing, investment, savings and insurance services.
In Europe,
the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is number one in retail financing in Europe.
BNP Paribas is developing its integrated retail banking model in the Mediterranean countries, Turkey, Eastern Europe and has an important network on the US West Coast.
In both its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas has leading positions in Europe, a strong presence in the Americas and a solid and growing network in the Asia-Pacific region.
ENTITY: PLATFORM RISK
RISK is an integrated and independent control function of the BNP Paribas Group.
It is the second line of defense on the risk management activities of the Group which are under its direct responsibilities, including credit and counterparty risk, market risk, funding and liquidity risk, interest rate and foreign exchange risks in the banking book, insurance risk, operational risk, and environmental and social risks.
RISK aims at being a partner of the businesses by contributing to their sustainable development, but also a gatekeeper to ensure risks taken remain compatible with the Group's Risk Appetite and its strategy.
RISK Iberian Hub Madrid is a transversal platform servicing the RISK Function by covering added-value activities around credit risk, market risk, operational risk and data protection.
Offering a wide range of services to RISK teams, from consulting to cyber security going through data analysis, modelling or artificial intelligence.
AREA: RISK Operational Risk Management (RISK ORM)
CIB belongs to the second line of defense of BNP Paribas Corporate and Institutional Bank (CIB).
It belongs to the Risk Function (RISK) of BNP Paribas (RISK) and is placed under the responsibility of the Head of RISK ORM CIB, who reports to the CRO of CIB.
The department has responsibility for independently challenging and supervising the Operational Risk management of CIB activities (Global Banking, Global Markets, Securities Services, Information Technology (IT), Operations and Functions) on a worldwide scope.
In the territories that CIB operates, there is responsibility to cover the Assets Liability Management and Treasury (ALM-T) operations too.
This is achieved through: framing operational risk methodology for CIB and disseminating of risk management culture across CIB; assessing the adequacy of the CIB operational risk management set-up; controlling effectiveness of CIB control environment; contributing to the detection, 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 defense for Fraud risk management (interchangeably called Anti-Fraud), RISK ORM has the responsibility for oversight and supervision on Fraud risks for CIB, ensuring and opining that appropriate Fraud risk management efforts are underway and raise any alerts in case of issues to the stability of the Bank and influencing business, functions and technology partners to take sound risk management decisions.
ABOUT THE ROLE MISSION
- Purpose: To provide independent and control function opinion on fraud risks for each new activity or transaction.
In the future, industrialize this setup.
- Scope: CIB activities worldwide, covering all business lines and all geographies.
RESPONSIBILITIES:
Corporate and Institutional Banking (CIB) businesses are fast paced, dynamic, growing and complex and RISK ORM CIB is in charge of evaluating and supervising the wider operational risks of all its business lines.
When the source of an operational risk or incident or potential incident is or can be linked with malicious intent (from an insider or from external sources), this requires anti-fraud expertise.
TAC and NAC processes: all new activities and transactions within CIB go through a thorough validation process involving all the CIB functions, including notably: Front Office, Middle Office, Back Office (operations), Business, CCCO, IT, Compliance, Legal, Finance and RISK.
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