Job Description

About BNP Paribas India Solutions:


Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union's 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 Union's 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 Group's 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:


Within the BNP Paribas India Solutions Pvt Ltd ("ISPL") Organization, the OPC (Operational Permanent Control) correspondents for the IT/Operations/Functions/Financial Shared Services perimeters is under the management of the Head of Conduct & Controls and works in close relationship with the relevant Operational Entity (OE) teams.


Job Title:


Senior Associate, Operations Permanent Controller, Global Markets Operations


Date:


July 2023


Department:


ISPL CIB ITO Conduct & Controls


Location:


Mumbai/Bangalore


Business Line / Function:


Global Markets


Reports to:


(Direct)


Manager


Grade:


(if applicable)


(Functional)


Number of Direct Reports:


NA


Directorship / Registration:


NA

POSITION PURPOSE
--------------------


Within the BNP Paribas India Solutions Pvt Ltd ("ISPL") Organization, the OPC (Operational Permanent Control) correspondents for the IT/Operations/Functions/Financial Shared Services perimeters is under the management of the Head of Conduct & Controls and works in close relationship with the relevant Operational Entity (OE) teams.


The operational permanent controllers (OPC) have a key role in the first line of defence regarding the management of operational risks and permanent control.


Main responsibilities are to implement the operational risk management framework and monitor the operational risk related to OE's activities. Hence, OPC will analyse control results and incidents to identify main operational risks and follow the associated mitigation/remediation actions (including recommendations).


OPC will be also responsible for the improvement of the overall internal control mechanisms to ensure compliance with BNPP Group standards.

Responsibilities

DIRECT RESPONSIBILITIES
---------------------------

Risk management

• Participate to the definition and to the regular update of the Central Control Libraries (CCL), of the Local Control Plans (LCP) that adapt Generic Control Libraries (GCL) and take into account additional specificities related to risks assessments, regulation or other risk events (historical incidents, control results, external events, audit missions, etc.).
• Execute and/or coordinate controls according to these plans.
• Ensure that control results are reviewed and analyzed by the management of the entity and when relevant by operational teams / relevant stakeholders and that, according to the results, action plans are defined if needed.
• Input the control results or ensure correct input of the control results as well as self-identified action plans elaborated by the first line of defense in the Group tools.
• Ensure tracking of permanent control actions and incident remediation actions to closure.
• Advise the status of the control environment. Use findings of control weaknesses to drive risk management and process & control improvement.
• Coordinate, manage and follow up of internal and external audit findings and recommendations, including recommendations from governing authorities.
• Ensure adherence to reporting in all tools.
• Develop strong relationship with key stakeholders and business partners by addressing issues/concerns in timely manner.
• Work closely with Central OPC teams to ensure that guidelines established centrally are adapted.

CONTRIBUTING RESPONSIBILITIES
---------------------------------

Risk governance

• With the other ITO OPCs, contribute to the risk awareness within ITO and bring into the spotlight key areas of focus/attention.
• Participate in the Permanent Control Committees and ISPL Internal Control Committee, ensuring clear reporting of control results, incidents, key risks, etc.
• Liaise with the Onshore / Local OPCs and contribute to the risk awareness and bring into the spotlight key areas of focus/attention.
• Closely collaborate with LOD2 by attending regular meetings and sharing relevant information

Regulations, Procedures and Code of Conduct

• Ensure that Group procedures requirements are implemented locally, complemented with local specificities (regulations, tools organizations, ...)
• Ensure that the procedures designed by the businesses and functions are identified, updated, properly stored and communicated to the relevant stakeholders within the OE.
• Ensure respect of the BNPP standards of Code of Conduct

TECHNICAL & BEHAVIORAL COMPETENCIES
---------------------------------------

• Minimum 5 years of collaborative experience in Global Market Operations & Operational Risk.
• Knowledge on Trade Life Cycle is required. Experience in Settlements would be a plus.
• Good analytical skills and control mindset
• Ability to integrate various information and synthesize them.
• Good communication and presentation skills, with ability to interact with operations staff and Senior Management
• Ability to work independently and as part of a team.
• Coordination and multi-tasking skill
• Proficient in Microsoft Office Suite (Excel, PowerPoint, Word) for statistical analysis and report production

SPECIFIC QUALIFICATIONS (IF REQUIRED)
-----------------------------------------

Skills Referential


Behavioural Skills: (Please select up to 4 skills)


Critical thinking


Ability to synthetize / simplify


Ability to collaborate / Teamwork


Communication skills - oral & written


Transversal Skills: (Please select up to 5 skills)


Analytical Ability


Ability to develop and adapt a process


Ability to set up relevant performance indicators


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


Ability to understand, explain and support change


Education Level:


Bachelor Degree or equivalent


Experience Level


At least 5 years

Other/Specific Qualifications (if required)