Job Description

As the leading European Union bank, and one of the world\xe2\x80\x99s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

More information

Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year

Position Purpose

Located within the RISK Function of BNP Paribas (\xe2\x80\x9cBNPP\xe2\x80\x9d), the role of the Operational Risk Officer South-East Asia (\xe2\x80\x9cORO SEA\xe2\x80\x9d) is to ensure that the operational risk management framework is implemented and operating effectively within CIB entities (incl. regional functions), and to provide RISK ORM APAC and business senior management with relevant, synthetic, transparent, exhaustive and consistent information and a front-to-back view of operational risk across SEA\xe2\x80\x99s activities. To achieve this objective, this 2nd line of defense (\xe2\x80\x9cLOD2\xe2\x80\x9d) role works closely with RISK ORM regional teams, with BNPP SEA, functional and regional top management and stakeholders.
RISK ORM SEA mandate is to independently challenge and supervise the operational risk management framework of BNPP SEA activities. This includes control framework adequacy checks, independent challenge, proximity with the business and contribution to the sign-off process on key decisions. SEA Territories covered are Singapore, Malaysia, Indonesia, Thailand and Vietnam.
Due to the global and regional models applied by BNP Paribas (\xe2\x80\x9cBNPP\xe2\x80\x9d), the role covers as well the contribution to reviews, LoD2 control testing, analysis and reports carried out under the supervision of the RISK ORM APAC regional teams.
In addition, as a member of the Governance and Transversal RISK ORM APAC team, the Operational Risk Officer SEA is expected to contribute to transversal activities of the team, such as the risk management of regional functions, the secretariat of the CIB APAC ICC, the management of the RISK ORM APAC governance forums and the back-up of the Operational Risk Officer North Asia when needed.
In this context, the Operational Risk Officer SEA is member of the RISK ORM APAC Management Committee. He / she reports hierarchically to the Head of Governance and Transversal RISK ORM APAC team.

Key Responsibilities

As the 2nd line of defense, the Operational Risk Officer SEA has the following general responsibilities for the operational risk processes and activities within the scope of RISK ORM (including fraud and third-party risk management):

• ensuring consistent application of the BNPP group, CIB and WM RISK ORM methodological framework and procedures, and adapting locally as required; assist and advise the 1st Line of Defence (\xe2\x80\x9cLoD1\xe2\x80\x9d) in SEA Territories in this respect, in liaison with relevant RISK ORM APAC teams;
• independent challenge of the identification and assessment of the operational risk profile (actual, potential or emerging) and of the risk mitigation framework, coming from the operating entities:

- either during a regular exercise, such as the review of the RCSA (Risk & Control Self-Assessment),
- or by participating to the decision making process (such as a validation process, granting of exemptions or the definition of a remediation plan);

• ensuring effective implementation of risk mitigation strategies, framework & actions with LoD1, through implementation of relevant indicators, follow up of action plans and independent challenge of controls;
• contribution to further raising operational risk awareness, disseminating operational risk culture and training on the risk mitigation framework; development of a strong partnership with and support LoD1 key stakeholders in SEA Territories, APAC stakeholders and functions on operational risk matters;
• independent assessment and alert to management and key stakeholders as required, on the level of risk and on the risk mitigation framework status;
• participation to SEA New Activities Approval Committees (\xe2\x80\x9cNAC\xe2\x80\x9d) and Transaction Approval Committees (\xe2\x80\x9cTAC\xe2\x80\x9d) to express an opinion on operational risk and permanent control related aspects on subjects not covered by the regional RISK ORM teams;
• management and contribution to the operational risk governance bodies, such as the local and regional Internal Control Committees (and other operational risk forums);
• local correspondent for transversal activities under the responsibility of RISK ORM, such as personal data protection, anti-fraud and third party risk management;
• contribution to RISK ORM APAC & global initiatives (e.g. projects).

In addition, RISK ORM assists its peers working with other independent LoD2 roles, including compliance, legal, and finance risk management, whenever expertise on its themes or processes is required or requested.

Qualifications

Competencies (Technical / Behavioural)

Background:

• In-depth CIB-metier, products and processes knowledge
• Sensitivity to and/or experience in operational risk
• Knowledge of regulatory requirements applicable to BNPP SEA entities, and most importantly to BNPP Singapore entities

Soft skills:

• Result driven
• Strong Analytical skills & synthesis ability
• Strong interpersonal skills (communication, negotiation, influencing skills, teamwork)
• Excellent verbal and written communication skills
• English: fluent speaking, reading and writing (proficient).

Specific Qualifications Required

• University graduate with at least 10 years of relevant experience in risk management, control function, preferably with relevant exposure to consulting or audit background.
• Prior experience or practical understanding in previous roles may include but not limited to Front/Middle/Back Office, Operations or Functional role(s).
• Preferred candidates should possess robust knowledge of banking products in the area of Corporate & Institutional Banking.
• Knowledge of key applicable regulatory requirements.

BNP Paribas