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Vice President - Operational Risk and Control Manager
BNP Paribas
New York, NY, United States
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Business overview:
The GFS-US Department is a new department within the BNP Paribas Group Compliance responsible for the overall supervision and coordination of the Group’s effort to comply with U.S. and other international sanctions and embargoes. In performing this function, GFS-US may coordinate with other relevant functions within Group Financial Security responsible for risk assessments, monitoring systems and suspicious activity monitoring and reporting. The COO Operational Risk and Control Manager will therefore have to be flexible and adaptable as GFS-US’s activities are new.
The Chief Operating Officer (COO) team has responsibility for all GFS functions including the general administrative management, budget, project management, human resources, IT requirements, communications, reporting and operational permanent control.
The COO Operational Risk and Control Manager operate within the COO Business management function, reporting to the Business Manager. The individual in this role must be able to communicate clearly, serving as fundamental advisor to the Business Manager in the maintenance of an efficient control framework. In order to be successful in this role, the individual will need to demonstrate aptitudes in acting as a reliable consultant to the senior management team of GFS-US. The individual will also need to demonstrate aptitudes in challenging decisions taken by his/her management and will demonstrate confidence to defend his/her own position.
This is an exciting opportunity for a high functioning individual with superior written and verbal communications skills to expand into a role within a Group-wide function in a highly visible position.
Responsibilities:
The COO Operational Risk and Control Manager shall be responsible for all aspects of the GFS-US internal Risk and Control Program as follows:
Risk Analysis & Advisory:
• Assess and quantify potential incidents, document and obtain validation of potential incidents
• Maintain risk and cartography mapping with GFS-US management
• Develop close partnerships with GFS-US team management, Regulatory Affairs, Central COO Permanent Control managers and staff across GFS-US Operations
• Work closely with the GFS-US PMO throughout the vendor selection process as a vendor risk advisor
Control Plan Management:
• Serve as primary liaison with the Central COO and GFS-Paris teams concerning items of mutual alignment
• Facilitates control governance by evaluating, maintaining and enhancing the Operational Risk Control framework
• Perform control testing and document results, along with any evidence, into the Control System
• Work with senior management to ensure that all action plans are appropriately implemented
Incident Analysis:
• Collect historical incidents by users and report these incidents in the BNPP reporting dedicated tool (Forecast)
• Contribute to the set-up of corrective action plans and follow-up of implementation
• Obtain the validation from all parties involved and coordinate the sign-off process
• Escalate/report significant incidents to management, Inspection Generale, 2OPC as per group guidelines
Procedures Management:
• Implement efficient procedure framework for SOP’s ensuring they met all local, regional and global guidelines and standards.
• Ensure all GFS-US Procedures remain up to date, with appropriate detail and control documentations, following-up with management as needed
• Maintain existing procedures and draft new procedures for the COO Team, as required
• Maintain maps for each GFS-US process, tying key controls to procedural documents in SharePoint, and create new maps as needed
Performance & Risk Reporting:
• Matures the risk based metrics, scorecards and dashboards to track performance as well as identify and monitor trends across the holding company and driving comment metrics into the various subsidiaries.
• Provide Management with appropriate reporting on incidents occurrences and trends as well as action plans status
• Maintain an annual timeline, list of deliverables and reporting responsibilities for GFS-US within the OPC framework
• Utilizing the Control Register SharePoint tool, maintain local management reporting for L1 and L2 Controls
• Maintain and analyze KPI, KRI and KVI for head office and management reporting, in association with the Business Methods Manager
Governance & Awareness:
• Provide contribution for GFS-US in Central Permanent Control Reporting, narratives and obligations
• Perform updates to Queras, Merkator and other OPC reporting tools mandated by Group
• Set-up regular meeting to present an overview of the operational risk issues with local line management
• Promote operational risk and control awareness by organizing training with operational teams
• Regularly review OPC resources to ensure regional OPC framework set-up is correctly covering all areas in accordance with risk profile and escalate to line management as appropriate.
• Maintain the OPC procedures for GFS-US
Recommendation Oversight:
• Follow-up and monitor audit (internal and external) and regulatory recommendations with the implementation managers
• Provide ad hoc updates, slides and presentations concerning these status as required
• Provide an overall follow-up report on the implementation of the audit and regulatory recommendations on a regular basis
Vendor Risk Management:
• In conjunction with the Business Manager, complete the vendor risk assessment for new vendors within the GFS-US parameter
• Coordinate with Branch Third Party Risk and IT teams on items requiring follow-up
• Oversee completion of the VAC forms and template
• Ensure that outstanding action plans and vendor deliverables are completed on time
• Provide regular reporting and oversight on the vendor program as it applies to GFS-US
• Ensure repository of contracts is maintained
• Coordinate with the invoicing team to ensure proper understanding of contract terms and payments
Minimum Qualifications:
• Bachelor Degree in Accounting, Finance, Economics or other Business Quantitative discipline
• 5+ years of operational risk management/audit experience.
• Strong understanding of control processes and procedures.
• Sound analytical skills and attention to details.
• Proven aptitude in internal control and operational risk management and follow through from initial set-up to operation
• Experience in financial industry and products but preferably in Compliance
• A fast-track learner, self-driven and self-motivated.
• Excellent verbal and written communication skills with the ability to interact professionally with executives, managers, users and subject matter experts.
• Expert level PowerPoint, Visio, Excel
• SharePoint proficiency
• Knowledge of vendor management principles helpful
Preferred Qualifications:
• Prior experience in IT a plus
• French fluency strongly preferred
FINRA Registration:
• Not Applicable
BNPPRSR