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Operational Risk Manager
BNP Paribas
New York, NY, United States
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Risk ORC Mandate:
The mission of RISK ORC is to oversee the effective and efficient functioning of the Operational Permanent Control (OPC) framework implemented by business lines and functions (1st line of defense or 1LOD), as well as the measurement and management of Operational Risks (OR). They serve in an independent oversight capacity, as part of the 2nd line of defense (2LOD), ensuring that the 1LOD is fulfilling its Permanent Control (PC) objectives and requirements. RISK ORC’s scope includes the CIB business line, and its supporting operational units and transversal functions across the Americas (US, Canada, Brazil & Latin America).
RISK ORC - Global Banking Mandate:
RISK ORC Global Banking is part of RISK ORC CIB, acting as the 2nd Line of Defense for the Global Banking Business Line (“GB-BL”) in the Americas. The primary role of the RISK ORC GB-BL Operational Risk Manager is to provide relevant RISK and CIB/GB senior management a comprehensive, transparent, exhaustive and consistent front to back view of Operational Risk across GB activities in the Americas.
Key Responsibilities:
BNPP is looking for a senior Operational Risk Manager, at the Vice President level, to support the GB-BL across the Americas. Operational Risk Managers supervise the front to back Operational Risk (”OR”) Management framework and more specifically:
• Establish key relationships with the business lines within Global Banking.
• Develop an awareness of all business activity and advising on decisions with OR impacts such as new activities and other change management/transformational initiatives.
• Assessment, monitoring and effective challenge of the GB BL on risk identification, risk assessment, risk mitigations and Key Risk Indicators (KRI) (incl. remediation or effectiveness of controls).
• Assessment of the Control Framework Effectiveness by defining a business aligned, risk based testing program on an annual basis and review results with control owners and agreeing on action plants.
• Oversight, effective challenge and reporting on operational losses, including both actual and Potential Incidents (PI), and the oversight of root cause analysis and action plans.
• Ensure alignment by working with global counterparts and Group RISK ORC to ensure initiatives are timely implemented at the local CIB level and standardized when applicable.
• Monitor and report on deliverables and alert any risk that arise.
Minimum Required Qualifications
• 7+ years working knowledge of the CIB Global Banking Operations businesses, products and processes such as Trade Finance, Payment processing, Collateral monitoring, Demand Deposit Account OR a detailed understanding/experience in Operational Risk Management
• Bachelor’s Degree in Audit, Risk or another financial Industry related field.
Preferred Qualifications:
• An undergraduate degree in RISK Management or a business related graduate degree (MBA) is a plus.
• Knowledge of DFS, FRB and Prudential Regulations or corporate governance practices a plus.
• Knowledge of Third Party Vendor Management, Information/Cyber Security or Fraud detection will be considered a plus.
• Ability to manage and analyze large amounts of data.
• Excellent verbal and written communication skills required for active interaction with senior business, functional and transversal management. Ability to influence, negotiate and articulate simple clear messages on complex topics.
• Strong analytical and organizational skills. Ability to conceptualize issues and translate into solutions.
• Experience effectively interacting and communicating with senior leaders and regulators.
• Proficiency in Microsoft Office suite (Word, Excel, PowerPoint)
• Strong Presentation skills
• Project Management skills a plus.
FINRA Registrations Required:
• Not Applicable
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
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