Head of OPC, BP2S (EOI) - VP Head of OPC, BP2S (EOI) - VP …

BNP Paribas
in Singapore
Permanent, Full time
Last application, 19 Oct 20
BNP Paribas
in Singapore
Permanent, Full time
Last application, 19 Oct 20
BNP Paribas
BNP Paribas offers you an exciting career opportunity in an international, challenging business environment characterized by high pace and diversity with focus on creating valuable relations with our customers. We offer a competitive salary & benefits package and also an excellent work environment where you’re valued as part of our team!
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 17,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

Worldwide, BNP Paribas has a presence in 73 markets with more than 196,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.

BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you're valued as part of the team.

* excluding partnerships


Position Purpose
The OPC is a key component of the first line of defense as regards of the management of operational risks and permanent controls. The OPC is dedicated to this mission separated from the operational teams within his/her control perimeter.

The OPC Head will assist the OPC Manager in the implementation of all the components of Operational Risk & Permanent Control for the LoD1

Direct Responsibilities

• Assist in the identification and assessment of risks and controls
o Implement the RCSA framework in liaison with operational teams
o Assist the operational in the risk identification and assessment (Risk Map) and ensure the validation by the relevant management level
o Follow up remediation plan

• Procedure and organization
o Monitor the review of the existing procedures as per the required frequency and assess its completion rate on a regular basis and chase the operational teams
o Monitor the proper storage of the procedures

• Control and actions plan
o Ensure the generic control plans are deployed at local level consistently with the local risk assessment, when applicable and performed by the adequate teams
o Perform controls according to action plan or specific mandate or for transversal risks
o Ensure that controls results are reviewed and analysed by operational teams and that remediation action plan are defined if and when needed
o Challenge completeness and relevance of the controls performed by the operational and supervise their effectiveness and quality (KRI/KPI)
o Provide feedback to the Management on the action plans defined by the operational team for all the unsatisfactory or marginally satisfactory control results or risk indicator
o Identify missing controls or controls to be updated for the operational

• Recommendation (internal and external including client audit recommendation)
o Provide regular feedback to the Management on the implementation of recommendations; ensure action plan is defined if the recommendation will be not closed on time and a new target date is defined
o Assist auditees throughout the assignment phase by challenging the main features of the recommendations (closure date, key points of closure, scope, wording)
o Ensure closure request are well documented by monitoring and challenging the completeness and relevance of the responses provided by the auditees/implementation managers
o Escalate to the Management any potential issues for timely closing a recommendation
o Ensure the auditees/implementation managers report on a regular basis their achievements and updates in Aurora to monitor the progress and identify issues to close the recommendation on time

• Incidents
o Ensure that incidents are properly reported (clarity and completeness) and updated in Forecast and/ or Birdies
o Quality check: Ensure that incidents are analysed by the operational teams in a timely manner and ensure the implementation as well the follow up of remediation actions or preventives measures
o Alert the Management and ORC team on key incidents as defined in the BP2S incident management procedure
o Perform regular reconciliation between Birdie and Forecast
o Ensure the incidents are closed in Birdie and Forecast by chasing the operational
o Provide to the Management regular feedback regarding lookback analysis of significant incidents
o Ensure effective implementation of actions plans when other locations impacts Singapore

• Awareness and training
o Ensure an appropriate training on operational risks and permanent control framework is provided to employees notably new comers

• Dashboard and Reporting
o Review with the operational their monthly dashboard: risks, incidents, recommendations, control results, action plans, SLA and procedures
o Provide a consolidated view of the dashboards to the Management and escalate any operational risk incident and/or recurring weaknesses
o Provide feedback on operational risks and controls to local 1st LoD committees if any
o Provide a calendar of the audits planned and ongoing if available

• Anti Fraud
o mainain Fraud risk control framework
o Escalate to the Management any issue identified via control framework

o Review and perform Operational risk assessment of any new TAC NAC request (i.e. new product)
o Ensure at local level there is a regular follow up of all the pending conditions raised by control functions until they are met. Follow the implementation with the operational

o Contribute to local committees involving OPC
o Contribute to any OPC projects or initiatives
o Contribute to the SEA OPC call
o Contribute to ISAE3402 audit
o Contribute to the client's audit with the operational

Technical and Behavioral Competencies required

Technical competencies:
• Knowledge of risk management basics
• Analytical skills: ability to collect and handle a significant volume of information, then to interpret them with professional skepticism
• Written communication: ability to write reports, presenting findings and recommendations, being concise and clear
• Ideally previous experiences in Operational Risk, securities, permanent control related topics
• Good practical knowledge of ORUS tool, Office software, preferably including use of macros to analyze data.

Personal / interpersonal competencies:
• Good interpersonal skills: able to communicate and work with staff from other departments
• Team spirit and Team management experience
• Quality focused
• Investigation appetite
• Rigorous and autonomous
• Dynamic and proactive
• Efficient
• Excellent communication and collaboration skills
• Ability to challenge
• Think out the box
• Open-minded and 'can-do' attitude which encourages innovation, embraces change and be flexible by adapting quickly to changing priorities
• Lean approach
• Ability to juggle different projects/priorities and deliver high quality outcomes under pressure
• Approachable, accountable and available
• Strong interpersonal, time management and problem solving skills
• Excellent attention to detail, both written and numerical, and commitment to quality
• Comfortable with coordinating and collaborating with business teams to drive required decisions and outcomes
• Analytical thinking
• Cross functional relationship building is paramount. The role must be able to successfully work with and influence individuals not directly under their control
• Ability to challenge
• Advanced IT skills in relation to Word, PowerPoint and Excel and MS Project or other project tools

Experience and Qualifications required
Previous experience (at least 5 years):
- Audit of financial institutions, or
- Operations in Securities Services industry, in a role related to risk monitoring.
- Operational Risk background

Company Overview

BNP Paribas established its presence in Singapore in 1968. We offer products and services in Corporate and Institutional Banking (Advisory and Capital Markets, and Financing Solutions), Wealth Management, Asset Management and Securities Services. Our clients include large multinationals, local and regional corporations, Financial Institutions and High net worth individuals.

BNP Paribas Singapore has more than 2,200 employees and is the Group’s hub for Southeast Asia, where it has core banking licences in all five Southeast Asian markets in which it operates – Indonesia, Malaysia, Singapore, Thailand and Vietnam.

To find out more about BNP Paribas in Asia Pacific, click here

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