Vice President – Enterprise Risk Identification Officer
- New York, NY, USA
- Full time, Permanent
- BNP Paribas
- 23 Nov 17
BNP Paribas has a well-developed Risk Management culture, which is based on a long-term perspective, a committed management, and a strong and independent risk organization led by RISK. Created at the same time as BNP Paribas, RISK is today a global function present in five continents and at the forefront of Risk Management through best-in-class expertise.
~~BNP Paribas has a well-developed Risk Management culture, which is based on a long-term perspective, a committed management, and a strong and independent risk organization led by RISK. Created at the same time as BNP Paribas, RISK is today a global function present in five continents and at the forefront of Risk Management through best-in-class expertise.
Risk is a Global, Integrated, and Independent function. Its main missions are:
Advise the Bank Management on the definition of Risk Policy;
Contribute as a “second pair of eyes” to ensure that risks taken by the Bank are aligned with its policies;
Report and Alert Bank Management on the status of risks to which the Bank is exposed.
A Risk framework adapted to each Business Lines and associated risks:
Market (equity, commodities, fixed income, forex) & Counterpart risk
Asset & Liability Management & Treasury Risk
Encompassing the whole chain of Risk-taking and monitoring:
Risk analytics and modelling
Portfolio analysis: risk concentrations and stress-testing
Risk Independent validation & Control
Counterparty & transaction analysis
Business Overview Cont’d:
The RISK organization is organized through Global Risk Practices, Transversal Risk Streams, Business Risk Domains and Risk Geographies, as described in the below diagram.
Risk & Regulatory Strategy is part of RISK Anticipation which is a Global Risk Practice. IHC RISK & Regulatory Strategy is part of Risk Geographies “Americas”.
RISK & Regulatory Strategy:
IHC RISK & Regulatory Strategy is centered on risk management and its links to US regulations.
US Regulatory Context:
In accordance with the Dodd-Frank Act, BNP Paribas is required to establish an Intermediate Holding Company (“IHC”) over its US subsidiaries. The IHC is subject to risk-based capital and leverage standards, regulatory reporting, enhanced governance requirements, liquidity risk management, and other requirements.
To this end RISK has established an Enterprise Risk Governance, a Risk Identification Program and technology platforms for producing the enhanced Enterprise Risk Reporting. The IHC Enterprise Risk Identification Program (“Risk ID”) has the following objectives:
1. As a component of the Capital Planning / CCAR Program, the Risk ID supports the scenario creation process; it interacts with the model development process;
2. The Risk ID team is expected to present to various forums and committees; maintain specific documentation, including program doc; present to regulators.
3. As the point of contact, and source of information for the Group Risk Identification effort. Calendar and methodologies need to be efficiently aligned with the Group.
4. As a core resource in support of discussions with, and reporting to Directors and Executive Management. It means in particular that Directors and Executives spontaneously ask for newly identified risks to be added to the Risk ID inventory, or when the Reporting teams are using the inventory as a check-list, when Management Committees receive quarterly updates on the material items, etc.
5. As a comprehensive, coherent, repeatable and auditable process the Risk ID team will have documents to explain how each risk item of the taxonomy is measured in a consistent manner across the business lines; that controls are put in place overall risk ID process’ steps.
RISK & Regulatory Strategy is dealing with other topics, such as Risk Appetite, Regulatory Watch, etc. These topics are in part linked to the Risk ID program.
Responsible for supporting the Enterprise Risk Identification process:
1. Assist and support other Risk Identification managers in their respective roles, in particular as relates to Credit and Counterparty Risks, Market and Liquidity Risks, Interest Rate Risks, Business and Strategic Risks and other Non-Financial Risks.
2. Interface with stakeholders across multiple Business Lines and Regions.
3. Participate to design and preparation of risk workshops with Business Lines and RISK SMEs, assist in Animating and Coordinating the Risk Workshops, Summarize, Analyze and Synthetize output of the workshops.
4. Performs risk management analysis and business impact evaluations and quantifying exposure for the Bank: risk measurement, analysis and forecasting, researches and analyzes regulatory requirements, identifies sources and assists in developing processes for capturing required data.
5. Reviews and analyses trends in internal and external risk drivers.
6. Work closely with
a. All risk areas for aggregation and materiality assessment of the identified risks, CCAR team for scenario creation.
b. The Risk Identification is the corner stone of the CCAR stress testing design for Internal Bank Holding Company’s (“IHC”) scenario, supports the Risk Appetites and Risk Metrics of the IHC/CUSO and feeds the senior management strategic decisions.
7. Designs and prepares risk identification results reports for Executive Management, the Board of Directors, and regulators, and analyzes trends.
8. Participate to the design, development and implementation of the Risk Identification Process across the US, contribute to the Group Risk Identification effort.
Minimum Required Qualifications
• 3 to 5 years of experience
• Analytical skills required
• Polished presentation skills (verbal and written - Easy slide writing knowledge for senior executive level presentation).
• Good Communication Skills and Stakeholder relationship management, including ability to achieve consensus to overcome competing expectations and differing viewpoints.
• Expertise in MS Office, especially Excel
• Intermediate-to-advanced MS Office (especially Project and Visio) and experience with SharePoint collaboration portals
• 3 to 5 years of experience preferably in risk management
• Quantitative and statistical background (preferred)
FINRA Registrations Required:
• Not Applicable