Chief Risk Officer

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group:

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line/Function:

RISK is a global and independent integrated Function acting as a second line of defense. RISK relies on selective approach as prescribed in the Group procedures, this includes quality of the analysis submitted, different risk scenarios and quantification. The assessment of the Operational Risk Framework relies on RISK ORM procedures & methodologies deployed. At ISPL, Risk Management activities are divided across two pillars - ISPL Platform Risk Management and ISPL RISK Hub supporting global RISK streams playing an active role in the Group RISK Transformation strategy. The RISK hub comprises of multiple RISK streams which include Operational Risk Management, Group Data Protection Office, Group RISK ORM ICT CoE, RISK IT, RISK MFI and Transversal Risk teams. We continue to grow new capabilities in RISK Quants across RISK SIGMA and RISK MFI Valuation Methodologies

Job Title: Chief Risk Officer - BNP Paribas India Solutions - Mumbai

Reports to: CRO India and CEO ISPL and CRO APAC

Department: RISK Grade: Director Number of Direct Reports: 6

Position Purpose

As CRO ISPL:

• Directly oversee the RISK ISPL platform, covering both the risks relating to ISPL itself as well as nearshoring offshoring activities of RISK streams.
• Drive the overall RISK transformation strategy in ISPL and work closely with local, regional and central teams
• Be a single point of contact for risk matters to ISPL General Management, other ISPL Functions (Finance, HR, IT, admin…), RISK CTOO and RISK APAC Management (CRO APAC and CRO India)
• Leading the transformation and development plans for the Risk Hub in India
• Contribute to the promotion of strong risk culture and risk governance in ISPL

Head of RISK Hub reports functionally to the RISK CTOO and hierarchically to the Territory CRO.

Head of RISK Hub will also be part of the network of RISK ORM, in the context of its role regarding the supervision of the operational risks of BNPP Hubs operating in the Territory where the RISK Hub is located.

Responsibilities

Management of the RISK Hub

The elements listed next constitute the basis of the delegations of authority given by RISK to the Head of RISK Hub related to the management and animation of the RISK Hub:

Contribution to the animation of the RISK Hub network and strategy definition

• Contribute to the development of RISK Hubs’ value proposition and global organization and their strategy definition in coordination with RISK CTOO (and taking into account Territory orientations as relevant),
• Contribute to the animation and governance of the RISK Hubs’ network,
• Contribute to the best practices sharing process within the RISK Hubs’ network,

Management of the RISK Hub

• Implement the strategy defined for the RISK Hub,
• Manage the provision of services of the RISK Hub in line with agreed SLAs and KPIs,
• Follow up RISK Hub’s activities with a consolidated view in a dashboard (FTE, KPIs, budget…),
• Set relevant governance to animate the RISK Hub and secure coordination with Group and regional/local partners,
• Secure operational capability of the RISK Hub liaising with local support Functions,
• Ensure an adequate implementation of the permanent control framework in the RISK Hub, including business continuity related elements, and manage adequately the operational risk profile of the RISK Hub activities,
• Manage resources and capacity of the RISK Hub so that any changes are dealt with in order to ensure continuous delivery of services,
• Set up continuous improvement process and resources optimization within the RISK Hub and potentially at Territory level (with other Hubs operating in the Territory or with other local activities). The transformation initiatives proposed are shared and validated with global managers before implementation,
• Ensure that all costs are in line with budget, participate and support budget preparation.
• Participates to the relevant governance of the Territory, for example the relative to the BNP Paribas platform located in the country.

People development

• Ensure solid middle management layer with adequate competencies level and succession planning,
• Ensure strong staff engagement thanks to action plans based on pulse results
• Promote an open and clear communication on RISK context and challenges; explain the strategy to the teams to understand priorities
• Ensure that the independence of the function regarding the management of our human resources is understood and respected
• Develop and support teams of the RISK Hub with recruitment, appraisals, objectives, development, and career path in coordination with RISK and Local Human Resources departments,
• Contribute to RISK strategic projects that impact activities and people topics

Supervision of the operational risks of BNPP Hubs operating in the Territory where the RISK Hub is located

The elements listed next constitute the main mission about the operational risk supervision given by RISK to each Head of RISK Hub:

• Consolidate and provide a holistic view of the operational risk profiles of all BNPP Hubs operating in the Territory in coordination with Territory CRO,
• Contribute to the Territory and other local ICCs by ensuring the exhaustiveness and relevancy of information regarding the operational risks of BNPP’s platform activities and following-up actions decided in relation to this topic,
• Monitor major incidents occurring across the BNPP’s platform activities,
• Ensure internal control awareness across BNPP Hubs,
• Contribute to the interactions with internal audit, regulators as well as supervisors regarding operational risk topics of the BNPP Hubs operating in the Territory.

For the execution of its mandate, the Head of RISK Hub will coordinate with LoD1 and LoD2 teams, located inside and /or outside of the Territory.

Permanent Control Aspects

For all managers:

• Direct contribution to BNPP operational permanent control framework.
• Responsible for the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
• Responsible for reporting all incidents according to the Incident Management System
• Responsible for ensuring job descriptions are written, distributed and updated
• Ensure audit recommendations are resolved within the specific timeline.

Skills and Knowledge Required

10 years of experience in risk management and/or 10 years of experience in nearshoring hubs

Behavioral and transversal skills

Ability to collaborate effectively with a wide range of stakeholders

Ability to understand, explain and support change

Ability to anticipate business strategic evolution

Ability to deliver / Results driven

Business skills

RISK Organization knowledge

Knowledge of Risks, their major processes or regulatory framework

Proficient operational risk knowledge (e.g. RCSA, control plans, incidents management, IT Risk and Cyber security)

Knowledge of métiers and activities covered within BNPP Hubs in the Territory

Knowledge of tools

Permanent control tools (e.g. 360 RiskOp)

Education Level: Bachelors or equivalent

Experience Level: At least 20 + years