Operational Permanent Controller

Position Purpose

Within the BNP Paribas India Solutions Pvt Ltd (ISPL) Organization, the OPC (Operational Permanent Control) correspondents for the Information Technology / Global Banking Operations, Global Market Ops, Client Engagement Ops/Functions/Financial Shared Services perimeters is under the management of the Head of Conduct & Controls and works in close relationship with the relevant Operational Entity (OE) teams.

Main responsibilities would involve implementing the operational risk management framework and monitoring the operational risk related to Global Banking Operations area such as Cash management, Trade Finance & Credit Operations activities. Analyze control results (Ops, OPC, LoD2, LoD3) and incidents to identify main operational risks and follow the associated mitigation/remediation actions (including recommendations).

Will also be responsible for the improvement of the overall internal control mechanisms to ensure compliance with regulatory requirements and BNPP Group standards related to GBO Operations.

Responsibilities

Direct Responsibilities

Work closely with Global Banking Operations & Permanent Controllers to ensure that guidelines established centrally are adapted in APAC, Europe & Middle East.

Core knowledge / Subject matter experts in any of the areas in Global Banking Operations such as Trade Finance, Cash Management, Credit Operations.

Identify gaps in the control framework based on Inspection Generale missions, RISK ORM permanent control actions, open risk areas, TAC/NAC, Projects and Incidents. Subsequently review the control plans using a risk-based approach.

Work closely with Central OPC teams to ensure that guidelines established centrally are adapted & cascaded to Operations. Identify existing & potential risk associated within operational processes and implement a strategic solution to mitigate the risk.

Facilitate RCSA exercise & validation with Business owner.

Define and regularly update the control plan based on the Central Control Library & according to the result of the risk assessment, regulations and other risk events (historical incidents, control results, external events, audit missions, etc.)

Identify gaps in the control framework based on the external & internal missions, LOD2 permanent control actions, open risk areas, incidents. Subsequently review the control plans using a risk-based approach.

Risk Management:

Ensure operational incidents are captured, classified, recorded & validated as defined in the group procedure.

Perform Control Testing as defined in the control plan and validate the action plan.

Review newly migrated processes & provide feedback to have effective control framework.

Contribute towards IG missions & other audits as and when the need arises. Also ensuring timely follow ups for any open recommendation/PCAs.

Work closely with Operations, ORM & other stakeholders on topics such as Risk identification, Control framework, Incident Management, Action Plan etc.

Governance:

Lead / Participate in the various Governance forums to ensure clear reporting of control results, incidents, key risks, etc.

Liaise with the Onshore / Local OPCs and contribute towards risk awareness.

Ensure respect of BNPP standards/code of conduct.

Stakeholder management in APAC, Europe & Middle East

Contributing Responsibilities

Regulations, Procedures and Code of Conduct

Ensure that Group procedures requirements are implemented locally, complemented with local specificities (regulations, tools organizations etc)

Ensure that the procedures designed by the businesses and functions are identified, updated, properly stored and communicated to the relevant stakeholders within the OE

Ensure respect of the BNPP standards of Code of Conduct

Pro-actively monitor the regulations changes to ensure cascading in Ops teams. Monitor the implementation of global/local regulations and internal policies by Ops teams. Ensure compliance with global and regional policies, especially Compliance and IT Security

Working knowledge of Compliance, US-Sanctions, Anti-Money Laundering & Boycott, ABC & Terrorist Financing.

Technical & Behavioral Competencies

Effective communication & presentation skills.

Fair understanding about operational risks.

Problem-solving skills

Flexible & dynamic in nature and able to turn around work quickly.

Good analytical skills and control mindset.

Additional relevant competencies:

RCSA

Understanding of offshoring processes and strategies, SLA management.

Experience in Operational Risk Management through previous roles/experience in 1/2/3 LOD (Lines of Defense) or experience in internal/external audit,

Ability to work with cross functional and cross jurisdictional stakeholders.

Specific Qualifications (if required)

CA, or MBA or Postgraduate with Banking or Risk management experience

Should have prior experience on Trade Finance, Cash management and Credit Operations.

Certifications in any of the following areas e.g.: CDCS, CITF, CSDG, CAMS, CFE, CGSS, CTP, CERTICM will be an added advantage.

Hold good knowledge around AML, Sanctions & Financial Security, Swift payments / Cross border remittances & Domestic payments, NACH, TAX payments, NEFT, RTGS, IMPS, Cash operations & Credit Operations.