Operational Risk Manager

What is this position about?
- Establish the Department as a keen business partner and play a contributory role to the Bank’s business strategy
- Formulate and oversee the development of critical business risk related strategies and policies with a balanced orientation towards business growth, managed risk, efficiency, enhance productivity and quality service
- To identify, evaluate, monitor, report and control/mitigate risks and to properly document risk management strategies, policies and procedures

What would be your typical day at BNPP Paribas look like?

This role sits within the first line of defence (1 Lod) and is based in Singapore

Primary Role Responsibilities

Please provide the most relevant responsibilities and no more than 10 points.

In this role, you will
- Incident Reporting Process

ensure incidents are lodged and escalated on a timely basis (i.e. escalated process is respected - timely follow up with IT, management and stakeholders). Ensure user guides are well maintained and updated whenever new changes / processes are implemented. To perform regular incident reporting to Management, Market Heads and Head of Departments
- Contribution in the Operational Risk Governance of BNPP WM Asia by managing the Procedure Governance Framework:
ensure timely distribution of HO procedures to related Local Stakeholders; for review and adoption/ adaption of local procedures and ensure that dispensation process is managed and tracked (when required).

Ensure proper maintenance of HO vs LO procedures mapping (updates to be performed mínimally once a year). As Secretary of the Procedure Validation Committee, ensure meetings are convened (on needs basis and when required) and the Terms of Reference are respected. Oversee and manage the Local Document Repository System to ensure the integrity and relevance of the procedures lodged. Ensure user guides are well maintained and updated whenever new changes / processes are implemented.
- Risk Assessment and Reporting

Participate in the review and collation exercise of the annual Risk Control Self-Assessment exercise. To assist in the various Risk Reporting required in various forums and to Head Office. For Reporting - ensure timely and consistent reporting of key operational risks and their mitigating actions to management across various forums (Attestation, ORCC, TICC and WM APAC ICC etc.)..
- Recommendations and Finding Monitoring

Perform relevant assessment, review for adequacy of actions taken to address/close Audit recommendations, findings and permanent control actions. To regularly review the stock of Recos and work with stakeholders, following up for timely closure, working towards a target of no overdue recos. To review and ensure the status reports for Head of Sites and COOs are sent every month.

Other contributions
- Potential Incident assessment

to update the assessment of capital cost calculation in accordance with bank's methodology and coordinate the relevant stakeholder's meetings to validate assessment and capital cost calculation within the completion due date.
- Take on ad-hoc projects and initiatives as signed by Department Head

What is required for you to succeed?
- Strong understanding of risk control framework and operational risk management
- Ability to collaborate effectively
- Ability to manage / facilitate a meeting, seminar, committee, training
- Attention to details with good communication skills both written and orally

Required education/certification/licenses
- At least 4 to 8 years’ working experience in the Compliance/Control/ Risk or relevant area

About BNP PARIBAS

As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
- BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
- BNP Paribas MixCity which fosters better representation of women at all levels of the organization
- Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
- BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

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