Operational Risk and Permanent Control Officer - R019073

Licensed sponsor London, England, United Kingdom Full-time Posted 1 hour ago

BNP PARIBAS ASSET MANAGEMENT

BNP Paribas Asset Management (‘BNPP AM) is the investment arm of BNP Paribas, a leading banking group in Europe with international reach. At BNPP AM, we aim to generate long-term sustainable investment returns for our clients, based on a unique sustainability-driven philosophy. This philosophy has shaped our firm and directs all we do: our strategy, our culture, our structure, our products and our processes; the way we engage with our clients and our role in influencing the companies and the markets we invest in.

JOB CONTENT

Role Description And Purpose

The role is part of the LOD1 Controls team within the Investments Business Management team. The IBM team is part of the COO Division within the Investments Platform (encompassing all the investment activities – equity, fixed income, multi-asset and SQI). The role holder will be responsible for operating and coordinating the Investments Division’s Operational and Permanent Control Framework. He/she works closely with BNP Paribas Asset Management CIOs, the COO Investments, the head of Investments Business Management, and the OPC (Operational Permanent Control) community within BNP Paribas Asset Management.

Key Responsibilities

RCSA

Ensure that key operational units and processes, material risks and risk mitigants are identified inventoried and maintained at the appropriate level
Maintain the risk taxonomy, cartography and risk assessment at the appropriate level
Ensure the effective implementation and maintenance of the RCSA framework within his/her 1st LoD control perimeter at the appropriate level
Perform/drive the risk identification and assessment in liaison with independent control Functions when needed, ensuring validation by the relevant management level and consistency with the defined risk tolerance
Contribute to the definition and follow-up of remediation plan if needed

Procedures

Ensure that BNPPARIBAS Group procedures requirements are implemented locally, complemented with local specificities (regulations, tools organizations, …)
Ensure that the procedures designed by the businesses are identified, updated, properly stored and communicated to the relevant stakeholders
Identify and propose calibration of the procedures according to the outcome of the risk assessment and other risk events ( control results, external events, Audit missions, …)

Controls and actions plan

Define and regularly update Investment control plans according to the outcome of the risk assessment, regulations, other risk events (control results, external events, Audit missions, …)
Perform and/or coordinate controls according to this control plan
Ensure that control results are reviewed and analysed by the CIOs and when relevant by operational teams / relevant stakeholders and that remediation action plans are defined if and when needed
Input in Group tools the control results and major action plans
Follow-up the implementation of remediation actions

Findings, recommendations and permanent control actions

Upon notification/receipt of reports, organise the follow-up of the findings and recommendations, either issued internally (e.g. IG supervision) or externally (external auditors, supervisors) and ensure that they are closed within due date

Management of breaches

Work alongside Risk, Compliance and Portfolio Managers to ensure a smooth resolution of investment breaches

Management of potential incidents

Conduct and/or coordinate the assessment, quantification and update of potential incidents in liaison with the concerned independent control functions
Provide information on major / emerging risks in order to promote risk awareness within management decision
Follow-up and/ or Initiate action plans consistent with the entity's risk appetite / tolerance

KEY INTERNAL / EXTERNAL RELATIONSHIPS

Internal: BNP Paribas Group, Transversal Functions (Risk, Compliance), Portfolio Managers, Internal Audit (IG), Operational teams.
External: External auditors/ supervisors
Role Requirements

ESSENTIAL SKILLS/COMPETENCIES (TECHNICAL / BEHAVIOURAL / LEADERSHIP)

Good knowledge of Asset Management activity and investment knowledge to translate Group and audit requirements into appropriate controls, and to challenge them when needed.
A strong understanding of how Portfolio Managers operate in order to define and implement a control plan tailored to Investment activities
Extensive knowledge of control environment
Comfortable with change management in complex organisation, notably involving information systems
Executive communication and exposure to senior management
Demonstrates a good knowledge of risk and fundamental risk concepts and their major processes. Always considers risk in his/her daily activities
High ethical standards
Tact and ability to interact with partners, functions and Management
Inclusive, demonstrates strong relationship-building skills
Able to influence key stakeholders
Articulate with strong communication skills
Ability to work as part of a team will also be expected to prove autonomy, determination and capacity for initiative to achieve objectives set by Management
Determination in delivering on objectives, favouring simplicity
High organizational skills to set priorities, plans actions and monitor their progress
Systematically look for solutions by mobilising resources at every level of the organisation
When faced with complexity, demonstrate a positive, can-do attitude. Constructive
Able to respond to situations using rational decision-making, problem-solving, and conflict resolution skills
Demonstrates high emotional intelligence by being aware of one’s own emotions, strengths, weaknesses, and how these may impact personal performance and/or those around us
Reflects on and learns from mistakes and setbacks

CONDUCT

Be a role model, supporting and fostering a culture of good conduct
Demonstrate proactivity, transparency and accountability for identifying and managing conduct risks
Consider the implications of your actions on colleagues, partners and clients before making decisions and escalate issues to your manager when unsure

Essential Qualifications & Experience

Substantial experience in Asset Management across all Asset Classes preferred
Degree level education or equivalent
Fluent in both French and English (written and spoken)
Excel/Word/PowerPoint: Advanced
Experience using an Operational Management System (OMS) is preferable

Equal Opportunities: BNP Paribas promotes equality of opportunity and is committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation.