Line 1 Operational Risk

What is this position about?

The role of the OPC Manager is to ensure the continuous operational risk management framework is implemented and adequately adapted. To achieve this objective, the OPC role supports Securities Services managers and works closely with the Line 2 Risk and Compliance teams.

**OVERVIEW OF THE ROLE**:
The OPC mandate is to support Securities Services managers in:

- The identification, assessment and management of operational risks.
- The definition of risk appetite and the corresponding risk monitoring and mitigation framework.

**GENERAL RESPONSIBILITIES**:
**Identification and assessment of risks and controls**
- Support Securities Services managers in:
- Completing the Risk Control Self-Assessment (RCSA) -specifically, in the performance of risk identification, evaluation and validation of the Risk profile assessment and in defining action plans for high and notable risks.
- The identification and assessment of 3rd party risk and in defining and operating a risk mitigation and monitoring framework based on Group guidelines.
- The operational risk assessment of new activities, products or large projects.
- Follow up on remediation plans and conditions when necessary.

**Verification and controls assurance**
- Support Securities Services managers in defining and deploying the generic control plan where necessary and implementing controls consistently with the local risk assessment.
- Challenge first level controls.
- Follow up unsatisfactory and marginally satisfactory results.

**Operational Risk Incidents**
- Ensure significant incidents are identified, alerted to management, analyzed and entered to incident management system.
- Management reporting on incidents.

**Audit Recommendations**
- Support Securities Services managers in implementing audit recommendations and permanent control actions.
- Follow up with those responsible for implementing recommendations.
- Produce reports and escalate upcoming and overdue recommendations.

**Governance and reporting**
- Ensure the Group and Securities Services governance and reporting framework is implemented.
- Actively contribute to non-financial risk committees locally and regionally.

**Awareness and training**
- Ensure awareness of operational risks and management across Securities Services.
- Provide training to both new and existing staff on the operational risk and permanent control framework.

**Anti-Fraud**
- Support Securities Services in the identification and assessment of internal and external fraud risks, and in the definition and performance of an anti-fraud control framework in compliance with Group guidelines, regulations and the risk environment.
- Ensure the existence of a fraud prevention and protection correspondent tasked with the implementation and adaption of the framework.

**ISAE**
- Help in the preparation and management of control testing.
- Support Securities Services managers in the ISAE certification - specifically in the review of exceptions and recommendations, escalation of answers to auditors where necessary and management comments.
- Follow up on the relevancy of controls included in the reports and in the implementation of action plans.

**OTHER CONTRIBUTIONS**:
May perform other duties and responsibilities that management may deem necessary from time to time.

**What is required for you to succeed**?
- Strong Communication skills (verbal and written)
- Able to deliver training on operational risk topics
- Able to deliver presentations to large groups
- Analysis/Problem Assessment
- Stakeholder management
- Strong Influencing skills
- Teamwork
- Decision making
- Project management

**Desired knowledge, skill, experience**
- Tertiary qualified
- Ideally CA/CPA qualified
- Knowledge of operational risks and controls within financial services
- Knowledge and experience in financial services, including end-to-end process flows and associated risks and controls
- Knowledge and experience in an external/internal audit or risk management role

**About BNP PARIBAS**

BNP Paribas is a top-tier European and international banking establishment, with an uninterrupted presence in the APAC region since 1860 and in Australia since 1881. Combining global expertise and local know-how, BNP Paribas in Australia and New Zealand delivers solutions to our clients through Corporate and Institutional Banking and Asset Management - a bridge between corporate and institutional clients.

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 several 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 representati