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Regulatory Risk Business Analyst

by:  BNP Paribas

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BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe's banking history. It has a presence in 71 countries, with 200 000 Employees – including more than 150 000 in Europe and 6 000 in Portugal alone.
BNP Paribas is present in Portugal since 1985, having been one of the first foreign banks to operate in the country. Today, the Group has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.
Thanks to its international presence and regular and close collaboration among its businesses, BNP Paribas has the resources to support all clients -- individuals, entrepreneurs, SMEs, large corporates, institutional investors and community organisations -- with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions: Domestic Markets and International Financial Services for retail banking and specialised financial services, and Corporate & Institutional Banking for corporate and institutional clients.

Global Markets is BNP Paribas’ capital markets business within the Corporate & Institutional Bank (CIB), delivering solutions across asset classes, and industry-leading services for clients including Institutionals, corporates, private banks and retail distribution networks. It is made up of over 3,700 staff globally based in EMEA, the Americas and Asia Pacific, with the main trading floors located in London, Hong Kong, New York, Paris, Singapore and Tokyo.

Within Global Markets, Strategy, Conduct & Risk (SCR) is a transversal and independent team responsible for overseeing the main risks, driving the strategy and managing the financial resources of the business, while ensuring integrity and sustainable development in Global Markets. Working in strong cooperation with Business Lines, transversal teams, functions and Bank General Management, SCR has a global mandate across all platforms and all regions.

GM OPC & TAC Coordination Overview

Global Markets Operational Permanent Control (OPC) & TAC Coordination is part of SCR and also operates in all regions with the primary objective of strengthening the front to end internal control set up for GM, designing the operational risk cartography and driving the operational risk regulatory capital. 

The department is organized around 3 streams: 

•    Validation Process: Coordinate the validation processes and ensure adherence to approval policies under the business responsibility (new activity, exceptional transaction, new proprietary index, new automated trading strategy…) 

•    Risk and Control Self-Assessment & Capital: 
o    Design and maintain the operational risk cartography in line with the Process / Risk / Control approach on both BaU & Major Scenarii
o    Drive GM Operational Risk  Capital calculation & allocation

•    P&L Protection & Control Monitoring:
o    Strengthen FO to End control set up through the analysis of operational risk incidents and the determination of risk reduction actions
o    Drive the Métier in the answer, follow up and closure of any internal or external recommendation
o    Materialize, maintain & improve the FO control plan in dedicated systems 

Covering the 3 areas of the non-financial risk:  Operational, Regulatory and Conduct

ROLE & RESPONSIBILITIES

In the context of new incoming regulations and CIB Management’s ambition for a strong governance & control framework, the position primarily focuses on the oversight of the Regulatory Risk but participation to other areas (Conduct or Operational Risk) may be also contemplated.

The primary responsibilities of GM OPC Officers focusing on regulatory risks are to establish, deploy and run the Governance & Control Frameworks specifically called by any Regulation impacting Global Markets Front-Office (VR, FBL, EMIR, MIFID2, BMR…) or required by the Bank’s supervisors (Administration of BNPP Indices as per the IOSCO principles, Oversight Framework of GM SPV, Surveillance of the Automated Trading activities, Implementation of Sanctions & Embargoes …)

It mainly consists in:
o    Supporting the coordination of all committees that ensure continuous adherence to the laws and notably in charge of: 
-    Reviewing regulatory-related control results and performance indicators
-    Ensuring escalation of potential breaches
-    Following-up of required remedial actions
-    Analyzing  impact of change of the regulation
-    …

o    Participating to the design of any regulatory-related 1st level controls plan
o    Interacting with all relevant partners & functions to identify potential area of concern and reinforce the Bank’s setup by designing ad-hoc remediation plans or implementing IG / Supervisor recommendations having a specific regulatory focus
o    Promoting awareness of laws applicable to GM Front-Officers
o    Supporting the Business in mandatory certification programs
o   Acting as a Single Point of Contact within GM OPC for all regulatory topics to be addressed as part of the BAU team’s mandate (risk assessment exercise, controls implementation, contribution to the New Activity Validation Committee, analysis of operational risk, facing of internal / external audit…)
o    Ensuring record-keeping and audit trail of all decisions and supporting documentation in relation to the regulatory governances
o    Participating in the coordination any Group or CIB Regulatory initiative impacting GM incl. the cascading of relevant policies

PROFILE

o    Good awareness of fundamental risk concepts
o    General understanding of Capital Markets activities, products, processes and business environment
o    High ethical standards
o    Tact and ability to interact with partners, functions and Management
o    Ability to work as part of a team will also be expected
o    High organizational skills to set priorities, plan actions and monitor their progress 

Market, Product and Business Experience

o    1 to 5 year-experience of Capital Market activities
o    Previous position in a regulation-dedicated control team would be a significant asset
o    Working experience abroad would be appreciated to interact with other regions

Please note that only applications submitted in English will be considered.

In case you are selected for this role, further documentation will be requested to support your hiring process.

BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively 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. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.

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