Associate- Third Party Risk Management - Controls

Job Description - APAC

About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks, and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centered on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporate and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.

About Business Line / Function

Corporate and Institutional Banking (CIB) – Third Party Risk Management (TPRM) team is part of CIB ITO function. TPRM Shared service center (SSC) based out of ISPL is focused on implementation of standardized and synergized global Target Operating Model (TOM) for Third Party Risk Management across CIB. The Target Operating Model is a consistent framework to meet stringent regulatory requirements leveraging a risk-based approach, unified processes and standardized tools.

Job Title

Associate Third Party Risk Management (TPRM) Controls

Date

Department:

TPRM

Location:

Bangalore

Business Line / Function

CIB ITO

Reports To

(Direct)

Grade

(if applicable)

Senior Associate/ Assistant Manager

(Functional)

Number Of Direct Reports

0 (Individual contributor)

Directorship / Registration

NA

Position Purpose

Lead Controls / Monitoring / Processing role in TPRM SSC is a critical role with primary responsibility of,

• Ensure effective monitoring and governance of all Third-Party arrangements including the timely completion of applicable risk assessments.
• Ensure effective evaluation of outsourcing arrangements and timely notification to the regulator.
• Ensuring that right set of controls are in place (in line with global Target operating model requirements) for day-to-day operations of ISPL TPRM SSC and ensure that they are effective in normal course of business.
• Monitoring of critical services for upcoming periodic risk reviews. Assessment and management of any ad hoc risk reviews triggered by market events etc.
• Maintaining important policies and procedures for ISPL TPRM SSC
  
  

Responsibilities

Direct Responsibilities

• Collaborate with TPRM SSC Operations team to assess BAU processes to ensure completion of TPRM controls across all CIB global contracts.
• Carry out periodic independent checks / evaluation of controls (Defined in BNP Paribas Group Risk policies) around Third-Party Risk Management process. Identify and report gaps between results and expected outcome.
• Governance – Prepare & organise meetings across Global TPRM community to provide updates on GCP controls adherence.
• Develop and deliver content to Senior Management, Risk SME’s, Audit and Regulatory Representatives summarizing the results controls execution activities.
• Oversee and challenge the TPRM BAU process including – plan, identify and assess, control, and mitigate, test and validate, monitor, and report.
• Reporting – Prepare required management / regulatory reporting.
  
  

Technical & Behavioral Competencies

Technical :-

• General Risk management and Controls management awareness.
• Internal Controls Testing/ Internal Audit.
• Understanding of Third-Party Risk Management including Inherent and Residual Risks.
• Familiarity with Outsourcing Governance and Ongoing Monitoring.
• Familiarity with the financial services especially Third-party risk management would be an added advantage.
• Familiarity with various regulatory Outsourcing Regulatory Requirements
• Familiarity with Computer applications such as Excel, Word, PowerPoint
  
  

Specific Qualifications (if Required)

Behavioural

• Excellent presentation skills
• Excellent ability to work in a multi-cultural, team-oriented environment.
• Excellent ability to work independently.
• Demonstrate fine attention to details.
• Excellent Service quality orientation
• Excellent ability to honour tight deadlines.
• Ability to facilitate buy-in of stakeholders.
  
  

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Communication skills - oral & written

Attention to detail / rigor

Ability to deliver / Results driven

Transversal Skills: (Please select up to 5 skills)

Ability to develop and adapt a process

Ability to understand, explain and support change

Ability to set up relevant performance indicators

Ability to develop and leverage networks

Analytical Ability

Education Level

Master Degree or equivalent

Experience Level

At least 2 years

Other/Specific Qualifications (if Required)

Minimum - Bachelor’s degree or equivalent

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