Operational Risk Officer

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 68 countries, with more than 193,000 employees, including around 148,000 in Europe. The Group has key positions in its three operating divisions: Commercial, Personal Banking Services; Investment and Protection Services; and Corporate and Institutional Banking. CIB serves two client franchises: corporate clients and institutional investors.

BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.

BUSINESS AREA

RISK Operational Risk Management (RISK ORM) CIB belongs to the second line of defence of BNP Paribas Corporate and Institutional Bank (CIB). It belongs to the Risk Function (RISK) of BNP Paribas (RISK) and is placed under the responsibility of the Head of RISK ORM CIB, who reports to the CRO of CIB.

The department has responsibility for independently challenging and supervising the Operational Risk management of CIB activities (Global Banking, Global Markets, Securities Services, Information Technology (IT), Operations and Functions) on a worldwide scope. In the territories that CIB operates, there is responsibility to cover the Assets Liability Management and Treasury (ALM-T) operations too. This is achieved through: framing operational risk methodology for CIB and disseminating of risk management culture across CIB; assessing the adequacy of the CIB operational risk management set-up; controlling effectiveness of CIB control environment; contributing to the detection, anticipation and response to risks; alerting CIB and RISK stakeholders on any significant risk issue; providing a consolidated view on CIB operational risks profile.

As the second line of defence for Fraud risk management (interchangeably called Anti-Fraud), RISK ORM has the responsibility for oversight and supervision on Fraud risks for CIB, ensuring and opining that appropriate Fraud risk management efforts are underway and raise any alerts in case of issues to the stability of the Bank and influencing business, functions and technology partners to take sound risk management decisions.

PURPOSE

The Fraud risks including, but not limited to, External fraud and Internal Fraud, data leakage prevention due to fraud, fraud through suppliers, frauds where customers are a victim are key avenues for losses, reputational impact and systemic operational risk for financial services. This role exists to supervise and oversee independently the management of these Fraud Risks across the Lisbon territory specifically, and more widely to assist the EMEA Anti-fraud team in their oversight and supervision.

SCOPE

CIB Global Banking activities worldwide, with a focus on EMEA.

RESPONSIBILITIES

The Operational Risk Officer - Anti-fraud is a risk professional in charge of independently overseeing and supervising the fraud risk management activities by CIB businesses in their scope.

The role requires:
Understanding of the risk and the business activities / processes in their remit

Knowledge of CIB organization where the risk is identified

Anticipation and intelligence on Fraud risks (via external sources / events / seminars / training)

Ability to check and challenge the risk assessment provided by 1LoD by demonstrating their own credibility and expertise

Finally, ability to provide a risk opinion as fraud expert

The generic responsibilities of the role includes:
Anticipation and Awareness

Performs and cascades internal / external watch and intelligence relevant to CIB

Participates and contributes to the risk community at Group level, sharing with other fraud experts in other Metiers / Functions on similar fraud risks

Coordinates with Inspection Generale regarding missions, recommendations, common pain points etc

Participates and provides a risk opinion in TAC/NAC when requested

Takes into consideration local aspects / constraints in collaboration with 1LOD and local Compliance

Provides materials to 1LOD to design fraud management training plan

May train relevant population on that fraud risk

Shares and coordinates with the RISK ORM CIB Anti-Fraud community worldwide in order to keep a cohesive approach to monitor and assess the fraud risk

Organises a dedicated periodic forum to share expertise, knowledge and enhanced awareness, in order to build a community with relevant stakeholders in 1LoD/2LoD/Functions

Prevention

Challenges the fraud incidents and their management

Alerts senior CIB management in case of fraud suspicion and confirmed cases (when reported by 1LOD where remains the first responsibility)

Performs independent testing

Challenges the risk identification and assessment of fraud risks and subsequent action plans

Investigation and remediation

In the event of a fraud, ensures that processes and procedures are accurately adhered to

In case of major events, informs Inspection Generale who have a priority over RISK OR