OPC Risk and Control Analyst Glasgow 2023

BNP Paribas is the European Union’s leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.

Our Securities Services business, which forms part of CIB, is a leading global custodian providing specialist post-trade and asset servicing solutions to buy and sell-side market participants, corporates and issuers. Based in 35 locations around the world, our award-winning Securities Services teams have built one of the most extensive custody network in the industry, giving clients the connectivity and local knowledge they need to navigate change in a fast-changing world.

The role

UK Client Delivery comprises of a number of teams and functions covering Operations, IT and Business Change. Operations includes: Investment and Fund Services Operations (IFSO), Banking and Securities Services (BSO), Corporate Trustee Operations (CTO), Depositary Fiduciary Services (DFS), Business Implementation (BI) and Shared Services (SS). The primary objective of these combined teams is the execution of our operational business to create service excellence.

The work involves working to ensure the existence and effectiveness of the risk management framework in line with Metier standards and policies, regulatory obligations and market best practice.

It also incorporates Financial Security across CIB2S with responsibility for development, implementation and maintenance of First Line of Defence controls in line with Group and local requirements for payments, sanctions, wire transfer and KYC reporting requirements.

The team works closely with the business, Client Line & Client Development, Data Protection Office and other SPOCs to support the business in complying with risk mapping, the completion of the RCSA, the completion of Generic Control Plans and other risk mapping and control topics in line with Group and Metier policies and practices.

The OPC role exists to ensure that the operations environment is robust and to promote control & risk management as core components of the business culture.

Key Responsibilities of the role:

• Carry out investigation on major error or breach incidents, to identify weaknesses and propose remedial action
• To perform regular checks to make sure 1st level controls are performed according to their description and to confirm the adequacy of these controls
• Develop best practises within the operation
• Monitor compliance with the Control environment, by liaison with Operations departments, to ensure that outstanding internal audit, Compliance and risk register recommendations are completed in a timely manner
• Develop Management Information data to enable Operations management to monitor service delivery and run the division more efficiently
• Liaise with non-operations departments, including Compliance & Risk, Internal Audit and Finance, and build ties with other global locations
• Promote a strong control culture through a programme of workshops, communication, staff profiling and greater focus during the recruitment process

Norms and Policies

• Be informed on guidelines and policies and communicate these guidelines and policies to the concerned operational managers

Data & Framework

• Ensure the effective implementation and long term compliance with control related data & MI
• Be informed on security and remediation plans implementation
• Get an overall vision on Records of controls under his/her perimeter

Essential Requirements:

• Good understanding of the principles of risk management and the application of effective controls
• Good understanding of the UK Financial Services market
• Teamwork
• Good communication skills
• Accuracy and quality
• Able to look for ways to solve problem and provide analysis across specific operational processes.
• Strong personality who can cope with occasional resistance from other teams and able to deal with challenging situations
• Approachable and able to provide guidance to Operational teams on risk and control topics
• Time and priority management skills
• Flexibility/Adaptability
• Good Excel and Powerpoint presentation skills
• Demonstrable experience of applying risk & control principles

Desirable:

• Previously held a Control and/or Risk based role
• Understanding of the UK regulatory regime
• Understanding of Securities Services’ products and services
• Good understanding of Securities Services’ systems, information flows, and processes
• Familiarity with CIB2S reporting requirements and tools e.g. ORUS, 360
• Risk and / or Regulatory Training/qualifications

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.

As an employee with BNP Paribas, we want to make sure that you are rewarded for your commitment. As such, you will be entitled to our award winning benefits package which includes a generous holiday allowance of at least 34 days (including bank holidays), a non-contributory pension of 12%, private healthcare, GP service and dental cover all as standard, along with a number of personal insurances such as income protection, life assurance and personal accident insurance. We believe in ensuring all our employees have a positive work life balance so in addition you will also have access to a variety of flexible lifestyle benefits such as cycle to work and green car leasing schemes, season ticket loans and reduced cinema and gym membership to name a few.