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Wealth Management OPC Analyst

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BNP Paribas

13d ago

  • Job
    Full-time
    Entry & Junior Level
  • Porto

AI generated summary

  • You need a Bachelor's in Business, Economics, Finance, or Accounting (3-5 years), with up to 2 years in Risk, Compliance, and Project Management. Proficient in Excel, Word, and PowerPoint.
  • You will assess risks, manage procedures, implement controls, document findings, handle incidents, provide management support, and ensure training on operational risks and controls.

Requirements

  • Bachelor's (3-5 years) in Business Management
  • Bachelor's (3-5 years) in Economics, Finance and Accounting
  • Risk and Controls ([0 - 2] years)
  • Compliance ([0 - 2] years)
  • Project Management and Consulting ([0 - 2] years)
  • Ms Office Pack Microsoft Excel (Proficient)
  • Ms Office Pack Microsoft Word (Proficient)
  • Ms Office Pack Microsoft Powerpoint (Proficient)
  • Ability to collaborate/Teamwork
  • Organisational skills
  • Ability to deliver/Results driven
  • Ability to develop and adapt a process
  • Communication skills - oral & written
  • Risk Management - Risk knowledge & awareness

Responsibilities

  • Identify and assess risks and controls (Risk and Control Self-Assessment) by ensuring that key operational units and processes, material risks and risk mitigants are identified.
  • Perform/drive the risk identification and assessment in liaison with independent control Functions when needed, ensuring validation by the relevant management level and consistency with the defined risk tolerance. Contribute to the definition and follow-up of remediation plan if needed.
  • Manage Procedures by ensuring that Group procedures requirements are implemented locally, complemented with local specificities (regulations, tools, organizations ...). Ensure that the procedures designed by the businesses and functions are identified, updated, properly stored and communicated to the relevant stakeholders within the Operating Entity. Identify and propose calibration of procedures according to the outcome of the risk assessment and other risk events (HI, control results, external events, Audit missions).
  • Implement Controls and action plans: by defining and regularly updating the control plans according to the outcome of the risk assessment, regulations, other risk events (Historical Incidents, control results, external events, Audits). Perform and/or coordinate controls according to this control plan. Ensure that control results are reviewed and analysed by the Management and when relevant by operational teams / relevant stakeholders and that remediation action plans are defined if and when needed. Input in Group tools the control results and major action plans. Follow-up the implementation of remediation actions.
  • Document findings, recommendations and permanent control actions: Upon notification/receipt of reports, organise the follow-up of the findings and recommendations, either issued internally (e.g. IG supervision) or externally (external auditors, supervisors) and ensure that they are closed within due date.
  • Manage historical incidents by alerting the management and the independent control functions if needed on key incidents. Collect incidents (including impacts measurement), report and update in the incidents database, including suspected and attempted fraud cases. Analyse incidents in a timely manner and define, jointly with the relevant stakeholders, the correctives measures be implemented to mitigate risks. Follow-up and /or initiate the implementation of remediation actions and the unfolding of long term incidents. Perform controls on the incident collection process, in particular the cross-check with other databases (accounting or other when existing) and the half-yearly attestation by the local management.
  • Provide Management support and governance by active contribution (or organization) to any committee on Operational risks and Permanent Control committees. Alert and escalate to the relevant level of management any operational risk incident and/or any recurring weakness. Perform periodic and ad-hoc reporting to the appropriate level of management as well as to independent control functions. Ensure an appropriate training on Operational risks and Permanent Control framework is provided to employees, notably newcomers. Show ability to take ownership of specific OPC activity streams/topics, and be able to deliver the full and exhaustive actions taken on the assigned process(es) to the management.

FAQs

What is the primary responsibility of the Wealth Management OPC Analyst?

The primary responsibility is to operate the control framework related to all operational risks, including Fraud, Third Party, Conduct, Compliance, Regulatory, and Information & Communication Technology risks, while ensuring compliance with internal policies and external regulatory requirements.

What qualifications are required for this position?

Candidates should have a Bachelor’s degree in Business Management, Economics, Finance, or Accounting, with 3-5 years of relevant experience in Risk and Controls, Compliance, or Project Management and Consulting.

Is experience in risk management necessary for this role?

Yes, some experience in Risk and Controls (0-2 years) and Compliance (0-2 years) is required for this position.

What software skills are necessary for this job?

Proficiency in Microsoft Excel, Word, and PowerPoint is required.

Would I be required to manage historical incidents?

Yes, you will need to collect, report, and analyze incidents, as well as define corrective measures to mitigate risks.

Are there opportunities for professional development in this role?

Yes, there will be opportunities for training on Operational risks and the Permanent Control framework, especially for newcomers.

What is the work culture like at BNP Paribas?

BNP Paribas promotes a culture that supports work/life balance, diversity, and inclusion, encouraging employees to maintain healthy personal lives outside of work.

How does BNP Paribas approach remote working?

BNP Paribas embraces a Smart Working framework based on trust and collaboration, allowing eligible employees to benefit from flexible remote working modalities within a hybrid working environment.

Will I be expected to prepare reports for management?

Yes, periodic and ad-hoc reporting to management and independent control functions is part of the responsibilities of this role.

Does BNP Paribas have a commitment to diversity and inclusion in their hiring practices?

Yes, BNP Paribas is committed to equal employment opportunities and actively promotes diversity and inclusion within the workplace.

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BNP Paribas

The bank for a changing world

Finance
Industry
10,001+
Employees
1848
Founded Year

Mission & Purpose

more than 190,000 employees, including more than 145,000 in Europe. BNP Paribas holds leading positions in its three major operating divisions: ⚆ Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval; ⚆ Investment & Protection Services for savings, investment and protection solutions; ⚆ Corporate & Institutional Banking, which is focused on corporate and institutional clients. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and Investment & Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.