Department: Global Markets Operations Control (OPC)
About Business line/Function: ISPL CIB ITO Conduct & Controls
Position Purpose
Within the BNP Paribas India Solutions Pvt Ltd (“ISPL”) Organization, the OPC (Operational Permanent Control) correspondents for the IT/Operations/Functions/Financial Shared Services perimeters is under the management of the Head of Conduct & Controls and works in close relationship with the relevant Operational Entity (OE) teams.
Main responsibilities is to implement the operational risk management framework and monitor the operational risk related to OE’s activities. Hence, OPC will analyze control results and incidents to identify main operational risks and follow the associated mitigation/remediation actions (including recommendations).
OPC will be also responsible for the improvement of the overall internal control mechanisms to ensure compliance with BNPP Group standards.
Responsibilities
Direct Responsibilities
Incident Management
• Alert the management and the control functions, if needed, on major incidents.
• Collect incidents including suspected and attempted fraud cases and input the data (including impacts measurement), and the updates in the Group tool.
• Analyse incidents in a timely manner and define, jointly with the relevant stakeholders, the corrective measures which have to be implemented to mitigate risks.
• Follow-up and / or implement self-identified actions plans elaborated by the first line of defence related to significant historical incidents.
• Execute controls on the incidents collection process, in particular within the cross-check exercise with other databases (particularly with accounting).
• Conduct periodic controls assessments as per the Local Control Plan across all the process areas. Raise any non-compliance, and follow up of the corrective actions until closure.