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Assistant Vice President - Compliance Risk Assessment Specialist

Posted on Nov 22, 2018 by JobLeads

Not Specified, PR
Senior Appointments
Immediate Start
Annual Salary
Full-Time
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize 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 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 International Financial 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. Assistant Vice President - Compliance Risk Assessment Specialist ( Job Number: COM001458) About BNP Paribas: BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize 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 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 International Financial 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. Business Overview: Americas Compliance is an independent governance function headed up by the Managing Director and Chief Compliance Officer for the Americas (Americas CCO) based in New York with responsibility for all Compliance activities in the United States (comprised of business lines rolling up to International Financial Services (IFS) and CIB) and CIB activities in Canada and Latin America. Reporting directly into the Americas CCO is the Managing Director and Chief Operating Officer (COO) for Americas Compliance. The COO is, among other things, responsible for Compliance Risk Assessment; Compliance Risk and Control Self-Assessment (RCSA) of Compliance-owned process operational risks; and other related permanent control activities. Responsibilities: Demonstrate BNP Paribas's commitment to compliance by managing and administering a comprehensive Compliance Risk Assessment Program (including for both Financial Security (AML, BSA, Sanctions) and non-Financial Security methodologies) to serve as the foundation point within the overall Compliance Program for the BNP Paribas Americas/IHC/US CIB operations and activities. The Program requires the identification, measurement, and assessment of the compliance risk associated with applicable laws and regulations by the development and deployment of a methodology that determines ratings for Inherent Risk, the Control Environment and Residual Risk; the Program also identifies control gap issues that may require remediation as well as assessing whether business activities and operations remain within an established compliance risk profile. As a Compliance Risk Assessment Officer, promote and utilize consistent Compliance Risk Assessment methodologies and practices across the BNP Paribas operating entities in the U.S. and globally as applicable and, in this regard, converse with IHC stakeholders and IHC Operating Entities (covering BoW, CIB, FHB and US AM) compliance risk assessment officers, domain leads, business contacts as well as representatives from Group Compliance in Paris, Global Financial Security (GFS) US, and other relevant parties. This position's scope covers Compliance activities in the U.S. and coordination with other Compliance Risk Assessment Officers including in Canada and Latin America whose activities are CIB oriented; for IHC alignment, coordination will be required with Compliance Officers from other US IHC Operating Entities (i.e., BoW, CIB, FHB and US AM): Responsibilities Cont'd: * Assist with the enhancement and supporting analysis of methodologies, including aggregation of risk ratings at the Operating (and where applicable Legal) Entity and/or country/regional level; * Coordinate with Regulatory Identification and Change Management, Compliance Coverage Officers and business contacts as needed to identify and incorporate applicable regulations for the assessment units/areas based on their products and services; * Oversee the identification and mapping of assessment unit controls to the applicable risk profiles and/or statements; * Coordinate the development of databases and questionnaires to execute the risk assessments, report on risk assessment results, and securely store all risk assessment documentation; * Oversee the maintenance and development of the inventory of key controls (controls library) implemented by the assessment units/areas to mitigate compliance risk; * Coordinate with multiple stakeholders across all assessment units to assess inherent risk, the effectiveness of mitigating key controls (control environment) and determine residual risk for the applicable assessment units/areas; * Work with stakeholders including other Compliance Risk Assessment Officers and Compliance professionals in other Operating Entities and Domain specialty groups to promote consistent risk assessment methodologies and standards to ensure a proper aggregation of risk ratings; * Coordinate quality assurance activities on risk assessment results based on the scope, scale and size of the assessment unit/area; * Analyze and draft reporting covering CIB Compliance Risk Assessment results to the appropriate governing bodies; * Assist with the Identification and compiling of potential enhancements to the current risk assessment methodology, procedures, processes and provide suggestions on how to improve or streamline current practices; and * Utilize Compliance Risk Assessment results to propose contributions to key compliance activities, including but not limited to: the CIB Annual Compliance Plan, Compliance Testing Plans, Compliance training plans and corrective action plans to remediate key control deficiencies, as appropriate; * Comply with external regulatory requirements; internal control standards; Group, IHC and CIB policies, procedures and standards with regard to Compliance Risk Assessments. * Assist with the development and ongoing maintenance of an inventory of risk profiles and/or statements to categorize regulatory requirements and obligations; * Assist with the identification/confirmation of products and services for all assessment units in scope and the adjustment of assessment units as needed; * Coordinate training and oversee execution of Compliance Risk Assessment campaigns including determinations of Inherent Risk, Adequacy of the Control Environment, Residual Risk and the identification of control gaps; * In alignment with the methodology, ensure that corrective action plans are recorded in the appropriate repository; oversee regular updating by issue owners and address/escalate as needed; * Assist with Compliance-owned process Operational Risk and Control Self-Assessments (RCSA) as needed; and * Assist with related Compliance permanent control activities as needed. Minimum Required Qualifications * 3 to 5 years' experience working for a financial services firm and/or self-regulatory organization with a focus on the compliance risk assessment function including methodologies to determine Inherent Risk, adequacy of the Control Environment, and Residual Risk. * Experience in risk identification, assessment and analysis, and proficiency in writing concise and substantive commentary to summarize results. * Ability to identify control gap issues; contribute to development of corrective action plans; and maintain issue tracking, follow-up and escalation as needed. * Strong computer skills including MS Excel (including macros), Word, and PowerPoint. * Excellent execution skills with the ability to work successfully under demanding deadlines and in a change management environment. * Team player with ability to work collaboratively across Compliance not only on risk assessment work but with other complementary areas such as Regulatory Identification and Change Management; Compliance Coverage/Advisory; Policies, Procedures and Standards; Training; Independent Testing; and Reporting and Analytics. * Excellent interpersonal and communication skills with the ability to interact effectively with front and back office stakeholders and senior management. * Strong writing skills. * Strong attention to detail. * Problem solving and root cause identification skills..... click apply for full job details

Reference: 558360369