AM - Third Party Risk Management

Job Description - APAC

About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks, and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centered on corporate and institutional clients.

The Group helps all of its clients (retail, associations, businesses, SMEs, large corporate and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center.

India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.

About Business Line / Function

Corporate and Institutional Banking (CIB) – Third Party Risk Management (TPRM) team is part of CIB ITO function. TPRM Shared service center (SSC) based out of ISPL is focused on implementation of standardized and synergized global Target Operating Model (TOM) for Third Party Risk Management across CIB.

The Target Operating

Model is a consistent framework to meet stringent regulatory requirements leveraging a risk-based approach, unified processes and standardized tools.

Job Title

AM: Third Party Risk Management (TPRM) Controls

Department

TPRM

Location

Bangalore

Business Line / Function

CIB ITO

Reports To

(Direct)

Grade

(if applicable)

Senior Analyst/ Assistant Manager

(Functional)

Number Of Direct Reports

0 (Individual contributor)

Directorship / Registration

NA

Position Purpose

Lead Controls / Monitoring / Processing role in TPRM SSC is a critical role with primary responsibility of,

• Ensure effective evaluation of third arrangements and timely notification to the regulator; in line with the Bank policies and procedures.
• Ensure effective monitoring and governance of all Third-Party arrangements and their related evidence.
• Timely and accurate completion of applicable service risk assessments and periodic re-assessments.
• Ensuring that right set of controls are in place (in line with global Target operating model requirements) for day-to-day operations of ISPL TPRM SSC and ensure that they are effective in normal course of business.
• Maintaining important policies and procedures for ISPL TPRM SSC
• Reporting, preparation and presentation of MI.

Responsibilities

Direct Responsibilities

• Work with Beneficiaries, Outsourcing Coordinators and relevant SPOC’s to understand, assess and report eligible Outsourcing Notification to the European Central bank.
• Collaborate with TPRM SSC Operations team to assess BAU processes to ensure completion of TPRM controls across all CIB global contracts.
• Carry out annual independent checks / evaluation of controls (Defined in BNP Paribas Group Risk policies) around Third-Party Risk Management process. Identify and report gaps between results and expected outcome.
• Governance – Prepare & organise meetings across Global TPRM community to provide updates on GCP controls adherence.
• Develop and deliver content to Senior Management, Risk SME’s, Audit and Regulatory Representatives summarizing the results controls execution activities.
• Oversee and challenge the TPRM BAU process including – plan, identify and assess, control, and mitigate, test and validate, monitor, and report.
• Reporting – Prepare required management / regulatory reporting.

Technical & Behavioral Competencies

Technical :-

• General Risk management and Controls management awareness.
• Internal Controls Testing/ Internal Audit.
• Understanding and practical application of European Banking Authority (EBA) Outsourcing Guidelines (knowledge of other region/ country/ market’s Outsourcing Gui