Operation & Permanent Control Trainee

BNP Paribas Group is the top bank in the European Union and a major international banking establishment. It has close to 185,000 employees in 65 countries. In Spain we are more than 5,100 employees within 13 business lines.

BNP Paribas Factor meets the financing needs of companies locally, in terms of import and export, and beyond Spain's borders with its international products and offers a wide range of factoring services through its offices in Madrid, Barcelona and Bilbao.

MISSION

The OPC Analyst operates the Control framework relating to all operational risks, including Fraud, Third Party, Conduct, Compliance, Regulatory, Information & Communication Technology risks, and others risks types. OPC is responsible for the deployment of internal policies and procedures issued by specialize independent control functions part of Risk teams (2nd Line of Defense), and for the compliance with external regulatory and supervisory requirements

RESPONSIBILITIES

-Identify and assess risks and controls (Risk and Control Self-Assessment) by ensuring that key operational units and processes, material risks and risk mitigates 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...).
• -Identifyand 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
• -Document findings,recommendationsand permanent control actions: Upon notification/receipt of reports, organize 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),reportand update in the incidents database, including suspected and attempted fraud cases
• -Analyze incidentsin a timely mannerand define, jointly with the relevant stakeholders, the correctives measures be implemented to mitigate risks
• -Follow-upthe implementation of remediation actions and the unfolding oflong termincidents. Perform controls on the incident collection process,in particularthe 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 ofmanagementany operational risk incident and/or any recurring weakness. Perform periodic and ad-hoc reporting to theappropriate levelof management as wellas toindependent control functions.

REQUIREMENTS

• Studies

Bachelor's (3-5 years) in Business Management, or Economics, Finance and Accounting

• Experience

NA

• Languages

Languages: Fluency in English

SKILLS

• Technical

Good notions of Economics

• Transversal & Behavioral

Communication skills - oral & written