Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Business area
In the UK, Global Banking focuses on 4 main business areas: Corporate Clients Group, Global Capital Markets, Low Carbon Transition Group and Transaction Banking.
This role sits within Global Capital Markets, which is a platform designed to provide a fully integrated offer across debt and equity, and work closer with its issuer and investor clients.
Global Capital Markets encompasses several business lines including the Securitised Products Group which is split into Origination & Structuring (O&S) and Resource & Portfolio Management (RPM).
The O&S roles, focusing on EMEA securitisation markets, cover the origination, structuring and execution of transactions in the markets as well as warehousing and sponsor-led acquisition financings, across mortgages, consumer and auto assets, whole business, corporate receivables, NPLs, real estate, SMEs, corporate assets, leveraged loans/bonds and middle market loans. The O&S teams help clients find effective ways to raise and invest capital as well as manage their exposure to risk.
RPM roles cover the resources and portfolio management. Within RPM, Securitisation Portfolio Management (SPM) covers specifically the credit management, the resources management and the execution support of transactions originated by the O&S team. The Non-Financial Risks (NFR) Team also sits within SPM, covering management and control of non-financial risks in the transactions.
Job Purpose
As a Vice President, the role holder will be accountable for completing highly-complex analyses, including detailed review of securitisation audit reports, contribution to designing Due Diligence questionnaires and ongoing Non-Financial Risk (NFR) monitoring. Non-Financial Risks include operational, collateral, IT/data integrity, compliance and fraud risks, amongst others. Will be expected to support the NFR Director in leading workstreams, representing SPG with other teams when relevant and to support the business to achieve its objectives and aspirations.
The NFR Team is responsible for ensuring and promoting the adherence to the NFR Framework, and the Role holder will be responsible for supporting the NFR Director in this regard, identifying, assessing, and monitoring operational risks associated with clients' businesses in both initial Due Diligence phase and ongoing monitoring. The sub-set of clients will be identified with SPM and head of the relevant O&S desks. They will also be relied upon for their input to the continuous improvement of the NFR process. This is a critical role that requires a deep understanding of operational risk management principles, as well as excellent analytical, communication, and project management skills. The successful candidate will have access to certified third party providers for conducting such tasks.
Key Responsibilities
1. Client Operational Risk Assessment
a. Prepare due diligence questionnaires and discussion topics, to cover non-financial risks on the bank’s Due Diligence meetings.
b. Evaluate SPG clients' risk management practices, controls, ownership and governance structures to identify potential vulnerabilities.
c. Develop and maintain a comprehensive understanding of clients' businesses, industries, and regulatory environments.
d. Participate in client-facing Due Diligence meetings, leading discussions on non-financial risk topics.
2. Third-party Audits
a. Applying own knowledge and the NFR Framework guidelines to design tailored AUP scopes for third-party audits, focussed on transaction-specific non-financal risks.
b. Supporting NFR Director with timely analysis of third-party audit reports, identifying key risks and takeaways for the business
c. Suggesting remediations for the client based on key material observations from reports.
3. KYC/AML/Compliance Risk Assessment:
a. Conduct thorough reviews of information provided by SPG clients on their KYC/AML/Compliance set-up
b. Identify potential compliance risks and provide recommendations to mitigate them.
4. Application of Risk Rating / Grading
a. Applying non-financial risk-scoring methodology to securitisation transactions, which can be both objective and subjective.
5. Ongoing monitoring and review
a. Continuously monitor clients' operational risk profiles, updating risk assessments and ratings as necessary.
b. Ongoing use of AI tools to monitor open sources, including news media, company filings, regulatory disclosures and court records.
6. Reporting and Governance
a. Regular and structured updates to the NFR Director on transactions for which you have performed the NFR assessments. Participation in credit committee meetings, together with NFR Director, where pertinent points have come up from the NFR assessment.
b. Supporting NFR Director in maintaining ongoing tracking of audit reports and results, and in preparing summaries for quarterly portfolio review meetings.
7. Continuous Improvement
a. Closely work with all parties - NFR Director, O&S teams, SPM and Risk – to continue refining and implementing operational risk mitigation controls.
Requirements
Requirements:
- Proven experience in operational risk management, or a related field, preferably in a financial services or lending environment.
- Strong understanding of operational risk management principles, frameworks, and best practices.
- Excellent analytical, problem-solving, and communication skills.
- Awareness of KYC/AML/Compliance regulations and industry standards
- Awareness of general audit concepts such as sampling methodology, key audit assertions, materiality concepts etc.
- Soft skills: strong time-management and the willingness to constructively challenge internal / external parties where necessary
- Familiarity with risk management software and tools.
- Experience in data analysis and data visualization tools
- Good citizen behaviour, embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethics, integrity, Code of Conduct). Ability to operate within the Compliance framework imposed by the Bank and external regulators.
Nice to Have:
- Experience in credit risk assessment and management.
- Knowledge of industry-specific regulations and standards.
- Familiarity with risk-based approach to AML and in-depth knowledge of AML regulations and industry standards
- Experience in conducting customer due diligence and transaction monitoring.
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
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