Job Description
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, 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.
BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.
The IG Hub UK is a geographical Hub, covering all activities in the UK and Channel Islands.
The Hub has five audit teams. These teams are split by business activity covering all activities within their area of responsibility.
The Hub’s remit is to provide audit services to the Businesses, Operations and Functions in the UK and Channel Islands in close liaison with Senior Management and Head Office entities. The main focus is to help the organisation accomplish its objectives by bringing a systematic approach to evaluate and improve the effectiveness of the governance, risk management, and internal control processes. The GM & ALMT team within the IG Hub is responsible for auditing the Global Markets and ALMT teams in the business.
This role will exercise considerable creativity, foresight, and judgment in conceiving, planning, and delivering IG initiatives, and will be responsible for supporting team members as a leader to ensure that the GM & ALMT IG team is able to provide excellent support to the business by performing risk-based audit reviews and identifying and remediating issues and weaknesses.
The Responsibilities
- Leads complex activities (including, as required, supporting IG assignments and leading audits) within the GM & ALMT team, utilising in-depth understanding of specialist procedures and sectorial knowledge in Capital Markets activities and Asset and Liability Management and Treasury, to resolve issues, develop models and procedures, and monitor trends.
- Develops and manages processes and practices within the GM & ALMT team, in line with relevant policies, procedures and any relevant regulatory requirements or professional codes of conduct, in order to ensure that activities undertaken in the team have sufficient regard to the main risks detailed in the Risk and related Control Matrix.
- Responsible for the day-to-day planning and organisation of assignments within remit, and for ensuring timely performance of assignments. Further, in relation to assignments:
- Directs and oversees the allocation of staff in relation to assignments within remit, supports their execution of assigned duties and contributes to their development (including by preparing and discussing end of assignment appraisals (PMRs) with the Deputy Head of Hub, GM & ALMT).
- Ensures that the Deputy Head of Hub, GM & ALMT and assignment Supervisors are kept updated on the progress of assignments continuously, as is required.
- Assists in the organisation and performance of the annual Risk Assessment process and contributes towards the development of the annual audit plan.
- Assists the Deputy Head of Hub, GM & ALMT in validating the appropriate closure of Recommendations.
- Supports the Deputy Head of Hub, GM & ALMT to report to UK and business ICC’s and IG Committees, including preparing required documents.
- Performs or participates in ad-hoc projects and investigations, and evaluates and validates the closing of recommendations related to GM & ALMT (in line with appropriate procedures), as required.
- Develops strong relationships with key stakeholders in teams being audited (typically heads of departments) to fully understand business requirements and develop appropriate interventions, in order to deliver a high quality service for the business. Further develops the relationship of the GM & ALMT team with operational managers, and is capable of presenting and discussing risk assessments, audit plans, recommendation follow ups and audit reporting with them as needed.
- Leads, motivates and provides coaching / managerial support to help develop individuals within the GM & ALMT team to ensure they have the capability to deliver the objectives set for the department, and that assignment Supervisors and the Deputy Head of Hub, GM & ALMT are kept appropriately updated on the progress of work.
- Contributes to the maintenance and development of the data analytics tools and methodologies used by GM & ALMT Audit team.
Skills & Experience Required
- Professional qualification required with expert knowledge related to:
- Capital Markets activities (Front Office, Middle Office, Back Office) – including expert knowledge in vanilla and structured financial instruments (FX, Rates, Equity, Credit), products lifecycle (Pre-Trade, Trade, Post Trade), Risk Management; and
- Asset and Liability Management and Treasury.
- Proven experience in Risk or Capital Markets activities from Banks or Internal/External Audits or Consulting Firms.
- Good working knowledge of a wide range of IG principles, processes, regulations and legislation appropriate for the GM and ALMT team and ability to translate knowledge and experience into recommendations to improve team operating practices.
- Excellent analytical skills, including ability to understand quickly the critical steps in a process, synthesise and process complex information and understand the related risks of various natures, including use of data.
- Expert working knowledge of policies, procedures, regulations and legislation within IG and company-wide.
- Experience in operating as a people and team leader with a track record of leading teams of professionals at differing levels of seniority to deliver performance objectives.
- Excellent people management skills and an ability to work with individuals to set individual objectives and manage performance to ensure their delivery.
- Good commercial and communication / relationship management skills.
- Thorough and organised with an ability to prioritise and work under time-pressure.
- Excellent written and oral English skills in order to articulate technical issues associated to work area.
- Computer literacy and a good knowledge of standard computer software and able to learn and utilise specialist applications appropriately.
Preferred competencies
- Academic background such as a Masters level qualification in Financial Mathematics or similar subject area.
- Good knowledge of Data Analytics, C++, Python and VBA.
It is preferred that the role holder will be willing to travel from time to time to perform their duties (in particular to Paris).
Equal Opportunities
BNP Paribas promotes equality of opportunity and is committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation.
As an employee with BNP Paribas London Branch, we want to make sure that you are rewarded for your commitment. As such, you will be entitled to our award winning benefits package which includes a generous holiday allowance of at least 34 days (including bank holidays), a non-contributory pension of 12%, private healthcare, GP service and dental cover all as standard, along with a number of personal insurances such as income protection, life assurance and personal accident insurance. We believe in ensuring all our employees have a positive work life balance so in addition you will also have accessto a variety of flexible lifestyle benefits such as cycle to work and green car leasing schemes, season ticket loans and reduced cinema and gym membership to name a few.