Business Risk Controller

Job description

BNP Paribas in Asia Pacific - https://careers.apac.bnpparibas

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 17,000 employees* and a presence in 14 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

Position Purpose

* Intervene as a controller in the business risk management HK team

* Contribute to the Front Office Conduct Surveillance team duties, by (i) conducting analyses of controls outcomes performed by other departments (1st and 2nd lines of defense) and (ii) performing thematic controls as well as portfolio and accounts reviews

* Perform analyses and investigations to detect breaches with regulations or internal rules across the entire scope of WM APAC and to identify points of attention that deserve to be reported to Management

Responsibilities

FRONT OFFICE CONDUCT SURVEILLANCE

Review of controls results and management action

* Perform analyses of the controls outcomes executed by the Permanent Control Asia department or any other control team on the following risk areas: investment suitability, cross border activities, asset transfer, tax compliance …

* Based on an assessment of the cases reported per control results, analyze, detect and report any serious breaches with bank's and regulators' (HKMA/SFC/MAS) rules and regulations to Management (see section below)

* Based on the previous, and as business partner to RMs, assist RMs to carry out necessary actions for proper rectification, ensure RMs understand certain regulations and aid RMs in improving risk behavior to reduce the possibility of recurrence of detected misconduct

* Reviews need to be performed in a timely manner

Reporting / Conduct Committees & Conduct Boards:

* Prepare periodic reports for the team. Ensure the report is accurate, data integrity is maintained and reports issued in timely manner

* Support the team to organize the Conduct Committees and Conduct Boards and document the discussions with other stakeholders

* Track the action items and follow up with other stakeholders

Thematic controls

* In liaison with subject experts, give support to perform a half-yearly risk assessment on business risk and suitability subjects for WM APAC. Complement this assessment with ad hoc reviews upon material change of circumstances
* Based on the above assessment, assist subject experts to plan and execute thematic controls on agreed risk areas with BRM Head HK
* Participate in the definition, execution and follow up of portfolio and accounts reviews, in liaison with other teams involved
* Report any abnormal patterns detected through such reviews to BRM Head HK and Management

Communication

* Escalate issues to Team and Department Heads in a timely manner
* Participate in team meetings to discuss operational and risk matters, progress status and issues noted

Desired profile

Qualifications :

Technical & Behavioral Competencies

* University Degree Holder with minimum 5 years of relevant private banking working experience

* Experience in a business management and/or business risk monitoring with the understanding of Wealth Management businesses, risks and Front Office operational framework

* Communication abilities to ensure interactions with various stakeholders

* Strong analytical mind and problem solving skill

* Good understanding of relevant WM policies and regulatory environments

* Fluent in English, Cantonese and Mandarin

Specific Qualifications (if required)