Compliance Risk Assessment Officer

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2024. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

**The position at a glance**

Americas Compliance is an independent governance function headed up by the Chief Compliance Officer for the Americas (Americas CCO) based in New York with responsibility for all Compliance activities in the United States (comprised of business lines rolling up to International Financial Services (IFS) and CIB) and CIB activities in Canada and Latin America. Reporting directly into the Americas CCO is the Compliance Chief Operating Officer (COO) for Americas Compliance. The Compliance COO is, among other things, responsible for Compliance Risk Assessment; Compliance Risk and Control Self-Assessment (RCSA) of Compliance-owned process operational risks; Compliance Issue Management; Compliance Monitoring; Compliance Historic Incident management; and other related permanent control activities

**In detail**

Demonstrate BNP Paribas’s commitment to compliance by assisting in the administration of a comprehensive CIB Americas and US Compliance Risk Assessment program (non-Financial Security) for the Americas including, the US (CIB and Asset Management); Canada; Brazil; Argentina; Colombia; Mexico and Cayman. The Compliance Risk Assessment Program serves as a foundation point within the overall Compliance Program for BNP Paribas. The Federal Reserve, BNP Paribas’ primary regulator, reaffirms the importance of the risk assessment function in their Supervisory Letter (SR) 08-8 ‘Compliance Risk Management Programs and Oversight at Large Banking Organizations with Complex Compliance Profiles’ which states that ‘Risk assessments are the foundation of an effective compliance monitoring and testing program. The scope and frequency of compliance monitoring and testing activities should be a function of a comprehensive assessment of the overall compliance risk associated with a particular business activity.

The Program requires the identification, measurement, and assessment of the compliance risk associated with applicable laws and regulations by the development and deployment of a methodology that determines ratings for Inherent Risk, the Control Framework, and Residual Risk. The Program also identifies control gap issues that may require remediation as well as assessing whether business activities and operations remain within an established compliance risk profile. As a member of the Compliance Risk Assessment team help to promote and utilize consistent Compliance Risk Assessment methodologies and practices and align as appropriate with IHC Operating Entities (covering CIB, and US Asset Management (US AM)) including compliance risk assessment officers, domain leads, business contacts, and representatives from Group Compliance in Paris, US CIB RISK, and other relevant parties.

The role of the CIB Americas Compliance Risk Assessment AVP includes assisting with:

- Creating and maintaining the process by which the business will document and assess their controls through the risk assessment framework;
- Assist with ongoing maintenance of Compliance risk taxonomy to categorize regulatory requirements and obligations;
- Training and coordinating the execution of Compliance Risk Assessment campaigns:

- Developing databases and questionnaires, report on risk assessment results, and securely store all risk assessment documentation;
- Conducting quality assurance reviews of risk assessment results to review consistency and completeness of responses;
- Supporting 1LOD with the documentation of corrective action plans in the appropriate repository along with owner and target date;
- Identification of potential enhancements to the compliance risk assessment methodologies, procedures, processes, tools and user interface, risk indicator inputs, analytics and reporting formats;
- Complying with external regulatory requirements and expectations; internal control standards; Group, Americas, IHC and Operating Entity policies, procedures and standards with regard to Compliance Risk Assessments as appropriate;
- Support for Compliance permanent control activities within the COO Function activities such as compliance testing and monitoring; compliance function operational permanent controls activities; training; and regulatory identification and change management;
- Development of Compliance Risk Assessment reporting and presentations to appropriate governing bodies;
- Responding to regulatory, audit and testing requests.
- Results and Impact- Able to influence peers and team.
- Demonstrates good judgement when making decisions of high complexity and impact.
- Exercise a