Operational Risk and Permanent Control Officer – Tax

June 26, 2024

Operational Risk and Permanent Control Officer – Tax


  • Permanent
  • PT-Porto
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Global Markets Overview

Global Markets is BNP Paribas’ capital markets business within the Corporate & Institutional Bank (CIB), delivering solutions across asset classes, and industry-leading services for clients including Institutionals, corporates, private banks and retail distribution networks. It is made up of over 3,700 staff globally based in EMEA, the Americas and Asia Pacific, with the main trading floors located in London, Hong Kong, New York, Paris, Singapore and Tokyo.

Within Global Markets, the CCCO is a transversal and independent team responsible for overseeing the non-financial risks and deploying a strong conduct and permanent control framework around these risks, while ensuring integrity and sustainable development of Global Markets. Working in strong cooperation with Business Lines, transversal teams, functions and Bank General Management, GM CCCO has a global mandate across all platforms and all regions.

Team Overview

Global Markets Regulatory Permanent Control is part of the Conduct & Control Office and operates with the primary objective of strengthening the front to end internal control set up for GM regulatory-related risks, designing the risk cartography and sustainable framework, in line with the dedicated Governance, Control Plan & Risk Assessment.

In the context of new incoming regulations and CIB Management’s ambition for a strong governance & control framework, the position primarily focuses on the oversight of the regulatory and tax risks.

The primary responsibility of the GM RPC Officer is to establish, deploy and run the Governance & Control Frameworks specifically called by any Regulation or fiscal law impacting Global Markets Front-Office or required by the Bank’s supervisors.

Key Responsibilities of the position:

This position will have a specific focus on the tax risks. the RPC officer will be in charge of the continuing improving the recent implemented governance ensuring full adherence of Global Markets to all applicable tax laws and responsible to deploy the relevant oversight in term of Risk Identification & Assessment, Control framework, Policies & Procedures, Training & Awareness.

  • Coordinating all committees that ensure continuous adherence to the laws and notably in charge of:
  • Reviewing regulatory-related control results and performance indicators
  • Ensuring escalation of potential breaches
  • Following-up of required remedial actions
  • Analyzing  impact of change of the regulation
  • Participating to the design of any regulatory-related 1st level controls plan
  • Interacting with all relevant partners & functions to identify potential area of concern and reinforce the Bank’s setup by designing ad-hoc remediation plans or implementing IG / Supervisor recommendations having a specific regulatory focus
  • Promoting awareness of laws applicable to GM Front-Officers
  • Supporting the Business in mandatory certification programs
  • Acting as a Single Point of Contact within GM OPC for all regulatory topics to be addressed as part of the BAU team’s mandate
  • Ensuring record-keeping and audit trail of all decisions and supporting documentation in relation to the regulatory governances
  • Coordinating any Group or CIB Regulatory initiative impacting GM incl. the cascading of relevant policies

Skills & Qualifications

  • Good awareness of fundamental risk concepts
  • High ethical standards
  • Tact and ability to interact with partners, functions and Management
  • Ability to work as part of a team will also be expected to prove autonomy, determination, capacity and initiative to achieve objectives set by Management
  • High analytical and communication skills (written & spoken)
  • Understanding of Capital Markets activities, products, processes and business environment
  • Knowledge of the Regulatory landscape impacting Global Markets is a plus

Experience required

  • 2 to 5 year-experience in a similar control function (Consultant, Audit, Risk, Operational Control, Compliance or banking industry) or other risk-focused team
  • Previous position in a regulatory project implementation team or regulation-dedicated control team would be a significant asset
  • Working experience abroad would be appreciated to interact with other regions


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