What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.
We are looking for a qualified and motivated candidate to be responsible for contributing to the planning, development and implementation of assigned activities and programs associated with operational risk management for Bank of the West.
1. Reviews, analyzes, and makes recommendations to the design and implementation of the operational risk management framework/measurement methodologies, in coordination with BNP Paribas’ Group Risk Management – Operational Risk, as adapted to the U.S. retail banking environment.
2. Implements and supports operational risk framework/measurement methodologies as they may apply to the calculation of operational risk capital under the Basel II Capital Accord and related U.S. implementation rulemaking. Specific activities are:
3. Historical Loss Incidents Collection: Help business units to formulate their frameworks and collect their historical loss incidents for reporting on BNPP’s Incident Management System (IMS); perform historical loss incidents validation in accordance Basel II Capital Accord and Bank loss classification standards; cross check historical loss incidents with information issued by other departments (e.g. Legal, Insurance, and Loan Administration); and help business units to backtest their historical loss incidents for reasonableness.
4. Process Mapping: Assist business units in mapping their significant business processes on BNPP’s Process Management System (PMS) to ensure the mapping is consistent with the Bank’s operational risks.
5. Potential Loss Incidents Analysis: Lead workshops with business units to identify and select significant potential loss events; perform qualitative and quantitative analysis of significant potential loss events for reporting on BNPP’s Potential Incidents Generation, Control Evaluation, and Quantification (PCQ) System; and help business units to backtest their significant potential loss events for reasonableness.
6. External Historical Loss Incidents: Help business units to analyze external historical loss incidents and backtest their external historical incidents for reasonableness.
7. Business Environment and Internal Control Factors (BEICF): Assist business units in developing, maintaining, analyzing, and backtesting their BEICF for reasonableness.
8. Management and Regulatory Reporting: Reports on operational risk framework and provides assistance on management/regulatory presentations.
9. May participate in the development of operational risk policies and procedures as they apply to the calculation of operational risk capital under the Basel II Capital Accord and related U.S. implementation rulemaking.
10. Accomplishes operational risk assignments within stipulated schedules.
11. Assists Operational Risk Management in maintaining effective and professional relationships with senior management, business and support areas, internal and external auditors, Federal and State regulators, and others dealt with in a professional capacity.
12. Stays current in operational risk management techniques, industry best practices, and regulatory requirements. Makes recommendations when necessary to safeguard the position of the Bank.
13. Performs other duties as assigned by Operational Risk Management.
• Bachelor’s degree (Business Administration) or the equivalent combination of education and experience
• CPA, CIA, CBA, CFSA, CTA, CFE, CRP, or CRCM
• Minimum of four to seven years of risk management and/or auditing operations in a financial or banking institution
• Control and disclosure systems
• Bank products, including deposits, loans, capital markets
• Financial and regulatory reporting
• Asset and liability management
• Bank policies and procedures
• Information technology
• Bank laws, regulations, accounting pronouncements, and SEC regulations
• Basel II Capital Accord and related U.S. implementation rulemaking
• Trust and fiduciary activities
• Treasury and investments
• Work independently with minimal supervision
• Planning, organizing, directing and controlling
• Problem solving
• Decision making
• Personal computer, word processing,presentation software, spreadsheets
• Analytical and conceptual
• Written and verbal communication
What is now Bank of the West has expanded over 130 years from the California frontier to its current position. The bank now serves nearly 4...