About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,600 employees, of which almost 155,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and 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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.
BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
Candidate Success Factors:
Candidates will be measured on the following four performance drivers that will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Leadership and Collaboration
- Client, Customer and Stakeholder Focus
- Compliance Culture and Conduct
The Valuation specialist role and responsibilities comprise of the following:
- Perform Independent Price Verification (IPV) processes for Fixed Income products with emphasis on credit and rates products
- Propose innovative enhancements to valuation methodologies. Implementation through consultation with and validation from local and global Risk (Risk-GM) and Financial Control groups.
- Effectively manage relationships with Front Office, Risk-GM and Research.
- Contribute to the evolution of the price verification processes. This includes identification of the instruments that create risk in the corresponding parameters and the assessment of alternative checking methods and sources. Analyze and question current processes and contribute to their improvement.
- Actively and regularly coordinate with V&RC Central colleagues to ensure:
- IPV and pre-IPV schedules are agreed and followed
- Results are accurately communicated and included in Global Reporting
- Global practices are understood and harmonized where possible
- Contribute to the maintenance of the matrix (market data cartography) that records the details for all parameters used in the Official PnL,ensuring that all parameters are controlled and accounted for and changes are properly authorized.
- Organize and store all month end reviews and relevant materials, ensuring that records are accurate and complete. Carry out periodic reviews to ensure that documentation is adequate for internal and external reviews.
- Work within a limited period as part of a team and product accurate month end corrections. This might require discussion and timely conclusions with the Front Office and Risk-GM related to the quality and accuracy of the reviews.
- Maintain good working relationships with other Product Control teams, Front Office, Finance and Risk-GM.
Minimum Required Qualifications
- Undergraduate degree in Finance, Economics or Mathematics with high academics.
- 3 + years of relevant industry experience dealing with valuation, PnL reporting, IPV or risk monitoring.
- In-depth Knowledge of Fixed Income products and derivative pricing
- Excellent IT skills with emphasis on VBA, Excel.
- Strong written and oral communication, listening skills, including ability to concisely summarize findings and progress to management, especially in short timing under pressure.
- Ability to think critically, identify gaps in current controls and suggest improvements to existing processes.
- Ability to think in a control mindset, ensure all work is recorded, documented and readily available for audit.
- Ability to work in a global organization and build effective relationship with other counterparts/regions.
- Graduate degree in Financial Engineering, Finance, Economics or hard science.
- Advance relevant certification such as FRM or CFA
FINRA Registrations Required:
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.