Job Title: < AVP >
Department: <FS P&L>
About Business line/Function: <Finance & Strategy/Quants Support>
Position Purpose: < The jobholder will be a part of the Financial Synthesis P&L team joining the Quants Support team (Forecasting and Analytics team), which is part of the broader Capital Management team established to support the IHC Program. This team is responsible for a) supporting the capital stress testing, scenario definition, and related development of models to calculate and forecast the projections under stressed scenarios, b) Capital Planning and Capital Management & c) Resolution Planning. This team will work closely with business and functional areas to promote compliance with various Fed regulations and initiatives.
Responsibilities
Direct Responsibilities
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Detailed responsibilities will include (but not limited to) the following:
Capital Stress Testing:
· Support BNPP in executing the Capital Stress Testing program including co-ordination with various stakeholders, organizing meetings, drafting minutes and follow up items, producing business meeting decks, contribute to Capital Plan Narrative and Governance artifacts.
· Support designing and executing various first line of defense controls.
Quant Modeling Team:
· Support BNPP in its efforts to assist with the model development, deployment, and validation of statistical and financial models
· Develop and enhance preliminary models and approaches (in partnership with LOBs and functional areas as applicable) to support stress testing.
· Support quantitative modeling team in data gathering, data analysis and data management during stress test runs.
· Performing stress testing, back testing, sensitivity analysis, scenario analysis, etc.
· Collaborate with key stakeholders to conduct analysis on various topics and help develop potential solutions and/or approaches.
· Assist in the preparation of regulatory document submissions and interact with regulatory bodies as needed.
· Prepare model documentation and validation reports as needed
· Support efforts in the development of new models, analytic processes or system approaches
· Support business and committee meeting deck preparations
· Support forecasting business results
· Support business analytics and deep dive projects
Capital Management and Reporting:
· Prepare monthly Capital Reporting to senior management.
· Support projects, audits, examinations, internal controls execution for Capital Management and Reporting process
· Support in the preparation of Resolution Plan, analysis of various options including Balance Sheet and Capital analysis.
· Research new Basel guidance, participate in quantitative impact studies and summarize impact to senior management.
IHC Governance & Senior Management Meetings:
· Support and drive IHC Governance meetings, policies, and procedures
· Support in the preparation of Capital Planning Meeting materials, including co-ordination with various stakeholders.
· Drive and support competitor capital analysis.
This position requires daily interaction with teams in New York. Some projects may require travel.
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Contributing Responsibilities
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Performing and ensuring robust operational controls are applied in line with the Group requirement
Continuously striving to identify improvement opportunities to improve efficiency & effectiveness
Drive to value-add with enhanced analysis and commentaries for steering performance
Participating and leading projects, initiatives, projects, system changes/upgradesinsert text here
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Technical & Behavioral Competencies
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· At least 7-8 years of experience in quantitative roles in Financial Services industry (capital markets/investment banking knowledge preferred)
· Understanding/Knowledge of current regulatory landscape related to capital stress testing will be good to have
· Strong quantitative and statistical skills (time series analysis, logistic/ linear regression, and segmentation).
· Business sense in-order to understand quantitative results within the context of the bank's strategy.
· Previous experience dealing with model validation groups
· At least 5 years of statistical analysis and modeling using statistical software using SAS, Python
· Advanced working knowledge of MS Excel
· (Formulae, pivot tables, charts, graphs, power query, etc.)
· Advanced working knowledge of MS Power Point
· Excellent PC skills, ability to learn new systems quickly
· Self-starter, ability to work independently in a fast-paced environment and deliver solid action-oriented results quickly
· Excellent problem-solving analytical skills, detail-orientation, independent thinking, and organizational skills
· Ability to work on multiple projects at the same time and attention to detail
· Strong verbal and written communication skills and strong interpersonal skills with the ability to articulate assumptions, methods, and results to peers and management
· Ability to adhere to strict project and production deadlines, showing strong planning and organization skills
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Specific Qualifications:
< Graduate or post-graduate degree in a quantitative field including Statistics, Econometrics, Economics, Engineering, Mathematics or related field or equivalent experience >
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
- Analytical Ability
- Ability to anticipate business/strategic evolution
- Ability to understand, explain and support change
- Ability to develop & adapt processes
Behavioral Skills:
- Ability to synthesize & simplify
- Communication Skills – oral & written
- Creativity/Innovation/problem solving
- Adaptability
- Critical Thinking
Education Level: <Master Degree or Equivalent – atleast 7 years>
Location: <Mumbai>
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, 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, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
