BNP Paribas Securities Corp
Job Title: Director, DEC/FXPB Risk Officer
Location: 787 Seventh Avenue, New York, NY 10019
Duties: Within DEC & FXPB, the DEC/FXPB Risk team, play an integral part in the management and monitoring of BNP exposure to its clients. Risk Monitoring – Monitor and manage exposure of BNP counterparty risk. Oversee intraday monitoring of client activity. Serve as point of escalation for remediation and approval of activity in relation to business risk limits. Daily review of client margin calls. Portfolio Analysis – Analyze both prospective and existing clients’ portfolios. Conduct analysis for prospective portfolios in terms of required margin, product composition, PFE/VaR exposure, and portfolio stress test exposure. Analyze historical worst-case movements in underlying portfolio products to determine appropriate stress levels for various clearing products. Work with Sales to discuss with clients and understand trading strategy/key client information to assess client opportunities. Conduct and review client profitability analysis as it pertains to regulatory requirements/costs (LE, RoLE, RWA). Margin Call Disputes – Help resolve client margin call disputes. Assist in booking trades when manual intervention is required for proper booking. *Telecommuting permitted 20% within normal commuting distance.
SALARY: $240,000 - $295,000/ year
Work Schedule: 9am to 5pm, 40 hours a week. (Monday – Friday)
Job Requirements: Master's degree (US or Foreign Equivalent) in Business, Economics, Mathematics, Computer Science, Engineering, or Management and ten (10) years of experience in a large bank or similar organization. Must have ten (10) years of experience with: Financial Math and Risk Modeling (PFE, EPE, VaR, Stress Test, and Scenario Specific); derivatives markets (ETD and OTC) Across Financial (Equity, FX & IR) and Commodity Markets; VBA, Python C++; Regulatory and Capital Framework; legal frameworks (RWA) and Collateral Frameworks (CSA and ISDA); and market and/or counterparty risk management. Must have one (1) year of experience with DEC/FXPB Risk Capacity. FINRA Registrations 3 and 7 (Must have passed within 8 months of hire).
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.
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