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Director – Senior Market Risk Analyst and Distressed Debt Specialist

Horaires Temps plein
Marque BNP Paribas Corporate & Institutional Banking
Niveau d'expérience 6 à 10 ans
Niveau d'études Niveau BAC+2/3
Postuler REF: RIS001427

Business Overview:

RISK Global Markets (“RISK GM”) core mission is to provide a dynamic analysis of the market, counterparty, valuation and liquidity risks managed by the Global Markets (“GM”) division of the Corporate & Institutional Bank. This includes in particular to proactively identify, analyze and review market and counterparty risk exposures, to contribute to the definition of the risk measurement framework and to assist all levels of management on risk-taking decisions.

Within RISK GM New-York, the Market Risk GBL team is responsible for:
  • Quantification of market risk limits
  • Detection and anticipation, monitoring, analysis, and opinion on all market risks from desks managed in NY (including risk wide measures such as VAR, stress tests and capital):
    • Identify hidden risks and potential threats early, and perform in depth reviews with a view to recommend actions to mitigate them
    • Ensure proper representation of risks for complex transactions requiring non-standard booking.
  • Participate in the definition and assessment of the risk management framework for new trades/products/activities.
  • Develop, compute, analyze and regularly update market and liquidity stress-testing scenarios.
  • Ensure compliance with relevant regulations in the risk area
  • Maintain strong understanding of all valuation and risk models (incl. VaR…), and their impact on capital, valuation and market risk sensitivities of the GBL’s portfolios. Ensure VaR figures and their variations are commensurate with the portfolio composition and can be explained.

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

Responsibilities:

The candidate’s primary responsibility will be to comprehensively cover the Distressed activity, and as such performs the following missions:

Risk Analysis:
  • Measure and Monitor risk factors inherent to the trading of distressed instruments (market risk, legal risk, idiosyncratic risks as well as all the hurdles stemming from the restructuring process, among others).
  • Development of monitoring tools and reporting to the Business and Senior Management.
  • Conduct quantitative and qualitative risk analysis on distressed debt instruments (pre and post trade execution).
  • Involvement in the decision making process by providing a formal RISK opinion, issuing risk recommendations and proposing risk mitigation strategies.
  • Be pro‐active in day‐to‐day assessment of positions, analyze large P/L, and provide independent analysis and quantification of existing and new risks.
  • Develop and maintain a continuous and sound dialogue with the business line as well as other functions.
Risk Limits:
  • Assist in the definition, review and implementation of limits and ensure they are well monitored and reported in the bank systems. This includes participating in developing tools for the Limits framework 
Review the impact of new models on the book and analyze the results.
  • Have a good understanding of the model assumption and their economical purpose.
  • Tests and analysis of the impact on the valuation and risks of the books.
  • Such changes coincide in general with system release requiring discussion with Risk‐GM Quantitative team, FO Research Team, Trading and IT.
Stress Testing:
  • Develop and compute Stress‐test scenarios and analyze the results.
  • Contribute to the improvement of stress testing within Global Market & US local governance perimeters
Market and Parameter Monthly Review “MAP”, Reserves and Prudent Valuation
  • Ensure the end of month valuations reviews “market parameters review, reserves and Prudent Valuations” remain exhaustive, robust and well documented.
  • Ensure that updated and relevant reserves and Prudent Valuation methodologies are in place.

The successful applicant will also be encouraged and given the opportunity to expand quickly beyond the primary coverage described above, and deliver similar work for another trading desk currently under the coverage of the RISK GM Market Risk GBLs NY team.



Minimum Required Competencies and Qualifications

  • Master’s degree in Finance or Economics or Engineering;
  • 8 years+ of relevant professional experience in the field of market risk management, with strong knowledge on fundamental credit analysis and/or financial modelling skills gained from prior experience within corporate credit analysis.
  • Strong knowledge of restructuring process and associated trading strategies
  • Understanding quantitative risk measures and related modeling / methodology

Preferred Competencies and Qualifications:

  • Ability to easily expand onto another asset class is important; hence, relevant experience in another asset class (EQD, FX, Rates, etc…) beyond Distressed will be considered positively.
  • Ability to understand, identify, and communicate key risks associated with a variety of processes and transaction structures.
  • Excellent verbal and written communication skills. 
  • Experience in credit trading (High Yield Cash/CDS) & financial service
  • Ability to work effectively in a team environment.
  • Languages: English mandatory.
  • Skills: Python/Excel/VBA.

FINRA Registrations Required:

  N/A
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
Primary Location: US-NY-New YorkJob Type: Standard / PermanentJob: RISKSEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 7 yearsSchedule: Full-time Reference: RIS001427