GMQR Flow Credit Associate 3

Company purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

• Being a great place to work

• Committed to sustainability and having a positive impact

• Being dedicated to the development of our people

Business area

BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rates, credit, currency, equities & commodity markets. Global Markets help their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk. Their client base comprises of corporations, institutional investors, banks, governments and supranational organizations.

Global Markets has the scale and reach to conduct business anywhere in the world and deliver products denominated in almost all of the world’s currencies. Their global network comprises more than 1,700 professionals working on our six main trading floors in London, Hong Kong, New York, Paris, Singapore and Tokyo. They are supported by regional offices throughout Europe, the Americas, Middle East and Asia-Pacific.

The Global Markets Quantitative Research (GMQR) division is in charge of the modelling, pricing & risk management developments for Global Markets products. Roleholders within the division focus on the global management, development, delivery, maintenance and support of Global Credit, Global Equities, Global Macro and Platform, Research’s cross-asset analytics software libraries. The team operates globally with representatives in London, Paris, Asia and New York and plays a critical role in providing innovative solutions.

Job purpose

Purpose:

The GMQR Flow Credit, Associate 3 level employee works as a member of the flow credit quant team. The role holder will deliver designated tasks and activities accurately, within the required time frame and in accordance with defined processes. The role holder will seek supervision as required.

Scope: UK

Key responsibilities

•    A fully competent and experienced professional accountable for coordinating and overseeing a range of activities within the GMQR team, particularly in relation to flow credit products.

•    Exercises judgement and applies knowledge to areas of improvement within the research process.

•    Can operate autonomously, with the responsibility to report and escalate to line management where necessary.

•    Assists more senior members of the GMQR team with maintaining and enhancing pricing analytics, improving interfaces, optimising code and following the team’s best practice. For example:

o    Develops, tests, delivers and supports tools based on analytics libraries

o    Develops and implements analytic tools to calculate the various pricing analytics for flow credit products

o    Supports the team on pricing all related requests

o    Develops risks management tools

o    Develops tools for the flow credit trading teams

o    Contributes to the development of the team analytics library. 

o    Assists the Bank in adapting to new regulations and capital charges by providing ideas or tools to estimate their impacts. 

•    Requires a strong and permanent cooperation with other quantitative developers and analysts, as well as with the trading desks and the Global Markets IT division to ensure all quant developments integrate optimally with the IT ecosystem, thereby ensuring the best deliveries to the business.

•    Maintains open communication with the team and direct line management. In addition, as appropriate, liaises with internal risk functions: Legal, Compliance, Market and Credit Risk Management.

Requirements

•    Professional qualification and education in mathematics, statistics, physics, engineering or finance / econometrics or a PhD in another Science or engineering field, with an interest in finance modelling. Experience in a previous similar role within the financial services sector is required.

•    Detailed knowledge of flow credit products, for example, experience in financial writing, editing and/or translation.

•    Good working knowledge of a wide range of BNPP policies, procedures, regulations and legislation.

•    Displays dedication & prioritises problems by considering the impact on the business; identifies quick-wins.

•    Effective communicator who can align people to the broader vision of the business both internally and externally.

•    Computer literacy and a good understanding of a range of standard computer software, e.g. Microsoft PowerPoint, Excel and word.

•    Strong programming and coding knowledge, ideally knowledge of Ada, C, C++, C# languages and/or Python with a good understanding of what is required to write code which is both easy to test and debug and also achieves good computational performance.

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

A bit more about why you should join us

1. We’re a great place to work

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.

• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.

• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.

• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.

• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.

* Subject to relevant caps

2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.  

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

3. We believe in our people

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally. 

Investing in our people also means we have a collaborative and inclusive culture:

• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.

• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

Equal opportunities 

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

Adjustments

We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.

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