Market Risk Analyst - xVA

About the job

• The mission of RISK MFI A&D Market & Liquidity Risk (“MLR”) is to provide Senior Management of the Group, of the RISK Function and of Global Markets (“GM”) with full transparency and dynamic analysis with respect to the market and liquidity risks originated and managed by CIB GM, to assist them in their risk decision making
• Within MLR, the Exotic & Structural Transversal Risk (ESTR)/xVA team is responsible for
  1. Holistic and transversal view of exotic and other structural risks across Global Markets
  2. Analysis and monitoring of xVA risk exposures inherent to the bank’s derivatives portfolio and the associated hedges, by understanding the origin of the exposures (specific trades, products), reviewing certain trades in the context of the Risk Mitigating Hedging status of the XVA desk and attending relevant review committees
  3. Analysis, monitoring, and validation of Credit/Debt and Funding Valuation Adjustments (CVA/DVA/FVA/ColVA) of all Business Units. Analysing and explaining variations and adjusting if necessary. To provide market risk analysis of these portfolios
  4. Provide expertise on XVA topics within RISK MFI and more globally within RISK and the group
• The team collaborates closely both with the dedicated market risk teams in charge of business lines (GBL market risks teams), the Transactions and Valuation Model Risk teams, other RISK MFI and RISK teams, as well as directly with Global Markets. The team ensures that all material risks are identified and communicated to senior management, and that adequate and globally consistent control frameworks are applied

Your Main Activities Are

• Conduct complex market risk analysis
• Rigorously apply market risk management frameworks, displaying innovation, imagination and creativity where needed
• Assess and evaluate market risks
• Support market risk processes and initiatives. Contribute to projects. Contribute to implementation of frameworks
• Suggest improvements to existing processes
• Use judgement to escalate topics according to materiality and complexity
• Provide technical support to more junior staff and coordinate work of juniors

Profile and Skills to Success

• Bachelor Degree in Finance / Economics / Sciences or related
• At least 2 years of experience in Trading / Risk Management or similar
• Proficiency in MS Office Microsoft Excel
• Advanced level of English, both written and oral
• Knowledge in
  1. Python
  2. VBA
• Attention to detail / rigor
• Ability to collaborate / teamwork
• Analytical ability
• Communication skills, both written and oral
• Creativity and innovation / problem solving
• Critical thinking

#LI-Hybrid 

Why joining BNP Paribas? 

· Leading banking institution

BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.

· Our presence in Portugal

In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.

· International reach

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions: 

• Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines; 
• Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services; 
• Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional clients.

· Diversity and Inclusion commitment

BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.

· Commitment towards work/life balance

At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.

· Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices. 

To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal

* Please note that only applications submitted in English will be considered. 

* In case you are selected for this role, further documentation will be requested to support your hiring process.