BNP Paribas is a leading European bank with an international reach. It has a presence in 73 countries, with more than 192,000 employees – including more than 146,000 in Europe and over 4,000 in Portugal alone.
BNP Paribas is present in Portugal since 1985, having been one of the first foreign banks to operate in the country. Today, BNP Paribas has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.
Worldwide, the Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
The Transaction, Securitisation and Frameworks (TSF) are the RISK Global Markets ("RISK GM") pre-trade analysis and credit approval team. Its mission, amongst others, is to focus specifically on new complex/structured transaction approvals and reviews (at inception, annually/periodically) covering risks such as counterparty, market, credit, funding, liquidity and structural risk. RISK is a fully independent function from the front office/business/coverage.
ROLES AND RESPONSIBILITES
The new hire will be responsible for the annual and administrative review process of files/activities and portfolio reviews for Securitisation related exposure that is underwritten by BNPP CIB Global / Capital Markets in Europe and the Americas. The types of securitisation transactions include: warehouse lines, bridge-to-take out ABS, liquidity backstop facilities and securitisation related derivatives (e.g. Balance Guaranty Swaps).
The 3 main areas of responsibilities in order of importance are: Transaction and Portfolio Analysis; Permanent Control related and Ad-Hoc reports and Projects.
Analyse and assess the main risks inherent in the transactions covered for the purposes of processing annual reviews, renewals of existing exposure and/or processing amendments or waivers.
Assess the performance of the existing portfolio or sub-portfolios via the quarterly review committee process
Ad-hoc Reports and Projects
- Contribute to the production of Ad hoc management information reports (internal) or external – regulatory reporting; and for internal/external audits.
- Contributing to projects improving processes from an operational efficiency perspective, or enhancing our risk management capabilities through innovative technology-led solutions.
- Review credit memos written by the business (usually include review of stress testing and the parameters that serve as an input for regulatory capital calculation purposes).
Initiate the necessary Q&A in order to be able to make an analytical, holistic assessment.
Write an independent RISK Analysis and summary recommendation to the delegation holder and/or credit committee.
Facilitate/Coordinate the quarterly review committee process including providing written analytical commentary to the committee.
Process the business requests via the credit workflow system, which includes committee/decision minutes.
Building dashboards or actively contributing to the ones that would be built by the front office on their existing portfolios, with key risk indicators and metrics (at the deal and macro level).
Maintain and improve counterparty exposure simulation overrides on Balance Guaranty Swaps.
Degree in Finance, Business Math or Financial Engineering (advanced degree a plus)
2 to 5 years of experience within a banking environment (Front Office or Risk), or from Credit Rating Agencies
Fluent in English
If no direct securitisation experience, candidates should have transferable credit and risk analysis skills gained from previous roles and have ability and willingness to learn about new products and sectors.
Experienced in MS Office tools. VBA/coding/cash flow modelling, bespoke data analytics tools experience would be an advantage, but not essential.
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.
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, 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.
Primary Location: PT-11-LisbonJob Type: Standard / PermanentJob: RISKSEducation Level: Not indicatedExperience Level: At least 2 yearsSchedule: Full-time
Behavioural competency: Attention to detail / rigorTransversal competency: Analytical Ability