Valuation Controls - IPV Global Credit / Global Macro / ALMT – Analyst

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

Within CIB Global Markets Operations, Valuation Control (VC) is a global function whose main missions are articulated around second level control hubs in Europe, Asia and the Americas. Valuations, in conjunction with Risk, is in charge of independently verifying, analysing and reporting on the market parameters used in the valuations, as well as analysing the impact of the use of independent market parameters in the valuation.

Job purpose

•    Purpose: To support the accurate and independent marking of all parameters as required by regulators along with the derivation, analyse and reporting of the results.

Key responsibilities

• Running a number of different daily and monthly price testing reviews (MAPs aka IPV -> independent price verification) across FX, Credit & FI. Investigate further the drivers of the MAP and escalate any issues to senior members of the team for further assistance and guidance. 
• Work within a limited time frame as part of a team and product accurate month end corrections. This might require discussion and timely conclusions with the Front Office and Risk-GM related to the quality and accuracy of the MAP reviews after been internally checked with senior members of the team. 
• Familiarize and learn different internal IT systems and use them in the IPV process to explain and add value to the internal clients 
• Produce accurate reports highlighting coverage and results of MAPS
• Helping with submission to external consensus provider. 
• Assist with the production of valuable KPI’s for a wide range of interested parties across the bank.
• Assist on small scale projects to automate and/or improve our processes with the assistance of IT and more senior member of the team.
• Gradually build and maintain relationships with other Product Control teams, Front Office, Middle Office, Finance and Risk-GM based on trust, respect and professionalism.
• Maintain and update SOPs (Standard operating procedure)

Requirements

•    A genuine interest in Finance, derivatives and their pricing. 

•    Strong Excel skills, VBA is a strong plus. 

•    Mathematical or financial academics 

•    Ability/Confidence to interact at all levels 

•    Strong written and verbal communication skills. 

•    Willingness to find workaround solutions on issues independently before seeking external assistance

•    Attention to detail is essential especially when under pressure and time constraints. 

•    The ability to see the large picture and the impact your work has on the business.

•    To be able to work individually and as part of a team.

•    Ability to prioritise and systematically organise tasks, demonstrating sensitivity to urgent matters, completing tasks in a timely manner

•    Capability to develop understanding of complex situations

•    Capability to research solutions and gather data from many sources to ensure understanding of all relevant aspects

•    Ability to think pragmatically and step back to take perspective

•    Ability to acquire new knowledge/skills from project/assignment that is utilised in future work

•    Appetite to learn new concepts and seek professional development

•    Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure.

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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