Business Overview:

The successful candidate will integrate the RISK Global Markets (“RISK GM”) team in the America region. The mission of RISK Global Markets  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, counterparty, valuation and liquidity risks originated and managed by CIB GM, in order to assist them in their risk decision making.

Based on the Group’s Risk Appetite Statement and in line with RISK’s mandate, RISK GM acts as second line of defense for the risks within its remit. As such, it contributes to the definition of GM’s target risk profile, their risk decision-making process and the optimization of resource allocation in order to support the business to grow in a sustainable manner. It monitors the actual risk profile versus the target one, and assess how it may be impacted by new activities and upcoming evolutions.

More specifically the candidate will integrate the Market Risk GBLs team within the RISK GM Analysis pole, and be in charge of covering all Equity Derivatives trading activities in the region. Doing so, closely following equity markets in the region and interacting daily with relevant traders and head of desks in that space will be key. Constantly adopting an anticipatory mindset and work on detecting potential new upcoming risks is at the core of the team’s DNA. The role entails collaborating with a wide range of colleagues and stakeholders within RISK GM, RISK, the business (Trading, Structuring, Quants, FO Risk, Business Management…) and other function (Finance, Compliance…).

*Physical presence in BNPP’s office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion.

Responsibilities:

The available position includes the following responsibilities:

Risk Analysis:

  • Measure and Monitor market and liquidity risks inherent to the trading desks or activities in the direct scope of the RISK analyst.
  • Development of monitoring tools and reporting to the Business and Senior Management.
  • Be pro‐active in day‐to‐day assessment of positions, analyze large P/L, provide independent analysis and quantification of existing and new risks
  • Develop and maintain a continuous and sound dialogue with the business line. Review and provide opinion on information and risk views expressed by the Business.
  • Provide accurate and appropriate risk information and opinion to senior management and escalating risk topics as needed.
  • Performing in-depth, ad hoc analysis, formulating an opinion and escalating as needed, while judging priority, on any and all market risk topics affecting the business line.

Risk Limits:

  • Setting and ensuring timely review of market risk limits in line with the Company’s Risk-Appetite-Framework.
  • Analysis, review and escalation of limit excesses.

New Risks:

  • Review and approval of large or complex transactions.
  • Participate in the definition and assessment of the risk management framework for new trades/products/activities through contribution and/or attendance to decision making process, in particular Exceptional Transactions, Transaction Approval Committees, New Activity Committees.

Review the impact of new models on the book and analyze the results.

  • An 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 perimeter

Contribution to the IPV, Reserves and Prudent Valuation Framework:

  • Opine on the end of month valuations reviews (market parameters review, reserves and Prudent Valuations)
  • Ensure processes remain exhaustive and the process run by the IPV team is robust and well documented.

Minimum Required Qualifications

  • Bachelor’s degree in Finance or Economics or Engineering;
  • 3-4 years in Risk Management areas (Market Risk / Counterparty Risk) or Front-Office roles (Trading, Structuring, Quants);
  • Past Experience in Derivatives products
  • Understanding quantitative market risk measures and related modeling / methodology (including derivatives’ valuation models)
  • Ability to understand, identify, and communicate key risks associated with complex/exotic products (including valuation and modelling).
  • Excellent verbal and written communication skills. 
  • Ability to work effectively in a team environment.

Other looked-after optional skills/experiences:

  • In-depth understanding of market risks originated from traded products and exotic features associated with the more complex payoffs
  • Past Experience in structured EQD Derivatives products (Autocallable,…)
  • Experience in other asset classes (e.g. Fixed Income) with prolonged exposure to exotic products will be considered
  • Languages: English mandatory.
  • Skills: Python/Excel/VBA.

FINRA Registrations Required: N/A

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): N/A

SEC Security-Based Swap Dealer Associated Person: N/A

About BNP Paribas:

In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities.  We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business.

BNP Paribas’ Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services.  As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors.

The bank employs nearly 14,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.  

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The Bank offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank’s retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP Paribas helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.

We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

 

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.

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 York
Job Type
Standard / Permanent
Job
MISCELLANEOUS
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level
At least 3 years
Schedule
Full-time
Reference
COR002428

Découvrez les métiers de BNP Paribas : IT, Tech et Data

Au-delà d’être un groupe financier, BNP Paribas est aussi une entreprise technologique. Les systèmes d’information, la data et les outils sont au cœur de notre ADN et offrent de nombreuses opportunités professionnelles !

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Pourquoi je candidaterais ?

Pour quelles raisons je rejoindrais BNP Paribas et pas une autre entreprise ?

Parce que je souhaite...

  • Et si on vous disait que travailler dans notre Groupe, ce n’est pas ce que vous croyez ? Chez BNP Paribas, on exerce une multitude de métiers qui évoluent en permanence pour être en phase avec les attentes des clientes et clients comme de la société.

  • Se sentir bien dans son job, c’est avant tout venir travailler comme on est.  C’est aussi avoir les moyens d’un bon équilibre entre sa vie professionnelle et sa vie personnelle. Deux engagements majeurs pour BNP Paribas.

  • Chez BNP Paribas, le développement de vos compétences est essentiel, pour vous comme pour nous. Et cela vous servira pour toute votre vie professionnelle.

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