At a global level, the main mission of the Market, Counterparty,
Liquidity Analysis and Reporting team (MCLAR) is to provide General Management,
CIB and RISK with a global independent view and analysis of key risks, related
to market, liquidity, equity and counterparty risks. As such, the team
maintains an associated governance framework including business, RISK GM and
RISK I2S, comprising recurring committees from Capital Market Risks Committee
(“CMRC”) to Main Positions meetings. At a local level, the mission remains
similar with a focus on the Americas activity.
MCLAR is part of RISK - ERA (Enterprise RISK Architecture) – RISK SAR
(Strategic Analysis and Reporting). Globally, the teams are based in London and
Paris, with discrete teams based in Brussels and New York, and each interacts
closely with regional RISK SAR teams based in these locations and APAC.
The responsibilities of MCLAR are comprised around three interlinked
- Management Information framework (MCLAR
- Capital Markets Stress Testing framework
and Regulatory Measures (MCLAR ST&RM)
- Capital framework (MCLAR Capital)
As BNP Paribas established an Intermediate Holding Company (IHC) over its
US subsidiaries, in accordance with the Dodd-Frank Act, MCLAR has an
operational bias toward fulfilling IHC regulatory requirements – e.g.
Comprehensive Capital Analysis and Review (CCAR). Equally, the role covers the
local capital process for the IHC and the management information framework for
channeling core risk information to senior management, including the Americas
risk views (e.g. branch and “risk managed views”).
Candidate Success Factors:
Candidates will be measured on the following four performance drivers
that will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Leadership and Collaboration
- Client, Customer and Stakeholder Focus
- Compliance Culture and Conduct
- Be responsible for running elements of
the local management information framework, including qualitative needs,
while working alongside other members of the MCLAR Americas team.
- Contribute to the operation and animation
of the main risk committees within MCLAR’s scope (e.g. Market Risk
Committee (MRC), Stress Testing Technical Committee (STTC), Prime
Brokerage Main Positions, etc.), as well as the broader Americas risk
- Further develop and enhance the stress
testing platform for market and counterparty risk locally, while
maintaining consistency with global processes, where applicable.
- Work with risk and systems analysts to
implement stress tests ensuring the correct identification of the
perimeter and system capability limitations that may affect delivery of
- Produce and analyze stress test results
for coherence, resolving or escalating issues found in the calculations.
- Interpret and implement regulatory and
internal requirements for capital adequacy for market and counterparty
risk (primarily on economic loss/gain scenarios but also on capital).
- Collate, develop and document
explanations of capital related results.
- Animation of the capital analysis and
reporting metrics for market and counterparty risks ensuring calculations
from a Federal Reserve and US Basel III perspective.
- Support the wider MCLAR team through
contribution to various global risk analysis topics.
Minimum Required Qualifications
- Excellent verbal and written
communication skills (English language) are an absolute requirement, due
to the need to establish and maintain contacts and information flow with different
teams across the bank.
- Candidates will have an
analytical/economics academic background. The candidate is expected to
have (or be capable of learning quickly) a solid understanding of the main
financial products and their risk drivers.
- The candidate should be able to locally
organize tasks in project mode and be able to ensure their timely progress
or escalate when required.
- The candidate will be expected to have a
general all around IT competence.
- Ideally, candidates will have worked in a
market or counterparty risk role or has knowledge of risk management
through trading or related position.
- Experience and comfort in presenting to
- Knowledge of capital markets regulation
is an advantage.
- Python programming experience is an
FINRA Registrations Required:
CFTC Swap Dealer
Associated Person (if yes, NFA Swaps Proficiency Program is required):
SEC Security-Based Swap Dealer Associated Person:
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.