Counterparty Risk Analyst

About the job

• The position is a Counterparty Risk Analyst role in the Exposure Model team within RISK Market & Financial Institutions (“RISK MFI”)
• RISK MFI provides the Senior Management of the Group, of the RISK Function and of Corporate & Institutional Banking (“CIB”) with full transparency and dynamic analysis and monitoring of market, counterparty, liquidity risks originated and managed by CIB GM and of credit risks on Financial Institutions to assist them in their risk decision making and monitoring
• The Exposure Model team is one of the teams of the RISK MFI CAR entity
• RISK MFI CAR acts as a centre of expertise for counterparty risk metrics contributing to the production, analysis, and anticipation of all Global Market counterparty risks
• The Exposure Model team is dedicated to the production, control, communication, and analysis of Internal Model and regulatory counterparty risk metrics. The team works within an Agile environment and framework

Your Main Activities Are

• Analysis of counterparty risk metrics: 
  1. Evaluation of the performance of counterparty risk pricers
  2. proposals for improvements to the representation of counterparty risk in the systems in partnership with the other teams of the department.
  3. Maintenance of the methodological documentation of any adjustments to the metrics
  4. Evaluation of the impact on metrics induced by changes on the counterparty risk models and pricers
• Regulatory topics: 
  1. Analysis of the recommendations addressed by supervisors and implementation of solutions for their closure
  2. response to ad-hoc requests from our supervisors
  3. and production of reports intended to them
• Reporting / committees: 
  1. Participation in the committees related to monitoring counterparty risk, its pricers, the management of the data used for counterparty risk management
  2. Actions and follow-up of points agreed for remediations during those committees
• "Run the bank": 
  1. Participation in the counterparty risk capital calculation quarterly process
  2. Support to Front Office traders for simulating the impact of new transactions on the counterparty risk profile
  3. Adjustments of counterparty risk metrics
  4. Monthly certification of the counterparty risk metrics’ quality
• Analysing and monitoring the core metrics of counterparty risk across all clients trading derivatives products on the various asset classes with the Global Market business of BNP Paribas
• Regular interactions with Front Office to explain the various Counterparty Risk Internal Model metrics and collaborate around improvement proposals
• Coordinating with different RISK teams (Market Risk, RISK Systems, etc..) to ensure continuous metrics data quality
• Some regular interaction with the Credit Officer teams

Profile and Skills to Success

• Master’s Degree in Finance / Applied Mathematics Sciences / Engineering or related
• Up to 2 years of experience in Risk and Controls / Data Analytics or similar
• Advanced level of English, both written and oral
• Knowledge of light programming language as R or Python
• Ability to integrate information from diverse sources, often involving large amounts of information
• Ability to ensure the precision, accuracy and thoroughness of the information manipulated or delivered
• Ability to express oral and written message effectively in a clear, structured, accurate and concise manner, based on facts
• Ability to collaborate / teamwork

#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.