Business Overview:
RISK MFI Credit & Counterparty Risk (CCR) Team’s main responsibility is risk management oversight and control of credit and counterparty risks within the remit of RISK MFI’s authority for all activities conducted within BNP Paribas.
RISK MFI CCR Team promotes a holistic and integrated end-to-end approach of risk management – whereby the collective efficiency is improved. The CCR Team is structured to ensure a full consistency between counterparty and credit risks approach for each approval across MFI.
CCR Team comprises three sub-teams:
- Credit Team - responsible for managing the credit decision process and evolution of the counterparty and credit risks on the Bank's institutional clients (excluding Hedge Funds). This team comprises of Credit Officers (COs), organized by types of counterparties and transversal Senior Credit Officers (SCOs);
- Regulated Fund Team – The Regulated Fund team sits within the Credit Team and is responsible for managing the credit decision process and steering the counterparty and credit risks on Regulated Funds (“RFs”) and High-Risk Funds (“HRFs”) clients. The RF Team is the main point of contact for the Business and other RISK teams on both credit and counterparty risks in relation to RFs and HRFs;
- Hedge Fund Team - responsible for managing the credit decision process and steering the counterparty and credit risks on Hedge Funds (“HFs”) and Risky Funds (“RFs”) clients. The HF Team is the main point of contact for the Business and other RISK teams on both credit and counterparty risks in relation to HFs and RFs.
- Counterparty Risk Team - a transversal team serving the credit decision process and managing the counterparty risks generated by any corporate, financial institution (incl. market infrastructure) or sovereign counterparty, as well as collateral risks generated by Global Markets and Security Services
Candidate Success Factors:
Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Able to influence peers and team.
- Demonstrates good judgement when making decisions of high complexity and impact.
- Exercise appropriate autonomy in the execution and delivery of work.
- Responsible for driving outcomes, which have meaningful effect on team or department.
- Leadership and Collaboration:
- Creates trust with colleagues.
- Acts in leadership capacity for projects, processes, or programs.
- Client, Customer and Stakeholder Focus:
- Able to build relationships with a mix of colleagues and clients.
- Interacts regularly with management and department leaders.
- Demonstrates the ability to influence stakeholders at the team level.
- Compliance Culture and Conduct:
- Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
- Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
Responsibilities:
Main responsibilities of the Regulated Fund team:
- Central point of contact for CIB (FIC, Global Markets and Securities Services) and within RISK on counterparty and credit risks with RFs and HRFs
- Responsible for credit process: providing risks analysis (as LoD2), expressing opinions, and taking decisions, as well as establishing risk appetite and framework for RFs and HRFs
- Anticipation, detection along with analysis and decisions on credit and counterparty risks associated with RFs and HRFs. Escalation of risk topics and issues as appropriate
- Participation in the permanent risks controls and framework, contribution to projects notably related to the improvements of reporting/monitoring tools, methodologies, regulatory and policies
Interact with the Coverage of Financial Institutions and Business Lines
- Assess, with the support of the credit risk analysts, the credit proposal in the light of FIC commercial strategy, coverage memo, and of any material information (transaction or risks) provided by the Relationship Manager.
- Contribute together with Coverage and ICAT to the identification of the credit points that need to be discussed with the client (during Due Diligence for example).
- Discuss the requests of Credit limits with the Business Lines together with Credit Analyst
- Demonstrate knowledge of capital markets traded products such as interest rate, credit, and equity derivatives, bond options, repos, foreign exchange, equity trading, and securities lending.
- Work with Coverage of Financial Institutions and Business Lines to mitigate risk related to the counterparties.
Contribute To
- Contribute to the risk strategy definition by providing recommendation on the risk profile of the counterparty and on specific transactions in relationship with the appropriate stakeholders
- Contribute to the Bank’s reactivity vis-à-vis clients’ expectations by prioritizing urgent requests under his/her responsibility with his/her manager
- Contribute to the frequent/regular monitoring of key risk metrics and excesses (PFE and stress); as well as forums related to RISK MFI clients’ portfolios, to anticipate and detect any counterparty or credit risk issues requiring a specific review and the implementation of an appropriate action plan
- Contribute to the definition of regulatory measures and the bank’s risk appetite framework and statement
- Provide support for regulatory requests and missions, as well as preparation and participation to supervisory frequent meetings
- Contribute to the credit and counterparty processes optimization and fluidity, projects (transformation, regulations, IT, etc.) with RISK streams, business lines and FIC
- Contribute to credit and counterparty projects related to methodologies, regulation changes or policies definition in liaison with other RISK streams, business lines and FIC
- Provide RISK MFI comments/recommendations for Transactional and New Activity Committees (TACs/NACs) when related to RFs or HRFs
- Contribute to the development of the Regulated Funds framework to ensure a robust risk management architecture.
Minimum Required Qualifications:
- Bachelor’s degree required, with finance or economic backgrounds preferred.
- 10+ years previous experience in banking and/or credit risk experience on covered sectors with priority for asset managers/regulated funds
- Strong and proven analytical skills
- Solid knowledge and understanding of banking and financial markets
- Understanding of Corporate Banking and Capital Markets products
- Critical thinking and capacity to challenge
- Self-starter and highly motivated
- Strong presentation and communication skills (verbal and written)
- Demonstrate good counterparty risk & market risk knowledge
Preferred Qualifications:
- Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint)
- Assertiveness and leadership skills
- Capacity to engage and motivate teams
FINRA Registrations Required:
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
SEC Security-Based Swap Dealer Associated Person:
While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted.
The expected starting salary range for this position is between $220,000 to $325,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.
In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.
About BNP Paribas:
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 employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. 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. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.
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.
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