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Equity Derivatives Market Risk Analyst

Apply REF: GLO002293
BNP Paribas Group

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.


About BNP Paribas Corporate and Institutional Banking

Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.

 

Business Overview:

The combined TRS/xVA team performs a dual mandate within Global Markets Americas.

 

TRS (Trading, Risk and Strategies) is a global team, deeply embedded in GM front office and focused on optimization of risk taking across GM GBLs by:

·         Performing regular risk reporting to GBL heads

·         Analyzing return scenarios of various strategies and deal stocks

·         Calibrating risk limits and stress tests in accordance with GM’s risk appetite and client needs

·         Monitoring optimal use of resources (including but not limited to VaR, Balance Sheet, Capital and use of Margin and Collateral)

·         Frequently performing “deep dive” studies on particular desks and products

The US team performs these tasks across all GBLs in the region, in close coordination with the GBL specific teams in Europe.

 

xVA (cross Valuation Adjustment) is a global team focused on pricing and hedging the valuation adjustments resulting from GM’s bilateral derivatives deal stock, across products and currencies. Valuation adjustments can result from exposure to uncollateralized counterparty risk (CVA), liquidity and funding risk (LVA), future capital needs (KVA) and imbalances in collateral usage resulting fromCSA (mVA). The US team is particularly focused on correctly pricing these adjustments at origination, but also works with the larger London team on managing the existing deal stock and setting the policy for the bank.



Responsibilities:

The resource to join this team will have a strong focus on TRS subjects for the EQD GBL, with the option to be involved in TRS for other GBLs and xVA depending on time available. In this TRS EQD capacity, the resource will interact frequently with the TRS EQD team in Paris, performing “first-line-of[defense” monitoring analysis for the risks in the US EQD perimeter while relying on the tools built by the central TRS teams.

Resource will also frequently interact with senior traders and sales managers as well as GBL Heads. As such, there is a strong need to be able to present complicated subjects confidently and succinctly in order to collect and convey data regarding TRS-related topics, and to facilitate decision making at senior levels in the Bank.

Required Qualifications:

·         5 yrs. + of experience in EQD-related Front Office, Risk Management or Quantitative Research Role

·         Advanced degree in a quantitative discipline is a strong plus

·         Excellent desktop skills – including Excel, Word and PowerPoint

·         Highly organized and adept at managing competing deliverables.

·         Strong team skills but comfortable working independently with clear directives: independently driven and able to operate autonomously

·         Highly ethical and detail-oriented

 

Preferred Qualifications:

·         Advanced degree in a quantitative field

·         Proficiency in light programming (VBA)

·         Experience interacting with senior decision makers in a front office environment

FINRA Registrations Required:

 
 

The successful candidate will be required to take the Series 7 and 63.


Primary Location: US-New YorkJob Type: Standard / PermanentJob: FINANCIAL AND TECHNICAL EXPERTISEEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 7 yearsSchedule: Full-time Behavioural competency: Client focusedTransversal competency: Ability to anticipate business / strategic evolution