About the job
The overall job purpose it to assist the Global Equities and the Fixed Income Currencies and Commodities (FICCC) - Trading Risk Strategy (TRS) teams in their mandate to steer the risk and returns of trading positions.
This is achieved first by overseeing the production of daily reports of main positions and stress-tests of trading desks, and weekly production of an extended review of those trading desks positions and P&L (profit & Loss). The role holder will be accountable for ensuring excellence on all trading risk strategy activities that they undertake or directly oversee and ensuring that these activities align with the Bank and its clients' objectives, approved risk appetites, and strategic goals.
Your Main Activities Are
Accountable for providing support, with autonomy, in relation to all trading risk strategy activities in relation to assigned areas of BNP Paribas Global Markets:
- Assessing how risk and resources (R&R) are being allocated and managed by business lines, including by advising on pricing. Accountable for challenging the business’ allocation of R&R to ensure optimisation of return on R&R allocation in a manner that drives the Bank’s business strategy
- Analysing risk measures linked to capital consumption of Bank’s activities and ensuring that return is optimised for capital allocation
- Working with relevant stakeholders to ensure that relevant regulations are adhered to, and future regulations are anticipated and planned for, in relation to R&R management and capital allocation
- Preparing for and contributing to relevant internal committees in relation to R&R and capital allocation matters
- Proposing and driving the implementation of solutions to facilitate new trades when the risk appetite of the bank is reached
- Understanding and monitoring the main characteristics and concentrations of the risk portfolio managed by the team
- Prepare periodic as well as ad-hoc (as required by senior management or instructed) reports on individual counterparties, sectors and / or country crises on findings to assist the team’s management of risk
- Contribute to the reporting of main risks and stress-tests across global markets
- Maintain, improve and develop toolbox for an efficient risk management
- Continuously identify, propose, and implement innovative or alternative ideas to improve the Bank’s risk processes and reduce inaccuracies
- Operates autonomously, taking instruction from senior colleagues for particularly complex transactions or new activities
- Develops a broad network of relationships with relevant stakeholders and key contacts
- At all times complies with all applicable legal, regulatory and internal compliance requirements (including the Code of Conduct) and ensures that all work undertaken is in line with the Bank and team’s strategic goals and approved risk limits
Profile and Skills to Success
- Master’s in finance, economics, Computer Science or Engineering
- Knowledge of programming languages (strong Plus) - Python and VBA, SQL
- Attention to Detail
- Curiosity
- Ability to communicate clearly in both oral and written form (in English)
- Ability to improve processes- problem-solving mindset (as they’ll need to debug or to develop codes that were written by others)
- Be organized and methodical in data production
- Be able to provide clear and concise analysis
- Demonstrate a genuine interest in financial markets activities and show motivation to learn new regulations and market practices/products
#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 centers 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.
