FX & Local Markets - Market risk Analyst

Purpose and Scope of the position

The position is a Market Risk analyst role within RISK Market & Financial Institutions (“RISK MFI”), focusing on the FX Flow and Local Markets activities.

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 role reports to the Market & Liquidity Risk - FX and Local Markets team (aka, MLR-FXLM).

The Market Risk analyst on FX Flow and Local Markets articulates the market risk opinion about the trading desk activities to their management. They are the point of contact of the trading desks related to market risk topics. They review and opine on the market risks views form the trading desks. The analyst is key in anticipating and detecting pockets of market risks for the FX and Local Market activities. They are alco accountable for improvements to the market risk framework impacting their scope. 

The MLR-FXLM team regularly interacts with all other market risk teams (of which the methodologies, monitoring and validation ones), with trading desks representants, with the quantitative research, the valuation risk teams and with RISK IT.

We are looking for a quantitative profile who’s developed an understanding of the financial market products and their market risk dynamics.

Core Responsibilities for the FX & Local Markets market risk analyst

• Understand the valuation, risk and P&L of business line activities in the context of current, past and potential market conditions. 
• Animate Main Position meetings and other forums with the FX or Local Market desks, provide independent risk analysis and opinion, escalation of risk topics, and challenge to the business view.
• Provide accurate and appropriate risk information and opinion to senior management forums. Escalate risk topics to senior management as needed. 
• Perform in-depth, ad hoc analysis, formulating an opinion and escalating as needed, while judging priority, on all market risk topics affecting the business line. 
• Analyse the risks with the tools available and drive the improvements of those tools.
• Develop and adapt Stress Tests to the trading desks positioning and their market environment.
• Review and opine on the market risk of exceptional transactions

Role Competencies

• Ability to ensure the precision, accuracy and thoroughness of the information manipulated or delivered.
• Ability to synthetise information from diverse sources
• Motivation to collaborate and share ideas and knowledge with team members.
• Understands clients’ needs and values constructive and positive feedback.
• Ability to manage time, to plan, structure, prioritize and coordinate activities and resources effectively to reach objectives.
• Active in suggesting ideas and improvements and demonstrating curiosity.

Skills, experience, and qualifications

• Master’s degree in finance, Applied Mathematics, Science or Engineering. 
• 0 to 5 years of working experience in market risk or counterparty risk with an applied knowledge in derivatives and their risk management
• Excellent analytical capabilities
• On programming skills, a working knowledge of Python is essential.

#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: 

· 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.