Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Business area
BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rates, credit, currency, equities & commodity markets. Global Markets help their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk. Their client base comprises of corporations, institutional investors, banks, governments and supranational organizations.
The Global Markets Quantitative Research (GMQR) division is in charge of the modelling, pricing & risk management developments for Global Markets products. Roleholders within the division focus on the global management, development, delivery, maintenance and support of Global Credit, Global Equities, Global Macro and Platform, Research’s cross-asset analytics software libraries. The team operates globally with representatives in London, Paris, Asia and New York and plays a critical role in providing innovative solutions.
Job Purpose
Purpose:
The GMQR Head of Credit Digital Platforms Director level role, is the Team lead within the Credit Non-Linear quant team in charge of the different Digital platforms and specific Market Risk Capital projects. The roleholder has staff line management responsibilities and proactively supports the developmsent of team members to help deliver the team’s performance objectives. The roleholder contributes to the strategic business plan, is recognised as a Risk expert in the business and operates with a high degree of autonomy.
The roleholder will cooperate with other quantitative developers and analysts, as well as with the trading desks and the Global Markets IT & Risk divisions in order to ensure all quantitative developments integrate optimally within the IT ecosystems for all Front to Risk and Front to Back feeds, thereby ensuring the best delivery to the business.
Scope: UK
Key Responsibilities
- Globally coordinates the Credit Digital Platforms and Transformation projects as well as Market Risk and some specific Relative Value initiatives for Credit projects. Acts as the central coordinator for Structured Credit business requests for the digital platforms such as FAST, SmartD and the Secondary Platforms, reviews prioritisation with the business and assigns resources to each task in coordination with the regional heads of the GMQR Credit teams.
- Drives and delivers the business deliverables of the team and participates in shaping and executing the strategy of the team.
- Manages senior and mid-level professionals responsible for driving research activities that directly impact the profit and loss for the wider Global Markets Non-Linear Credit business.
- A subject matter expert responsible for maintaining and enhancing pricing analytics, co-ordinates and shares knowledge with quants in other locations to improve interfaces, optimise code and follow the team's best practices.
- Develops and manages operational initiatives in line with relevant policies, procedures and any relevant regulatory requirements or professional codes of conduct, to enable optimal business outcomes and optimise profitability.
- Designs innovative analytic/implementation approaches, system architecture, code optimisation and interfaces including:
- Develops, tests, delivers, and supports tools based on analytics libraries.
- Develops and implements analytic tools to calculate the various pricing analytics for the SmartD, FAST for Credit and Secondary platforms.
- Oversees the team on pricing all related requests.
- Creates and develops risk management tools.
- Develops tools for the Secondary Credit Structured Trading and Structuring teams.
- Contributes to the development of the team analytics library.
- Hands on C++, C# and python coding of new features in the system with an emphasis on well tested, high quality code which is performant when required.
- Participates in cross-functional initiatives to ensure all quantitative developments integrate optimally with the IT ecosystems and enable the best deliveries to the business.
- Manages relationships with business stakeholders, as well as other teams (notably Technology and Market Risk) in order to fully understand business requirements and develop appropriate interventions, in order to deliver a quality service to the business.
- Assists the Bank in adapting to new regulations and capital charges by providing ideas or tools to estimate their impacts.
- Liaises with relevant internal risk functions such as Legal, Compliance, Market and Credit Risk Management, as appropriate.
- Collaborates with all other GMQR teams and in particular the Transversal Architecture and Pnl Convergence ones, in order to ensure the credit library and tools are well integrated for all Cross Assets platforms.
- Collaborates with the GM Data and AI Lab team in contributing to building advanced data mining, machine learning and Natural Language Understanding models and systems for the benefit of the Global Markets business lines.
Requirements
- Professional qualification in mathematics, statistics, physics, engineering or finance/econometrics or a PhD in another Science or engineering field with an interest in finance modelling. Broad knowledge of the theories and practices across the Global Markets function and their interaction with each other combined with deep expertise within GMQR.
- Expert knowledge of Credit Products (Credit Linked Notes, Repacks, CDOs, Index Options, etc) and of specific Fixed Income, Equity and Commodity products.
- Good working knowledge of professional standards and protocol and able to apply them to the Business to develop and improve BNPP processes and practices.
- A role model in the ability to quickly adapt their behaviour, style, approach, priorities, communication or working methods according to the needs of the task, individual/group, situation, constraints and circumstances.
- Excellent people management skills and an ability to work with individuals to set individual objectives and manage performance to ensure their delivery. Excellent relationship management skills and an ability to work with individuals to ensure the delivery of set objectives.
- Recognised by others as a highly effective communicator. Can present or skilfully communicate complex ideas, strategic and critical messages or ideas to large, culturally diverse and unfamiliar audiences, including in conflicting situations, both across and throughout the hierarchy and/or the top management.
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
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