The bank for a changing world

We are looking for

Manager - AVP

Job type Permanent
Schedule Full time
Brand BNP Paribas Corporate & Institutional Banking
Level of experience 3 to 5 years
Apply REF: CIB004912

 


About BNP Paribas Group:

Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It 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. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the region.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

About Businessline/Function :

Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporate and institutional, 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.

Job Title:

Manager/ AVP

Date:

12/09/2019

Department:

FSS

Location:

Mumbai

Business Line / Function:

Quant Modeling

Reports to:

(Direct)

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

 

Position Purpose

BNPP is seeking candidates to join the Quant Modeling, Forecasting and Analytics team, which is established to support the IHC Program. The team will be responsible for supporting the stress testing, and related development of models to calculate and forecast the projections under stressed scenarios. The team will work closely with other business and functional areas to promote compliance with various Fed regulations and initiatives, including the Comprehensive Capital Analysis and Review (CCAR) framework. As part of CCAR, bank holding companies are required to submit a comprehensive capital plan with three components as follows: planned capital distributions, capital adequacy under base and stress conditions (i.e. capital stress tests), and extensive documentation on the capital planning process.

As part of the CCAR submission to the Fed, BNPP must submit a package to the Fed, inclusive of Capital Plan, 14A template and supporting documentation. The Bank will be required to submit the results of company-run stress tests based on three supervisory scenarios (baseline, adverse, severely adverse) and two internally developed scenarios (baseline and stress).

Responsibilities

Direct Responsibilities

Detailed responsibilities will include (but not limited to) the following:

·   Support BNPP in its efforts to assist with the model development, model maintenance, model execution and validation of statistical and qualitative models

·   Develop and enhance preliminary models and approaches (in partnership with LOBs and functional areas as applicable) to support stress testing

·   Be responsible with data collections, verification, and assembly

·   Performing stress testing, back testing, sensitivity analysis, scenario analysis, etc.

·   Collaborate with key stakeholders to conduct analysis on various topics and help develop potential solutions and/or approaches.

·   Assist in the preparation of regulatory document submissions and interact with regulatory bodies as needed

·   Prepare model documentation and support validation of models as needed

·   Support efforts in the development of new models, analytic processes, or system approaches

·   Develop internal controls for various processes, and support internal audits

·   Assist with reporting as needed

 

Contributing Responsibilities

Technical & Behavioral Competencies

Required Experience:

·   Proven experience in developing statistical models in the financial services industry including loss estimation, PPNR, and RWA (Credit, Counterparty or Market) forecasting

·   Self-starter, ability to work independently in a fast paced environment and deliver solid action oriented results quickly

·   At least 5 years of experience in quantitative roles in Financial Services industry (capital markets knowledge preferred)

·   At least 3 years of statistical analysis and modeling using statistical software (SAS or similar programs)

·   At least 3 years of experience with MS SQL

·   Excellent problem solving analytical skills, detail-orientation, independent thinking, and organizational skills

·   Previous experience dealing with model validation groups

·   Business sense in order to understand quantitative results within the context of the bank's strategy.

·   Strong quantitative and statistical skills (time series analysis, logistic/ linear regression, and segmentation).

·   Working knowledge of current regulatory landscape (i.e., CCAR, Basel)

Required Education:

·   Graduate or post-graduate degree in a quantitative field including Statistics, Econometrics, Economics, Engineering, Mathematics or related field or equivalent experience.

Administrative / Collaborative Skills:

·   Ability to work/ contribute in a team environment across geographies

·   Ability to work on multiple projects at the same time and attention to detail

·   Strong verbal and written communication skills and strong interpersonal skills with the ability to articulate assumptions, methods, and results to peers and management

·   Ability to adhere to strict project and production deadlines, showing strong planning and organization skills

Nice to have skills

·   Previous experience in developing, validating, and maintaining stress testing / forecasting models for various economic scenarios highly desirable

·   Experience with CCAR, DFAST, and stress testing and time series modeling is a definite plus.

·   Experience with Visual Basic and strong Excel formula and template creation proficiency

·   Experience with Capital Markets and Investment Banking highly desirable.

Specific Qualifications (if required)

        

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Ability to deliver / Results driven

Critical thinking

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

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Education Level:

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Other/Specific Qualifications (if required)

 


Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: FINANCIAL AND TECHNICAL EXPERTISEEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 5 yearsSchedule: Full-time Behavioural competency: Ability to collaborate / Teamwork, Decision Making, Attention to detail / rigor, Organizational skills, Proactivity, Communication skills - oral & written, Client focused, Critical thinking, Ability to synthetize / simplify, Ability to deliver / Results drivenTransversal competency: Ability to understand, explain and support change, Analytical Ability, Ability to manage a project, Ability to manage / facilitate a meeting, seminar, committee, training…, Ability to anticipate business / strategic evolution, Ability to develop and leverage networks, Ability to develop and adapt a process