The bank for a changing world

We are looking for

Market Risk Analyst

Apply REF: 1902RSK2187
BNP Paribas is a leading European bank with an international reach. It has a presence in 73 countries, with more than 192,000 employees – including more than 146,000 in Europe and over 4,000 in Portugal alone.
BNP Paribas is present in Portugal since 1985, having been one of the first foreign banks to operate in the country. Today, BNP Paribas has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.
Worldwide, 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, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.
 

DEPARTMENT OVERVIEW

Market Risk Monitoring and Controls – within Risk Global Markets – complements the market risk operational streams of the Market Risk department. By monitoring and analysing the market risk of the various BNP Paribas Capital Market activities and ultimately mobilising subject matter expertise on a variety of technically challenging topics, we facilitate Market Risk’s contribution to critical bank-wide controls.
The team enjoys significant visibility as it allows many interactions with a large number of teams within RISK and Global Market. All team members take an important responsibility in the production and analysis of strategic data for decision-making.
We also need to master the art of transversal risk understanding practically achieved through building the team on a foundation of market risk expert talents selected during the formation of the team. Newcomers to the team will stand to steepen their learning curve at a challenging pace by working with practitioners from across a diverse range of disciplines and backgrounds in order to master the discipline of market risk management with a uniquely entrepreneurial and cross-asset point of view.
We are covering all securities and derivatives from vanilla to exotics across all desks including Equities, Commodities, Interest Rate, Foreign Exchange, Emerging Markets and Credit trading desks. We also leverage off our efforts to support our partners in Risk covering financing and counterparty risk hedging desks (i.e. XVA).
We are looking to recruit individuals who are technically competent to embrace the depth of products encountered in the capital markets today from a technical market risk analysis perspective, who champion diversity with open mind-set, who are receptive to change and comfortable to fit into a fast pace working environment, and sufficiently driven to achieve their goals.
 
 

ROLE AND RESPONSIBILITIES

  • Support and take ownership of the monitoring of trading books metric for Europe notably:
  • Basel 2.5 metrics as Var, sVar and IRC and their daily sign-off.
  • Sensitivities contributing to the Prudent Valuation Adjustment and to the Reserve Framework.
  • Stress Test
  • Main sensitivities Controlled and Monitored by Market Risk
  • French Banking Law and Volcker rule metrics
  • FRTB metrics as Standard Approach, NMRF and P&L Attribution
  • Generally all P&L Explain related metrics.
  • Monitoring and resolving of any data integrity issues identified in the risk tracking system.
  • Participate to the development of a dynamic tool kit that allows this monitoring to be further centralised, automated and digitalised.
  • Participate to the development of controls on those metrics.
  • Improvement of existing monitoring tools and integration into a global toolbox of monitoring tools.

PROFILE

  • A minimum of a Master’s degree in Engineering, Financial Engineering, Finance, Maths, Sciences, Economics, Econometrics, Computation Sciences or related discipline,
  • Proficiency with VBA, Excel, Word and an interest in developing practical solutions to data analysis problems. Knowledge of computing programming languages (Python, R) will be a an advantage,
  • Scientific background and studies is essential,
  • One or Several experiences in another financial position is an advantage
  • Some familiarity with financial products would be an advantage (bond pricing, basic concepts of option pricing and sensitivities) and will be preferred,
  • Exposure to banking regulation issues would be a definite advantage but not a requirement for candidates.
What this position represents for you:
 
  • High visibility to Risk Senior Management
  • A truly diversified role where you can develop a variety of transferable skills, under the constant coaching of experienced risk managers.
  • Joining a highly ambitious team of young talents that is expanding.
  • The opportunity to develop a detailed understanding of the Bank’s products and activities (Capital Markets, Financing activities, ..), both from a conceptual and from a practical viewpoint
  • The prospect of interacting with a large number of people in all areas and at all levels of BNP Paribas worldwide.
  • The opportunity to consolidate your computing experiences in data management.

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, 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.
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.
 
Primary Location: PT-11-LisbonJob Type: Standard / PermanentJob: RISKSEducation Level: Master Degree or equivalent (> 4 years)Experience Level: Not IndicatedSchedule: Full-time Behavioural competency: Ability to synthetize / simplifyTransversal competency: Ability to anticipate business / strategic evolution