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P&L and Valuation Analyst Trainee

Job type
Trainee / Internship
Schedule
Full time
Job Function
Digital transformation and data
Brand
BNP Paribas Corporate & Institutional Banking
Study level
Master Degree or equivalent (> 4 years)
Location
Lisbon, Lisbon, Portugal
Sorry, this position is already filled
Last update 02.09.2024
About the job
  • Within the Finance function at BNP Paribas, the Standards & Controls department has among other missions to represent Finance within the Group’s valuation framework and to reinforce the functional animation of the decentralised LOD2s (2nd line of Defense), through direct and intrusive supervision

Your Main Activities Are

  • Conduct the 2nd level of control on Global Markets P&L and P&L Explain production by carrying ad-hoc investigations or complementary controls with the objective to suggest and/or drive improvements of LOD1 process, controls and data
  • Develop the capacity to perform an independent P&L analysis of the Global Markets trading revenues with Finance for Management and Regulators
  • Coordinating the actions of departments involved in valuation (Front Office, Risk-GM, V&RC, MO and other Finance teams), inclusive of the setting of responsibility schemes
  • Responsibility to manage the Governance on Valuation through Monthly and Quarterly committees that aim to validate the level of Fair Value Reserves, IPV, Day One Profit deferral, XVAs, Prudent Valuation
  • Responsible of the methodologies for Day One Profit deferral and Observability (IFRS 13 Levelling)
  • Guaranteeing the comprehensiveness and quality of controls concerning valuation
  • Participating in the methodology discussions linked to Fair Value and Prudent value
  • Resolution facilitation or escalation of valuation disagreements and control deficiencies
  • Reporting findings to Business heads, and to a senior valuation governance forum involving CIB management, Risk and Group Finance

Profile and Skills to Success

  • Master’s Degree in Finance, Financial Markets, Applied Mathematics for Economics or Engineering
  • Fluency in English
  • Basic Knowledge in Python and Excel (including VBA and core functions as Pivot Tables, VLOOKUP, SUMIF)
  • Knowledge of Fixed Income and/or Equity Derivatives products
  • Fixed Income and/or Equity Derivatives related market data and pontentially their sources, and the main associated products knowledge
  • Knowledge of risk concepts
  • Basic knowledge of mathematical finance concepts and models
  • Basic knowledge in Fair value concepts and Marked to Market Valuation methodologies
  • Team player
  • Positive attitude to comply with deadlines and objectives
  • Effective organisation and time management, including ability to prioritise workload
  • Quality focused, detail oriented and problem-solving skills
  • Good communication Skills

About the Team

  • Within Standards & Controls department, Trading Book P&L Oversight team functional responsibility is the LOD2 on Economical P&L and P&L Explain in the Trading Book while Valuation Risk & Governance Team is dedicated to the supervision of the entire Fair and Prudent Valuation chain
#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:
• 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.

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BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

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