About BNP Paribas:
BNP Paribas is a leading bank in Europe
with an international reach. It has a presence in 72 countries, with more than
202,600 employees, of which almost 155,000 in Europe. 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, corporates and institutional clients) to
realize their projects through solutions spanning financing, investment,
savings and protection insurance.
In Europe, the Group has four domestic
markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance
is the European leader in consumer
BNP Paribas is rolling out its integrated
retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe
and a large network in the western part of the United States. In its Corporate
& Institutional Banking and International Financial Services activities,
BNP Paribas also enjoys top positions in Europe, a strong presence in the
Americas as well as a solid and fast-growing business in Asia-Pacific.
Candidate Success Factors:
Candidates will be measured on the following four performance drivers
that will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Leadership and Collaboration
- Client, Customer and Stakeholder Focus
- Compliance Culture and Conduct
Manage a team of professionals responsible for
the independent Price Validation of all fixed income instruments traded in
Independent Price Verification (IPV) processes for Fixed Income products with
emphasis on credit, rates and LATAM products
projects, implementing new processes, re-engineering and industrializing
current processes. Ensuring handover and methodology documentation on the
parameter review processes are up to date and signed off by management.
innovative enhancements to valuation methodologies. Implementation through
consultation with and validation from local and global Risk (Risk-GM) and
Financial Control groups.
- Effectively manage
relationships with Front Office, Risk-GM and Research.
- Communicate effectively with senior management the results of the
IPVs and highlight ongoing issues.
Contribute to the evolution of the price
verification processes. This includes identification of the instruments that
create risk in the corresponding parameters and the assessment of alternative
checking methods and sources. Analyze and question current processes and
contribute to their improvement.
Actively and regularly coordinate with V&RC
Central colleagues to ensure:
IPV and pre-IPV schedules are agreed and followed
Results are accurately communicated and included
in Global Reporting
Global practices are understood and harmonized
Contribute to the maintenance of the matrix
(market data cartography) that records the details for all parameters used in
the Official PnL,ensuring that all parameters are controlled and accounted for
and changes are properly authorized.
Organize and store all month end reviews and
relevant materials, ensuring that records are accurate and complete. Carry out
periodic reviews to ensure that documentation is adequate for internal and
Work within a limited period as part of a team and product accurate month end corrections. This might require discussion and timely conclusions with the Front Office and Risk-GM related to the quality and accuracy of the reviews.
Maintain good working relationships with other Product Control teams, Front Office, Finance and Risk-GM.
Minimum Required Qualifications
Undergraduate degree in Engineering, Finance,
Economics or Mathematics with high academics.
7+ years of relevant industry experience dealing
with valuation and IPV of which 2 as a manager
In-depth Knowledge of valuation of all Fixed
Income instruments including complex derivatives, swaptions, CDS, Repos, Loans,
Interest Rate and Currency Swaps, Bond options, Corporate bonds and LATAM
Knowledge and understanding of options basics
(Pricing/Models, Greeks, P&L effects, etc)
Excellent IT skills including VBA, Excel, Python,
Power BI. Quick to assimilate new technology/systems and adapt into processes.
Strong written and oral communication, listening
skills, including ability to concisely summarize findings and progress to
management, especially in short timing under pressure.
Ability to think critically, identify gaps in
current controls and suggest improvements to existing processes.
Ability to think in a control mindset, ensure all
work is recorded, documented and readily available for audit.
Ability to work in a global organization and
build effective relationship with other counterparts/regions.
Must be organized, accurate and attentive to
Must work well both within a team and
Ongoing curiosity in the evolution of the market
environment, the organization and the bank’s business.
- Masters in Financial
engineering or related graduate degree
- CFA, FRM or
FINRA Registrations Required:
BNP Paribas is
committed to providing a work environment that fosters diversity, inclusion,
and equal employment opportunity without regard to race, color, gender, age,
creed, sex, religion, national origin, disability (physical or mental), marital
status, citizenship, ancestry, sexual orientation, gender identity and gender
expression, or any other legally protected status.