Market Risk Officer - G10 Rates
Standard / Permanent
BNP Paribas Overview
BNP Paribas has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services and Corporate & Institutional Banking.
At BNP Paribas, we work continuously on behalf of our clients, helping them to realize their projects around the world. You can be an important part of this, helping us to serve our clients both in mature and emerging markets, providing them with financial solutions across a diverse range of expertise, products and services. Our origins lie in Europe, but nearly a quarter of our employees now work in our multi-award-winning Asia Pacific offices and we are a committed player in all markets.
Strong risk management, combined with the stability that comes from being part of one of the largest banking groups in the world, underpin our success. Joining us, you’ll become an integral part of a dynamic team that spans nationalities, cultures and backgrounds, drawing together people from around the globe and reflecting our commitment to international placements.
The key mission of the Risk department are:
To advise the Bank on risk appetite definition
To contribute as an objective “second pair of eyes” that risks taken on by the Bank align with its policies
To report and alert Bank Management of the status of risks to which the Bank is exposed
To contribute to the development and growth of the risk culture within the Group
Market Risk Officers are in charge of longer term risk & valuation methodology analyses and development for G10 Rates London Market Risk. Specifically they are responsible for delivering on our 'Risk Focus' risk advisory programme; the topics of which are established with senior management in Risk. Furthermore they take a leading role on: 'Valuation Methodology Event (VME)' analysis/documentation, New or Significant changes to Limit frameworks, Risk Analysis development (including the Capital Markets Risk Committee Local Stress Testing framework for G10 Legacy) and Deal approval (Exceptional Transactions, Transaction Approval Committees, New Activity Approval Committees).
Skills & Experience Required:
Extensive experience working in market risk, market risk methodology, trading, quantitative research or model validation team in a major international bank with significant capital markets activity.
Significant experience in bank capital models methodology.
Significant experience communicating & working with European Regulators such as the ECB on technical subjects.
Multi-Asset Class background so as to bring fresh points of view to a Rates environment.
Experienced in practical aspects of using models to risk manage derivative products and an awareness of the dangers of doing so
Demonstrable problem solving skills under pressure.
Education: the successful candidate should have at least a 2:1 in a numerate degree (Engineering, Mathematics, Physics etc.)
Languages: Fluent spoken & written English is essential.
Skills: Proficient use of VBA, SQL, Access for Windows is an advantage.
Be a role model, supporting and fostering a culture of good conduct
Demonstrate proactivity, transparency and accountability for identifying and managing conduct risks
Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure.
[For managers only] Take responsibility for your team’s conduct and conduct risks.