The bank for a changing world

We are looking for

Market Risk Transversal Analyst


Standard / Permanent



Job function




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.



Department Overview:


RISK is one of the four integrated control functions of the BNP Paribas banking group. The chief risk officer reports to the CEO and is a permanent member of the group’s executive committee.


RISK’s perimeter encompasses credit and counterparty risk, market risk, funding and liquidity risk, interest rates and FX risk of the banking books, insurance and operational risk. It covers all of the group’s activities and is a global function present in five continents.


RISK’s mission is to advise the bank’s top management 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 the bank’s top management of the status of risks to which the bank is exposed and to contribute to the development and growth of the risk culture within the group.

RISK’s objectives are to accompany the group’s development with a business-minded spirit, to provide fast and reliable information about the risk profile, to offer high quality risk management expertise to the group’s stakeholders, to foster risk anticipation and position ourselves as a prospective watchtower and to prepare the group for high regulatory expectations.


Risk Global Markets (“RISK GM”) is one of RISK’s five business domains. Its mission is to provide the bank’s stakeholders with full transparency and dynamic analysis of the market, counterparty, valuation and liquidity risks managed by Global Markets within BNP Paribas CIB.


Market Risk, one of RISK GM’s three teams is itself composed of four sub-teams: the quantitative analysts’ team, the market risk transversal team, the Strategic Multi Asset Risk Team and finally the operational stream in charge of the coverage of the global business lines (Equities, Commodities, Interest Rates, FX & Local Markets and Credit trading).




Market Risk Transversal (“MRT”) – within Risk Global Markets – complements the market risk operational streams of the Market Risk department. By collaboratively developing and ultimately mobilising subject matter expertise on a variety of technically challenging topics, we facilitate Market Risk’s contribution to critical bank-wide initiatives that will help shape the Bank’s ongoing and future adaptation to the fast changing global financial landscape.

Examples of such projects would be regulation concerning the Fundamental Review of the Trading Book by the Basel Committee, development of enhanced tools to analyse and attribute trading revenue to market trends, adaptation of the bank’s internal risk controls to meet the requirements of French and US regulation concerning the prohibition of proprietary trading (i.e. Volcker Rule) and finally to be a driver in the digitalisation and industrialisation of Market Risk processes.


We also need to master the art of transversal risk understanding practically achieved through building the team on a foundation of experts drawn from Risk Global Market’s pool of talent selected during the formation of the transversal 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, innovative and transversal point of view.


The business lines that we cover include 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 highly motivated individuals who are technically ready to embrace the depth of products encountered in the capital markets today from a technical market risk analysis perspective, who champion diversity with an open mind-set, who are receptive to change and comfortable to fit into a fast pace working environment, who are motivated to learn and who are sufficiently self-driven to achieve their goals.



  • Research, develop and adapt monitoring guidelines for centralised market risk processes.
  • Participate in the building up of an attribution between trading revenues, positions and limits.
  • Contribute to the digitalisation of Market Risk Transversal way of working.
  • Act as Market Risk Single Point of Contact for reviewing the hierarchy of P&L effect.
  • After a few months, animate a stream of the team dealing with the technical implementation of market risk related projects such as FRTB, Var Changes or P&L Explain.
  • Participate to the automation of market risk limit calibration.
  • Participate to the centralisation of the operational methodologies used in reserves and PVA.


  • Proficient written & oral communication.
  • Experienced based knowledge of financial markets and financial products.
  • Motivation to proactively work as part of a team.
  • Curious and highly motivated.
  • Problem solving and ability to offer different perspectives.
  • English fluency.



  • Strong, proven experience in a market or counterparty risk related position and as such a firm grasp of market risk fundamentals for at least one asset class (Equities is an advantage).
  • Quantitative fundamentals from relevant qualification. A minimum of a Master’s degree in Engineering, Financial Engineering, Finance, Maths, Sciences, Economics, Econometrics or related discipline is expected.                                                                                             
  • Excellent analytical and synthesis skills essential
  • Strong hands-on technical expertise / proficiency with Excel / VBA and R or Python;


What this position represents for you:

  • High visibility to Risk Senior Management
  • The prospect of striving within RISK Global Markets and developing further responsibilities
  • A truly diversified role where you can use and further develop a variety of transferable skills.
  • Joining an inclusive and diverse team of young ambitious 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 Global Market, in Head Office and worldwide.
  • A chance to influence the agenda of the Bank’s senior management, and be exposed in return to the priorities, concerns and strategy of the Bank’s leadership
  • The opportunity to consolidate your computing experiences in data analysis.

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