The bank for a changing world

Valuation & Risk Control Analyst, FI & Credit

Contract

Standard / Permanent

Location

GB-ENG-London

Job function

OPERATION PROCESSING

Reference

GMO000037

BNP Paribas Overview

The BNP Paribas Group is a leader in banking and financial services, employing over 200,000 people across 80 countries and 5 continents. BNP Paribas Corporate & Institutional Banking (CIB) is a leading European investment bank with global leadership in many of our businesses. BNP Paribas CIB, with nearly 20,000 employees in over 50 countries, can offer you an exciting and truly global career.

At BNP Paribas CIB, we work continuously on behalf of our clients, helping them to realise 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 Asian 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.

 

V&RC are looking to hire a Valuations Analyst to work in Valuations with a focus on credit and interest rate instruments. We are looking for someone who has experience working in the credit and rates business in a valuations team.  A successful candidate will be expected to specialize in price testing and the responsibilities will include;

 

  • Running a number of different price testing reviews (MAPs) including CDS, Bonds & YC’s. Knowledge of MRX, proven VBA skills and familiarity with RAMP are essential for this.
  • Work within a limited time frame as part of a team and produce 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 MAP reviews.
  • Produce accurate reports highlighting coverage and results of MAPS
  • Documenting methodologies for MAP reviews proposed by Risk-GM whilst at the same time constructively challenging the present policy and looking for improvements.
  • Various projects to automate and/or improve our systems with the assistance of IT. This will require a strong working knowledge of RefCAP, GARDS and CDS Checker and the ability to write precise specifications.
  • Build and maintain relationships with other Product Control teams, Front Office, Middle Office, Finance and Risk-GM based on trust, respect and professionalism.
  • Support the Transversal Control team when required and build additional controls that can be handed over to them. This will require a working knowledge of FORMA and experience in risk control environment. 
  • Contribute to other initiatives within the V&RC function, both within the region and in other locations.
  • Sharing skills and ideas across the group along with providing occasional internal training for junior staff.
  • MAP reviews of some IR/FX product and involvement in the Risk controls and related projects.
  • V&RC cover all asset classes (FI, EQD & CIT) and the willingness to move between them and build product knowledge is expected Familiarity with the systems is essential

 


Essential Experience and must have skills.

  • Familiarity with the risk systems described above.
  • Good product knowledge across credit derivatives, especially CDS, ABS and CLOs.
  • Strong Excel skills including strong functional VBA.
  • Familiarity with common areas of financial mathematics complemented by knowledge of market practice.
  • A good understanding of the pros and cons of different market standard price testing methodologies for a number of asset classes.
  • Familiarity with various consensus services used across banks, in particular contributing to MarkIT for FX & IR Vol along with Yield curves is required.
  • The ability to find workaround solutions in the time available.
  • Personal Attributes:

 

  • Ability to interact confidently at all levels
  • Strong written and verbal communication skills.
  • Attention to detail is essential especially when under pressure and time constraints.
  • The ability to see the large picture and the impact your work has on the business.
  • To be able to work as part of a team across V&RC both locally and globally.

Location: London

Salary: competitive

Closing date: Please note that all applications must be submitted by the 25th of December, 2016