EQD Valuation and Risk Control Analyst

Job description

BNP Paribas Overview

BNP Paribas has a presence in 73 countries with more than 198,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services and Corporate & Institutional Banking (CIB).

BNP Paribas Corporate & Institutional Bank is a leading European investment bank with global leadership in many of our businesses. With nearly 30,000 employees in over 57 countries, CIB can offer you an exciting and truly global career.

At BNP Paribas CIB, 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:

Within BNP Paribas Markets Capital, the team Valuation & Risk Control is in charge of

• Analysis of the standard parameters allowing to calculate the valuation of the books,

• Monitoring of “local” risk limits and analysis of the results realized on the books in the light of the mandates of the traders.

• Control of the good use of the models and their parameter setting for the calculation of the official result.

• Management of the « abnormal trading patterns » follow up process

• Follow-up of the projects on the market data and the economic P&L

• Management of the “X-Risks” Dashboard

The Valuation & Risk Control team intervenes on the whole perimeter where Capital Markets is present, meaning on the principal money markets (New York, London, Hong-Kong, Tokyo, etc).

Paris GECD Valuation & Risk Control is part of the Capital Markets Valuation & Risk Control.

Valuation & Risk Control Capital Markets reports to the global COO of Markets Capital

Key Responsibilities:

We are looking for a valuation and risk controller who will be in charge of the team mandate with a direct link to Trading, Research, Finance and Operations.

Inside a team of a human scale in a dynamic environment, the ideal candidate will be firstly a willing participant with a very good knowledge on the trading book analysis under the three axis Risk-Underlying-Model, secondly a very good communicator able to detail the methodologies used for computation or discuss the results in various committees. But he will also take an active part in the team projects and finally will have the potential and the behaviour to become a new leader in the team.

OBJECTIVES

- Ensure the independent verification of prices for Equity Derivatives activity (EQD)

- Produce reports highlighting the underlying coverage and the IPV (Independent Price Verification) results

- Ensure the control and the validation of the pricing methodologies used for the Official Profit & Loss calculation

- Ensure a close follow up on the market data cartography and pricing config cartography

- Analyse the risks on the trading books

PROJECTS

- Implementation of new processes where the responsibility is being transferred from another team. Identify and request pricing methodology updates with the help of the Market Risk team

- Implementation of new processes coming from regulators decisions

- Work on the automation of manual processes launched via Excel/VBA/Python spreadsheets and/or Access databases

- Improve our internal systems with the help of IT teams

Be proactive in the propositions for the improvement of the actuals process/methodologies

Desired profile

Qualifications :

Skills & Experience Required:

NECESSARY TECHNICAL SKILLS

- Excellent knowledge in Math's or Statistics

- Strong knowledge on a wide range of derivatives products with a good appreciation of their pricing drivers

- Strong programming skills in Python, Excel/VBA & Access

- To be able to work in a demanding environment, with the ability to work well under strong pressure.

- Fluent English spoken

- Excellent communication, quantitative and analytic skills

NECESSARY BEHAVIOUR SKILLS

- To work in a climate of confidence and to adhere to a project or a new organization

- To be very self-disciplined, reactive, able to take initiatives and autonomous in its job

- Constant worry of the good quality of the rendered customer service

- Strong team player as it is important to interact successfully with other team members and management.

- Sense of the risk

- Creativity and Innovation / Ability to solve issues

Conduct:

• 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.

Please note that all applicants must disclose whether that they possess the right to work in the U.K. as per the Immigration, Asylum, and Nationality Act of 2006.