Overview

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 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 leader in consumer lending. 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.
About BNP Paribas Corporate and Institutional Banking
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.
Business Overview:
Valuation & Risk Control (V&RC) is a global function part of ITO Global Markets and under Global Markets Product Control department, whose main missions are:
  • In conjunction with Risk-GM (Market Risk), to independently verify and report on the accuracy of market parameters used in the preparation of GECD P&L and Collateral Valuation (IPV – Independent Price Verification).
  • To monitor the trading activity based on common standards and the responsibilities and authorities defined in the trader mandates.
  • In support of trading management, to monitor “local” risk limits and ensure adherence to Trader Mandates.
  • In conjunction with Risk-GM, to ensure that the use of models, parameter sets and calibration parameters is in line with approved set ups.
Responsibilities:
The analyst’s role and responsibilities comprise of the following:
  • Perform the independent price verification across varied Rates / Fixed Income products and activities.
  • Clearly communicate IPV results to stakeholders and produce accurate reports highlighting coverage and analysis of IPV result.
  • Enhance existing procedures and process documentation
Candidate will:
  • 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 reviews.
  • Maintain good working relationships and communication with other Product Control teams, Front Office, Finance and Risk-GM.
  • Maintain clear and thorough records of all controls and be prepared to present and explain to audit
  • Contribute to initiatives within the V&RC function, both within the region and in other locations.
  • Adherence to Global V&RC Policies and Procedures and raise issues to management when practices are inconsistent or unable to be followed.

 

Required Qualifications:
  • Undergraduate degree in Finance, Economics or one of the hard sciences.
  • 3+ years of relevant industry experience dealing with valuation and IPV.
  • Knowledge of Fixed Income products and their valuation with specific emphasis on the valuation of interest rate derivatives.
  • In addition of the above, exposure to either a) Commodity products (Nat Gas and Power) valuation or b) Latin American product valuations.
  • Good IT skills mainly VBA, Excel, Word, PowerPoint.
  • 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.
  • Ability to see the large picture and the impact the work has on the business.
  • Work cooperatively as part of a team across V&RC both locally and globally.
Preferred Qualifications:
  • Masters degree in Financial Engineering or similar
FINRA Registrations Required:

Not Applicable

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