BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, 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.
BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.
Business Area/Dept Overview
This role is within RISK Markets and Financial Institutions (MFI) – Analysis & Decisions – Global Equities Market Risk team. This team is covering the market risk generated by the Global Business Line (GBL): Global Equities, within Global Markets (GM).
Its main responsibilities are:
1. Business line leadership
Centre of expertise and point of contact for the business line, able to provide a holistic view of risks and activities, escalating issues as appropriate. Understanding the application of processes under the responsibility of other RISK MFI teams to the business line.
2. Risk anticipation and detection
Anticipation, detection, monitoring, analysis, and opinion on all market and issuer risks:
- Early identification and in-depth review of hidden risks and potential threats, concluding with a clear view and recommendation for risk mitigating actions.
- Escalation to RISK and business management.
3. Risk control framework
Design and continuous improvement of the market risk control framework including risk analysis tools, limits and stress testing. Holistic vision on valuation and capital metrics, escalating issues or concerns in these areas.
Job Purpose
The role is to assist senior team members in the day-to-day business activities and contribute to a variety of tasks allowing a general introduction to the business of RISK MFI, Global Equities, and Global Markets.
Specific processes managed by this team:
Business line leadership
- Point of contact for Global Markets (GM) on Global Equities market risk topics.
- Articulation of main risks and risk opinion to management.
- Review of and opinion on information and views provided by GM.
- Understanding valuation, capital, funding, and liquidity impact of business line.
- Provide support as business-line expert to other RISK teams.
- Understand business-line valuation models and methodologies and escalate weaknesses and concerns.
- Understand market risk capital framework and escalate weaknesses and concerns.
- Market risk analysis of structured/complex transactions.
Risk anticipation and detection
- Understanding the valuation, risk and P&L of business line activities in the context of current, past and potential market conditions.
- Chairing of Global Equities Main Positions meetings and other forums with Trading, providing independent risk analysis and opinion, escalation of risk topics, and challenge to the business view.
- Providing accurate and appropriate risk information and opinion to the FMRC (senior risk management) and other senior management forums. Escalating risk topics to senior management as needed.
- Performing in-depth, ad hoc analysis, formulating an opinion and escalating as needed, while judging priority, on all market risk topics affecting the business line.
Risk control framework
- Analysing risk within the business line with the tools available, driving the improvement of these tools, and ensuring that risks for which tools or data are inadequate are nevertheless adequately understood.
- Setting and ensuring timely review of market risk limits in line with framework.
- Provide support of IPV methodologies and control of non-tradable/exotic market parameters.
- Review and approval of the market risk of exceptional transactions.
- Approval of amendments to trading mandates for French Banking Law/Volcker Rule desks.
- Definition of risk measurement methods such as stress tests, regulatory measures, and VaR methodologies.
- Contribute to French Banking Law/Volcker Rule control plans.
Start Date: ASAP