This job has expired, please see additional jobs below
Analyst – Transversal Control Specialist
BNP Paribas
Jersey City, NJ, United States
Job Details - this job has expired, please see similar jobs below
About BNP Paribas:
BNP Paribas Group
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, corporate 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.
www.cib.bnpparibas.com
Business Overview:
Valuation and Risk Control (V&RC) is a global group performing controls across Global Markets involving all product asset classes including risk limit controls, trader mandate management and Independent Price Verification.
V&RC Transversal Control (V&RC TC) is a distinct group within the V&RC organization, whose main objectives are:
• Perform controls over end-of-day and intraday risk limits
• Ensure compliance with trader mandates
• Escalate and report breaches to management
Responsibilities:
• Contribute to Risk Control framework: End-of-day Risk Limits, Intraday Risk Limits and Trader Mandates. This increasingly complex and demanding function requires ongoing participation in process execution, analyses, and project coordination by all team members.
• Ensure that daily end-of-day/intraday limits and mandate breaches are investigated, understood, promptly escalated according to the global policy and all the comments are well documented in the daily/weekly/monthly summary reports and Dashboard.
• Particularly regarding the risk limits monitoring there is a need for constant dialogue and interaction with Front Office management, the Risk and Operations department and IT to:
◦ Understand the methodologies used to compute the market risks indicators in the risk systems to calculate end-of-day risk and Intraday risk limits
◦ Identify, research and resolve limit discrepancies between the FO system and Risk system
◦ Identify inconsistencies across risk indicators
◦ Coordinate with other internal groups to resolve issues and post accurate market risk in the official Risk system
◦ Ensure control exhaustiveness
• For the trader Mandate management function:
◦ Understand the different mandate characteristics and controls across the various product asset classes
◦ Identify, investigate and escalate policy breaches
◦ Summarize and report outstanding issues to global V&RC management, coordinate to resolve the issue (ie: update the mandate systems globally, amend the mandate reconciliation logic)
◦ Ensure timely signoff if Trading Mandates by FO personnel
◦ Ensure control exhaustiveness
◦ Changes are documented and exhaustively maintained.
• Implement new controls and processes arising changes in the regulatory environment such as Volcker and the French Banking Law
Minimum Required Qualifications:
Experience/Skills
• 1+ years of relevant financial related industry experience
• Project coordination skills. Effectively communicate and coordinate across diverse global groups to meet challenging targets.
• Prior P&L, Product Control or Audit experience or other experience working in a control function
• Working product knowledge across a wide range of asset class.
• Strong IT skills including Excel and VBA .
• Technically strong in areas of financial mathematics complemented by knowledge of market practice.
Personal Attributes
• Strong control oriented mindset
• Thrive under tight deadlines to produce accurate and thorough results. Attention to detail is essential especially when under pressure and time constraints.
• Strong written and verbal communication, listening skills. Ability to effectively communicate to various audiences (senior, junior, trading, IT, non-technical, audit, etc.)
• Results/Solutions driven: Manage constraints and competing priorities; ability and mindset to compromise and build consensus to optimize outcomes
• Intellectual interest in operational risk; overall concern over the effectiveness of the bank’s control structure.
• Ongoing curiosity in the evolution of the market environment, the organization, and the bank’s businesses.
Preferred Qualifications
• Masters in Financial engineering or related graduate degree
FINRA Registrations Required:
• Not Applicable
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
BNPPRSR