Counterparty Risk Management Information Manager - Vice President
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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.
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BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.
Job Purpose & Scope
• Purpose: working on the analysis and reporting of counterparty credit risk (CCR) in line with the team's mission statement.
• Scope: Global responsibility in line with MI CCR's team mandate (i.e. across all activities and regions).
Key Responsibilities
• Participate in the production and review of the management information framework, while working in coordination with other members of RISK and Metiers. The candidate will be responsible to analyse and explain metrics such as Current Exposure (CE), Potential Future Exposure (PFE), Credit Valuation Adjustments (CVA), stress tests, initial margin, liquidation cost.
• Coordinate and prepare the material discussed during the main risk committees within the MI CCR scope (e.g. FMRC, Main Positions forums for CCR such as the Hedge Funds and Regulated Higher Risk Funds Main Positions or Global and FI CCR Main Positions) including key highlights or focus papers in order to meet management needs. Identify key risks for advance discussion and take ownership of assigned sections with limited need for guidance / roadmaps.
• Manage the production of other relevant / on demand reports to the Board and to Group, Businesses and RISK Management, as well as requests from ratings agencies, regulators and auditors. Taking end to end ownership of elements.
• Review the quality and efficiency of work within the team and evaluates business and industry trends to formulate recommendations to improve services that align with best practice, ongoing organisational strategies and legislative requirements. Contribute to the development and establishment of appropriate reporting and monitoring standards (e.g. NBFI).
• Manage relationships with key stakeholders across RISK department, Business and / or externally to ensure that a high quality integrated service is provided on time. Participate to current and future initiatives on CCR and assist with the delivery of small-scale projects or well-defined tasks on major projects within the RISK function (e.g. CCR Sales Dashboard).
• Influence and support members of the team by leading in decision making and approach where problems are more complex and require sophisticated analysis or experience. Act as a point of escalation for more junior staff.
• Contribute to process improvement and innovation efforts by further develop / automate tools and processes (industrialization) that quantify, explain and convey risk insight, to expand and streamline analysis being performed today at different levels of aggregation across the bank.
• Support the wider RISK MFI MI team through contribution to various global risk analysis topics.
The Requirements
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Essential
• Expert in counterparty risk and good working knowledge of a wide range of RISK and companywide policies, procedures, regulations and legislation; knowledge of best practices in risk management processes.
• Excellent analytical skills with the ability to translate technical concepts and provide specialist guidance and advice to others.
• Strong people management skills and an ability to work with individuals to set individual objectives and manage performance to ensure their delivery.
• Expert in managing / facilitating a meeting or committee; excellent communication skills oral and written.
• General all round IT competence.
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Preferred
• Qualifications / Certifications: FRM
• Skills Technical: Python (Basic); Market Risk Knowledge (Proficient)
• Skills Behavioural: Creativity and Innovation / Problem Solving (Proficient); Ability to develop and adapt a process (Proficient); Ability to develop and leverage networks (Proficient)
Skills Management: Ability to Inspire Others / Generate Commitment (Proficient); Personal Impact / Ability to Influence (Proficient)
Equal Opportunities
BNP Paribas promotes equality of opportunity and is committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation.
As an employee with BNP Paribas London Branch, we want to make sure that you are rewarded for your commitment. As such, you will be entitled to our award winning benefits package which includes a generous holiday allowance of at least 34 days (including bank holidays), a non-contributory pension of 12%, private healthcare, GP service and dental cover all as standard, along with a number of personal insurances such as income protection, life assurance and personal accident insurance. We believe in ensuring all our employees have a positive work life balance so in addition you will also have access to a variety of flexible lifestyle benefits such as cycle to work and green car leasing schemes, season ticket loans and reduced cinema and gym membership to name a few.
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