Job Description

About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.

About Businessline/Function :

Global Market Operations also known as COCE (Client Operating Center of Excellence) is further divided into 4 departments i.e. Trade Processing & Support, PnL, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L & Trading Portfolio & controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office's and Regional Finance & other support teams for their BAU.

Job Title:

Associate Level 1 / Senior Associate

Date:

2022

Department:

COCE Product Control

Location:

Bengaluru

Business Line / Function:

COCE Product Control

Reports to:

(Direct)

Manager

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

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

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 Traders, Front Office management, 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

Technical & Behavioral Competencies

Experience/Skills

• 2+ years of relevant financial industry experience
• Practical understanding of option theory and an interest in financial markets
• Ability to explain various option pricing parameters, particularly Equity Options.
• Project coordination skills. Effectively communicate and coordinate across diverse global groups to meet challenging targets.
• Prior Risk, 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, Equities preferred.
• Strong IT skills including Excel, VBA, and PowerPoint. Intermediate to advanced Excel skills.
• 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.

FINRA Registrations Required: Not Applicable

Specific Qualifications (if required)

Masters in Financial engineering or related graduate degree

Skills Referential

Behavioural Skills:

Ability to synthetize / simplify

Ability to deliver / Results driven

Creativity & Innovation / Problem solving

Critical thinking

Transversal Skills:

Ability to manage a project

Ability to understand, explain and support change

Analytical Ability

Ability to manage / facilitate a meeting, seminar, committee, training...

Ability to anticipate business / strategic evolution

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 3 years

Other/Specific Qualifications (if required)

NA