Job Specifications
Company Purpose
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our Employer Promise Is Built Around Three Pillars
Being a great place to work
Committed to sustainability and having a positive impact
Being dedicated to the development of our people
Business Area
RISK MFI – Counterparty Risk Team covers the all the below:
Counterparty risks generated by any corporate, financial (incl. market infrastructure) or sovereign counterparty.
Collateral risks generated by Global Markets
Main Responsibilities
Analysis and monitoring of counterparty risk exposures on selected names or portfolios, by:
Understanding the origin of the exposures (specific trades, products).
Designing, in close coordination with Market Risk and credit officers, of relevant risk measurement methods and stress testing, under both internal and regulatory context.
Aggregating and monitoring, in coordination with Market Risk, across products and Business Units market risk sensitivities by counterparty, hence providing a transversal view.
Being the central point of contact with credit officers (corporate, FIs and HFs) and supporting them by providing relevant analysis and organizing dedicated forums.
Defining and maintaining complex overrides, on the global scope of counterparties, for exotic products.
Reviewing and analysing, from counterparty risk point of view, all complex transactions.
Being the central point of contact for collateral within RISK:
Define and maintain eligible collateral policies and organize collateral processes.
Issue recommendation to RISK Credit Officers for non-standard collateral exceptional requests.
Define and monitor the collateral portfolio and concentration envelopes.
Define and monitor the adequate stress test.
Define and validate the specific risk framework for Prime Brokerage activities.
Analysis & monitoring of Economic and Regulatory Measures – including Stress Testing – linked to Counterparty Credit Risk on the global scope of counterparties.
Job Purpose
The Intern position is available within the Counterparty Risk team, part of RISK MFI Analysis & Decisions, based in London. RISK MFI Analysis & Decisions is part of the RISK Function within BNP Paribas.
The Counterparty Risk Team Covers The Following Main Responsibilities
Analyse counterparty exposures generated by all BNP Paribas OTC/SFT and prime services (PB and DEC) activities.
Counterparty coverage includes all Corporates, Financials, Sovereigns, Managed Funds and Hedge Funds across activities.
All derivatives trading activities are covered: Credit, Interest Rates, Inflation, FX, Equity, Commodities as well as Securities Financing.
Analyse new transactions / on-boarding of new clients from a counterparty risk point of view when trades are either complex in terms of pricing or beyond current risk appetite levels (such as Credit Limits, Counterparty specific guidelines and Bank risk policies).
Understand counterparty exposures, mostly through market risk analysis (specific trades, products, liquidity, assessment of potential exotic nature, difficulty to replace the positions).
Design, in close collaboration with Front Office/Market Risk Teams relevant stress-tests on a regular and ad-hoc basis. Analyse results to issue recommendations on market risk sensitivities by counterparty.
Contribute to regulatory projects when necessary.
Monitor the collateral received and posted as part of the financing activities of the Bank but also as part of the CSAs, either as initial margin or variation margin.
Key Responsibilities
Performing analysis on BNP Paribas’ risk by counterparty type (Hedge Fund / non-Hedge Fund), by group/asset manager or by sector. This analysis is done at activity level (OTC/PB/DEC) or across activities. Analysis is generally focused on stress testing and liquidity of the underlying markets.
Performing analysis on BNP Paribas’ collateral positions coming from VM/IM or Financing activities (SLAB/Repo/TRS). Continuous monitoring and analysis of the underlying collateral risk is required, i.e. quality, valuation, concentration & liquidity. Also, be on top of regulatory changes related to it (e.g. BIM).
Presenting the outcome of this analysis in dedicated forums (main position meetings) to the front office or the management of the RISK department. The analyst will summarise the main risk drivers, provide an opinion of the risks taken.
Interacting closely with Market Risk teams as well as traders/sales and T2RS/S&R teams to understand the materiality of the exposure and intricacies of certain types of transactions. Participating in discussions between Risk and Business to define actions to align exposures with current risk appetite levels.
Contributing proactively to the development of the analysis tools. Innovating within the team and challenging existing processes and methodologies.
Identifying main counterparty risk drivers base
About the Company
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 65 countries, with more than 190,000 employees, including more than 145,000 in Europe.
BNP Paribas holds leading positions in its three major operating divisions:
Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval;
Investment & Protection Services for savings, investment and protection solutions;
Corporate & Instit...
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