Market Risk Officer

Job Title: Market Risk Officer

Department: Risk Markets & Financial Institutions (MFI) - Analysis & Decision (A&D) - Markets & Liquidity Risk (MLR)

About Business line/Function: RISK

Position Purpose

As part of the RISK function, the mission of RISK MFI A&D Market & Liquidity Risk (MLR) is to provide Senior Management of the Group, of the RISK Function and of Global Markets (GM) with full transparency and dynamic analysis with respect to the market and liquidity risks originated and managed by CIB GM, to assist them in their risk decision making.

RISK MFI MLR is responsible for monitoring and analyzing all market, liquidity and contribute to the counterparty risks analysis on the trading book. Furthermore, they contribute to the approval of transactions from market and counterparty risk perspectives and are responsible for the review of valuations and reserves.

The successful candidate will join the RISK MFI MLR APAC team, which covers the Global Market business in the region. Within Global Markets business, the activities covered include Developed Market Rates, Equities & Derivatives, Credit structured products. This role will have a principal focus on the Equities perimeter.

Responsibilities

Direct Responsibilities

• Within RISK MFI team,
• Monitoring and analysis of market risks.
• Focus on portfolio and transaction analysis across the products and dimensions.
• Monitor and report limit excess and coordinate with trading for actions to rectify the excesses.
• Be a key point of contact for Front Office.
• Anticipation, detection, monitoring, analysis, and opinion on market risk taken:
• 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 the management when relevant.
• Contribution to the analysis of risk topics for exceptional transactions or stress tests.
• Maintain a close working relationship with Regional & Global RISK MFI MLR teams.
• Ensure smooth communication between business and RISK at both regional level.
• Continuously track market dynamics in the region and anticipate the impact from regime change/market event to Global Markets business and entire market.
• Maintain strong knowledge of the valuation and VaR models, and their impact on capital, valuation and market risk sensitivities of the Global Markets portfolios. Ensure VaR and stress test figures and their variations are commensurate with the portfolio composition and can be explained.
• Maintain strong knowledge of profile of risks and products, including model considerations, to engage with Front Office and within the RISK function
• Contribute to the operational control framework of the Bank.
  
  

Contributing Responsibilities

• Work closely with other Market Risk teams to ensure strong collaboration on market risk and counterparty risk topics.
• Contribute to the new transaction/activity approval process through market risk analysis of complex / structured transactions.
• To support the review and approval process of the valuation models developed by Business Units.
  
  

Technical & Behavioral Competencies

• Good knowledge of Risk and FX/ Equity/Fixed Income products, VaR and Stress testing measures
• Good understanding of Option Greeks, options markets, trading strategies and relevant risk management
• Good understanding of Pricing Models such as Black-Scholes, local volatility. Good understanding of stochastic volatility models is a plus.
• Good analytical abilities
• Good interpersonal & Communication skills
• Timeliness & accuracy
  
  

Specific Qualifications

• B. Com/B-Tech/MBA or equivalent / 3+ years of relevant work experience
  
  

Technical Skills

Skills Referential(Required knowledge, skills and abilities)

• Understanding of Market risk measures and computation methodologies
• Understanding of financial products (FX/ Equity/Fixed Income products)
• Understanding of Options Greeks and pricing models
• Understanding of Stress testing measures
• Proficiency in advanced excel and python
  
  

Behavioral Skills

• Ability to collaborate / Teamwork
• Adaptability
• Ability to deliver / Results driven
• Ability to share / pass on knowledge
  
  

Transversal Skills

• Ability to develop and adapt a process
• Ability to understand, explain and support change
• Ability to manage a project
• Ability to anticipate business / strategic evolution
  
  

Education Level: Master Degree or equivalent (>4 years)

Location: Mumbai

About BNP Paribas Group

BNP Paribas is the European Union's leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group's commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union's leading bank 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 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.