About the job
- RISK I2S CRC acts as a 2nd Level Control Function and its primary missions is to ensure that credit/counterparty risks taken by the Bank are monitored correctly and to provide selected credit/counterparty risk reporting as required by RISK Management, Bank Management, Business units and others.
Your Main Activities Are
1. Excess Management
- Identify and follow up of transactions done by the business beyond approved risk limits. This includes the analysis of the reason of the excess (passive excesses, technical excesses, transaction done in excess of approved limits, etc.) and follow up investigations.
- Interact regularly with Front/Middle/Back Office and RISK I2S Credit Analysts/ RISK Corporate to ensure that appropriate actions/decisions are taken on excesses in a timely manner
- Ensure that all excesses are adequately closed in the Excess Management Tool (NEM) to enable adequate monitoring/recording of excesses
- Provide to CRC Hub coordinator the TMV to be issued, including investigations, checks and Delegation Holder recommendation
- Interact with CRC Hub coordinator in the framework of the excesses? review (providing further details/investigations, updating closure status if required)
- Validate that trading lines are activated in accordance with Credit Committee decisions related to ISDAs and other agreements governing capital markets activity
- Monitor, follow-up and report on exceptions to approved credit limits on a regular basis (Validity dates, Trader/Marketer Violation Report)
- Identify on a regular basis the list of counterparts in excess of their credit limits (All Outstanding Excess Report) and liaise with the various stakeholders to ensure that appropriate actions are taken to solve those excesses
2. Risk Monitoring and Reporting
- Provide (at local, regional, global level) credit risk exposure information on counterparts and product lines under CRC responsibility to the Business, RISK teams and Audit /Inspection, with additional analysis where necessary
- Monitor and ensure risk reporting of all specific activities as they appear in the CRC Operational procedure, such as Hedge Funds risks, Claim Paying Abilities, Contingencies or Prime Brokerage
- Follow up with the various stakeholders on the exceptions identified in those reporting
- Adapt the monitoring to fit the needs of RISK I2S-CRC's clients (RISK I2S streams or Credit Officers, RISK GM, etc)
3. Management & Integrity of Risk Data
- Ensure the ongoing quality of data held in Credit Risk Tools (CAT, NEM, CRT Reporting) and sent to bank-wide consolidating reporting systems: Credit Analysts portfolios, Annual review dates, etc
- Contribute to the identification and resolution of booking, system & other technical problems that could have an impact on the management of counterparty risk.
Profile and Skills to Success
Education:
Strong academic background in a quantitative field such as applied mathematics, economics, finance, statistics and others, with a minimum Master degree
Experience:
5-10 years in Banking, Consultancy (finance) or Risk Management or other relevant mathematical areas.
- Languages: English (fluent), second language (professional efficiency)
Skills:
- Strong and proven analytical and quantitative skills
- Adaptability and proactivity
- Ability to organize and prioritize high volume workloads
- This role will expose the candidate to a wide range of professionals within the bank. ?Therefore communications skills, both written and verbal, play essential part in the day to day role
- Team spirit and ability to work with others
- Advanced knowledge of Microsoft Office (Word, Excel, Access, PowerPoint)
- Basic knowledge of one of the programming/Scripting (Python, R, VBA)
- Expertise over the whole range of financial products, their behaviours and risks
- Self-driven and organized
- Rigorous and reliable
Why joining BNP Paribas?
- Leading banking institution
BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe's banking history. It has a presence in 68 countries, with around 193 000 Employees ? including more than 148 000 in Europe.
Since 1985, BNP Paribas was one of the first foreign banks to operate in the country. Today, the Group has around 6.500 employees across several entities operating directly in the territory, offering a wide range of integrated financial solutions to support its clients and their businesses.
Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions: Domestic Markets and International Financial Services for retail banking and specialised financial services, and Corporate & Institutional Banking for corporate and institutional clients.
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.
- Diversity and Inclusion commitment
BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively 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. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.
To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal
- Please note that only applications submitted in English will be considered.
- In case you are selected for this role, further documentation will be requested to support your hiring process.
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