Risk Analyst, Assistant Vice President

  • Competitive
  • New York, NY, USA
  • Full time, Permanent
  • BNP Paribas
  • 15 Mar 18

Business Overview: The Intermediate Holding Company (“IHC”) program structured at the U.S. level across poles of activities of BNP Paribas provides guidance, supports the analysis, impact assessment and drives adjustments of the U.S. platform’s operating model due to the drastic changes introduced by the Enhanced Prudential Standards (“EPS”) for Foreign Banking Organizations (“FBOs”) finalized by the Federal Reserve in February 2014, implementing Section 165 of U.S. Dodd-Frank Act.

~~At a global level, the main mission of the Market, Counterparty, Liquidity Analysis and Reporting team (MCLAR) is to provide General Management, CIB and RISK with a global independent view and analysis of key risks, related to market, liquidity, equity and counterparty risks. As such, the team maintains an associated governance framework including business, RISK GM and RISK I2S, comprising recurring committees from Capital Market Risks Committee (“CMRC”) to Main Positions meetings. At a local level, the mission remains similar with a focus on the Americas activity.

MCLAR is part of RISK - ERA (Enterprise RISK Architecture) – RISK SAR (Strategic Analysis and Reporting). Globally, the teams are based in London and Paris, with discrete teams based in Brussels and New York, and each interacts closely with regional RISK SAR teams based in these locations and APAC.

The responsibilities of MCLAR are comprised around three interlinked areas:
• Management Information framework (MCLAR MI)
• Capital Markets Stress Testing framework and Regulatory Measures (MCLAR ST&RM)
• Capital framework (MCLAR Capital)

As BNP Paribas established an Intermediate Holding Company (IHC) over its US subsidiaries, in accordance with the Dodd-Frank Act, MCLAR has an operational bias toward fulfilling IHC regulatory requirements – e.g. Comprehensive Capital Analysis and Review (CCAR). Equally the role covers the local capital process for the IHC and the management information framework for channeling core risk information to senior management, including the Americas risk views (e.g. branch and “risk managed views”).
• Be responsible for running elements of the local management information framework, including qualitative needs, while working alongside other members of the MCLAR Americas team.
• Contribute to the operation and animation of the main risk committees within MCLAR’s scope (e.g. Market Risk Committee (MRC), Stress Testing Technical Committee (STTC), Prime Brokerage Main Positions, etc.), as well as the broader Americas risk managed view.
• Further develop and enhance the stress testing platform for market and counterparty risk locally in New York, but consistent with global processes.
• Work with risk and systems analysts to implement stress tests ensuring the correct identification of the perimeter and system capability limitations that may affect delivery of results.
• Produce and analyze stress test results for coherence, resolving or escalating issues found in the calculations.
• Interpret and implement regulatory and internal requirements for capital adequacy for market and counterparty risk (primarily on economic loss/gain scenarios but also on capital).
• Collate, develop and document explanations of capital related results.
• Animation of the capital analysis and reporting metrics for market and counterparty risks ensuring calculations from a Federal Reserve and US Basel III perspective. 
• Support the wider MCLAR team through contribution to various global risk analysis and reporting topics.

Minimum Required Qualifications
• Excellent verbal and written communication skills (English language) are an absolute requirement, due to the need to establish and maintain contacts and information flow with different teams across the bank.
• Candidates will have an analytical/economics academic background. The candidate is expected to have (or be capable of learning quickly) a solid understanding of the main financial products and their risk drivers.
• The candidate should be able to locally organize tasks in project mode and be able to ensure their timely progress or escalate when required.
• The candidate will be expected to have a general all around IT competence.

Preferred Qualifications:
• Ideally, candidates will have worked in a market or counterparty risk role or has knowledge of risk management through trading or related position.
• Knowledge of capital markets regulation is an advantage.

FINRA Registrations Required:
• Not Applicable


BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

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