About the job

• The position is a Market Risk analyst role within RISK Market & Financial Institutions (RISK MFI), focusing on structural and exotic risks held in the trading books of BNP Paribas Global Market. RISK MFI provides the Senior Management of the Group, of the RISK Function and of Corporate & Institutional Banking (CIB) with full transparency and dynamic analysis and monitoring of market, counterparty, liquidity risks originated and managed by CIB (Global Markets) GM and of credit risks on Financial Institutions to assist them in their risk decision making and monitoring. The role reports into the (Market and Liquidity Risk - Exotic & Structural Transversal Risk) MLR - ESTR team. The Market Risk analyst provides a holistic and transversal view of the structural market risks across Global Markets. They also analyse the market risks created by the various exotic derivatives businesses of BNP Paribas notably by conducting in-depth review of the less common or hidden market, valuation or issuer risks. The team can also regularly challenge the monitoring, tooling, and framework in place to monitor such structural and exotic risks. This can involve designing and running stress-testing on the trading book positions. It also involves reviewing specific new products or transactions. The MLR-ESTR regularly interacts with all other market risk teams (of which the methodologies and validation ones), with representants of Global Markets of which the trading desks and the quantitative research, with the valuation risk teams and with RISK IT. The role requires agility to onboard oneself onto new topics to support the analysis or monitoring conducted by other team members or stakeholders. We are looking for a quantitative profile who’s developed an understanding of the financial market products and their market risk dynamics.

Your Main Activities Are

• Maintain strategic oversight of exotic, structural, and transversal risks across the Global Markets business lines
• Risk Analysis and Reporting: Identify, measure, analyse and communicate market risks to senior management 
• New and Undetected Risks: Lead MLR efforts in the detection and anticipation of significant market risks and issuer risks participate to the definition and assessment of the risk management framework for new trades, products and activities
• Develop, compute and analyse market stress-test scenarios and contribute to the continuous improvement of the existing stress-testing framework
• Contribute to the work performed by the Valuation Model Risk team in understanding and challenging choices made in terms of model assumptions or valuation adjustments methodologies
• Contribute to topics led by other RISK teams e.g. on regulatory topics, (Profit and Loss) P&L explanations, and process industrialization
• Articulate the main market risk and formulate risk options to RISK Management
• Challenge and opinion on the information and views provided by the trading desks
• Understand the valuation, market risks and P&L of the product or portfolio under analysis
• Analyse the risks with the tools available and drive the improvements of those tools
• Review and aprove transactions that are outside the usual mandate of the trading desks
• Develop and adapt Stress Tests to the trading desks positioning and their market environment

Profile and Skills to Success

#LI-Hybrid

Why joining BNP Paribas? 

BNP Paribas, the European leader in banking and financial services in Europe, operates in 64 countries and has nearly 180,000 employees. The Group is structured around three operating divisions. Its business lines cooperate closely, as part of our integrated model, to meet the needs of all our clients in a coordinated manner:

Our presence in Portugal

In Portugal since 1985, BNP Paribas today has more than 9.700 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 excellence centers providing value-added services to various countries where the BNP Paribas Group also operates.

Diversity and Inclusion Commitment

BNP Paribas´ ambition is to cultivate an open and responsive environment for all that encourages collaboration and interaction. We demonstrate our commitment by actively contributing to the Group’s Diversity and Inclusion strategy and goals, in line with the United Nations Sustainable Development Goals. As part of our local Corporate and Social Responsibility - Diversity & Inclusion strategy, BNP Paribas Portugal is committed to:

To foster the effort of BNP Paribas Portugal, multiple initiatives and events take place throughout the year where our people can find out more on the importance of diversity inclusion at the workplace and in our society.

Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working options adapted to our hybrid working environment. To ensure a comfortable and efficient working setup, eligible employees are provided with both office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional items at reduced prices. 

Commitment towards work/life balance

Supporting employees in a hybrid way of working while providing them with the means to maintain a work-life balance is an essential dimension of our Smart Working program. At BNP Paribas, we care about our employees’ wellbeing and promote a culture of good integration between work and personal life. 

To find out more on why you should join BNP Paribas please read our Employee Value Proposition and our Career path page.

* 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.