Job Title: Data Management  Analyst Hedge Funds

Department: FIC ICAT

About Business line/Function: 

Financial Institutions Coverage (FIC) is a department in charge of the relationship management of key Financial Institutions, building long-term relationships and promoting the full portfolio of Business solutions BNPP can offer. 

Within FIC, the Institutional Credit Analyst Team (ICAT) is a key domain of the first line of defense of the Bank, in charge of the assessment of Institutional clients’ credit profile and recommendation to delegation holders of credit authorizations. 

The team covers all type of Financial Institutions: Banks, Insurances, Sovereign, Brokers, other non-banks financial institutions, pensions funds, funds, hedge funds, regulated funds, funds of hedge funds, agency arrangements and asset managers.  

Position Purpose:

The Data Management Analyst will be actively contributing to the credit process and risk monitoring of Hedge Funds worldwide, in tight collaboration with Credit Teams and RISK MFI in the regions.

Responsibilities

Main responsibilities

1.           Net Asset Value Data (NAV), Performance and Risk Metrics Data Collection and Management

ü  Collect NAV, Performance, Leverage, Liquidity and Sensitivity data on a portfolio of Hedge Funds from various sources (emails, Asset Manager websites, Fund Administrators, External providers) and enter into internal credit systems for use in various risk forums and to meet regulatory expectations around hedge fund oversight

ü  Liaise with portfolio credit analyst coverage to develop understanding of key risk metrics and nuances of how individual clients report/calculate their statistics to ensure accuracy and consistency in our data collection 

ü  Ensure all legal clauses relating to NAVs are present and correctly updated in RISK Navigator by the credit officers, such as NAV Trigger Levels, Including or Excluding Redemptions, NAV Floors. 

ü  Ensure that updates are performed with a maximum delay of 30 days after reporting date

ü  Ensure that newly onboarded Hedge Funds are properly captured and that NAV/performance history is updated asap in RN tool

2.           Organize and Prepare the Monthly HF NAV monitoring forum

ü  Organize the Monthly HF NAV monitoring forums with credit teams in each region (retroplanning with CRC and Credit Team, book the meeting)

ü  Provide justification for missing/late NAV updates, missing triggers, Large NAV moves and NAV trigger breaches for the Monthly HF NAV monitoring forum in coordination with the credit analysts

ü  Formalize and circulate minutes for the Monthly HF NAV monitoring forums

ü  For all NAV Triggers breaches, these must be escalated to delegation holders and an action plan for resolution must be agreed internally between RISK and Coverage before reverting to the Fund. 

3.           Risk Reporting & Monitoring 

ü  Perform data extractions, produce statistics/indicators and presentations for reporting exercises under the supervision of Senior Team members;

ü  Contribute to Excess Management and closing of excesses;

ü  Contribute to the quality of process: use adequately the workflow system, maintain critical client data, interact when needed with the various stakeholders of the credit process  

4.           Assist Credit Analyst Team with Key Approval and Underwriting Processes 

ü  Work with coverage analysts to help with credit approval documentation for certain higher volume/velocity accounts to meet expectations for onboarding

ü  Over time, begin to train on trade analysis and approval processes to help the team deal with the heavy global flow of daily derivative and financing trade requests to be risked out for initial margin requirements and compliance with internal risk limits and guidelines

ü  Other ad hoc projects to help the credit team stay on top of deliverables around portfolio monitoring, client onboarding, annual credit reviews, trade analysis and various risk governance forums  

Technical & Behavioral Competencies

·       Strong and proven analytical skills

·       Adaptability and proactivity, multitasking

·       Strong presentation and communication skills (verbal and written)

·       Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint)

·       Self-driven and organized

·       Rigorous and reliable

·       Stretch to meet tight deadlines when required

·       Fluent in English

Specific Qualifications:

Master’s/Bachelor’s degree in Banking, Finance, Economics, Risk Management, Financial Markets or other relevant areas. 

At least 2 years experience in a similar function

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

• Ability to develop and adapt a process
• Analytical ability to learn key credit metrics for the hedge fund sector

Behavioral Skills: 

• Adaptability and proactivity, multitasking
• Communication skills – Oral & Written
• Self-driven and with strong organizational skills
• Attention to detail and rigor
• Time management to stay on top of a fast moving business with high volumes of data to decipher and process 

Education Level: Masters/Bachelors degree or equivalent

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.