About BNP Paribas Group

BNP and Paribas merged in 2000 to create BNP Paribas. BNP Paribas offers a wide range of financial and advisory services to its clients including large corporates, public institutions and financial institutions. BNP Paribas is a leading bank in Europe with an international reach. It has a presence in over 70 countries, with more than 180,000 employees, including more than 140,000 in Europe. The Group has three operating divisions: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, Corporate and Institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg). BNP Paribas enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNP Paribas Corporate and Institutional Banking (www.cib.bnpparibas.com):

Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions framed in three business lines: Global Markets, Securities Services and Global Banking, all offered to two client franchises: corporate and institutional, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets, and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide: it provides multi asset, post trade and asset servicing solutions for institutional participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.

About BNP Paribas Corporate and Institutional Banking in Mexico

BNP Paribas Corporate and Institutional Banking has maintained a representative office in Mexico since 1966. Over the years, BNP Paribas has significantly contributed to financing Mexico's progression into the 21st century. Notably, BNP Paribas was one of the founding members of Banco Nacional de Mexico (Banamex), one of the largest banks in Mexico, and held a minority share until the nationalization of the banking system in 1982. Additionally, BNP Paribas had established its presence in Mexico over fifty years ago, serving as a key shareholder in Banco del Atlántico until 1982.

In 2021, BNP Paribas Mexico expanded its operations by initiating a fully operational Mexican bank to better cater to its clients through local operations that include global market activities. The services provided by BNP Paribas Mexico encompass trading and market-making activities on interest rate derivatives (FTIIE and XCCY basis), foreign exchange (spot and forward), bonds, repos and reverse repos on government securities. Furthermore, the coverage activities targeting Mexican corporate and institutional clients will continue to grow and develop.

VP – Head of ALM Treasury Mexico

Job Description

Responsibilities

Job Summary:

BNP Paribas' Global Markets offers client service, investment solutions, hedging, financing, research, and market intelligence across assets and regions. FICC, a business line of Global Markets, stands for Fixed Income, Currency, and Commodities.

The Head of ALM Treasury Mexico is in charge of all Liquidity Risk, IRRBB and FXRBB management activities for the BNP Paribas Mexico (“Bank”), among other tasks.

The Head of ALM Treasury Mexico has under her direct responsibility ALM Treasury Analyst. She manages the Mexico Assets & Liabilities Committee (ALCo) for the Bank and is a member of the Committee, chaired by the Country Head.

The Head of ALM Treasury Mexico represents the Bank for ALM Treasury matters in the marketplace and vis-à-vis the regulatory authorities, together with the Territory Management and the ALM Treasury Head Office teams.

The Head of ALM Treasury Mexico represents ALM Treasury vis-à-vis all poles and métiers in Mexico, at a management level. As a senior member of the ALM Treasury global team, the Head of ALM Treasury Mexico is expected to contribute actively to the overall prudential liquidity policy setting and execution.

Responsibilities:

Liquidity Risk Management

• Propose & substantiate & comply with the limits governing the ALM Treasury and/or the Entity’s activity
• Liquidity Guidelines: O/N Guideline, Projected Cash Flow according bank’s needs
• Intraday Liquidity Guidelines
• Entity’s RAS metrics and also regulatory metrics and Mexican Banking Laws
• Propose & substantiate the RAS metrics governing the Entity’s activity
• Providing suitable explanation to the main variations in the RAS metrics
• Maintaining & improving the infrastructure and testing new reports
• Building & maintaining detailed methodological documentation (e.g. modelling, designing, testing, challenges)
• Propose & substantiate specific framework for liquidity risk management in business-as-usual conditions
• Building & maintaining a detailed Liquidity Risk Management Policy for the Entity
• Building & maintaining a detailed Intraday Liquidity Risk Monitoring Procedure for the Entity
• Propose & substantiate specific framework for liquidity risk management in stressed and/or crisis situations
• Anticipating stress and/or crisis situation through early-warning indicators (“EWI”) & expert judgement
• Ensuring good knowledge of the local Central Bank’s liquidity facilities
• Building & maintaining a reliable Liquidity Contingency Planning Policy for the Entity
• Steer liquidity risk in business-as-usual conditions
• Optimizing the liquidity risk positions through an active management of the local balance sheet mismatches
• Contributing to the optimization objectives of the Group’s liquidity buffer excesses investments
• Executing the liquidity buffer investments in the marketplace
• Complying with mandatory reserves requirements (e.g. cash, agro-sector assets, micro-credit assets)
• Monitoring the Entity’s stock of unencumbered High Quality Liquid Assets (“HQLA”) portfolio
• Monitoring the Entity’s stock of unencumbered Counterbalancing Capacity (“CBC”) portfolio
• Monitoring the Entity’s stock of unencumbered Central Bank-eligible assets portfolio
• Monitoring the Entity’s stock of collateral pledged at payment systems and/or clearings
• Steer intraday liquidity risk in business-as-usual conditions
• Monitoring the guidelines for the local currency cash clearing activity
• Monitoring the guidelines for the main foreign currencies cash clearing activity
• Manage liquidity risk in stressed and/or crisis situations

IRRBB and FXRBB Management

•  Propose & substantiate & comply with the limits governing the ALM Treasury and/or the Entity’s activity
• Activity limits: Periodic Gap (“PG”), One-Year Equivalent (“OYE”), Technical FXRBB
• ALCo limits: One-Year Equivalent
• Entity’s RAS metrics
• Propose & substantiate the RAS metrics governing the Entity’s activity
• Providing suitable explanation to the main variations in the RAS metrics
• Maintaining & improving the infrastructure and testing new reports
• Building & maintaining detailed methodological documentation (e.g. modelling, designing, testing, challenges)
• Propose & substantiate specific framework for IRRBB management in business-as-usual conditions
• Building & maintaining a detailed IRRBB Management Policy for the Entity
• Steer market risks in business-as-usual conditions
• Executing FXRBB mitigation strategies in the marketplace (e.g. FX P&L sell-down)
• Executing IRRBB mitigation strategies in the marketplace
• Seeking optimization of IRRBB and/or FXRBB positions by expressing market views with a risk-balanced approach

Credit, Counterparty and Cross-Border Risk Management

• Propose & substantiate & comply with the limits governing the ALM Treasury and/or the Entity’s activity
• CCDG Country Envelope
• Counterparty Risk with financial institutions
• Credit Risk between intragroup entities (e.g. local BNP Paribas Group entities, NOSTRO accounts)
• Cross Border Funding Risk (“CBFR”)

Operational Risk Management

• Propose & substantiate a control framework that is appropriate to the scale, nature and complexity of the existing processes, products and systems Building & maintaining a relevant Risk & Control Self-Assessment ("RCSA")
• Contributing to the assessment made during the Risk Identification review ("Risk Id")
• Contributing to definitions & tests of the Business Continuity Plan ("BCP") for the relevant perimeter
• Propose & substantiate the dedicated & generic control plans relevant to the ALM Treasury activity
• Defining & updating the control plans on a regular basis
• Ensuring proper escalation and identification of any necessary action plan
• Manage any operational risk incidents created and/or affecting the ALM Treasury activity
• Ensuring a detailed declaration performed in a timely manner
• Contributing to the investigation phase and to the definition of remediation actions
• Following up the implementation of the remediation actions

Compliance, Legal and Tax Risk Management

• Perform the execution of the necessary checks performed prior to any transaction
• Counterparties have proper & valid KYC in place
• Intermediaries (e.g. brokers) have proper & valid KYI in place
• Counterparties & Intermediates & Issuers have no additional restrictions (e.g. financial sanctions)
• Counterparties & Intermediates & Issuers tax obligations are complete and up-to-date
• Produce the necessary documentation to substantiate ALM Treasury's compliance with the Banking Laws
• Providing suitable explanation to the transactions & strategies
• Validating the explanation & produced material ahead of being submitted for independent review
• Be responsible for protecting the Group’s name & reputation in the marketplace, notably through an adequate pricing policy
• Be responsible for the management of the tax risks arising from ALMT activities, particularly those concerning the implementation of the intragroup liquidity pricing policy
• Comply with all applicable regulations (local or those defined by Group) and BNPP internal policies as well as Code of Conduct.  This includes but is not limited to Financial Security, Know Your Customer, Due Diligence, Client Interest Protection, Market Integrity, Professional Ethics and Respect for colleagues

CIB Others / Structural ALM Management (on behalf of the local ALCo)

• Propose & substantiate a modeled profile for the Net Equity of the Entity
• Perform the Net Equity investments according to the modeled profile
• Perform the sterilization any IRRBB, FXRBB and Credit Risk from the perimeter

Funding Management

• Produce a dedicated Funding Plan for the Entity
• Performing a detailed analysis of the existing balance sheet dynamics
• Understanding each business line's sources & uses of funding, as well as their objectives ahead
• Studying the particularities and the liquidity trajectory for cash instruments in the local marketplace
• Liaising with the relevant steering teams at local, regional and head office levels to observe the guidelines
• Building & maintaining & sharing with the ALCo the Funding Plan document
• Propose & substantiate & comply with the local framework for Group’s internal transfer pricing mechanisms, defining the local level applicable pricing policies & liquidity objectives (FTP Funding Transfer Price) 
• Respecting the Wholesale Deposit Line (“WDL”) global strategies
• Respecting the Corporate Deposit Line (“CDL”) global strategies
• Respecting the Global Markets ALM Treasury ("GMAT") global strategies
• Perform the explanation to local stakeholders about the main determinants of their liquidity positions
• Supervise the Implementation & maintenance of the systems needed to obtain a proper reporting of the liquidity situation (with the support of relevant Functions and/or Business Lines)
• Engaging in regular meetings with ITO teams to clarify the priorities
•  Participating into relevant Steering Committees to track the status of the developments impacting the perimeter

Resources Management

• Establish & comply with the framework created to mitigate volatility & enable efficiency & allow proper P&L sign-off within the perimeter
• Building & maintaining an appropriate flash economic P&L report
•  Building & maintaining an appropriate Risk Dashboard with the main risk factors related to the activity
• Mitigating the accounting P&L volatility by implementing suitable hedge accounting strategies

Internal & External Supervisory Relationship Management

• Provide assistance & necessary information, in a timely manner, to the internal supervisory bodies, i.e. 1st (OPC), 2nd (RISK, Compliance) and 3rd (IG) lines of defense
• Provide assistance & necessary information, in a timely manner, to the credit rating agencies, i.e. Standard & Poor’s
• Provide assistance & necessary information, in a timely manner, to the external supervisory bodies, e.g. Central Banks, Self-Regulatory Agencies
• Build & maintain a fluent relationship with the local supervisors for any ALM Treasury related topics, in coordination with relevant internal departments

Business Development

• Work with the Territory Mgmt. & Business Lines & Functions to support business development
• Joining transversal initiatives aiming at achieving cross fertilization between departments
• Providing adapted & innovative solutions to increase operational efficiency
• Contributing to the Business Lines’ territory strategy definition & execution
• Participating in relevant TAC / NAC sponsored by the Business Lines

Internal & External Committees

• Act as "Member" at the quarterly local Assets & Liabilities Committee (ALCo)
• Building & maintaining an ALCo Charter
• Contributing to the preparation of the supporting presentation
•  Carrying out the presentation during the meeting
• Preparing the minutes
• Act as “Business Sponsor” at the TAC / NAC / IAC sponsored by ALM Treasury

Competences and Experience

Key Qualifications

• +5 years of experience with ALM-related topics & its dedicated risk framework
• +5 years of experience with  Mexican and/or emerging markets
•  Technical Skills: Deep understanding of FICC products in Mexico’s financial markets.
• Multi-dimensional knowledge of local marketplace’s regulatory framework & instruments
• Necessary skills to properly price local cash & derivative instruments (IRS and FX Forwards)
• Teamwork & Collegiality: Strong interpersonal skills with a proven ability to collaborate effectively across teams and geographies, fostering a collegial and supportive work environment.
• Compliance Awareness: Strong knowledge of risk management practices, regulatory frameworks, and internal controls
•  Languages: Fluency in Spanish and English is essential.

AMIB Registration Required:  

Figura 3 or 5.