Finance Trading Book P&L Analyst

• Take ownership of the 2nd level of control on Global Markets P&L and P&L Explain production, with the mandate of carrying ad-hoc investigations or complementary controls, with the objective to suggest and/or drive improvement of LOD1 process, controls and data. This also involves taking the responsibility of running the monthly P&L Production Committee (PPC) to GM Management, a forum in which several P&L Production KPIs are displayed as well as production issues/ad-hoc investigations are discussed
• Develop the capacity to perform an independent analysis of the Global Markets trading revenues within Finance for Management and Regulators. The knowledge built for conducting the P&L analysis is also leveraged for commenting the Quarterly Volcker metrics on P&L, investigate sources of improvement in P&L Explain data for accurately estimating the capital requirements as part of the RISK prudential processes (VaR, RNIMs, FRTB)
• The two responsibilities are closely linked to each other, as a relevant analysis of P&L requires to understand limitations in data (contribution/pricing issues, methodology choices for simplification) and processes (IT, operational); on the other hand, while performing an in-depth drill down in the P&L and P&L Explain data for performing the P&L analysis, one is able to spot new limitations that will eventually be prioritised for improvement

• Capacity to build knowledge/understanding of: Global Markets trading activities across all Global Business Lines; Global Markets client and hedging products across all asset classes (Equities, Rates, Credit, Forex, Commodities); The Risk profiles implied by these trading positions; Valuation and Risk models developed and documented by GM Research and RISK GM
• Cross-reference data from multiple sources: Various booking systems trade’s definitions/schedules; Front-Office (FO) Economical P&L; FO P&L Explain Step-Reval (full revaluation with path-dependent or path-independent methodology); FO P&L Explain Risk-Based
• FO sensitivities for the set of Risk Factors (RFs) used in FO P&L Explain Risk-Based but also for the sets of RFs used in various RISK GM monitoring and prudential processes; Front-Office Client Contribution data; RISK GM P&L Explain Risk-Based used in current VaR; RISK GM Risk-Theoretical-P&L used in the near future for FRTB P&L Attribution tests; Various sources for Market data and internal contribution in function of asset classes

• Master’s Degree in Finance or Financial Markets, or Engineering in Applied Mathematics for Economics/Finance
• Professional experience in Market Risk management or Market Finance within the Banking sector including audit and consultancy firms would be appreciated
• Fluency in English
• Knowledge of Fixed Income and/or Equity Derivatives products (bonds/stocks, swaps/forwards/futures, options vanillas/exotics, Repos)
• Knowledge of Fixed Income and /or Equity Derivatives related market data (rates, volatilities, correlations…), and potentially their sources, and the main associated products
• Knowledge about risk concepts (delta, vega, VaR…)
• Understanding of the basic concepts and models in mathematical finance
• Knowledge in Fair value concepts and Marked to Market Valuation methodologies on derivatives in particular would be appreciated
• Team player
• Positive attitude to comply with deadlines and objectives
• Effective organisation and time management, including ability to prioritise workload
• Quality focused, detail oriented and problem-solving skills
• Good communication Skills
• Proficiency of Excel (including VBA and core functions as Pivot Tables, VLOOKUP, SUMIF) and Access
• About the Team
• Within the Finance function at BNP Paribas, the Standards & Controls department has among other missions to represent Finance within the Group’s valuation framework and to reinforce the functional animation of the decentralised LOD2s (2nd Line Of Defense), through direct and intrusive supervision. Within Standards & Controls, the Group Financial Controls / Trading Book P&L Oversight function’s responsibility is the LOD2 on Economical P&L and P&L Explain in the Trading Book

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• Leading banking institution
  

BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.

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In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group’s 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.

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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/paternity, 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.

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• 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 modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.

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.