About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 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 6000 employees, to provide support and develop best-in-class solutions.
About Business line/Function :
The Global Markets Quantitative Research division is in charge of the modelling, pricing & risk management developments for the entire offering of products within the Global Markets activity. The team operates globally with representatives in London, Paris, Asia and New York and plays a critical role in providing innovative solutions. We are currently pushing to create a new team in India.
Our work requires a strong and permanent cooperation with trading and the Global Markets IT division to ensure all quant developments integrate optimally with the IT ecosystem, thereby ensuring the best deliveries to the business. Our expertise and projects also lead us to be a key contact for both operations and group risk management team.
Job Title:
Vice President
Date:
Department:
Global Markets Quantitative Research
Location:
Mumbai
Business Line / Function:
GMQR
Reports to:
(Direct)
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
BNP Paribas CIB has launched the very ambitious plan aiming to strengthen our organization and adapt CIB to ensure it remains a healthy and sustainable business in the long term, providing solutions to our clients, and core to the Group in its diversified business mix.
In this context, the Global Markets Quantitative Research is tasked to build along with the Global Markets IT a new pricing and risk management platform covering all asset classes for both flow and exotics products. To support this initiative, the bank has decided to create in India a pole of expertise around front office risk management and P&L Explain quantitative analysis. The need for such a team originates from the necessity to harmonize, industrialize, and strengthen our tools to support ever growing trade volumes while ensuring a high level of data quality and coping with more stringent regulations.
Responsibilities
The role being offered is to join this newly created pole of expertise fully integrated in the Functional Architecture team, part of Global Markets Quantitative Research. The job covers the following aspects:
1. Familiarization with BNP Paribas’s risk and pricing framework
2. Use state of the art data analysis techniques to improve anomaly and outliers’ detection while providing insights into the required developments as well as monitor overall data quality and improve the service provided to our clients (trading, MO, RISK)
3. Be a specialist in one asset class (We aim to cover (MACRO (IR / FX / Commodities), CREDIT and EQUITIES)) and become a key contact point for our clients.
4. Identify and fix data quality issues in the daily risks production pipeline (this role may require working shifts)
5. Ensure remediation either locally or in collaboration with central teams of identified issues and weaknesses.
6. Be part of the long-term strategy to improve our analytics and actively participate in its implementation
7. Use your knowledge to train and develop skills of the more junior members or the team
All tasks above are to be conducted in close collaboration with the quantitative team management. By joining us you will become part of a global team with a global reach into the bank.
Technical & Behavioral Competencies
1. Masters to PhD degree in mathematics or engineering
2. Strong analytical skills and technical background in mathematics or computer science. Knowledge of finance is a bonus
3. In depth knowledge of at least one but ideally multiple asset classes
4. Extensive experience with object-oriented languages (C++, C#…) including participation in large scale projects
5. Comfortable with large scale libraries and working with different profiles (quants, IT, MO, Risk)
6. Ability to propose new design patterns and architectures with a strong emphasis on clean and ordered code with a focus on industrialization.
7. Experience working in a global setup and participating in large scale projects
Skills Referential
Behavioural Skills:
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Communication skills – oral & written
Attention to detail / rigor
Transversal Skills:
Analytical Ability
Education Level:
Master Degree or equivalent
Experience Level
At least 7 years