Vice President – Counterparty And Credit Risk Manager

Business Overview:

Within the newly created GM-CCR team (counterparty and credit risk team), the person will be the CCR expert for AMERICA hedge funds, funds and sponsors.

His role may extend to other counterparties (banks, corporates, etc.).

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Creates trust with colleagues.
• Able to build relationships with a mix of colleagues and clients.
• Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
• Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
• Compliance Culture and Conduct:
• Results and Impact
• Acts in leadership capacity for projects, processes, or programs.
• Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
• Client, Customer and Stakeholder Focus:
• Demonstrates good judgement when making decisions of high complexity and impact.
• Able to influence peers and team.
• Demonstrates the ability to influence stakeholders at the team level.
• Exercise appropriate autonomy in the execution and delivery of work.
• Interacts regularly with management and department leaders.

Responsibilities:

The role covers the following items of the team mandate for AMERICAS based hedge funds, funds and sponsors:

• Coordinate with Coverage, credit analysts, RISK and legal to strengthen the analysis of the risk profile of our counterparties. Be the Go-to person within GM for transversal or prominent CCR topics relating the the counterparties in scope.
• Identify with key GM stakeholders the prominent CCR and ensure the coordination of first line in the definition of GM envelopes/requests (incl. risk mitigation/margining).
• Review with key business stakeholders the main exposures in coordination with other T2RS teams where needed. Participate to the relevant dedicated forums.
• Receive upstream CCDG requests (and other prominent Credit Committee) and be the co-representative of GM at CCDG alongside the relevant business sponsor and any TAC chairperson.
• Assess early warnings. Coordinate GM adaptation and potential risk mitigation actions, in coordination with the relevant T2RS teams

The most critical contribution is to have a view on the calibration of risk appetite for each counterparty. Liaising with TRS & RISK to understand tail risk of client trades, to identify situations of concern requiring escalation (pre trade or post trade) or action (post trade) based on early warnings (from KYC, FIC or ICAT, public news) or from the portfolio (stress tests, alternative metrics), or from any ratio combining those data are important examples to achieve this goal.

The role includes interactions with GBL (sales and traders), TRS, SOO, ICAT, FIC and RISK.

The role includes close coordination with GM CCR global experts based in EMEA.

It is expected that part of the time will be also allocated to doing the same work for other institutional clients (Banks, insurance companies…) and corporates.

Minimum Required Qualifications:

The person has a good understanding of all Global Markets products and their specific risks, grounded on at least 10 years of experience of Global markets products. The person has a strong experience of CCR matters and of the various factors influencing the credit strength of a counterparty. The person has a good understanding of market risk metrics (greeks).

The person is able to identify situations of concern based stress tests, or complementary metrics or a description of the cash flows of a trade, and the information related to the client (size, strength, correlation,…).

The person has enough experience of various legal matters to understand their respective importance in CCR considerations, and is able to connect with legal teams for further analysis.

The person is able to represent global markets in the most senior forums and committees of the group (CCDG, FMRC, …).

The candidate should have at least 10 years of experience of global market products (from the trading floor or from RISK), should have strong quantitative skills (prior positions or education). Prior trading, structuring, or RISK department experience is welcome.

Preferred Qualifications:

Experience in a similar position in one of the top 10 CIB, with a strong expertise on hedge funds counterparty risk would be highly appreciated.

FINRA Registrations Required:

• Not Applicable

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

• Not Applicable

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable

The expected starting salary range for this position in New York / New Jersey / CBK / Denver is between $200,000 and $225,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

About BNP Paribas:

In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business.

Paribas’ Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services. As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors.

The bank employs nearly 14,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The Bank offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank’s retail-banking networks 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, BNP Paribas 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.

We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

Primary Location

US-NY-New York

Job Type

Standard / Permanent

Job

MISCELLANEOUS

Education Level

Bachelor Degree or equivalent (>= 3 years)

Experience Level

At least 7 years

Schedule

Full-time

Entity

BNP Paribas CIB