Vice President – Credit Officer, Hedge Funds

Business Overview:

RISK MFI Credit & Counterparty Risk (CCR) Team’s main responsibility is the risk management oversight and control of credit and counterparty risks within the remit of RISK MFI’s authority for all activities conducted within BNP Paribas.

RISK MFI CCR Team promotes a holistic and integrated end-to-end approach of risk management – whereby the collective efficiency is improved. The CCR Team is structured to ensure a full consistency between counterparty and credit risks approach for each approval across MFI.

CCR Team comprises three sub-teams:

• Credit Team - responsible for managing the credit decision process and evolution of the counterparty and credit risks on the Bank's institutional clients (excluding Hedge Funds). This team comprises of Credit Officers (COs), organized by types of counterparties and transversal Senior Credit Officers (SCOs);
• Hedge Fund Team - responsible for managing the credit decision process and steering the counterparty and credit risks on Hedge Funds (“HFs”) and Risky Funds (“RFs”) clients. The HF Team is the main point of contact for the Business and other RISK teams on both credit and counterparty risks in relation to HFs and RFs.
• Counterparty Risk Team - a transversal team serving the credit decision process and managing the counterparty risks generated by any corporate, financial institution (incl. market infrastructure) or sovereign counterparty, as well as collateral risks generated by Global Markets and Security Services;

Main responsibilities of the Hedge Fund team:

• Anticipation, detection along with analysis and decisions on credit and counterparty risks associated to HFs and RFs. Escalation of risk topics and issues as appropriate.
• Central point of contact for CIB (FIC[1], Global Markets and Securities Services) and within RISK on counterparty and credit risks with HFs and RFs.
• Participation to the permanent risks controls and framework, contribution to projects notably related to the improvements of reporting/monitoring tools, methodologies, regulatory and policies.
• Responsible for credit process: providing risks analysis (as LoD2), expressing opinions, and taking decisions, as well as establishing risk appetite and framework for HFs and RFs.

Candidate Success Factors:

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

• Demonstrates good judgement when making decisions of high complexity and impact
• Is responsible for driving outcomes which have meaningful effect on team or department
• Client, Customer and Stakeholder Focus
• Perceived as a person of high moral character; upholds corporate values and displays high ethical standards
• Able to build relationships with a mix of intermediate and senior colleagues or clients
• Compliance Culture and Conduct
• Relies on limited guidance for most complex decision making
• Creates trust with department leaders
• Leadership and Collaboration
• Interacts regularly with management and department leaders
• Acts in leadership capacity for large projects, processes, or programs for a team
• Impacts division and influences peers and team
• Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts
• Results and Impact
• Demonstrates the ability to persuade and influence stakeholders at the team level

Responsibilities:

Credit process

• Guarantee the quality and timeliness of synthetic credit risk analysis and recommendation (Annual review, ad hoc, credit notes, and comparative analysis) provided by the credit risk analysts on files that fall within his/her level of delegation.
• Participate in or request Due Diligences
• Guarantee the application of Bank’s procedures and policies and the consistency of Bank’s ratings.
• Authorized to approve policy exceptions as defined in procedures such as collateral, legal credit terms
• Exercise credit delegation in accordance with the delegation scheme and credit process rules and co-chair Credit Committees together with the Coverage or Business Lines representatives
• Responsible for Credit Committee Minutes’ contents and sign off as RISK delegation holder
• Provide support, guidance and decision, as RISK SPoC and expert, to other RISK teams, Front Office Institutional Credit Analyst Team (ICAT) and other businesses relating to HFs and RFs topics (e.g. specific portfolio reviews, complex transactions…)

Interact with the Coverage of Financial Institutions and Business Lines

• Work with Coverage of Financial Institutions and Business Lines to mitigate risk related to the counterparties.
• Discuss the requests of Credit limits with the Business Lines together with Credit Analyst.
• Contribute together with Coverage and ICAT to the identification of the credit points that need to be discussed with the client (during Due Diligence for example).
• Assess, with the support of the credit risk analysts, the credit proposal in the light of FIC commercial strategy, coverage memo, and of any material information (transaction or risks) provided by the Relationship Manager.

Contribute to

• Contribute to the frequent/regular monitoring (risk exposures and excesses); as well as forums related to RISK MFI clients’ portfolios, in order to anticipate and detect any counterparty or credit risk issues requiring a specific review and the implementation of an appropriate action plan
• Contribute to the credit and counterparty processes optimization and fluidity, projects (transformation, regulations, IT, etc.) with RISK streams, business lines and FIC
• Provide support for regulatory requests and missions, as well as preparation and participation to supervisory frequent meetings
• Provide RISK MFI comments/recommendations for Transactional and New Activity Committees (TACs/NACs) when related to HFs or Risky Funds (RFs)
• Contribute to the risk strategy definition by providing recommendation on the risk profile of the counterparty and on specific transactions in relationship with the appropriate stakeholders
• Contribute to the Bank’s reactivity vis-à-vis clients’ expectations by prioritizing urgent requests under his/her responsibility with his/her manager
• Contribute to the definition of regulatory measures and the bank’s risk appetite framework and statement
• Contribute to credit and counterparty projects related to methodologies, regulation changes or policies definition in liaison with other RISK streams, business lines and FIC

Minimum Required Qualifications:

• Self-starter and highly motivated.
• Strong and proven analytical skills
• Critical thinking and capacity to challenge
• 5+ years previous experience in banking and/or credit risk experience on covered sectors with priority for asset managers/hedge funds
• Understanding of Corporate Banking and Capital Markets products
• Bachelor’s degree required, with finance or economic backgrounds preferred;
• Solid knowledge and understanding of banking and financial markets
• Strong presentation and communication skills (verbal and written)

Preferred Qualifications:

• MBA or CPA/CFA a plus
• Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint)
• Capacity to engage and motivate teams
• Assertiveness and leadership/management skills

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 is between $145,000 to $194,000 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.

BNP 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 6,000 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 are a company with a purpose — to be a responsible and sustainable global leader — and we aim to create the kind of environment where our employees feel empowered to drive change, make an impact and be true to themselves. Diversity, equity, and inclusion (DEI) are integral to BNP Paribas’ goals as a company. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by the work our employees do to foster a diverse, equitable and inclusive workplace through initiatives like our internal Employee Resource Groups.

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 5 years

Schedule

Full-time

Entity

BNP Paribas CIB