Associate/level1/sa Risk Control

About BNP Paribas Group:
**BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees.** The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

About Businessline/Function:
Risk Control is a global group performing controls across Global Markets involving all product asset classes including risk limit controls, trader mandate management and Independent Price Verification.

Job Title:
Associate/Level1/SA

Date:
15th Oct 2020

Department:
COCE- Product Control

**Location**:
Bangalore

Business Line / Function:
Risk Control

Reports to:
(Direct)

Head of the Team

Grade:
(if applicable)

NA

(Functional)

NA

Number of Direct Reports:
Shift:
EMEA (& rotational)

**Position Purpose**:
Risk Control (is a distinct group within the TPC organization, whose main objectives are:

- Perform controls over end-of-day and intraday risk limits
- Ensure compliance with trader mandates
- Escalate and report breaches to management

**Responsibilities**

**Responsibilities**:

- Contribute to Risk Control framework: End-of-day Risk Limits, Intraday Risk Limits and Trader Mandates. This increasingly complex and demanding function requires ongoing participation in process execution, analyses, and project coordination by all team members.
- Ensure that daily end-of-day/intraday limits and mandate breaches are investigated, understood, promptly escalated according to the global policy and all the comments are well documented in the daily/weekly/monthly summary reports and Dashboard.
- Particularly regarding the risk limits monitoring there is a need for constant dialogue and interaction with Traders, Front Office management, Risk and Operations department and IT to:

- Understand the methodologies used to compute the market risks indicators in the risk systems to calculate end-of-day risk and Intraday risk limits
- Identify, research and resolve limit discrepancies between the FO system and Risk system
- Identify inconsistencies across risk indicators
- Coordinate with other internal groups to resolve issues and post accurate market risk in the official Risk system
- Ensure control exhaustiveness
- For the trader Mandate management function:

- Understand the different mandate characteristics and controls across the various product asset classes
- Identify, investigate and escalate policy breaches
- Summarize and report outstanding issues to global TPC management, coordinate to resolve the issue (ie: update the mandate systems globally, amend the mandate reconciliation logic)
- Ensure timely signoff if Trading Mandates by FO personnel
- Ensure control exhaustiveness
- Changes are documented and exhaustively maintained.
- Implement new controls and processes arising changes in the regulatory environment such as Volcker and the French Banking Law

**Contributing Responsibilities**:

- Contribute to the Permanent Control framework
- Practical understanding of option theory and an interest in financial markets
- Ability to explain various option pricing parameters, particularly Equity Options.
- Project coordination skills. Effectively communicate and coordinate across diverse global groups to meet challenging targets.
- Prior Risk, P&L, Product Control or Audit experience or other experience working in a control function
- Working product knowledge across a wide range of asset class, Equities preferred.
- Strong IT skills including Excel, VBA, and PowerPoint. Intermediate to advanced Excel skills.
- Technically strong in areas of financial mathematics complemented by knowledge of market practice.

**Technical & Behavioral Competencies**:

- 2+ years of relevant financial industry experience
- Strong control oriented mindset
- Thrive under tight deadlines to produce accurate and thorough results. Attention to detail is essential especially when under pressure and time constraints.
- Strong written and verbal communication, listening skills. Ability to effectively communicate to various audiences (senior, junior, trading, IT, non-technical, audit, etc.)
- Results/Solutions driven: Manage constraints and competing priorities; ability and mindset to compromise and build consensus to opt