BNP Paribas Securities Corp.
Job Title: Associate, DEC/FXPB Risk Officer
Location: 787 Seventh Avenue, New York, NY 10019
Duties: Within DEC & FXPB, the DEC/FXPB Risk team, play an integral part in the management and monitoring of BNP exposure to its clients. Risk Monitoring - Monitor and manage exposure of BNP counterparty risk. Oversee intraday monitoring of client activity. Point of escalation for remediation and approval of activity in relation to business risk limits. Daily review of client margin calls. Portfolio Analysis - Analyze both prospective and existing clients' portfolios. Conduct analysis for prospective portfolios in terms of required margin, product composition, PFE/VaR exposure, and portfolio stress test exposure. Analyze historical worst-case movements in underlying portfolio products to determine appropriate stress levels for various clearing products. Work with Sales to discuss with clients and understand trading strategy/key client information to assess client opportunities. Conduct and review client profitability analysis as it pertains to regulatory requirements/costs (LE, RoLE, RWA). Margin Call Disputes - Help resolve client margin call disputes. *Telecommuting permitted 40%: work may be performed in any location in the U.S.
SALARY : $179,088.00 USD - $200,000.00 USD / year
Work Schedule: 9am to 5pm, 40 hours a week. (Monday - Friday)
Job Requirements: Bachelor's / US or Foreign Equivalent in Mathematics and three (3) years of experience in a large bank specifically within Risk Management. Must have three (3) years of experience with: Financial Mathematics & Risk Modeling (PFE, EPE, VaR, Stress Test, Scenario Specific); Product Knowledge, In Depth knowledge and understanding of the derivatives markets (ETD, OTC, FXPB) Across Financial (Equity, FX & IR) and Commodity Markets; Experience in market and/or counterparty risk management; and Programing/Technical Background (VBA and Python) Regulatory and Capital Framework and Understanding (RWA, SACCR, and GSIB) Legal and Collateral Frameworks (FX PBA, CSA, and ISDA). Series 3 (National Commodity Futures), Series 7TO (General Securities Representative), SIE (Security Industry Essentials) and Series 63 (Uniform Securities Agent State Law).
