London - Long Term Internship - Risk Analyst - 2019

Department Overview:

In many respects, banking is the business of managing Risks.

At BNP Paribas, our well-developed Risk management culture is based on a long-term perspective, a committed management, and a strong and independent Risk organization led by RISK FUNCTION.

Created at the same time as BNP Paribas, RISK FUNCTION is today a global function present in five continents and at the forefront of Risk management through best-in-class expertise.

RISK FUNCTION is a global, integrated, and independent function.

RISK FUNCTION’s main missions:

* Advise the Bank Management on the definition of risk policy;

*  Contribute as a “second pair of eyes” to ensure that risks taken by the Bank are aligned with its policies;

*  Report and Alert Bank Management on the status of risks to which the Bank is exposed.

*  A deconcentrated organization covering all the Business Lines and encompassing the whole chain of risk-taking.

A Risk framework adapted to each Business:

*  Credit risk    

*  Market & Counterpart risk

*  Liquidity Risk

*  Insurance Risk

Encompassing the whole chain of Risk-taking and monitoring:

*  Risk policy

*  Risk analytics and modelling

*  Risk Anticipation

*  Portfolio analysis: risk concentrations and stress-testing

*  Reporting ; Monitoring

*  Risk Independent validation & Control

*  Counterparty & transaction analysis

A risk organization covering all the business lines:

*  Equity and derivatives ; Commodities

*  Counterparty

*  Fixed Income, IRD, CD, FOREX

*  Asset & Liabilities

*  Insurance

Service Transition Overview

The purpose of Service Transition is to ensure that any projects or releases into the production environment are completed with the objective of ensuring these projects or releases can be supported, maintained and operate with maximum stability in a production environment.

A Service Transition analyst will plan the changes required in a manner that ensures the integrity of all identified business assets, service assets and configurations can be maintained as they evolve through the Service Transition lifecycle. Service Transition analyst ensures that issues, risks and deviations are identified and reported to the appropriate stakeholders and decision makers promptly. Finally Service Transition analyst will co-ordinate activities across projects and service teams where required.

This position is based in London but with tight links with Asia, Paris, Brussels & New York and has broad coverage across all trading

sites and all Fixed Income & ALM products (vanilla and exotics).

The role offers a unique exposure to a broad range of risk quantification techniques (Counterparty Risk, XVA, Value at Risk, IRC, CRM, other Capital Charge indicators, sensitivities at deal level, limits, reserves, stress tests…) and their integration in a single market and counterparty risk system and requires constant interaction with the RCA teams in the various locations (London, HK, Paris, Brussels and NY). The RCA team is responsible to provide risk figures across all asset classes to the Risk – Investment Markets Department (Risk-IM) .

A strong interaction with clients (Counterparty and market Risk analysts, Traders and Sales, Risk officers within Front Office, CVA trading desks) as well as Risk Quants, Risk Systems developers and Risk systems Support is also required.

 Key Responsibilities:

The candidate's main responsibilities are:

-               Help define the functional specifications for a web interface that provides intelligent tools for data and analytics exploring, filtering and extracting data.

-               Improve market and counterparty risk production by implementing new data quality metrics in the context of BCBS39.

-               Analyse complex financial data, provide interpretations and relevant data visualizations for the management teams.

-               Contribute in enhancing production tools to improve the accuracy and the timeliness of the various risk calculations and reduce the operational risk.

-               Develop a flexible framework to compute IRC / VaR using different inputs (Returns, PnL vectors …) to assess marginal impact for example.

Skills & Experience Required:

• Education : Master degree in Finance / IT / Mathematics ; Engineering

• Experience: NA.

• Languages : English

• Skills:

Solid IT background preferably with good knowledge of financial products

Good written and verbal communication.

Problem solving approach and good intuition in risk measurement

Pragmatic approach to handle the production process and to deal with exceptions

Location: London

Salary: Competitive

Start Date: April 2019