2021 - Assistant Vice President - Pricing Analyst
About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,600 employees, of which almost 155,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group 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.
In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.
BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
Business Overview:
Prime Brokerage Pricing Team is a distinct group with the ITO organization whose main objective is:
- Provide control over the prices used by Prime Brokerage for the calculation of customer margin
- Provide a service to PB clients by accurately pricing their positions
- Determine the most appropriate price to use from the available market data providers
Responsibilities:
Contribute to control framework by:
- Researching securities that are not priced and proposing alternative prices
- Identifying securities where the price provided by the market data providers is stale. Evaluate the accuracy of the price and propose the use of price from alternative market data providers
- Identifying securities whose price generates a large price movement. Evaluate the correctness of the price, and where needed, propose using a price from an alternative market data provider
- Analyzing edge cases/pricing anomalies by gaining strong understanding of pricing hierarchies
- Pricing OTM option using Bloomberg functionalities
- Summarize and report outstanding issues to RISK,FO and PB management
- Develop spreadsheets and code to enhance the overall control framework
- Gain expertize in Product Master, the main pricing system for PB
- Prioritize the research of securities by identifying the impact on the most critical clients
- Identify and escalate exceptions for the controls performed
- Exhibiting good judgment in escalating issues for resolution
- Ensure daily completeness of controls and meet T+0 deliverables in a timely manner
- Maintain good working relationships with market data providers and escalate occasional anomalies for investigation
Minimum Required Qualifications:
Experience/Skills
- 2+ prior Risk, P&L, Product Control or Referential experience or other experience working in a control function of an investment bank
- Working product knowledge across a wide range of asset classes
- Strong IT skills including Excel, VBA and Python
- Strong knowledge of market practice and pricing fundamentals
- Working knowledge of Bloomberg terminal
- Able to work remotely
Personal Attributes
- 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
- Results/Solutions driven: Manage constraints and competing priorities; ability and mindset to compromise and build consensus to optimize outcomes
Exhibits good judgment in escalating issues for resolution
Preferred Qualifications:
- Masters in Financial engineering or related graduate degree
FINRA Registrations Required:
- Not Applicable
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.