Counterparty Risk Team Leader

About The Job

• The mission of RISK Market & Financial Institutions (“RISK MFI”) is to provide the Senior Management of the Group, the RISK Function and Global Markets (“GM”) and BP2S with full transparency and dynamic analysis and monitoring of market, counterparty, valuation, and liquidity risks originated and managed by CIB and of credit risks on Financial Institutions in order to assist them in their risk decision making and monitoring.
• The Counterparty Credit Risk team of RISK MFI analyses the counterparty risk exposure on specific names or a portfolio, monitors its aggregation across products and counterparty types, designs and maintains specific counterparty risk stress test methodologies, participates in the definition of the counterparty risk appetite and acts as point of contact on topics related to collateral. The team works in close collaboration with the Credit Officers on Corporates and Financial Institutions.
• As the RISK MFI CCR Portugal Team Leader, you will lead a newly formed team and locally manage team members directly working on hedge funds.

Your Main Activities Are

• Drive the analysis of the credit counterparty risk (CCR) generated by CIB activities with its clients
  • Support and advise on the portfolio review analysis performed by the team or produce own analysis when required.
  • Animate the book of work of the counterparty risk analysts team members guiding them between deep analysis work and reactivity in face of events and crisis.
  • Escalate concerns about the counterparty risk profile of any counterparty to the related RISK CCR managers.
• Drive framework and methodology improvements in the analysis and controls of the counterparty and collateral risks
  • Collaborate with Credit Officer and Senior Credit Officer in charge of Hedge Funds, other Financial Institutions or Corporates to understand their analysis needs.
  • Keep contact with market and valuation risk teams to stay updated on market developments.
  • Regularly engage with the monitoring, framework, reporting, supervisory or methodology teams working on counterparty risk to ensure proactive alignment of the CCR management responsibilities.
  • Participate in the review of the stress testing methodologies related to counterparty risks.
• Build, animate and coach the team of counterparty risk analysts in Lisbon and Porto
  • Contribute to the hiring and onboarding of risk analysts to maintain a
    - performing team in Lisbon and Porto.
  • Ensure the team delivers a high quality,
    - controlled production service respecting deadlines, evidenced by KPI.
  • Foster a positive team culture that promotes
    - focus, collaboration, accuracy, and innovation.
  • Lead and motivate team members to achieve employee engagement and develop performance, notably by setting and regularly reviewing SMART objectives for each team member.
  • Ensure the team is adequately staffed with a diverse level of experience and skills.
  • Actively contribute to the team’s personal and professional development.
  • Provide training means to ensure proper execution of the monitoring, analysis and reporting tasks.
  • Anticipate team members career evolution by regularly discussing such with them, coaching them to research and plan their next step.
  • Foster a common risk management and operational culture within the team and encourage fruitful interaction with other key stakeholders in CIB, CIB Operations, IT and RISK.

Profile and Skills to Success

• Master’s Degree in Finance / Economics / Mathematics / Statistics or related.
• At least 7 years of experience in Risk and Controls or similar.
• At least 2 years of experience in Data Analytics or similar.
• Advanced level of English, both written and oral.
• Knowledge in
  • MS Office Excel
  • Python
• Attention to detail / rigor.
• Critical thinking.
• Proactivity.

Why joining BNP Paribas?

• Leading banking institution operating in 63 countries with nearly 183, 000 employees.
• Presence in Portugal since 1985 with more than 8, 700 employees across 10 business entities.
• International reach through excellent centres providing
  - added services.
• Three core operating divisions: Retail Banking, Investment & Protection Services, Corporate & Institutional Banking.

Diversity and Inclusion commitment

BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation.

Commitment towards work/life balance

We care about our employees’ wellbeing and promote a culture of good integration between work and rest, enabling employees to disconnect from work and recharge physically and mentally.

Remote Working Conditions

We embrace a Smart Working framework based on trust, autonomy and collaboration, providing flexible remote working modalities and necessary equipment for a comfortable hybrid environment.

Key Information

Seniority level: Not Applicable

Employment type: Full-time

Job function: Finance and Sales

Industries: Banking and Financial Services

Only English applications will be considered. Further documentation may be requested for shortlisted candidates.