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DEC Risk Officer

BNP Paribas
Singapore, Singapore
Closing date
Jun 1, 2023

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas 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.

Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It 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. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
* excluding partnerships

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

Position Purpose
We are looking for a new Risk Officer to reinforce the Business Risk team who looks after the Derivatives, Execution & Clearing ("DEC") business in APAC.
The mandate is to actively conduct portfolio review for potential and existing clients, run market-driven stress testing and perform scenarios analysis.
The perimeter covers :
  • Clients based in APAC : Financial Institutions and Corporates
  • Listed derivatives products on commodities, equity, rates, and FX
  • OTC cleared products (rates, FX)
The position is based in Singapore.

Key responsibilities include:

  • Detailed analysis (portfolio review, stress test) of requests to on-board a new client or increase appetite, challenge adequacy (business rationale, economics) and present recommendation to Business Risk approval forums ("NAVCos");
  • Consolidate supporting documents to NAVCos and Credit Committees, prepare agenda of pre-NAVCos, circulate to NAVCo Secretariat and follow-up on conditions to approval;
  • Follow-up commercial pipeline with DEC Sales team on weekly basis and highlight risk areas requiring mitigation or in breach of our appetite;
  • Work with Execution team to keep adequate limits at the execution level ( before clearing );
  • Participate in meetings with clients/ prospects to understand business profile, risk taking policy and clearing requirements; as well as with clearing houses to understand risk management and product development.
  • Provide inputs and review legal document negotiation from a risk management perspective for new and existing clients during negotiations.
  • Daily monitoring of clients portfolio exposure vs. limits (hard and soft), and margin payment status, as well as follow-up of remediation with DEC Sales team;
  • Timely processing of operations requiring manual approval from DEC Risk such as blocked trades (due to system failure or technical issue) and clients' account limits adjustment
  • Timely escalation of stressed and special situations to management of DEC APAC, TR2S APAC and SOO APAC, for further processing (credit watchlist and/or crisis management)
  • Work with Sales and RISK teams to carry out in-depth analysis and provide data on client exposures during market volatility period
  • Review & circulate on a weekly basis changes in CCP margin requirements for clients during market volatility period.
  • Production of relevant daily monitoring report for APAC scope and perform scheduled data reconciliation between FO and RISK systems;
  • Contribute to timely and proper risk representation in FO and RISK chains, especially on Asian contracts;
  • Work with Operational Risk team to implement a more robust monitoring procedure for Instant Control;
  • Contribute to reviews of portfolio, business procedures, auditing exercises, firedrills and other testing of our risk assessment and management;
  • Keep up to date with Bank's risk policies and ensure alignment of business decisions.

Technical & Behavioral Competencies

Technical knowledge:
  • Financial markets (how exchanges and clearing houses function) and listed derivatives products (options and futures on commodities, equity, rates, and FX)
  • Financial analysis and counterparty credit risk (know how to read financial statements and annual reports, search complementary info on public data base incl. Bloomberg)
  • Market risk monitoring (main greeks, liquidity, stress testing) and management (limit calibration, margining, concentration threshold)
IT skills:
Office pack - Excel, Word, Powerpoint
Risk management tools (margin computation, VaR simulation, stress testing)
Financial information - Bloomberg

Linguistic skills:
English - excellent for presentation in both verbal and written communication (required)

Specific Qualifications (if required)
  • Previous experience in market risk (risk management, trading) and genuine interest in global markets
  • High sense of responsibility, punctual and reachable for regular or urgent requests
  • Eager to learn on the field, solution driven and persistent
  • Strong analytical skills and capacity to form a structured opinion
  • Experience in counterparty credit risk / CFA or CPA certified is a plus

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