Business Overview:
EQD Valuation Team is a distinct group with the ITO organization whose main objective is:
- Provide control over the prices used by BNP for the calculation of customer margin
- Provide a service to EQD clients by accurately pricing their positions
- Determine the most appropriate price to use from the available market data providers
Candidate Success Factors:
Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Able to influence peers and team.
- Demonstrates good judgement when making decisions of high complexity and impact.
- Exercise appropriate autonomy in the execution and delivery of work.
- Responsible for driving outcomes, which have meaningful effect on team or department.
- Leadership and Collaboration:
- Creates trust with colleagues.
- Acts in leadership capacity for projects, processes, or programs.
- Client, Customer and Stakeholder Focus:
- Able to build relationships with a mix of colleagues and clients.
- Interacts regularly with management and department leaders.
- Demonstrates the ability to influence stakeholders at the team level.
- Compliance Culture and Conduct:
- Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
- Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
Responsibilities:
The Valuation specialist role and responsibilities comprise of the following:
- Perform Independent Price Verification (IPV) processes for Global Equity products with focus on EQD Delta one, Stock Flow, Convertible bonds and illiquid methodologies.
- Lead projects, implementing new processes, re-engineering and industrializing current processes. New IPV implementations for EQD.
- Ensuring handover and methodology documentation on the parameter review processes are up to date and signed off by management.
- Propose innovative enhancements to valuation methodologies. Implementation through consultation with and validation from local and global Risk (Risk-GM) and Financial Control groups.
- Effectively manage relationships with Front Office, Trading, Research and Risk-GM.
- Actively explore and identify potential synergies and opportunities for improvements across business Lines (Fixed Income, GECD, and Asset/Liability Mgmt. Treasury).
- Contribute to the maintenance of the matrix (market data cartography) that records the details for all parameters used in the Official PnL, ensuring that all parameters are controlled and accounted for and changes are properly authorized.
- Identify major PnL events and the research the relationship with pricing and IPV.
Candidate will:
- Maintaining clear and thorough records of all controls and be prepared to present and explain to audit
- Ensure processes are easily transferrable to other members of the team and procedures are complete
- Identify areas for personal development including finding courses / studies to advance technical and soft skills required for role
- Proactively build and maintain relationships with Front Office, Risk-GM, Middle Office, Finance, IT and any other areas across the organization that will assist in furthering processes and projects based on trust, respect and professionalism.
- Contribute to initiatives within the Equity Valuation function, both within the region and in other locations.
- Ensure complete familiarity with and adherence to Global Policies and Procedures and raise issues to management when practices are inconsistent or unable to be followed.
- Actively suggest improvements to processes based on a continual critical assessment and awareness of gaps in current controls
Minimum Required Qualifications:
- Undergraduate degree in Engineering, Finance, Economics or Mathematics with high academics.
- 5+ years of relevant industry experience dealing with valuation and IPV.
- In-depth knowledge of Equity instruments and their valuation and trading strategies.
- Knowledge and understanding of options basics (Pricing/Models, Greeks, P&L effects, etc.)
- Excellent IT skills (mainly VBA, Excel, Python). Quick to assimilate new technology/systems and adapt into processes.
- Strong written and oral communication, listening skills, including ability to concisely summarize findings and progress to management, especially in short timing under pressure.
- Ability to think critically, identify gaps in current controls and suggest improvements to existing processes.
- Ability to think in a control mindset, ensure all work is recorded, documented and readily available for audit.
- Ability to work in a global organization and build effective relationship with other counterparts/regions.
- Must be organized, accurate and attentive to detail.
- Must work well both within a team and independently.
Preferred Qualifications:
- Masters in Financial engineering or related graduate degree
- CFA, FRM or equivalent certification
FINRA Registrations Required:
- Not Applicable
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
- Not Applicable
SEC Security-Based Swap Dealer Associated Person:
- Not Applicable
The expected starting salary range for this position in New Jersey is between $120k to $147k annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.
About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
The bank employs nearly 6,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.
As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose – to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.
BNP Paribas. The Bank for a Changing World – https://usa.bnpparibas/en/homepage/join-us/our-opportunities/
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.