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Vice President – Global Equities – Prime Brokerage Risk Manager at BNP Paribas, New York.
Senior role overseeing margin and exposure management in Prime Services, requiring risk analytics, programming, and leadership skills.
Business Overview
Through our Global Equities and Prime Services franchise, BNP Paribas is committed to serving clients with a full suite of investor services, from trading to financing, clearing and custody. Prime Brokerage (PB) Risk within Prime Services is responsible for managing exposures from financing activities, direct negotiations with clients on margin terms, design of new margin and stress methodologies, exposure reporting to senior management, and engaging with RISK (2nd line of defense) Department on client-specific deal approvals.
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
Client communications (client specific financing solutions, explaining margin methodology) Daily client portfolio exposure management Validating daily margin calls and reviewing client requests for collateral movements Development and back-testing of margin methodologies Liaising with and directing IT on implementation of margin methodologies Designing and implementing client-friendly and internal margin reports Designing risk monitoring framework Working with IT to enhance front office risk system applications Reporting of significant risk exposures to senior management
Minimum Required Qualifications
6 years minimum exposure to financial markets and risk analytics Bachelors Degree in Math, Finance, or STEM.
Preferred Qualifications
Market Risk or related background. Strong communication skills Strong analytical/quantitative skills Understanding of various risk concepts (VaR, liquidity, concentration, risk exposures of different asset classes including derivatives) Experience with risk systems Ability to work under pressure Team Player Working experience with programming languages
FINRA Registrations Required
7 & 63 CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): Not Applicable SEC Security-Based Swap Dealer Associated Person: Not Applicable
Salary
The expected starting salary range for this position is between $210,000 to $250,000 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.
Benefits
In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well‑being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.
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. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. 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.
Legal and Fraud Alerts
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.
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