Assitant Manager - Valuations Control

The bank for a changing world The BNP Paribas Group Find here the essentials on BNP Paribas: governance, strategy, organisation and key figures. Our commitments We are committed to make a sustainable and inclusive contribution to the environmental, societal, technological and economic challenges of our time. News & Mediaroom Our financial results, business activites, solutions and recent sustainable finance initiatives: news, analysis and viewpoints. News Our financial results, business activites, solutions and recent sustainable finance initiatives: news, analysis and viewpoints. Mediaroom Our financial results, business activites, solutions and recent sustainable finance initiatives: news, analysis and viewpoints. Careers Our ambition ? To build a sustainable future. But we can’t do that without you! Want to be part of the change? Choose your profile You are Assitant Manager - Valuations Control Job Title: Analyst/Associate/AM Department : Valuation Control About Business line/Function: Global Market Operations also known as COE (Center of Excellence) is further divided into multiple departments i.e. Listed Derivatives Transaction Processing, Securities Transaction Processing, Prime and US Markets Transaction Processing, FXMM & OTCD Transaction Processing, Transversal Lifecycle Support, Collateral & TFLM and Valuations & Transversal Services. Within Valuations & Transversal Services, Valuation Controls (VC) is a global function whose main missions are articulated around second level control hubs in Europe, Asia and the Americas. Valuation Controls, in conjunction with RISK MFI, is in charge of independently verifying, analyzing and reporting on the market parameters used in the valuation, as well as analyzing the impact of the use of independent market parameters in the valuation. Position Purpose: · To support and control the accurate and independent marking of all parameters as required by regulators along with the derivation, analyze and reporting of results. · To work on improving IPV (independent price verification) set up with the aim of increasing the accuracy of the figures and the efficiency of the processes. Responsibilities Direct Responsibilities · Ensure the daily IPV (aka independent price verification) of prices for the respective businesses. · Ensure the monthly independent price verification of prices for the respective scope. · Analyze the drivers of the IPV and communicate clearly the IPV impact and any IPV issues to the appropriate teams. · Ensure accurate submission to external consensus provider (if necessary). · Perform second level of control in application of RISK guidelines in the valuation calibrations. · Be the face of the VC team on questions related to IPV processes and be able to decompose, descript and explain the process front to back. · Maintain accurate and clear SOPs (Standard operating procedure) on the allocated IPVs. · Show initiative to review, challenge, identify and recommend improvements on processes that will benefit control and efficiency. Once approved ensure accurate implementation and update SOPs. · Work on the automation of manual processes launched via Excel/VBA/Python spreadsheets and/or Access databases. Contributing Responsibilities · Gradually be a participant in discussions with Risk, FO, Finance, Auditors and management for issues/improvements/challenges related to IPV. · Gradually build and maintain relationships with other Product Control teams, Front Office, Middle Office, Finance and Risk-GM based on trust, respect and professionalism. · Contribute to the Cross Risk dashboard by feeding IPV indicator. · Improve and make our internal systems evolve with the help of IT teams. Technical & Behavioral Competencies · Prior experience in Valuation or product control or RISK · Mathematical or financial academics · Ability/Confidence to interact at all levels and in a concise manner. · Strong written and verbal communication skills. · Willingness to find workaround solutions on issues independently before seeking external assistance. · The ability to find workaround solutions in the time available. · Attention to detail. · Strong product knowledge across a wide range of asset classes including an area of expertise. · Strong Python skill combined with VBA. The ability to understand and debug spreadsheets efficiently. · The ability to see the large picture and the impact and changes with have on V&RC and the business. · Ability to prioritize and systematically organize tasks, demonstrating sensitivity to urgent matters, completing tasks in a timely manner. Capability to develop understanding of complex situations. · Capability to research solutions and gather data from many sources to ensure understanding of all relevant aspects. · Ability to think pragmatically and step back to take perspective. · Ability to acquire new knowledge/skills from project/assignment that is utilized in future work. · Appetite to learn new concepts and seek professional development. · To be able to work individually and as part of a team across Valuation Controls both locally and globally. · Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure. Specific Qualifications: B.Tech, + MBA / CA / CFA / FRM Skills Referential ( Required knowledge, skills and abilities) Technical Skills: · Good knowledge on Price verification process. · Strong product knowledge across a wide range of asset classes including an area of expertise · Strong Python skill combined with VBA. The ability to understand and debug spreadsheets efficiently. · Knowledge of Totem, Bloomberg, Markit, Broker platforms. · Basic knowledge of different economic factors impacting price calculation. · Knowledge of different market instruments and their method of pricing. · Strong written and verbal communication skills. Behavioral Skills: · Ability to collaborate / Teamwork · Critical thinking · Creativity & Innovation / Problem solving · Resilience Education Level: B.Tech, + MBA / CA / CFA / FRM Location: Mumbai / Bangalore BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, 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, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability. About BNP Paribas India Solutions: Commitment to Diversity and Inclusion Share this page! Cotation Publications Direct Access Follow us on The bank for a changing world Job Title: Analyst/Associate/AM Department : Valuation Control About Business line/Function: Global Market Operations also known as COE (Center of Excellence) is further divided into multiple departments i.e. Listed Derivatives Transaction Processing, Securities Transaction Processing, Prime and US Markets Transaction Processing, FXMM & OTCD Transaction Processing, Transversal Lifecycle Support, Collateral & TFLM and Valuations & Transversal Services. Within Valuations & Transversal Services, Valuation Controls (VC) is a global function whose main missions are articulated around second level control hubs in Europe, Asia and the Americas. Valuation Controls, in conjunction with RISK MFI, is in charge of independently verifying, analyzing and reporting on the market parameters used in the valuation, as well as analyzing the impact of the use of independent market parameters in the valuation. Position Purpose: · To support and control the accurate and independent marking of all parameters as required by regulators along with the derivation, analyze and reporting of results. · To work on improving IPV (independent price verification) set up with the aim of increasing the accuracy of the figures and the efficiency of the processes. Responsibilities Direct Responsibilities · Ensure the daily IPV (aka independent price verification) of prices for the respective businesses. · Ensure the monthly independent price verification of prices for the respective scope. · Analyze the drivers of the IPV and communicate clearly the IPV impact and any IPV issues to the appropriate teams. · Ensure accurate submission to external consensus provider (if necessary). · Perform second level of control in application of RISK guidelines in the valuation calibrations. · Be the face of the VC team on questions related to IPV processes and be able to decompose, descript and explain the process front to back. · Maintain accurate and clear SOPs (Standard operating procedure) on the allocated IPVs. · Show initiative to review, challenge, identify and recommend improvements on processes that will benefit control and efficiency. Once approved ensure accurate implementation and update SOPs. · Work on the automation of manual processes launched via Excel/VBA/Python spreadsheets and/or Access databases. Contributing Responsibilities · Gradually be a participant in discussions with Risk, FO, Finance, Auditors and management for issues/improvements/challenges related to IPV. · Gradually build and maintain relationships with other Product Control teams, Front Office, Middle Office, Finance and Risk-GM based on trust, respect and professionalism. · Contribute to the Cross Risk dashboard by feeding IPV indicator. · Improve and make our internal systems evolve with the help of IT teams. Technical & Behavioral Competencies · Prior experience in Valuation or product control or RISK · Mathematical or financial academics · Ability/Confidence to interact at all levels and in a concise manner. · Strong written and verbal communication skills. · Willingness to find workaround solutions on issues independently before seeking external assistance. · The ability to find workaround solutions in the time available. · Attention to detail. · Strong product knowledge across a wide range of asset classes including an area of expertise. · Strong Python skill combined with VBA. The ability to understand and debug spreadsheets efficiently. · The ability to see the large picture and the impact and changes with have on V&RC and the business. · Ability to prioritize and systematically organize tasks, demonstrating sensitivity to urgent matters, completing tasks in a timely manner. Capability to develop understanding of complex situations. · Capability to research solutions and gather data from many sources to ensure understanding of all relevant aspects. · Ability to think pragmatically and step back to take perspective. · Ability to acquire new knowledge/skills from project/assignment that is utilized in future work. · Appetite to learn new concepts and seek professional development. · To be able to work individually and as part of a team across Valuation Controls both locally and globally. · Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure. Specific Qualifications: B.Tech, + MBA / CA / CFA / FRM Skills Referential ( Required knowledge, skills and abilities) Technical Skills: · Good knowledge on Price verification process. · Strong product knowledge across a wide range of asset classes including an area of expertise · Strong Python skill combined with VBA. The ability to understand and debug spreadsheets efficiently. · Knowledge of Totem, Bloomberg, Markit, Broker platforms. · Basic knowledge of different economic factors impacting price calculation. · Knowledge of different market instruments and their method of pricing. · Strong written and verbal communication skills. Behavioral Skills: · Ability to collaborate / Teamwork · Critical thinking · Creativity & Innovation / Problem solving · Resilience Education Level: B.Tech, + MBA / CA / CFA / FRM Location: Mumbai / Bangalore BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, 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, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability. About BNP Paribas India Solutions: Commitment to Diversity and Inclusion