Director - Front Office Risk Manager, Fixed Income

Trading Risk and Resources Strategy Team Member

Within the Global Markets division of Corporate and Institutional Banking, the Trading Risk and Resources Strategy team (T2RS) has mandate over the steering of market, counterparty and funding risks, as well as the management of financial resources like risk-weighted assets, leverage exposure and GSIB score. T2RS is a transversal team reporting to the Head of Trading.

We work with the trading teams across asset classes to calibrate the risk appetite given Global Markets' revenue objectives. This involves ongoing monitoring of positions and profitability, combined with ad-hoc analysis of risk concentrations, large profit and loss events, and developments in market environment or product offering. T2RS leverages the work of the Risk department.

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:

• Oversight of positions managed in the Americas fixed income markets: Agency mortgages, inflation, rates options, swaps, bonds and financing.
• Detailed understanding of the sensitivity to risk factors, as well as their deformation in the event of large market moves, both actual and simulated.
• Define and run stress tests and scenarios as appropriate in the market environment.
• Perform in depth reviews on various parts of the business to ensure no areas of risk are overlooked.
• Contribute to improvement of the risk framework by identifying gaps and sponsoring the necessary system developments.
• Advising senior Global Markets management on the main market risks in the portfolio and the definition of the risk appetite based on the revenue objectives.
• The ideal candidate will have experience in managing market risk, and be able to engage with heads of desk, senior Global Markets management and the Risk department.
• The position offers a wide breadth of exposure to different markets and participation at the strategic level.

Minimum Required Qualifications:

• 5+ years of experience managing risk in U.S. fixed-income markets.
• In-depth expertise of agency Mortgages
• Familiarity with inflation-linked products and rates options (preferred).

Preferred Qualifications:

• 10 years' experience as a trader in US Fixed income markets, or as a risk manager in the risk department of a major financial institution, covering US Fixed income risks.

FINRA Registrations Required:

• Not Applicable

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable

While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted.

The expected starting salary range for this position is between $240,000 to $300,000 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.

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.

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.