BP2S Credit Risk Manager
BGL BNP PARIBAS - New York, NY

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(

Job Number:
SEC000127

)

About BNP Paribas

BNP Paribas (

www.bnpparibas.com

) is one of the best rated banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.

About BNP Paribas Securities Services:
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering flexibility and commitment, backed by the strength of a leading universal bank. Operating across the investment cycle, we provide post-trade administration solutions to buy-side and sell-side financial institutions and issuers. The Bank has a local presence across 32 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe. With USD 6,975 billion of assets under custody, USD 1,244 billion assets under administration and more than 6,600 funds administered as at 30 June 2011, BNP Paribas Securities Services is a top five global provider of securities services*.

  • Source: BNP Paribas securities Services Globalcustody.net competitors' AuC tables.
Business Overview:
The U.S. Credit Risk Management team is new. The candidate will be the first hire in this newly created position. The team is expected to grow with the business. In particular, a new Agency Lending desk is expected to be launched Q4 2013

o U.S. Credit Risk Manager, positioned within Credit Management team, works with all kind of stakeholders, interacts with different business lines and other functions.

o In order to ensure a single credit risk monitoring policy for all BP2S locations, each local team interacts with the central team based in Paris.

o It is crucial that each team maintains a global consistency within BP2S ensuring a common approach and quality of controls and reports.

On top of credit risk monitoring, the candidate will oversee the entire range of activities based in the US that bear credit, counterparty and market risks.

Those activities currently are:
Local custody

US Correspondent Clearing, a FINRA regulated activity (series 7 needed)

Broker & Asset Manager Financing (BAMF)

Listed Derivative clearing (including Dolce)

Responsibilities:
o Knowledge of BP2S processes or develop a clear understanding of BP2S credit processes and assure their implementation in the US

o Manage and oversee the daily credit control and monitoring process (Before the Fact and After the Fact controls),

o Ensure reporting from the team is accurate and delivered on a timely basis

o Provide a point of escalation for the resolution of credit issues arising in collaboration with Credit Risk Management team located in Paris

o Contribute with the Credit Analysis Team (CAT) in the annual review process of credit lines, providing utilization analysis and recommendations

o Liaise with Central Credit Risk Management team to re-allocate and optimize the use of existing credit and counterparty risk lines

o Interact regularly with operational team and development teams in order to identify new credit controls to implement for new products or specifics clients

o Liaise with the business and GRM in order to anticipate any blocking points

o Support the business and coverage teams with training and understanding of the Group credit process

o When required, contribute/participate to the NAC/TAC process, providing input on monitoring and control of credit/counterparty risks.

o Collaborate with Project Management Team to enhancements or functional changes required in the systems infrastructure supporting the credit process.

o Be the subject matter expert and key point of contact for credit control and monitoring

o Develop and maintain the local procedures around the BP2S credit processes

o Provide input through Internal Control Committee regarding the risk taken by the Location ( KRI )

DESK SUPPORT

Represent Credit Risk Management in interdepartmental meetings

o Participate to Quarterly conference call with all CRM teams (Credit Risk Management)

o Provide information to local ICC (Internal Control Committee).

o Prepare for and attend other specialized committees as required

o Respond to BP2S operational and Product teams inquiries

o Respond to information requests from Management

STRATEGIC

Project management:
  • Identify, define, follow-up with all parties until new procedures/processes, reporting, new tools, linked directly to credit and risk management are applied.
  • Improve existing process and procedure for the credit control process.
o New business initiatives (product development)

o Training: provide training in relation to credit analysis, policy, process and application, promoting credit culture within BP2S in conjunction with GRM.

o 5-7 years of relevant experience working in a similar capacity

o Knowledge of Securities Services is preferable. Alternatively, good knowledge of the US platform and R-IM

o Strong leadership skills and a team player

o Good analytical and problem solving skills and a critical spirit

o Ability to work independently and take initiative

o Good relationship skills, Responsive , assertive with diplomacy.

o Series 7

Primary Location

:

US-NY-New York

Job Type

:

Standard/Permanent

Job

:

RISKS

-

Business Activities

:

Securities Services

Education Level

:

Not indicated

Experience Level

:

At least 5 years

BGL BNP PARIBAS - 13 months ago - save job - block
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About this company
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One of Europe's largest banks, BNP Paribas operates about 7,300 branches in more than 80 countries across Europe, North America,...