Quant Research – PB Risk

Job Description

About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.

About Businessline/Function :

Global Market Quantitative Research (GMQR) Team is responsible for most aspects of quantitative research within the Global Market universe, covering Interest Rates, FX, Credit, and Equity. There are teams in London, New York and Asia supporting trading activities of the flow and structured desks. They are responsible for the development of pricing, risk, margin, and profitability models and their implementation in the global analytics library.

Prime Services leverages the banks experienced global team with in-depth market knowledge to provide execution, clearing and financing solutions across asset classes to both Institutional and Hedge fund clients.

Job Title:

Quant Research – PB Risk

Date:

2023

Department:

Front Office Support / Global Prime Finance

Location:

Mumbai

Business Line / Function:

Front Office Support / Global Prime Finance

Reports to:

(Direct)

Lead

Grade:

(if applicable)

NA

(Functional)

NA

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

The Equity Financing QR team uses C# and Python to build out various analytics for the Equity Financing desk globally. The suite of analytics include various margin models and counterparty stress testing methodologies as well various Funding and Stock Loan optimization models.

Responsibilities

Responsibilities

1.        Help to develop, update and maintain the Margin and Risk analytics specific to the Financing perimeter.

2.        Participate in the global research and development effort on various aspects of Financing business –Stock Loan and Inventory Management.

3.        Design, implement, and support collateral optimization tools for the Financing business using knowledge of various optimization algorithms.

4.        Utilize analytical, statistical, and technical skills to perform and automate counterparty performance analyses for the Stock Loan business.

5.        Build and maintain dashboard to track Balance Sheet and other Resource metrics usage by financing clients for Funding desk.

6.        Work in close coordination with other desks within the business on various asks

Technical & Behavioral Competencies

1.      Graduate degree in mathematics or engineering with strong analytical skills. Knowledge of finance is a bonus.

2. Strong analytical skills and technical background in mathematics, computer science or finance.
3. Prior programming experience in Python or C# or other programming languages. Knowledge of SQL is needed.

4.      Knowledge of statistics as well as optimization algorithms.

5.      Effective communication skills, ability and willingness to engage the business

6. Delivery focused and willingness to collaborate with other teams.
7. Familiarity with Financing business (Stock Loan & Funding) is not necessary but a huge plus

Specific Qualifications (if required)

NA

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Critical thinking

Communication skills – oral & written

Attention to detail / rigor

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to develop and leverage networks

Ability to anticipate business / strategic evolution

Education Level:

Master Degree or equivalent

Experience Level

At least 2 years

Other/Specific Qualifications (if required)

NA