At a Glance
- Tasks: Manage risk data, produce reports, and ensure compliance with market regulations.
- Company: Join a leading financial institution focused on innovation and risk management.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
- Other info: Collaborative team culture with a focus on career development.
- Why this job: Be at the forefront of risk management in a dynamic financial environment.
- Qualifications: Strong analytical skills, knowledge of financial markets, and proficiency in Excel and SQL.
The predicted salary is between 49500 - 60500 £ per year.
Main missions are:
- Producing and reporting of all indicators – including those specified in Risk Mandates (qualitative indicators such as authorized products, currencies and quantitative limits such as Notionals, Sensitivities, Risk Indicators: VaR, sVaR, Stress Tests, SRAB/ Volker indicators) on a daily basis; focusing on daily variations as well as intraday moves.
- Communicating with Front Office and Risk Management in case of limits breaches and loss alerts.
- Day-to-day interaction with trading operators.
- Producing and certifying daily P&Ls (including Economic P&L, Actual P&L, Hypothetical P&L, Risk Theoretical P&L); analysing and explaining the daily/weekly P&Ls variations.
- Producing regulatory VaR & RIM Backtesting components and exception reports.
- Computing the market risk reserves and reporting their variation on a monthly basis.
- Computing the Day one for the new "unobservable" transactions and the amortization of Day One stock.
- Certifying the CCA, XVA and managing their analytical allocation to the business lines.
- Reporting of the economic P&L to the relevant departments and stakeholders within Natixis and BPCE.
- Producing dashboards for Senior Management on a daily, weekly and monthly basis.
- Consolidating all Risk Reports on Natixis UK and consolidated desks levels on a daily, weekly and monthly basis.
- First level analysis, limit consumption control.
- Preparing the relevant portion of support document for the head office Market Risk Committees and the EMEA Market Risk Committees.
- Contributing to the New Product New Activity Committee for any related matters in connection with the Risk Monitoring Teams.
- Independent Price Verification – as back up only under exceptional circumstances.
Main mission is to ensure that market data controls are:
- Effective (control rules are customized and performed dynamically),
- Automated (implemented in “MDM” and “You Price”) and
- Documented (data is certified, auditable and procedures available).
Valuation & Observability:
- Guaranteeing the marking and the complete review of parameters implied from Totem prices consensus or other market prices and defining the guidelines and best practices for the exposures to be covered.
- Determination as to whether pricing parameters are ‘observable’ for combinations of underlyings and payoffs.
Requirements:
- A quantitative background in science, math or engineering.
- Previous experience on Commodities is a plus.
- Financial market knowledge on derivative products.
- Excellent knowledge of Excel spreadsheets creation / maintenance, VBA and SQL.
- Good presentation and synthesis skills.
- Detail oriented and ability to work independently with ability to communicate effectively (orally and by writing).
Reporting to the Head of Market Risk Europe, the Risk Framework Officer is responsible for administrating the data in a consistent and secure way allowing for the appropriate control, quality checks, certification and delivery in official repositories.
Risk Framework Officer in London employer: Groupe BPCE
As an intern in Compliance, you will be part of a dynamic team that values innovation and collaboration, located in the vibrant city of Porto. Our company fosters a supportive work culture that encourages personal and professional growth, offering you the chance to develop your skills in a fast-paced environment while contributing to meaningful projects in financial markets. With access to mentorship and training opportunities, you'll gain invaluable experience that will set you on a path to success in your career.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Framework Officer in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Groupe BPCE. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Risk Framework Officer in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Groupe BPCE.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Groupe BPCE's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Groupe BPCE
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Groupe BPCE.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Groupe BPCE will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Groupe BPCE employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
