Risk Gm Models and Methodologies Analyst

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
- Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.- excluding partnerships

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

**Position Purpose**:
The mission of RISK Global Markets (“RISK GM”) is to provide Senior Management of the Group, of the RISK Function and of Global Markets with full transparency and dynamic analysis of the Market, counterparty, valuation and liquidity risks managed by CIB Global Markets.
This position is a hybrid role with equal share of responsibility between:
1. Valuation Adjustments Team; which is responsible for all processes related to Valuation Adjustments (FVR, PVA and IPV) among all asset classes and across all locations. This includes:

- Valuation adjustment Methodologies
- Data analysis related to valuation adjustments
- Valuation adjustments Monitoring and Production
- Any Projects related to valuation adjustment
2. Valuation Model Risk Team; which is responsible for independent review and control of all valuation models used for the generation of official daily P&L and risks across all asset classes and locations within Global Markets. This includes:

- Review and approval of all new valuation models, on both trading and potentially on certain banking books, taking into account their use and market conditions.
- Regular reassessment and re-review of existing valuation models.
- Maintenance of documentation supporting the above (re-)reviews, reassessments and approvals.
- Definition and regular review of model-related valuation adjustments (Fair Value and Prudent Value).
- Ensure consistency of approach and standards in all the above (across GBLs, regions ) and, where differences in approach are justified, ensure the justification is documented.
The position available within the RISK GM APAC team will be seated in Singapore.
While the scope of the role will be global (across regions and asset classes) working in close partnership with the rest of the Valuation Adjustments team and Valuation Model Risk team worldwide (functionally), the APAC team will remain primary owner for topics that are Asia specific, and continuously work on building an expertise on Asian markets, risks and products.

**Responsibilities**:
**Methodologies - Valuation Adjustments**

**Scope**
All RISK Global Markets’ responsibilities related to Fair Value Reserves (FVR), Methodology Corrections (MC) and Prudent Value Adjustments (PVA) across all assigned Global Markets trading activities within the APAC region, excluding model FVR and MC (which are covered by the Model Risk team).
- Monitoring and coordination of the Independent Price Verification (IPV) process. For APAC it also includes- IPV methodologies initiated in the region, typically on products primarily traded in these regions, and any local difference or specificity.
- IPV controls (MAP Reviews) that have not yet been transferred to V&RC or that are deemed too complex or too specific to be transferred.

**Responsibilities**

**Methodologies**
Own the FVR, MC, PVA and IPV methodologies on the scope defined above, more specifically:
- Design and document methodologies in line with internal and regulatory requirements.
- Provide methodology specifications and validate their implementations.
- Represent FVR and PVA methodology topics in the relevant committees.
- Review the F