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The Details

DΞΛDLINΞ IN

BΛCK

MΛЯKΞT ЯISK INTΞЯNSHIP (12 MONTHS)

 

 

  • Internship
  • 7169

Job Description

Overall purpose of the role:

Reporting to the Head of Market Risk EMEA, the Intern is responsible for administrating the data on a consistent and secure way allowing for the appropriate control, quality checks, certification and delivery in official repositories. The RF analyst also monitor the Marpl scope of action for ensuring the constant regulatory compliance (TB/BB, eligibility to IMA,…) and governing the relevant referentials along a clear governance.

Main missions are:

Sandbox monitoring

  • Ensuring at any point in time, for Market Risk ecosystem, the appropriate exhaustive, consistent and up-to-date vision of its bounds. This includes in particular monitoring of the IMA/SA perimeters, the list of portfolios falling in the Trading book and the Banking book, the scope of responsibilities of Market Risk with regards to its various duties (monitoring of risks, P&L production/certification, scope of application of existing SLAs – notably BPCE; CC production and analysis, etc…).

Repositories

  • Administration of all repositories for which Market Risk leads the governance
  • Liaising with the Data Office for the global follow up of repositories

Data quality

  • Operating the data quality control of BOP (“Base des Opérations”)
  • Responsible for the methodology and the consistency of the data quality control applied on Market Risk ‘ scope

Econometrics

  • the review of the Risk factors used for the VaR computations;
  • various production (daily/weekly/monthly) processes in the context of the MC VaR, Historical VaR, RIM and related controls, updates and reportings

Independent Price Verification

Market data

  • effective (control rules are customized and performed dynamically),
  • automated (implemented in “MDM” and “You Price”) and
  • documented (data is certified, auditable and procedures available).

Static data

  • Creation: set up instruments (bonds, equities, options, futures, EMTN…),
  • Amendment, parameterization, corporate actions monitoring: keep data up-to-date all along its trading cycle, keep instruments up-to-date, verify cash-flows and schedules in FO tools based on settlements (match the flows received/paid by BackOffice),

Dynamic data

  • Collect and feed market data to FO calculation systems,

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.

Transverse

Contribute to important transverse duties at the Data Piloting Center level including:

  • The leadership of all market data initiatives inside the FRTB Project
  • Global transversal view of the data general monitoring and control set up for Market Risk

Required Skills/Qualifications/Experience

    • A quantitative background in science, maths or engineering
      • Financial market knowledge on derivative products for commodity asset class
      • Excellent knowledge of Excel spreadsheets creation / maintenance, VBA and SQL
      • Good presentation and synthesis skills
      • Detailed oriented and ability to work independently with ability to communicate efficiently (orally and by writing)
      • Strong knowledge of current financial regulations is a plus
      • Knowledge of Sophis Commodity is a plus
ΛPPLY

About Natixis Corporate & Investment Banking

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.

Our teams of experts in around 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.

As part of the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor’s: A, Moody’s: A1, Fitch Ratings: A+, R&I: A+).

About Groupe BPCE

Groupe BPCE, at the service of its customers and the French economy

Groupe BPCE pursues a full range of banking and insurance activities, working through its two major Banque Populaire and Caisse d’Epargne cooperative banking networks and through its different subsidiaries.

Groupe BPCE, the 2nd largest banking group in France, has put down deep roots in its local markets.

Its 117,000 employees serve a total of 36 million customers, 8.6 of whom have decided to become cooperative shareholders.

The Group’s different subsidiaries pursue their activities in banking and insurance, tailoring their services as closely as possible to the needs of the individuals and regions they serve.

With a total of 19 Banque Populaire banks, 17 Caisses d’Epargne, Natixis, Crédit Foncier, Banque Palatine, etc., Groupe BPCE offers its customers a comprehensive range of products and services: savings and investment solutions, cash management services, financing solutions, insurance, and wholesale banking services.

Faithful to its status as a cooperative banking institution, the Group accompanies its customers in the realization of their different projects and develops long-lasting relationships with them, thereby contributing 20% to the drive to finance the French economy.