Senior Market & Counterparty Risk Analyst US

Natixis is part of the Global Financial Services business unit, the global arm of Groupe BPCE, specialized in Asset & Wealth Management and Corporate & Investment Banking and counts nearly 16,000 employees across 38 countries.

The Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne.

Natixis in Portugal mission is to transform traditional banking services by developing innovative solutions for the bank’s business, operations and work culture, being a key driver of the company’s culture of agility and innovation. Teams of IT and Banking Support Activities work in an integrated, inclusive and transversal way, supporting all the business lines and country platforms.

Team presentation and main goal:

Market Risk US is part of Natixis Risk Division.

Market Risk mandates cover Valuation, Risks and Economic performance for the capital market activities of Natixis on all its business lines (mainly Fixed Income, Equity, FX, Credit, Commodities).

Within Market Risk, Risk Monitoring US has the mandate to control, certify, analyze, and report the market risk metrics and performance indicators.

Main tasks and goals:

As a Market Risk Analyst, you will be sharing responsibilities on the following topics:

• Producing and reporting of quantitative Risk indicators such as sensitivities, Specific Stress-Tests, Global Stress-Tests, Reverse Stress-Tests, VaR, sVaR,…
• Consolidating Risk indicators for Risk Mandate production,
• Controlling, analyzing, and certifying all the indicators mentioned above focusing on daily variations as well as intraday moves in respect of the corresponding set of limits,
• Producing of P&Ls such as economic P&L, actual P&L, hypothetical P&L, P&L Explain, Risk Theoretical P&L, Accrued
• Producing and controlling the Client Contribution on scope of action,
• Reporting of the economic P&L to the relevant departments and stakeholders within Natixis,
• Certifying the daily economic P&L and ensure its audit trail, certifying the actual, hypothetical and risk theoretical daily P&Ls, analyzing and explaining the daily/weekly/Monthly P&Ls variations
• Computing the market risk reserves and reporting their variation and level, monthly
• Computing on a quarterly basis the Prudent Value Adjustment on Market Price Uncertainty, Close-Out-Costs, Some Model Risk Components such as Mean Reversion, Unearned Credit Spreads and Investing and Funding Costs,
• Preparing the relevant portion of support document for the Market Risk Committees,
• Production of VaR Back testing components and exception reporting,
• Communicating with BLs and RM in case of limits breaches and loss alerts,
• Maintaining up to date referential mapping (e.g. Homologated books / non-homologated books),
• Consistency checks between day-to-day processes and the controls/referential,
•  Producing Regulatory Risk reports (ACPR, JST,…) on a quarterly basis…

• Master’s degree on Finance, Economics, Engineering, or Mathematics
• +3 years of exposure to one of the asset classes (FI and /or Equity and/or Credit and/or FX)
• +3 years experience dealing with derivatives products
• Advanced knowledge of SQL, Excel, VBA and basic knowledge of Python
• Fluent English (mandatory) and a good level of French (will be a plus)
• Good and structured communication (oral / written)
• Assertiveness, team player 
• Capacity to work under stress
• Proactiveness and initiative taker

We will only consider English Cv's.

At Natixis, we are committed to fostering a working environment where each and every one of our people is treated with dignity and respect and where every voice is heard. Our differences make us collectively stronger and are a source of fulfilment, innovation and performance.

In the framework of its Diversity, Equity & Inclusion policy, Natixis in Portugal has implemented a Blind CV Screening process, with the purpose of reducing hiring bias. A blind CV excludes any personal details which refer to the applicant’s gender, age or ethnicity. When applying for our positions, please submit a blind CV, that is, with no picture, name, gender, age, nationality, ethnicity and address. Your personal statement, work experience, courses and certifications, education, skills and contact information is what matters to us.

#MuchMoreThanJustAJob

Early morning. Campo 24 de Agosto. In 4 minutes, you are clocking in at the office. Start your day having breakfast with the Team and grab fresh fruit on the way to your seat, in one of Porto’s most typical neighborhoods. This Purple Day is going to be a busy one: daily meeting ensuring all team members are on the same page regarding work status, priorities and blockers, language class and, just after, a Talent Management meeting with your manager, discussing your career path. 

Lunch break. Today, your Team is onboarding newcomers, but also welcoming French colleagues: the perfect excuse to walk downtown and bond over a francesinha. When returning, inhale nature and peace of mind in Natixis Urban Garden (look at the crops; ready to harvest!). 

Back inside. Brainstorming session on a new, exciting project in our disruptive and immersive Manaus Village. The afternoon went flying (tasks, meetings, some jokes with your teammates). End it on a high note: celebrating cultural diversity with a Diwali, the Indian festival of lights. 

Tomorrow, you attend a conference led by influential speakers in your industry and, the day after, you will work from home, benefitting from some focus time to complete that report and soft skills course on LinkedIn Learning. Once you are done with your work for the day, strike the right note playing with Natixis band or be part of a board games session. If that is too steady for you, meet your colleagues to catch some waves or sail the Douro river during golden hour. 

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