Valuation Analyst Trainee

**About the job**

Within the Finance function at BNP Paribas, the Standards & Controls department has among other missions to represent Finance within the Group’s valuation framework and to reinforce the functional animation of the decentralised LOD2s (2nd line of Defense), through direct and intrusive supervision

Within Standards & Controls department, Trading Book P&L Oversight team functional responsibility is the LOD2 on Economical P&L and P&L Explain in the Trading Book while Valuation Risk & Governance Team is dedicated to the supervision of the entire Fair and Prudent Valuation chain

**Your Main Activities Are**

Conduct the 2nd level of control on Global Markets P&L and P&L Explain production by carrying ad-hoc investigations or complementary controls with the objective to suggest and drive improvements of LOD1 process, controls and data

Develop the capacity to perform an independent P&L analysis of the Global Markets trading revenues with Finance for Management and Regulators

Coordinating the actions of departments involved in valuation (Front Office, Risk-GM, V&RC, MO and other Finance teams), inclusive of the setting of responsibility schemes

Responsibility to manage the Governance on Valuation through Monthly and Quarterly committees that aim to validate the level of Fair Value Reserves, IPV, Day One Profit deferral, XVAs, Prudent Valuation

Responsible of the methodologies for Day One Profit deferral and Observability (IFRS 13 Levelling)

Guaranteeing the comprehensiveness and quality of controls concerning valuation

Participating in the methodology discussions linked to Fair Value and Prudent value

Resolution facilitation or escalation of valuation disagreements and control deficiencies

Reporting findings to Business heads, and to a senior valuation governance forum involving CIB management, Risk and Group Finance

**Profile and Skills to Success**

Master’s Degree in Finance or Financial Markets or Engineering in Applied Mathematics

Knowledge of Fixed Income or Equity Derivatives products and related market data

Knowledge of Risk concepts

Knowledge of basic concepts and models in Mathematical Finance

Proficient knowledge of MS Office Pack Microsoft Excel

Knowledge in Python

Fluent in English, verbal and written

Good communication skills

Team player

Positive attitude to comply with deadlines and objectives

Effective organisation and time management, including ability to prioritise workload

Quality focused, detail oriented and problem-solving skills

LI-Hybrid

**Why joining BNP Paribas?**
- ** Leading banking institution**

BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.
- ** Our presence in Portugal**

In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.
- ** International reach**

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions:
**Retail Banking**, a division that brings together all the Group’s retail activities and specialised business lines;

**Investment & Protection Services**that include specialised businesses offering a wide range of savings, investment and protection services;

**Corporate & Institutional Banking**division that offers tailored financial solutions for corporate and institutional clients.
- ** Diversity and Inclusion commitment**
- ** Commitment towards work/life balance**

At BNP Paribas we care about our employees’ wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.
- ** Remote Working Conditions**

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.

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- In case you are selected for this role, further documentation will be requested to support your hiring process.