Securitization Portfolio Management Oversight- VP

Job Title: Securitization Portfolio Management Oversight

Department: RISK

About Business Line/Function

RISK Securitisation, within RISK Corporates is a transversal team, comprising of two sub teams: RISK Corporate Securitisation (RCS), and RISK SRT Securitisation (RSS):

• RCS has the mandate to holistically assess and analyse (as 2LOD) securitisation financing and hedging proposals for third party clients, onboarded primarily but not exclusively, by the CIB Capital Markets business line; exercise credit committee delegation or other relevant committee decision mandates, as well as carry out defined ongoing risk management roles.
• RSS has the mandate to assess and analyse (as 2LOD) Significant Risk Transfer securitisations originated by Global Securitised Products for CIB Perimeter, exercise its mandates at TAC NACs and other forums, assist other RISK teams in any Métier across the BNP Paribas Group, where new SRT securitisations are originated, to deploy the RISK process framework around SRTs, as well as carry out defined ongoing risk management roles.

A third and transversal team called Securitisation – Portfolio Management Oversight (S-PMO) team has been conceived (target area for this hire), in order to operate as a global and transversal team covering both the area of activities covered by RCS and RSS.

Position Purpose

PMO is a newly set up sub team within RISK Securitisation with the following mission:

The Securitisation PMO Team Provides Independent Portfolio Stewardship Across The Global Securitisation Platform. Partnering Constructively With 1LOD PM Team, While Maintaining Independent 2LOD Challenge, The S-PMO Team Delivers Forward Looking Protfolio Intelligence, Monitors Portfolio Evolution And Risk Themes, Performs Independent Stress Testing And Scenario Analysis, And Provides Strategic Risk Insight On Portfolio Resilience, Optimisation, Hedging And De-risking Opportunities. The Team Complements Transaction Level Credit Oversight (undertaken Separately By Senior Credit Officers And Analysts) By Applying Portfolio Level Judgement To Understand How The Portfolio Is Evolving, And How Portfolio Strategy Should Adapt To Changing Market Conditions. In Addition, The S-PMO Team

• Monitors global consistency in implementation of governance frameworks.
• Contributes RISK inputs for Securitisation related General Management Committees, ad hoc information requestions (internal or external).
• Updates and maintains the RISK Framework applied to Securitisation.
• Produce data, analytics and insights that enable PMO to function as a central hub facilitating transversal sharing of knowledge, information and sectoral analytical support to RCS and RSS across all regions.

Scope

Ø The activities cover both own account Securitisations (Significant Risk Transfer, or SRT trades) and third party Client Financing/hedging solutions offer, globally (currently active in Americas, EMEA and APAC).

Ø S-PMO Team Will Interface With The Following

• RCS and RSS teams, team heads and RISK Securitisation Global head, and report directly to Global Head of Securitisation - PMO based in London + local management in Mumbai.
• 1LOD Desk Heads, 1LOD Credit & Asset Management and Non Financial Risk mgmt.. team
• Operational Permanent Control and RISK Operational Risk Management
• RISK MFI - Market Risk
• Regulatory Affairs
• RISK Corporate – Permanent Control & Business Management

Responsibilities

Direct Responsibilities

• Portfolio Intelligence & Stewardship
• Develop a holistic understanding of portfolio evolution across different Securitisation asset verticals, regions and product types within the current portfolio.
• Produce forward-looking portfolio intelligence, identifying emerging portfolio trends, vulnerabilities and opportunities.
• Assess portfolio resilience under changing macroeconomic, regulatory and market environments.
• Provide independent challenge to portfolio strategy and portfolio construction decisions.
• Identify emerging structural risks affecting securitisation markets.
• Monitor industry trends, regulatory developments and investor behaviour.
• Assess implications of innovation including AI, private credit, digital assets and market structure changes.
• Produce strategic portfolio intelligence, insights and recommendations that support strategic decision making by senior management.
• Portfolio Strategy & Optimisation
• Work collaboratively with 1LOD PM team (Credit & Asset Mgmt. Team) to evaluate strategic portfolio actions.
• Independently assess proposed portfolio optimization, hedging and de-risking initiatives.
• Analyse portfolio construction and diversification across products, asset verticals, geographies, industrial sectors and counterparties.
• Identify/complement 1LOD to detect opportunities to improve portfolio resilience, capital efficiency and risk adjusted returns.
• Evaluate portfolio implications of new products, market developments and strategic initiatives.
• Portfolio Surveillance and Risk Analytics:
• Portfolio Risk Measurement Architecture – Development & Ownership in collaboration with 1LOD PM team
• Conduct structured portfolio deep-dives by asset class (ABS, RMBS, CLO, SPF etc.).
• Surveillance and reporting of portfolio migration trends (ratings, delinquencies, collateral performance, covenant metrics, leverage trends, RWA utilization, structural and counterparty trends…).
• Assess early warning signals (EWS) and trigger governance escalation where required – transaction level as well as asset vertical, industrial sector, securitization product, country, and regional level.
• Undertake Quarterly Portfolio Review of third-party financing book (deck preparation, analytical inputs in liaison with 1LOD and 2LOD, SCOs, presentation to QPR Committee, minutes preparation).
• Quarterly production of Securitisation Credit Dashboard and presentation to Global Head of RISK Corporate.
• Quarterly production and presentation of SRT Portfolio Management Committee deck
• Stress Testing & Scenario Analysis
• Design portfolio-wide stress testing frameworks in collaboration with 1LOD CAM team (covering range of risk factors, including risk of credit loss as well as intrinsic market value loss, exit/refinancing risk, funding and liquidity risk).
• Develop forward looking scenarios covering macro, market, regulatory, ESG, and geopolitical developments.
• Assess second order effects, wrong-way risk, and interconnected portfolio vulnerabilities.
• Evaluate resilience under severe but plausible scenarios.
• Inform strategic portfolio actions based on stress testing outcomes.
• Non-Financial Risk & Structural Risk Oversight
• Monitor portfolio NFR profile and trends
• Monitor NFR framework implementation KPIs.
• Contribute NFR related stats to QPR and other relevant management forums
• ESG & Regulatory Developments Oversight
• Monitor exposure to ESG-sensitive collateral.
• Ensure portfolio data capture supports regulatory and internal policy requirements.
• Contribute ESG related stats to QPR and other relevant management forums
• Governance, Escalation & Committees
• Translate high-level risk appetite into granular portfolio risk measurement metrics, and monitor utilizations/exposures versus limits.
• Monitor utilization versus limits, RWA, COR.
• Anticipate limit and resource consumption trends (versus activity pipelines, strategic initiatives) and trigger 1LOD discussions and remediation plans.
• Contribution to Risk & Development Policy Committees, Financial Markets Risk Committees, High Yield Transversal Exposure Analysis Forum. Contribution includes:
• Data and analysis
• Insights and opinions (individual exposure through to portfolio themes) to Senior Credit Officers to eventually form part of RISK Opinions to such forums.
• KPI & KRI trends (portfolio, activity, framework implementation)
• Under the oversight of Securitisation RISK Officer, timely update and maintenance of all applicable policies and procedures within the responsibility of RISK Securitisation: Securitisation Credit policy, Thematic Credit Policy, Credit Process Procedures, WL& DD Procedures, Stress testing methodologies – complementary to 1LOD, RCSAs, Operating Guidelines.

General Responsibilities Include Active Contributions

• Propose development/procurement specifications ad work collaboratively with development specialists, to design, develop, test and implement appropriate monitoring tools and dashboards to undertake the mission.
• Propose and drive operational process improvements including streamlining, challenging status quo, by own initiative, developing them further with guidance from management.
• Contribute towards the RISK Corporate permanent control framework and to Corporate Clients continuum initiatives
• To data quality and to the monitoring of operational risk:
• communicating to RISK ORM CIB any operational risk incidents (potential fraud, breach of security package, documentation errors…)

Contributing Responsibilities

This role may be carried out within a range of experience depending on the development of knowledge and skills in the role.

Technical & Behavioral Competencies

• Portfolio construction and portfolio management concepts.
• Strategic thinking and systems-level analysis.
• Scenario analysis and macroeconomic interpretation
• Portfolio analysis, hedging and risk transfer experience
• Strong analytical storytelling and executive communication
• Ability to synthetise complex portfolio information into strategic recommendations
• Deep understanding of Securitisation structures and relevant risks across range of products and asset classes.
• Quantitative skills: Cash flow modelling and stress testing expertise.
• Familiarity/knowledge of SRT trades and structures.
• Knowledge of Regulatory Capital Methodology for Securitisation (SEC-IRBA, SEC-SA, SEC-ERBA.)
• Understanding of operational risks, fraud typologies.
• Familiarity with investment management, asset allocation or portfolio optimization concepts would be advantageous.

Experience Profile

• 12-14 years for VP
• Global investment bank or major asset manager.
• Senior committee presentation experience.
• Exceptionally strong quantitative backgrounds (credit quant team background)
• Surveillance background
• CFA or equivalent qualified.

Specific Qualifications

Regulatory Status

Mark as appropriate

(Yes/No)

Type of Role (please mark as appropriate)

• If SMF role – complete SMF table below
• If SMCR role - complete the SMCR table below and refer to the SMCR Office

SMF

No

SMCR Certified

No

Conduct Rules – all other Staff

Yes

Is a manager of Certified Persons?

No

MIFID Category

• Cat 1 - Employees who provide or may provide Investment Advice to clients
• Cat 2 - Employees who provide or may provide Information about Investment Products, Investment Services or Ancillary Services to clients
• Cat 3 – Employees being neither in Cat 1 or 2

Cat 1

No

Cat 2

No

Cat 3

Yes

Technical Skills

Skills Referential (Required knowledge, skills and abilities)

• Portfolio construction and portfolio management concepts.
• Strategic thinking and systems-level analysis.
• Scenario analysis and macroeconomic interpretation
• Portfolio analysis, hedging and risk transfer experience
• Strong analytical storytelling and executive communication
• Ability to synthetise complex portfolio information into strategic recommendations
• Deep understanding of Securitisation structures and relevant risks across range of products and asset classes.
• Quantitative skills: Cash flow modelling and stress testing expertise.
• Familiarity/knowledge of SRT trades and structures.
• Knowledge of Regulatory Capital Methodology for Securitisation (SEC-IRBA, SEC-SA, SEC-ERBA.)
• Understanding of operational risks, fraud typologies.
• Familiarity with investment management, asset allocation or portfolio optimization concepts would be advantageous.

Behavioral Skills

• Clear senior-level communication.
• Structured analytical mindset.
• Ability to work effectively in a team environment
• Working under high pressure and to tight deadlines; prioritisation skills.
• Strong negotiation skills.
• Good interpersonal and relationship building skills at multi stakeholder level
• Critical thinking and sound judgement.
• High degree of ethical standards
• Self-starter with an innovative spirit and technological-solutions based mind-set.
• Ownership and accountability of the activities under the specified asset class scope.

Education Level

Location:

About BNP Paribas Group

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

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. 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.