Risk Analyst

Risk Analyst

Location: Paris, France

Context
The service will take place in the Middle Office team of the centralized treasury of the Company. It is planned to enter project mode from mid-2024 (RFP in progress in Q2-2024 for supplier selection) for the production of a new risk management tool in 2025.  
For the purposes of the smooth running of the Service, a presence of several days a week on the Client's site may be required.

Tasks

• Appropriation and analysis of the specificities of the current risk management framework in its IT environment
• Ability to rotate the P&L and risk ratios with the existing tool (Quantum)
• Understanding and analysis of the scope of the P&L calculation that will allow the definition of new ratios
• Definition of the reports to be integrated into the new risk management tool
• The implementation of the new reports should be done as much as possible in the context proposed by the chosen publisher
• All current reports will have to be set up in the new tool (stop loss, value at risk, foreign exchange position, "DV01" interest rate position, risk related to the volatility of optional instruments: vega)
• Implementation of the "P&L explain" (i.e. decomposition of P&L by risk factors)
• Definition of Revenue Cases and Implementation of the Recipe
• Once the publisher has set up the software according to the definition of the previous task, definition of the test cases with the Middle Office teams
• Preparation of the go-live and the production launch
• Once the publisher has set up the software according to the definition of the previous task, definition of the test cases with the Middle Office teams
• Updating Operational Procedures
• The update will be done on an ongoing basis to ensure an efficient transition at the time of the go-live  available

The service is based on the sequential list of deliverables below:
  Available Date of delivery to the customer Validation time by the customer Vendor Correction Time Appropriation and analysis of the specificities of the risk management framework in its IT environment Every 5th of every month 1 days 2 days Definition of the reports to be integrated into the new risk management tool Every 10th of every month 5 days 5 days Definition of Revenue Cases and Implementation of the Recipe Every 15th of every month 5 days 5 days Preparation of the go-live and the production launch Every 20th of every month 2 days 2 days Updating Operational Procedures Along the water 10 days 5 days  

• The provider will provide a final report of the benefit.
• Steering committee meetings: every 60 days, according to a schedule to be set between the main interlocutors.
• A monthly review will be organized on a monthly basis to validate the quality of the deliverables.

Technical Prerequisites
Advanced expertise in market risk management:

• Valuation methods for financial instruments, in particular optional ones, and calculation of associated risks (e.g. Value-at-Risk), particularly for interest rate and foreign exchange underlyings.
• Underlying assets requested because they are processed on a cash basis: interest rate swaps, cross-currency swaps, swaptions) and foreign exchange (spot FX, forward, foreign exchange options) 
• Knowledge of Quantum (FIS editor) is a plus
• Knowledge of at least one of the following two softwares: MUREX or CALYPSO. Knowledge of both is a plus.
• Advanced expertise with Bloomberg and LSEG (ex Refinitiv/Reuters)
• The languages of the performance will be in French and English

With over 90 years' combined experience, NES Fircroft (NES) is proud to be the world's leading engineering staffing provider spanning the Oil & Gas, Power & Renewables, Chemicals, Construction & Infrastructure, Life Sciences, Mining and Manufacturing sectors worldwide. With more than 80 offices in 45 countries, we are able to provide our clients with the engineering and technical expertise they need, wherever and whenever it is needed. We offer contractors far more than a traditional recruitment service, supporting with everything from securing visas and work permits, to providing market-leading benefits packages and accommodation, ensuring they are safely and compliantly able to support our clients.