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Client:
BNP Paribas
Location:
Madrid, Spain
Job Category:
Other
EU work permit required:
Yes
Job Reference:
592061018844797337632460
Job Views:
2
Posted:
31.03.2025
Expiry Date:
15.05.2025
Job Description:
GROUP BNP PARIBAS BNP Paribas Group is the top bank in the European Union and a major international banking establishment. It has close to 185,000 employees in 65 countries. In Spain we are more than 5,100 employees within 13 business lines.
RISK HUB
RISK is an integrated and independent control function of the BNP Paribas Group. It is the second line of defense on the risk management activities of the Group which are under its direct responsibilities, including credit and counterparty risk, market risk, funding and liquidity risk, interest rate and foreign exchange risks in the banking book, insurance risk, operational risk, and environmental and social risks. RISK aims at being a partner of the businesses by contributing to their sustainable development, but also a gatekeeper to ensure risks taken remain compatible with the Group’s Risk Appetite and its strategy.
ABOUT THE JOB
MISSION and RESPONSIBILITIES
RISK Independent Review & Control (RISK IRC) is a special unit within the RISK organisation and reports directly to the Group CRO. The independent review arm of the department provides second line of defence for the use of various types of models and, accordingly, is in charge of model risk management. The position in subject is within the team that covers market risk, counterparty risk and valuation risk methodologies. These methodologies are developed and used globally for both regulatory and internal risk management purposes, covering all activities of the Group.
REQUIREMENTS
Hard skills
- 5 to 15 years of experience
- Strong quantitative background, owning an MSc or PhD degree in a quantitative subject, preferably a degree in financial mathematics.
- This position requires proven professional experience in alignment with the responsibilities.
- Advanced knowledge of capital markets: how the markets operate, what the liquidity and price observability of the key products are, what the trading venues are, and what the various netting and collateral agreements are.
- Familiarity with many pricing models as well as with market and counterparty risk modelling techniques.
- Strong understanding of stochastic processes and derivatives pricing.
- Good understanding of the regulatory requirements for the scope of models being in charge of.
- In-depth knowledge of model risk management processes, regulatory requirements, internal policies, standards and templates.
- Advanced programming skills (C++ / C#, R, Python, Matlab, etc) allowing fast assessment of model features and carrying out comparison of model alternatives.
- Experience with model validation techniques and model risk management processes.
Soft skills
- Strong curiosity of the field, proactively seeking opportunity of learning and progress, and staying up-to-date with the newest developments in the field.
- Ability to challenge the proposed methodologies and to provide alternative solutions.
- Result orientation, managing the time efficiently focusing on the mission and providing the highest quality work and precision under the constraint of given resources.
- Ability to persuade and influence stakeholders.
- Eagerness to take ownership of projects and be autonomous in finding out the next steps.
- Genuine sense of care and respect for people, acting as a team player and proactively supporting colleagues.
BENEFITS
We offer the opportunity to work in a dynamic international environment where the candidate can learn about and work with cutting edge pricing and risk methodologies. The position allows having a global view on the corporate and institutional banking activity of one of the market leading top tier investment banks. There will always be opportunities to stand out and build an enviable reputation within a business of this size and the candidate will enjoy the benefits of working in an extremely focused and highly professional team with a reputation for delivering excellence. The position allows for partial work from home in line with internal BNP Paribas applicable rules.
Diversity and inclusion commitment
BNP Paribas Group in Spain is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity.
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