VIE- Model Validation Quantitative Analyst - Montréal - H/F

What about your daily life?

As part of the RISK IRC team at BNP Paribas, you will contribute to the independent quantitative review of the models used within the bank, ensuring compliance with internal standards and regulatory requirements. Your key responsibilities will include: 

• Conduct independent quantitative reviews of the models used within BNP Paribas in accordance with internal standards and regulatory guidance.
• Working with validation managers to develop and follow an appropriate validation plan according to the level of model risk identified 
• Conducting technical analyses to challenge model assumptions, conceptual soundness, model implementation and other relevant modelling aspects impacting fit-for-use
• Collecting, preparing and analyzing data used in model development and identifying potential data quality issues 
• Developing challenger models, performing sensitivity analysis and independent testing to help assess the performance and robustness of the model 
• Preparing and presenting clear, concise and convincing reports in English to communicate the review findings to the stakeholders  

The working environment is important!

RISK Independent Review & Control (RISK IRC) is a special unit within the RISK organization and reports directly to the Group CRO. The independent review arm of the department provides a second line of defense for the use of various types of models and, accordingly, is in charge of model risk management. RISK IRC is composed of a Model Governance team and several Model Validation groups. The Model Validation groups are responsible for performing an independent effective challenge of the modelling choices in accordance with internal policies, procedures, and standards under different regulations, such as the Federal Reserve Board letter SR11-7.

The Montreal RISK IRC team, in which this VIE position is opened, acts as an independent analytic and methodology control function for reviewing models and methodologies covering all businesses and products in the Americas and at the Group level. The team in Montreal is composed of around 20 validators and the offices are located in downtown Montreal.

And then?

This mission is a unique opportunity to develop your knowledge of banking and risk management.

This position will give you a privileged view of the entire RISK function and offer you a global view, a major asset for any risk management career.

Why join BNP Paribas?

Our world is changing: the way we inform, consume and work!

Today, what matters in a job is to have real experiences, to learn, to share objectives and results with colleagues.

In short, to chart its own path, different, responsible and sustainable.

At BNP Paribas, we recruit our employees with the idea that they will help us design the world and the bank of tomorrow.

You want to know all the reasons for joining us? Go to https://group.bnpparibas

What about the pay?

It is set by Business France and can be consulted directly on their website.

Are you our next VIE Model Validation Quantitative Analyst?

It's up to you to convince us!

You have a Master obtained at a university or business or engineering school with a specialisation in data science, economics, statistics, finance or any other related quantitative field.

You have solid quantitative, statistical and AI knowledge: predictive modelling, data science techniques, time series analysis, statistical inference and probabilities.

You are fluent in English and French and are proficient in the Pack Office (Excel, Word, PowerPoint) and programming tools such as Python, R or SAS.

In addition, your team spirit and critical thinking will be essential assets.

Add to that your capacity for synthesis, your rigour and your organization to finally convince us.

In a changing world, diversity, equity and inclusion are key values for the well-being and performance of teams.

At BNP Paribas, we want to welcome and retain all talents without distinction: this is how we will together build tomorrow’s finance, innovative, responsible and sustainable.

Finally, we attach particular importance to our future employees acting on a daily basis with ethical and professional responsibility.

At any time during the recruitment process, the information on your CV, your identification data and your background can be checked.

Duration and availability

This post is to be filled as soon as possible for a period of 24 months.

Before applying, be sure to check the eligibility conditions for this destination:  Faire son V.I.E au Canada (businessfrance.fr) and add to your application area a CV and a letter of motivation in English.