MISSION AND OBJECTIVE
The Intermediate Holding Company (“IHC”) program structured at the U.S. level across poles of activities of BNP Paribas provides guidance, supports the analysis, impact assessment and drives adjustments of the U.S. platform’s operating model due to the drastic changes introduced by the Enhanced Prudential Standards (“EPS”) for Foreign Banking Organizations (“FBOs”) finalized by the Federal Reserve in February 2014, implementing Section 165 of U.S. Dodd-Frank Act.
Risk Independent Review and Control is responsible for the Model Risk Management framework for the BNP Paribas CUSO and IHC. Within RISK IRC there is a Model Governance team and several Model Validation groups. The Model Validation groups are responsible for performing an independent effective challenge of all modelling choices in accordance to internal policies, procedures and standards and under the umbrella of Federal Reserve Board letter SR11-7.
Conduct independent quantitative reviews of models used within CUSO IHC in accordance with internal standards and regulatory guidance, in particular SR11-7
Leverage existing expertise to lead validation of models in at least one key area – flexible depending on expertise (examples include but not limited to asset management models, wholesale credit, financial security)
Provide challenge of conceptual soundness, reasonableness of model output, implementation and any other relevant modelling aspects impacting fit-for-use.
Work with validation managers to develop an appropriate validation plan to provide effective challenge commensurate with the level of model risk
Produce documentation of effective challenge process and materials to support committees in review and decisions
Defend conclusions to management
Ensure all record keeping requirements are met
Follow and Contribute to Improvements of Standards, Procedures and Policies
Follow internal standards for independent reviews as well as internal policies and procedures detailing the groups working model
Through internal feedback contribute to the evolution and development of internal standards and procedures
Contribute to the overall model risk framework
Contribute to standards, procedures and policies as appropriate
Work with Bank of the West and BNP Paribas Group stakeholders as appropriate
Assess ongoing model performance
Participate in development of more junior team members
TRAINING AND OCCUPATIONAL EXPERIENCE
We are looking for a candidate with:
- Quantitative PhD, Masters or other advanced degree.
- 3 + years’ modelling or performing model validation in a CIB or comparable environment
- 3+ years’ experience producing high quality written technical documentation
- Experience in model development or validation of BSA/AML and/or Sanctions filtering models
ESSENTIAL SPECIFIC REQUIREMENTS
In addition to the minimum requirements it is desirable for the candidate to be able to demonstrate:
- Knowledge of investment banking activities with expertise and credibility in at least one significant modelling area
- Experience or interest in Predicting Modeling and Data Science techniques
- 2+ years programming experiencing in statistical or mathematical languages such as SAS, R, Python, or MATLAB
- Strong quantitative and statistical skills (time series analysis, logistic/ linear regression, and segmentation, AI or machine learning techniques). Experience in modelling or detailed business/transaction knowledge of either:
- CCAR/DFAST and Capital Planning modelling
- Capital Markets activities and/or modelling aspects
- Predicting Modeling, Data Science, Machine Learning (ML) or other Artificial Intelligence (AI) techniques
- Financial Security modelling
- Wholesale credit modelling
- Asset management modelling
A recruitment policy that promotes equity and diversity:
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. We strive to reflect the society we live in, while keeping with the image of our clients.
We pride ourselves in applying non-discrimination rules to all our recruitments.
We will only contact the candidates selected who meet the job requirements in terms of training and experience.
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 195,000 employees, including more than 148,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
About BNP Paribas in Canada
In Canada, BNP Paribas is one of the dominant foreign banks in the country and is committed to building its platform even further. Since becoming the operational hub for the Group’s activities in North America in 2013, it has grown significantly to reach more than 700 employees and is expected to continue growing in the coming years. With the continued development of technology and financial fields, BNP Paribas Canada continues to attract experts with diverse backgrounds as well as young and ambitious talent from across the globe. With the international mobility and capacity that very few companies can offer, BNP Paribas prides itself in providing a superior foundation for building a professional career - a place for people to learn, to achieve and grow.