BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 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 realize 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.
Upon completion and implementation of the Intermediate Holding Company (“IHC”) program, the 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 developed within CIB in accordance with internal standards and regulatory letter SR11-1
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
In addition to model validations review performance monitoring results and perform annual reviews
Minimum Required Qualifications
We are looking for a candidate with:
- Quantitative PhD, Masters or other advanced degree.
- 4 + years modelling or performing model validation in a CIB or comparable environment
- Experience producing high quality written technical documentation
- Experience in modelling or detailed business/transaction knowledge of either:
- CCAR modelling
- Capital Markets activities and/or modelling aspects
- Data Science, Machine Learning or other ‘AI’ techniques
In addition to the minimum requirements it is desirable for the candidate to be able to demonstrate:
- Knowledge of investment banking activities
- Experience or interest in ‘AI’ techniques
FINRA Registrations Required:
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.