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Model Risk Analyst – Bruxelles - Expert

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Last update 10.06.2024

Your Job at a Glance

As a Model Risk Analyst, you'll join an audit entity of BNP Paribas Group (RISK Independent Review - RISK IR) and participate in the validation of credit risk measurement models and methodologies. Are you ready to certify new risk management systems, review existing ones, and ensure compliance with regulatory standards? Come onboard and join an international team of experienced and skilled professionals in the Credit Risk Domain !

And in detail

You’ll be joining the Credit Risk Methodology (CRM) team, where we review a variety of regulatory models like PD, LGD, and EAD, as well as credit granting scores and IFRS9 ECL methodologies. With team members based in Paris, Brussels, Rome, Montréal, and Madrid, you'll collaborate globally to ensure the integrity and effectiveness of our credit risk systems.

Specifically, you’ll be responsible for the following tasks:

●   Validation tasks regarding both quantitative and qualitative aspects of the BNP Paribas Group’s internal credit rating methodologies and procedures, working with mathematical models of varying complexity.

●        Reviewing existing rating systems (annual backtesting or in-depth analyses) and certifying new ones.

●        Approving request files destined for the supervisory body (ECB).

●        Conducting the assessment of closure of internal or supervisory recommendations.

●        Liaising with senior executive members across the BNP Paribas Group’s RISK Organisation: Model Development teams, Internal Audit and Risk Officers across the different group entities in the Domestic Markets or in the Corporate & Investment Banking environment.

Your Talents and Skills

The following qualities and skills are important for this position:

●        You're an innovative person, known for your independence, precision, and curiosity. Your keen critical thinking and love for learning drive you forward, alongside your natural initiative and knack for organization.

●        You’re a persuasive communicator and are able to connect with individuals at every level of the organization, including senior management.

●        As this role demands adaptability across varied project contexts, your dedication to thoroughness shines through, and you're comfortable tackling projects on your own.

●        Strong statistical knowledge is a must-have.

●        Knowledge of the regulations for credit institutions or willingness to acquire this knowledge (NDoD, Basel IV, EBA Guidelines, IFRS9, CRR/CRD, Collateral eligibility) is a definite plus. So is having experience on the credit side.

●        You have a good command of English, oral and written.

●        Good knowledge of SAS software is a prerequisite. Knowledge of Machine Learning algorithms and prior experience with Python and R programming will be positively taken into consideration.

●        You have a Master's degree (in Engineering, Mathematics, Statistics, Physics, Econometrics, Commercial Science, Economics or equivalent) and at least five years relevant experience in credit risk modelling. A first experience in an audit function is an asset.

What we have to offer

You’ll enjoy a permanent contract with an attractive pay package.

You'll be working at our Brussels headquarters, just a short stroll from the railway station.

Our offer

We support your work-life balance by offering a mixture of in-person and remote work, among other things.

Our impact

We strongly believe in the positive impact that the financial sector can have on the world. BNP Paribas Fortis offers sustainable and responsible investment products and solutions and encourages social entrepreneurship. Together with our customers, we are working towards a better future every day.

Your prospects

The departments that make up BNP Paribas cover a wide range of activities. You will therefore have many opportunities for “horizontal” and “vertical” career development.

Let's share our values

At BNP Paribas Fortis, we surround ourselves with talented individuals, regardless of their gender or gender identity, age, origin, sexual orientation, disability… And to ensure equal opportunities for everyone, regardless of their personal or family obligations, our full-time job offers are also open to part-time, at 80 or 90%.

Ready to seize this opportunity?

We will make our first selection based on your CV and cover letter. We will contact you if your profile matches our offer.

Good luck!

If this role does not meet your expectations or fit your profile, feel free to share it with your network.

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Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?


  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

Find out more