Markets & Models Audit Line Inspector
Standard / Permanent
Department purpose / objectives
In charge of periodic control, Inspection Generale carries out the function of internal audit and contributes to the protection of the activity and reputation of the BNP Paribas Group.
Inspection Generale provides an objective assurance of Risk Control to BNPP Group operations globally and is headed by the Inspecteur General who reports directly to the Group CEO.
Within Inspection Generale, the “Markets & Models” Audit Line is in charge of covering the audit perimeter pertaining to Markets & Models group-wide. In particular, the scope of the Audit Line includes Global Markets activities, ALM-Treasury and all models in use within the Group.
Global Markets assignments will cover all markets products (Fixed Income, Equity, Commodities) and all cash and derivative activities.
ALM-T assignments will cover such topics as Liquidity, Interest Rate Risk in the Banking Book (IRRBB), MLT Funding and Treasury operations.
Models assignments will involve thorough reviews of the Model Risk Management set-up with a strong focus on key topics such as model development, model validation and approval, implementation, back-testing, use etc.
Assignments will often be transversal and/or thematic covering a specific activity or topic in multiple countries or product lines worldwide.
The Markets & Models Inspectors report to the IG Deputy Head in charge within Inspection Generale of the Markets & Models Audit Line.
The position requires a high level of availability (at least 3 missions per year in France or abroad, for approximately 10 weeks each time). Expected duration of the position is on average 3 years and Inspectors will have the possibility to work on assignments covering different topics across the perimeter of the Audit Line during the course of their stay with IG.
Inspection Generale is recognized internally as a key talent pool within BNPP Group and successful inspectors will subsequently benefit from multiple career opportunities within the Group.
During assignments, Inspectors will:
Analyze and assess the quality of the risk control framework in the Audit Line perimeter.
Ensure that all regulations and internal procedures are being complied with.
Formulate dedicated Findings and Recommendations in order to remediate to identified gaps pertaining to this referent framework.
Assess the actions of the management teams audited.
Contribute to and produce key deliverables such as synthetic feedback to auditees, scorecards, assignment ratings, assignment reports etc.
3-5 years of experience in market activities
3-5 years of experience in ALM-Treasury activities
3-5 years of experience in model development or model validation departments
Mastery of financial mathematics and statistics is a prerequisite. Academic background such as a master in Quantitative Finance, Statistics, Probability, Stochastic and Financial Mathematics among others will be a strong plus.
Excellent adaptation skills
Ability to work in a team in a stimulating and demanding environment
Ability to lead interviews
Capacity to analyze and synthesize information
Good writing skills
Working language is English. Fluent English (both written and spoken) is necessary. A second foreign language will be a plus.