CREDIT INTERNAL MODELS PORTFOLIO | Strategist | RISK Hub

BNP Paribas

  • Madrid
  • Permanente
  • Tiempo completo
  • Hace 15 días
CREDIT INTERNAL MODELS PORTFOLIO – StrategistBNP Paribas is an international bank with leading positions in the European market. It is present in 74 countries and employs more than 192,000 people, 146,000 of whom are in Europe. The Group holds key positions in its three main areas of activity: Domestic Markets and International Financial Services (whose retail banking and financial services network is part of Retail Banking & Services), as well as Corporate & Institutional Banking, which offers services to corporate and institutional clients. The Group supports its customers (individuals, entrepreneurs, SMEs, large companies and institutions) to help them carrying out their projects by providing financing, investment, savings and insurance services.In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is number one in retail financing in Europe.BNP Paribas is developing its integrated retail banking model in the Mediterranean countries, Turkey, Eastern Europe and has an important network on the US West Coast. In both its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas has leading positions in Europe, a strong presence in the Americas and a solid and growing network in the Asia-Pacific region.RISK is an integrated and independent control function of the BNP Paribas Group. It is the second line of defense on the risk management activities of the Group which are under its direct responsibilities, including credit and counterparty risk, market risk, funding and liquidity risk, interest rate and foreign exchange risks in the banking book, insurance risk, operational risk, and environmental and social risks.RISK aims at being a partner of the businesses by contributing to their sustainable development, but also a gatekeeper to ensure risks taken remain compatible with the Group’s Risk Appetite and its strategy.RISK Iberian Hub Madrid is a transversal platform servicing the RISK Function by covering added-value activities around credit risk, market risk, operational risk and data protection. Offering a wide range of services to RISK teams, from consulting to cyber security going through data analysis, modelling or artificial intelligence.Your team belongs to BNP Paribas RISK Division (5 500+ employees in 50+ countries), recognized for its excellence among its peers. RISK is an integrated and independent function, it covers all the risks of the Bank (credit, market, liquidity, operational, ESG risks). RISK is part of the control functions but is also a partner for Business Lines and helps them sustainably growing.Inside RISK, RISK Models & Regulatory (100+ teammates) designs “internal” models (used for both risk management and capital requirements measurements) and ensures their performance over time, while playing a watch tower role regarding regulatory changes.Inside RISK Models & Regulatory (15 teammates), the Models Portfolio Management team (‘MOMA’) plays a key role as it facilitates Top Management decision regarding the Modelling Trajectory
  • Analyses the cost-benefit equilibrium of IRBA approaches use. This analysis is supported by a regular IRBA model inventory, augmented by the most meaningful/innovative indicators, including simulations.
  • Constructs mid-term model-related trajectory of capital requirements, monitors the impacts for all entities of the Bank and ensures consistence in visions with Finance and Strategy Function
  • When necessary, MOMA designs and maintains its own simulation tools.
  • Also incubates or directly coordinates strategic programs to convert Regulation changes/challenges in transformation opportunities. For example, lately, MOMA has designed two very large transformation programmes to prepare the Bank to CRR3 (“Basel 4”) or align the model portfolio to Regulatory Guidelines (“IRB Repair”). These programmes are both pluriannual both mobilise 100+ people in different divisions
  • Ensures that new models are swiftly and efficiently inserted in credit risk processes
  • It gives you a lot of visibility and responsibilities
MISSIONIn your day to day, you will contribute to the Business Case assessment (ie cost-benefit analysis) of internal modelling and to the design and validation of the 5-year modelling roadmap.Indeed, the Bank is engaged to make changes to models in a defined timeline, in accordance with Supervisor’s (ECB) decisions. These models’ changes have costs and benefits attached (engaged resources/ potential rwa changes).RESPONSIBILITIESIn your position, you will:
  • Register the review reports and decisions and analyse the Regulatory expectations based on these documents
  • Categorize the changes to be brought to the models / processes / data
  • Ensure that adequate stakeholders and resources are mobilised to remedy
  • Ensure that developers and reviewers agree on the actions to be performed
  • Ensure that deadlines fit in a sustainable 5-year modelling roadmap
  • Declare changes timeline to Supervisors (stocktake exercise)
  • Bring elements to the missions’ roadmap validation
  • Report on remediation progress to Supervisors in regular meetings the Bank has with them and within submission packages
Indeed, the implementation of the modelling strategy requires coordinated efforts of teams all over Europe, in particular when it comes to ECB submissions (application files). You will contribute to their quality by enriching parts of the files dedicated to model perimeter description, RWA impact assessment and obligations status.An enabler of transversal works coordination is an efficient communication and circulation of key information, you will contribute to this by maintaining our Sharepoint.REQUIREMENTSTraining
  • International Regulatory Project Management (Expert)
  • Data Processing – with Excel (Expert)
  • Credit risk modelling (Proficient)
  • Capital Requirement related Regulatory environment (Proficient)
Experience
  • Good verbal and written communication with stakeholders across the Bank (beyond the market activities perimeter) and to present often at senior level of the bank
  • All-round IT competence, with specific data analysis skills such as being highly proficient in excel or Power BI
  • The position requires a strong analytical background across the main categories of risk and the ability to synthesize large amounts of diverse information at any one time
  • A strong delivery focus is required as strict deadlines are to be respected and limited time is available to collect and analyse risk information
Languages
  • ENGLISH: Fluent
  • FRENCH: Optional
SKILLSTechnical
  • Ability to create relevant indicators and to inspire others & generate people's commitment (Proficient)
  • Analytical Ability (Proficient) and to explain technical topics in simple terms (Proficient)
  • Ability to manage/facilitate a meeting, committee
Trasversal & Behavioral
  • Ability to develop and adapt a process
  • Critical thinking
  • Ability to develop others & Improve their skills
BENEFITS
  • Training programs, career plans and internal mobility opportunities, national and international thanks to our presence in different countries
  • Diversity and Inclusion Committee that ensures an inclusive work environment. In recent years, several employee communities have been created to organize diversity and inclusion awareness actions (PRIDE, We Generations and MixCity)
  • Corporate volunteering program (1 Million Hours 2 Help) in which employees can dedicate time out of their working hours to volunteer activities
  • Flexible compensation plan
  • Hybrid telecommuting model (50%)
  • 31 vacation days
BNP Paribas Group in Spain is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. 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.

BNP Paribas