BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe's banking history.
It has a presence in 71 countries, with 200 000 Employees including more than 150 000 in Europe and 6 000 in Portugal alone.
BNP Paribas is present in Portugal since 1985, having been one of the first foreign banks to operate in the country. Today, the Group has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.
Thanks to its international presence and regular and close collaboration among its businesses, BNP Paribas has the resources to support all clients individuals, entrepreneurs, SMEs, large corporates, institutional investors and community organisations with financing, investment, savings and protection solutions that help make their projects a success.
BNP Paribas holds key positions in its three core operating divisions : Domestic Markets and International Financial Services for retail banking and specialised financial services, and Corporate & Institutional Banking for corporate and institutional clients.
The RISK Global Markets Quantitative Team is the RISK team responsible for the second line of defence on valuation models within Global Markets.
This therefore includes independent review and control of all models used for the generation of official daily P&L and risks.
The team furthermore acts as a centre of quantitative expertise within RISK Global Markets.
ROLE AND RESPONSIBILITIES
Review and approval of all new valuation models, on both trading and potentially on certain banking books, taking into account their use and market conditions
Regular reassessment and re-review of existing valuation models
Maintenance of documentation supporting the above (re-)reviews, reassessments and approvals
Definition and regular review of model-related valuation adjustments (Fair Value and Prudent Value)
Ensure consistency of approach and standards in all the above (across GBLs, regions ) and, where differences in approach are justified, ensure the justification is documented
Act as the main interlocutor of Risk Global Markets with Global Markets Quantitative Research
Collaborate closely with other Risk Global Markets teams. Specifically (but not exclusively) :
Strong and frequent interactions with the GBL Market Risk teams, to keep model considerations anchored in the context of current positions and market conditions and to contribute quantitative expertise on relevant subjects
Contribute to approval processes (Limits, TAC, NAC ) involving complex valuation issues
Contribute to the valuation model risk management governance framework and other related governance subjects, working closely with the Valuation Risk Officers
Contribute to non-model valuation adjustments where justified by their nature (complex, quantitative )
Contribute to forums relating to model topics and other quantitative subjects (VMC, STQC, RTR, RMTC ), representing Risk Global Markets where appropriate
Attend other non-model focused forums where contribution on valuation model or other quantitative topics is needed (Main Position, STSC, NSB Committee )
Education : Graduate in relevant subject (e.g. Finance, Economics, Sciences)
Experience : Some experience in a relevant area 1-2y , willing to consider recent graduates
Good knowledge of quantitative finance, options pricing and derivatives (products and markets).
IT Skills : Good level of Excel + VBA + Python or R.
Strong quantitative ability.
Languages : English mandatory.
Ability to understand, identify and communicate key risks associated with highly quantitative topics to a variety of stakeholders.
Excellent verbal and written communication skills.
Ability to work effectively in a team environment.
Ability to work autonomously.
Desire to learn
Please note that only applications submitted in English will be considered.
In case you are selected for this role, further documentation will be requested to support your hiring process.
BNP Paribas 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, 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.