About the Role The RISK Global Markets (“RISK GM”) team's mission is to provide full transparency and dynamic analysis to Senior Management regarding market, counterparty, valuation, and liquidity risks managed by CIB GM. This helps guide their risk decision-making processes.
Following the Group’s Risk Appetite Statement and RISK’s mandate, RISK GM serves as a second line of defense for related risks. They contribute to setting GM's risk profile, the risk decision-making process, and optimizing resource allocation to support sustainable business growth. They also monitor the actual risk profile against the target, and assess its potential impact from new activities and future changes.
The RISK department aims to be a business partner, contributing to their sustainable development while acting as a gatekeeper to ensure risk alignment with the Group’s Risk Appetite and strategy. RISK teams engage in early discussions with the business to understand their strategy, objectives, and deals, providing opinions and recommendations. The RISK function operates independently, reporting directly to the CEO and Group Board.
Our risk management function (“RISK”) is recognized as a top-tier function within the industry. Our core missions include:
- Advising the Bank on risk appetite definition, encompassing credit, counterparty, market, liquidity, operational, cyber, and other potential risks.
- Serving as an objective "second pair of eyes" to confirm that risks taken by the Bank comply with its policies through analysis, valuation, and documentation.
- Reporting and alerting bank management about the status of risks faced by the bank.
What You'll Do 📝
- Review and approve Valuation Models, considering their suitability, use, setup, and implementation. This involves challenging hypotheses, verifying math, and reviewing input data and calibration.
- Compare models to alternative models, understand associated model risk and potential for errors, and assess the significance of those errors. Understand how the model interacts with the market, products, and the wider portfolio. Document the review process and communicate findings to stakeholders while maintaining ongoing and positive communication.
- Regularly reassess and review existing valuation models. Monitor model performance by developing tools and implementing performance metrics alongside senior analysts.
- Maintain the mapping between products, models, and associated controls.
- Manage model parameter controls regarding levels and the overall control framework.
- Provide quantitative analysis to support the definition and assessment of the risk management framework for new trades, products, and activities that rely heavily on quantitative approaches or models.
- Define, maintain, and document valuation adjustment methodologies related to model risk uncertainty, and calculate their impact at the appropriate frequency.
- Propose the definition and measurement of model risk at the aggregate level of models, portfolios, and derivative products.
- Collaborate with other teams to achieve organizational goals related to automation, regulatory topics, or risk management.
Skills & Experience
- Master's Degree in Mathematics/Sciences
- At least 4 years of relevant experience
- Fluency in English (oral and written)
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Knowledge in:
- Models and pricing tools, especially Derivatives Pricing Models
- IT languages like Python
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Skills:
- Communication (written and verbal)
- Collaboration and teamwork
- Analytical abilities
- Client focus
- Attention to detail and rigor
- Creativity, innovation, and problem-solving
About the Team 🤝 The RISK Global Markets Valuation Model Risk Team is responsible for the second line of defense for valuation models within Global Markets. This includes independent review and control of all models used for generating daily P&L and risk information. The team also serves as a hub of quantitative expertise within RISK Global Markets.
RISK is a great place to work due to its diverse opportunities. With over 5,000 employees globally and reflecting BNP Paribas Group's culture, RISK embraces a diverse workforce with varying nationalities, cultures, experience levels, and academic backgrounds.
Employee well-being is a core part of our "people care" values. The culture fosters long-term careers and internal mobility while welcoming new graduates and talented individuals. Experienced staff are always happy to share their knowledge and expertise with newer team members.
We offer a wide range of internal training courses and programs to develop talents at all levels, alongside on-the-job training.
RISK employees also connect through employee networks (Multicultural, LGBT, Gender Balance, Disability, Diversity & Inclusion, Early Career, Parents & Carers), social committees, sports activities, and mentorship programs.
Why Join BNP Paribas?
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Leading banking institution: BNP Paribas is a leader in the Eurozone and a prominent international banking institution with deep roots in European banking history. It operates in 65 countries with around 190,000 employees, including over 145,000 in Europe.
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Our presence in Portugal: Since 1985, BNP Paribas has been one of the first foreign banks to operate in Portugal. Today, the Group has approximately 7,100 employees across various entities operating directly in the country, offering a wide range of integrated financial solutions to support clients and their businesses.
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International reach: BNP Paribas's international presence and close collaboration between its entities enable it to support clients with financing, investment, savings, and protection solutions to help them succeed. The bank holds key positions in its three core operating divisions: Retail Banking, Investment & Protection Services, and Corporate & Institutional Banking.
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Diversity and Inclusion commitment: BNP Paribas is an equal opportunity employer committed to providing equal employment opportunities 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.
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Commitment towards work/life balance: At BNP Paribas, we prioritize employee well-being and promote a culture that balances work and life. We recognize that employees have fulfilling lives outside of work and that disconnecting is essential for physical and mental rejuvenation. We believe that this balance allows everyone to perform their best.
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Remote Working Conditions: BNP Paribas embraces a Smart Working framework based on trust, autonomy, and collaboration. Eligible employees can benefit from flexible remote working arrangements within our hybrid working environment. Eligible employees are provided with office and home equipment, receive an equipment allowance, and benefit from exclusive partnerships for purchasing additional equipment at discounted prices.
Additional Information:
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Primary Location: Lisbon, Portugal
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Job Type: Standard/Permanent
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Job Category: Data Analysis
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Education Level: Master's Degree or equivalent (> 4 years)
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Experience Level: At least 5 years
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Schedule: Full-time
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Entity: PRT - Group Functions
To learn more about why you should join BNP Paribas, visit https://bnpp.lk/why-BNP-Paribas-Portugal
Please note:
- Only applications submitted in English will be considered.
- If selected for this role, further documentation will be requested to support your hiring process.