Quantitative Models Analyst Trainee

As part of Financial Institutions Coverage within Global Banking, Institutional Credit Analysts Team (ICAT) is in charge of credit analyses of all institutional clients, intragroup entities, sovereigns, and market infrastructures. In this domain, the Market Infrastructure – Central Clearing Counterparties (CCP) Team provides a holistic view of risks facing market infrastructures, by integrating counterparty credit risk analysts as well as quantitative analysts within the team. It is a global team, with a presence in London, Paris, New York, and Hong Kong. The CCP Quantitative Analyst will work as part of the integrated “FIC ICAT – CCPs & ALGO” team and will be based in Lisbon, covering a worldwide scope.

Quantitative Assessment

• Monitoring and controlling the risk-facing margin algorithms put in place by market infrastructure entities, considering among others the use, hypotheses, suitability, calibration, and its performance.
• Understanding the risk drivers of the margin models, and their interactions with the portfolios and market parameters.
• Analysing the inherent model risk built by CCPs by parallel building the model when available information so permits it, quantifying errors and their significance.
• Proactive and enthusiastic attitude with a drive to learn and build up an expansive knowledge of the market.

Quantitative Opinion Contribution

• Timely providing a quantitative assessment on the robustness of the margin models to help the Credit Analysts form a holistic opinion regarding the market infrastructure entity and its suitability for BNPP exposure levels.
• Presenting the quantitative assessment at the relevant credit committees contributing for decisions on the market infrastructure entity.
• Ability to work independently and diligently.

RISK Monitoring

• Continuously monitor the portfolio of counterparties under own responsibility, jointly with Credit Analysts, and detecting any quantitative issues that may require a specific review.
• Driving the necessary changes to work towards a more robust risk management platform in the market.
• Ensuring that the counterparty data management is conducted well, namely on-boarding, collection of documents, and commensurate limits update.

These topics will allow:

• Numerous interactions with a large variety of global stakeholders.
• Develop an in-depth understanding of CCPs risk margin models, developing market intelligence through all available sources of credit, economic, and financial information.

The successful applicant will be very much part of a global team that will allow her/him to build up an extensive knowledge of the market.

• Education: Master’s Degree in Quantitative Finance / Mathematics / Engineering / Statistics and/or Physics
• Languages: English (fluent)
• Skills:
• Strong and proven analytical skills.
• Creativity & innovation / problem solving.
• Rigorous and reliable.
• Adaptability and proactivity, multitasking.
• Ability to organize and prioritize high volume workloads.
• Strong presentation and communication skills (verbal and written).
• Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint).
• Basic Python Programming Skills.
• Knowledge of derivatives and products’ risk drivers is a plus.

#LI-Hybrid

• Leading banking institution

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 65 countries, with around 190 000 Employees – including more than 145 000 in Europe.

• Our presence in Portugal

Since 1985, BNP Paribas was one of the first foreign banks to operate in the country. Today, the Group has around 7.100 employees across several entities operating directly in the territory, offering a wide range of integrated financial solutions to support its clients and their businesses.

• International reach

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients 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:

· Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines

· Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services.

· Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional client.

• Diversity and Inclusion commitment

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/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.

• Commitment towards work/life balance

At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.

• · Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.

To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal

* 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.