Senior Model Risk Quantitative Analyst – Independent Review & Control

Ready to shape robust model risk practices for market, counterparty and valuation risk? Want to influence decisions that protect BNP Paribas’ risk appetite worldwide? Looking for a team where continuous learning and inclusive culture are core?

INDEX 1️⃣ Who we are 2️⃣ Mission 3️⃣ What you’ll do 4️⃣ What you’ll bring 5️⃣ Our perks 6️⃣ About BNP Paribas

️ WHO WE ARE We are the RISK FUNCTION, an independent control unit of BNP Paribas Group. As the second line of defence we monitor credit, market, funding, operational and ESG risks. Our Iberian Hub in Madrid delivers consulting, data analysis, AI and cyber‑security services to RISK teams worldwide.

MISSION As a Model Risk Quantitative Analyst, you will strengthen the Group’s model risk framework for market, counterparty and valuation risk. You will carry out independent reviews, assess model limitations and advise senior stakeholders on risk implications. Your work ensures compliance with regulations such as FRTB and SA‑CCR while supporting informed decision‑making.

WHAT YOU’LL DO

• Perform independent reviews of market, counterparty and valuation risk models, evaluating soundness and limits.

• Analyse model outputs against regulatory standards (FRTB, SA‑CCR) and internal policies.

• Collaborate with model developers, validation managers and business owners to gather data and clarify assumptions.

• Build quantitative tools (Python, C++) to compare model alternatives and present findings to senior stakeholders.

? WHAT YOU’LL BRING

• 5–15 years of quantitative experience, MSc/PhD in financial mathematics or related field.

• Strong expertise in stochastic processes, derivatives pricing and market/counterparty risk modelling.

• Advanced knowledge of capital markets, product liquidity, pricing models and collateral agreements.

• Proficiency in Python, C++, R or Matlab for rapid model analysis.

• Ability to challenge methodologies, influence stakeholders and deliver high‑quality results.

OUR PERKS

• Training programmes, clear career paths and internal mobility across Europe and globally.

• Dynamic Diversity & Inclusion Committee with employee communities such as PRIDE, We Generations and MixCity.

• Corporate volunteering programme (1 Million Hours 2 Help) allowing paid volunteer time.

• Flexible compensation, hybrid work model (50 % remote) and 32 vacation days.

• Access to a global network of professionals and innovative risk‑management tools. Learn more about our inclusion policy: Diversity, equality and inclusion BNP Paribas.

ABOUT BNP PARIBAS We are BNP Paribas, a European banking leader present in 64 countries with over 178 000 professionals. Our three pillars – Domestic Markets, International Financial Services and Corporate & Institutional Banking – serve individuals, SMEs and institutions worldwide. With a presence in Europe, US and Asia‑Pacific, we deliver financing, investment and insurance solutions to help clients achieve goals.

Ready to shape the future of model risk at BNP Paribas? Apply now and join our global RISK community.

Explore more opportunities at BNP Paribas Careers!