CREDIT INTERNAL MODELS PORTFOLIO Project Manager RISK Hub

Employment contract:

Contractor/ Via Agency

Location:

Madrid, Community of Madrid, Spain

Job/mission:

FINANCIAL AND TECHNICAL EXPERTISE

Reference:

BNP-001431

CREDIT INTERNAL MODELS PORTFOLIO – PROJECT MANAGER

 

BNP 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

 

 

MISSION

 

Thanks to IRBA approaches cost-benefit analysis on the one hand and analysis of remediation plans prescribed by Supervisors on the other hand, your team designs a 5-year modelling strategy validated by the Top Management of the Bank.

The implementation of this 5-year modelling strategy requires a strong coordination of teams’ efforts all over Europe and a sound budget / resources management.

The 5-year modelling can be decomposed as a sequence of transversal projects focused on a list of models, mobilising varied teams (model developers, back-testers, Business Lines stakeholders) from different entities of the Bank.

 

 

RESPONSIBILITIES

 

  • In your position, you will play a key role by facilitating these projects:
  • Helping the building of transversal roadmaps
  • Fostering homogeneity in methodologies used
  • Facilitating meetings between entities (suggesting agenda, preparing supporting documentation, writing minutes) or between “do-ers” and “reviewers”
  • Consolidating and challenging the costing of planned actions

 

In addition, you will be given the responsibilities of Transversal Budget Management, in particular you will:

  • Participate to the Budget process by consolidating, challenging teams’ needs, in particular regarding external assistance, and defending this Budget
  • Secure funds obtention and validate invoices
  • Hire external resources when necessary (orchestrate requests for proposals with Group Purchase Office), manage on/off-boardings
  • Keep track of external resources workforce consumption through internal tools
  • Report on budget / consumption to RM&R Chief of Staff and in internal meetings

 

 

REQUIREMENTS

 

Training

  • 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

 

SKILLS

 

Technical

  • 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.