Do you thrive on reviewing complex risk models that shape general banking decisions?

Are you eager to impact BNP Paribas’ risk appetite through robust model governance?

? Looking for a collaborative, inclusive environment that supports continuous growth?

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 RISK, BNP Paribas’ independent second‑line defence covering credit, market, funding, operational and ESG risks. Our global function operates on five continents, partnering with businesses to keep risk‑taking aligned with the Group’s appetite and strategy. The RISK Independent Review & Control team delivers model‑risk oversight, independent reviews and advisory services worldwide.

MISSION

As a Model Risk and Model Validation Analyst, you will safeguard the integrity of market, counter‑party and valuation risk models. You will conduct independent reviews, assess model limitations, and advise senior stakeholders,



ensuring compliance with standards such as FRTB and SA‑CCR while enabling better decision‑making.

What You’ll Do

Conduct independent reviews of market, counter‑party and valuation risk models, evaluating conceptual soundness and limitations.
Analyse model outputs against regulatory requirements (FRTB, SA‑CCR) and internal policies, documenting findings.
Develop and run quantitative scripts (Python, C++, R) to compare model alternatives and support validation.
Liaise with model developers, validation managers and business owners to gather data, clarify assumptions and present results.

What You’ll Bring

2–12 years of quantitative experience, MSc or PhD in financial mathematics or a related field.
Advanced knowledge of capital markets, product liquidity and collateral conventions.
Strong understanding of stochastic processes, derivatives pricing and market‑risk modelling techniques.
In‑depth familiarity with regulatory frameworks (FRTB, SA‑CCR) and internal model‑risk p

📌 Model Risk Quantitative Analyst – Independent Review (Madrid)
🏢 BNP Paribas CIB
📍 Madrid