Who We AreWe are RISK, BNP Paribas' independent second‑line defence covering credit, market, funding, operational and ESG risks. Our general 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.MissionAs 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 DoConduct 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 Bring2--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 policies.Proficiency in C++, C#, Python, R or Matlab for rapid model assessment.Experience with model validation and model‑risk‑management processes.Curiosity to stay abreast of new developments and drive continuous learning.Ability to build relationships, challenge methodologies and propose alternatives.Results‑orientated, persuasive, autonomous and a genuine team player.Our PerksDynamic inte

📌 Model Risk Quantitative Analyst – Independent Review (Madrid)
🏢 Tamarind Intelligence
📍 Madrid