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89,000+ live jobsModel Risk Quantitative Analyst – Independent Review & Control
Hybrid in Madrid·Added 8 months ago (last checked 28 Oct)
73 open roles
Our summary
- Work mode
- Hybrid, Madrid
- English
- Required
- Experience
- 2+ years
- Education
- University degree
- Benefits
- Flexible pay plan
Visa options
The ad doesn’t mention sponsorship
Not a refusal, but not a yes. Worth asking in your first message.
Skills
Requirements
What we're looking for
- 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 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.
Pay & benefits
What you'll get
- Dynamic international environment working with cutting‑edge pricing and risk methodologies.
- Training programmes, clear career paths and global internal mobility.
- Diverse and inclusive community (PRIDE, We Generations, MixCity) backed by a dedicated D&I committee.
- Corporate volunteering programme (1 Million Hours 2 Help) with paid volunteer time.
- Flexible compensation, hybrid work model (50 % remote) and 32 vacation days.
Learn more about our inclusive culture: Diversity, equality and inclusion BNP Paribas.
The role
Do you thrive on reviewing complex risk models that shape global 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?
️ 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 DO
INDEX
1️⃣ Who we are
2️⃣ Mission
3️⃣ What you'll do
4️⃣ What you'll bring
5️⃣ Our perks
6️⃣ About BNP Paribas
Hiring process
At least two interviews for every role; some roles add more interviews or tests. About a month, depending on the role
- Some roles involve more interviews and/or tests.
Hiring process
If you're ready to elevate model‑risk management at BNP Paribas, apply today.
Explore more opportunities at BNP Paribas Careers!
About BNP Paribas
BNP Paribas is a leading European banking and financial services group, operating in 64 countries with over 180,000 employees. In Spain, it employs around 5,450 professionals, offering corporate and institutional banking, investment and protection services, and retail banking solutions.
- Industry
- Banking
- Founded
- 1966
- Employees
- 100,000+
- Headquarters
- Paris, France
- In Spain
- Madrid, Barcelona
Good to know if you are moving
- BNP Paribas in Spain has offices in Madrid and Barcelona, with a significant presence in the capital.
- The company offers a range of roles in finance, risk, IT, and operations, often with opportunities for trainees and junior professionals.
- Spanish language skills are typically required for many positions, though some roles may be open to international candidates.
- The bank is known for its commitment to sustainable finance and corporate responsibility, which may appeal to values-driven professionals.
In their own words
About the company & team
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 large institutions worldwide. In Europe we hold leading positions across retail, corporate and investment banking, while expanding in the Americas and Asia‑Pacific. The RISK function underpins these activities, ensuring sound risk management and sustainable growth.
€63k
Blue Card threshold🇬🇧
€2k
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