CaixaBank is the leading financial group in Spain and one of the most significant banking institutions in the Eurozone, serving millions of customers through an extensive network of branches and digital channels. The company operates across retail banking, insurance, and asset management, maintaining a dominant market share in the Iberian Peninsula following its 2021 merger with Bankia.

With its legal headquarters in Valencia and major operational hubs in Barcelona and Madrid, CaixaBank offers a vast array of career paths ranging from local branch management to highly specialized corporate functions. For international professionals, the bank is particularly relevant in areas such as cybersecurity, fintech, data analytics, and sustainable finance, where it seeks to integrate global best practices into its digital transformation strategy.

Founded in 1904 as Caja de Ahorros y Pensiones de Barcelona ('la Caixa'), the institution transitioned to a publicly traded bank in 2011. In 2021, it completed a landmark merger with Bankia, solidifying its position as the largest bank in the Spanish domestic market.

Manager for Model Validation and Risk (Model Risk) (BCN / MAD)

CaixaBank

This job was originally posted in Spanish and automatically translated to English. You'll most likely need Spanish to apply.

Job Description

CaixaBank is a financial group with a socially responsible universal banking model with a long-term vision, based on quality, proximity, and specialization. It offers a value proposition of products and services adapted to each segment, embracing innovation as a strategic challenge and a differentiating trait of its culture. Its leading position in retail banking in Spain and Portugal allows it to play a key role in contributing to sustainable economic growth.
What projects do we develop?
Model Validation and Risk originated from the need for the Entity to have an independent and specialized unit that continuously reviews and monitors internal models, as established by the current regulatory framework.
The department's mission is to issue a technical opinion on the adequacy of the internal models used for internal management and/or regulatory purposes of the CaixaBank group, as well as to maintain a global vision of the risk involved in using models for the Entity. To achieve this, we are organized into three teams: the Credit Risk Model Validation Directorate, the Market/Operational and Actuarial Validation Directorate, and the Model Risk Directorate.
The vacant position is located within the Model Risk Directorate, whose mission is to define, implement, and supervise the management framework for risk derived from the use of models in the Group, ensuring that such risk is identified, measured, governed, and monitored consistently with the Entity's risk appetite.
In addition to contributing to the improvement of the current methodology, you will participate in the evolution of the Model Risk framework toward new paradigms due to the increase in Artificial Intelligence models (predictive, generative, and agentic), contributing to its alignment with market best practices and regulatory requirements, in collaboration with the AI Office.
The projects you will undertake in this position, within the Model Risk Directorate, are:

Management of the update of the Group's corporate model inventory, collaborating in expanding its scope (e.g., AI/ML models) and coordinating needs with the areas involved in the model life cycle, primarily model owners or their validators. This includes the evolution of the taxonomy associated with the inventory and the management of Gamma updates.
Generation of analysis and insights that contribute to the definition and continuous improvement of the model risk measurement framework, including the evolution of metrics such as inherent risk or the model risk rating.
Adaptation of the model governance framework to new areas such as Artificial Intelligence models, in coordination with the AI Office (CAIO).
Implementation and monitoring of Model Risk KPIs, controls, and RAF metrics, proposing changes for their evolution and implementing them. This includes the creation of dashboards for involved areas and various governing bodies.
Coordination of proposals and monitoring of action plans for Model Risk management.
Preparation of documentation for Department presentations to the Model Risk Steering Committee, Global Risk Committee, and Risk Commission.
Maintenance of the Model Risk management governance and ensuring its compliance, both at the CaixaBank and Group levels.
Collaborate in the calculation of Economic Capital for Model Risk.
Support for audits and inspection exercises.

Work location: Barcelona / Madrid
Minimum Requirements

Higher degree in Engineering, Physics, Mathematics, Law, Economics, Business Administration, or Business Studies.
Advanced use of analysis tools, data processing, and office software (Excel, Word, Powerpoint, SAS, or SQL).
Essential knowledge of Python (or a similar programming language), oriented toward data analysis and modeling.
Knowledge of data visualization tools (Qlik Sense, Looker, Power BI, etc.).

Valued:

Previous experience in risk or financial analysis fields, especially in areas of development, validation, or auditing of risk or business models.
Knowledge of the regulation and regulatory framework applicable to risk management and Solvency (ECB, EBA, etc.).
Postgraduate studies, Master's, or certifications in the financial, mathematical, or econometrics fields.
Fluent English at written and oral levels.
Knowledge of statistical modeling and/or machine learning.
Key Competencies

High analytical capacity and orientation toward solving complex problems.
Critical thinking and technical rigor in the evaluation of models and results.
Ability to work with data: structuring, exploratory analysis, extraction of insights, and documentation.
Communication and data storytelling skills, adapting messages to technical and executive audiences.
Teamwork and transversal collaboration with technical, business, and control areas.
Proactive attitude, autonomy, and initiative in identifying improvements.
Attention to detail and orientation toward quality.

What do we offer?

Be part of the most innovative bank in Western Europe 2021 according to The Innovators awards by the US magazine Global Finance.
Develop an internal professional career.
Onboarding program and professional development monitoring, with individual evaluations.
Individualized training development program. Access to our online training platform with a wide self-training catalog for continuous learning.
Attractive social benefits package: health insurance, pension plan, study aid, and preferential financial conditions.
Flexible remuneration applied to transport, training, languages, among others.
Flexibility measures.
Job profile
Compliance and Control figure responsible for managing and supervising the development and application of policies and procedures to identify, measure, analyze, and mitigate market risks, as well as reporting processes on the evaluation of controls. Establishes risk limits and hedging processes to mitigate market risk. This figure contributes to an effective market risk management structure and process and communicates the importance of risk management throughout the organization. They use their mathematical and market knowledge to develop and test market risk models that measure the potential losses the organization could suffer under a series of normal and abnormal market conditions.
Competencies
H LIQUIDITY MANAGEMENT OPTIMIZATION H COUNTERPARTY RISK H RISK ADVISORY H BANKING ENVIRONMENT REGULATIONS AND REGULATION H SECURITIES: CLIENT SECURITIES OPERATIONS H MARKET AND COMPETITION ANALYSIS H MARKET, LIQUIDITY AND INTEREST RATE RISKS H RISK ANALYSIS, PREVENTION AND MANAGEMENT S.1.1 ALLIANCES - COLLABORATION AND TRANSVERSALITY S.1.4 ALLIANCES - COMMUNICATION S.1.3 ALLIANCES - INFLUENCE H RISK MANAGEMENT SYSTEMS / TOOLS S.1.2 ALLIANCES - CUSTOMER ORIENTATION 2.1 HUMANISM - COMMUNICATION AND EMPATHY 2.2 HUMANISM - TEAM LEADERSHIP AND DEVELOPMENT / SELF-LEADERSHIP S.4.1 ANTICIPATION - ANTICIPATION AND CHANGE MANAGEMENT 3.1 EMPOWERMENT - FOCUS ON RESULTS S.5.1 DIVERSITY - PROMOTING DIVERSITY H DATA COLLECTION AND REPORTS H QUANTITATIVE TECHNIQUES AND RISK VALUATION / DESIGN AND MODELING H FINANCIAL ANALYSIS AND INDICATORS

View original advert (Spanish)

CaixaBank es un grupo financiero con un modelo de banca universal socialmente responsable con visión a largo plazo, basado en la calidad, la cercanía y la especialización, que ofrece una propuesta de valor de productos y servicios adaptada para cada segmento, asumiendo la innovación como un reto estratégico y un rasgo diferencial de su cultura, y cuyo posicionamiento líder en banca minorista en España y Portugal le permite tener un rol clave en la contribución al crecimiento económico sostenible.
¿Qué proyectos desarrollamos?
Validación y Riesgo de Modelo tiene su origen en la necesidad de disponer en la Entidad de una unidad independiente y especializada que realice de forma continua la revisión y seguimiento de los modelos internos, tal y como establece el marco regulatorio vigente.
La misión del departamento es emitir una opinión técnica sobre la adecuación de los modelos internos utilizados a efectos de gestión interna y/o de carácter regulatorio del grupo CaixaBank así como tener la visión global del riesgo que implica usar modelos para la Entidad. Para ello nos organizamos en tres equipos, la Dirección de Validación de Modelos de Riesgo de Crédito, la Dirección de Validación de R. Mercado/Operacional y Actuarial y la Dirección de Riesgo de Modelo.
La posición vacante se encuentra ubicada la Dirección de Riesgo de Modelo que tiene como misión definir, implantar y supervisar el marco de gestión del riesgo derivado del uso de modelos en el Grupo, asegurando que dicho riesgo se identifica, mide, gobierna y monitoriza de forma consistente con apetito al riesgo de la Entidad.
Además de contribuir para mejorar la metodología actual, participarás en la evolución del framework de Riesgo de Modelo hacia nuevos paradigmas por el aumento de modelos de Inteligencia Artificial (predictiva, generativa y agéntica), contribuyendo a su alineamiento con las mejores prácticas del mercado y requerimientos regulatorios, en colaboración con la Oficina IA.
Los proyectos que asumirás en la posición, dentro de la Dirección de Riesgo de Modelo, son:

Gestión de la actualización del inventario corporativo de modelos del Grupo, colaborando en la ampliación del alcance del mismo (p.ej., modelos de IA/ML) y coordinando las necesidades con las áreas involucradas en el ciclo de vida de modelo, principalmente propietarias de modelos o sus validadores. Incluye evolución de la taxonomía asociada al inventario y la gestión de evolutivos de Gamma.
Generación de análisis e insights que aporten en la definición y mejora continua del framework de medición del riesgo de modelo, incluyendo la evolución de métricas como el riesgo inherente o el model risk rating.
Adaptación del marco de gobierno de modelos a nuevos ámbitos como modelos de Inteligencia Artificial, en coordinación con la Oficina de la IA (CAIO).
Implantación y seguimiento de los KPIs, controles y métricas RAF de Riesgo de Modelo, proponiendo cambios para su evolución e implementándolos. Incluye la creación de cuadros de mando para áreas involucradas y distintos órganos de gobierno.
Coordinación de propuestas y seguimiento de los planes de acción para la gestión del Riesgo de Modelo.
Preparación de documentación para presentaciones del Departamento al Steering Committee de Riesgo de Modelo, Comité Global del Riesgo y Comisión de Riesgos.
Mantenimiento del governance de gestión del Riesgo de Modelo y aseguramiento de su cumplimiento, tanto a nivel de CaixaBank como Grupo.
Colaborar en el cálculo de Capital Económico por Riesgo de Modelo.
Soporte auditorias y ejercicios de inspección.

Lugar de trabajo: Barcelona / MadridRequisitos mínimos

Titulación superior en Ingenierías, Física, Matemáticas, Derecho, Economía, ADE o Empresariales.
Utilización a nivel avanzado de herramientas de análisis, tratamiento de datos y ofimática (Excel, Word, Powerpoint, SAS o SQL).
Conocimiento indispensable de Pyhton (o lenguaje de programación similar), orientado a análisis de datos y modelización
Conocimiento de herramientas de visualización de datos (Qlik Sense, Looker, Power BI, etc.).

Se valorará:

Experiencia previa en los ámbitos de riesgos o análisis financiero, especialmente en áreas de desarrollo, validación o auditoría de modelos de riesgo o de negocio.
Conocimiento de la regulación y del marco normativo que aplica a la gestión de riesgos y Solvencia (ECB, EBA, etc.)
Estudios de Postgrado, Máster o certificaciones en el ámbito financiero, matemático o econometría.
Inglés fluido a nivel escrito y oral.
Conocimiento de modelización estadística y/o machine learning
Competencias clave

Alta capacidad analítica y orientación a la resolución de problemas complejos
Pensamiento crítico y rigor técnico en la evaluación de modelos y resultados
Capacidad de trabajo con datos: estructuración, análisis exploratorio, extracción de insights y documentación
Capacidad de comunicación y data storytelling, adaptando mensajes a audiencias técnicas y ejecutivas
Trabajo en equipo y colaboración transversal con áreas técnicas, de negocio y control
Actitud proactiva, autonomía e iniciativa en la identificación de mejoras
Atención al detalle y orientación a la calidad.