Internal Models Portfolio Strategist – Credit Risk

BNP PARIBAS IN A FEW WORDS

BNP Paribas is the leading bank in the European Union. BNP Paribas has a presence in 60+ countries, with close to 190,000 employees.

The Group supports all its customers – individuals, associations, entrepreneurs, (Medium and Large Corporates), institutions and Sovereigns – in the success of their projects through its financing, investment, savings and protection solutions.

BNP Paribas holds key positions in its three operating divisions:

• Commercial, Personal Banking & Services division brings together all of the Group’s retail activities and specialized business lines
• Investment & Protection Services includes specialized businesses offering a wide range of savings, investment and protection services
• Corporate & Institutional Banking division offers tailored financial solutions for corporate and institutional clients

Our diversified and integrated model fosters close collaboration between our businesses that work towards a shared goal: to be at the service of our clients and the world we live in.

WHY SHOULD YOU CHOOSE BNP PARIBAS FOR THE NEXT STEP IN YOUR CAREER?

Because you want…

• Interesting assignments / New professional challenges. Careers at BNP Paribas are constantly evolving. That’s why we help you develop new skills through lifelong learning, regardless of your career so far.
• To join a solid Group with ambition. The BNP Paribas Group has an enviable reputation for stability and the excellence of our businesses. But for us, the future is about more than just performance; it’s about shared commitments.
• An attractive salary and benefits. We make sure that we pay you the fairest salary possible. But it’s not just the salary that counts :you’ll also enjoy many employee benefits and a healthy work-life balance.

YOUR TEAM

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, MS4U (Model & Simulation for you) is a cross-functional team (400+ teammates), located in 10 countries and designed to provide integrated, end-to-end modelling and simulations capability. MS4U is the backbone of the Group’s future RISK modelling ecosystem. It strengthens our capacity to manage growing complexity, anticipate emerging risks, meet increasing regulatory expectations, and provide RISK, the Businesses and Finance & Strategy with the critical insights needed to make informed decisions. MS4U is structured around five pillars: Produce, Advise, Steer, Model , Remind (Research, Memory and Intelligence of Data).

The Advise Pillar (15+ teammates) ensures Regulatory watch (Regulation anticipation, analysis and advocacy), supports the Top Management when designing modelling strategies and provides quantitative insights to be embedded in decision-making.

Advise – Model portfolio analysis and Strategy  (‘MOMA’) in particular:

• 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  very large/transversal transformation programmes to prepare the Bank to CRR3 (“Basel 4”) or align the model portfolio to Regulatory Guidelines (“IRB Repair”) and even more recently, the PROUD Programme that supports a strategic decision which is the regulatory approach (Internal Rating Based Approaches -‘IRBA’ vs Standardized Approaches) (see below). The first two programmes are pluriannual and mobilize 100+ people in different divisions
• ensures that new models are swiftly implemented and inserted in credit risk processes

Integrating Advise – Model portfolio analysis and Strategy  (‘MOMA’) gives you a lot of visibility and responsibilities.

YOUR MISSIONS 

You will join the PPU Roll‑Out Decision team, a strategic workforce at the heart of BNPP’s credit risk framework. The team plays a key role in shaping regulatory approach decisions across the credit risk perimeter, ensuring the right balance between internal models and standardized approaches in a constantly evolving regulatory environment.

Your mission is to structure, steer, and industrialize regulatory approach decision‑making, with a direct impact on capital requirements, modelling strategy, and the Bank’s long‑term roadmap.

More specifically, you will:

• Design and formalize a robust and transparent framework for regulatory approach selection (internal models vs. standardized approach)
• Translate key CRR concepts, such as Exposure Type, into operational decision drivers supporting regulatory justification
• Industrialize regulatory approach management within BNPP IT systems to enhance data quality, reduce operational risk, and strengthen governance

You will work in close collaboration with Finance, Risk, and Capital Management teams, and actively contribute to strategic discussions with CFOs and CROs. Through this transversal role, you will benefit from top‑level visibility and contribute to decisions shaping the 5‑year modelling roadmap of the Group.

YOUR KEY RESPONSIBILITIES

On a day‑to‑day basis, you will:

• Produce and maintain the Bank’s credit risk cartography, mapping exposures to their regulatory approaches
  • Analyze credit risk databases
  • Deliver and explain the PPU Roll‑Out Matrix, a cornerstone of regulatory approach monitoring
• Ensure the robustness of this Matrix
  • Perform controls and consistency checks
  • Analyze and explain changes in regulatory approach, EAD, and RWA
  • Interact with Business Lines
• Support the annual credit risk portfolio review
  • Actively contribute to the yearly regulatory approach assignment process
  • Engage with Business Line CFOs and CROs to support informed decision‑making
• Contribute to the definition of the 5‑year modelling strategy, working with all relevant stakeholders across Risk, Finance, IT, and Governance
• Drive continuous improvement initiatives
  • Support industrialization and automation projects
  • Participate in remediation actions and process enhancements
  • Identify and address operational and data quality improvement needs
• Interact with other MS4U Pilars

This position offers a unique combination of strategic influence, transversal exposure, and technical depth. You will sit at the crossroads of regulation, modelling strategy, capital management, and IT transformation, playing a key role in how BNPP manages credit risk and regulatory capital over the long term.

EXPERTISE AND SKILLS

Business skills:

1. Data Processing – with Excel/SAS/Python (Expert)
2. Data Visualization – with Excel/Python/R/Power BI/Tableau (Expert)
3. Credit risk modelling (Proficient)
4. Capital Requirement related Regulatory environment (Proficient)
5. Relationship management with Supervisors (Proficient)

Transversal skills:

1. Ability to create relevant indicators and to inspire others & generate people’s commitment (Proficient)
2. Analytical Ability (Proficient)
3. Ability to manage/facilitate a meeting, committee … (Proficient)
4. Ability to explain technical topics in simple terms (Proficient)
5. Ability to develop and adapt a process (Proficient)

Behavioral skills:

1. Ability to collaborate/Teamwork
2. Communication Skills – Oral & Written
3. Adaptability/Autonomy
4. Attention to Detail/Rigour
5. Curious

PROFILE

Graduated from at least a master’s degree with a specialization in finance, risk, data science, statistics or economics

ABOUT THE JOB

 The Stress Testing Data Analytics (STDA) team belongs to the Produce Pillar of MS4U department. The MS4U department focuses on several key missions: developing models (pillar 1 and pillar 2), conducting backtestings and simulation activities, producing regulatory stress testing exercises (EBA, ECB), supporting ICAAP and budget exercises, generating IFRS9 ECL reports, preparing regulatory reporting (including climate risk, NPL, benchmarking RWA/IFRS9), and performing local stress tests.

The STDA team consists of data engineers and project managers working within the scope of credit risk and securitization. STDA collects, analyzes, reconciles, and builds databases to ensure the success of these exercises.

 The team works in a Big Data environment. Dataiku V14 streamlines collaborative development (in SQL, Pyspark) by allowing multiple team members to design, test, and deploy data workflows, while Power BI enables sharing actionable insights across departments.

 The team works in partnership with the IT department on the platform. They support the team on a daily-basis and help with back-end big data engineering support and maintenance.

 In this role, you will join the team dedicated to credit risk. Your primary responsibility will be to handle big data, perform data quality assessments, analyze risk parameters across multiple dimensions, report relevant insights based on data analysis and prepare the databases used for the projection of credit risk parameters.

 YOUR MAIN ACTIVITIES ARE

 * Perform data collection and build/maintain reliable data transformation pipelines
 * Work on data ingestion, data quality, data preparation, data cleaning and data analysis
 * Automate, optimize and document the data preparation processes
 * Develop dynamic Dashboards to report on the most relevant and frequent business topics
 * Work closely with data providers and clients to get technical and business requirements 
 * Specific contributions to regulatory and internal stress testing exercises

 PROFILE AND SKILLS TO SUCCESS

 * Strong academic background, with a master’s degree
 * Relevant experience in data related roles including analysis, engineering, visualization

 * Technical Skills:
 * Significant experience in data exploration and data preparation
 * Proven record in SQL
 * Experience with Python programming language is a must

 * Knowledge of Risk Management principles is a plus
 * Strong interest in data management and functional content of the stress test data
* Ability to work with tight deadlines and multidisciplinary teams
 * Be a team player
 * Good organization to follow-up multiple topics
 * Reliability and sense of precision
 * Good communication skills, both written and verbal
 * Languages: English

 ABOUT THE TEAM

The team named MS4U, for Models & Simulations for You; which is a cross-functional platform, designed to provide integrated, end-to-end modelling and simulations capability. It unites RISK M&R (Models & Regulatory), STFS (Stress Testing & Financial Simulations), quant teams from RISK CPBS, RISK ESG (modelling), and other modelling competence centres, creating a shared, coherent, Group-wide modelling ecosystem.

 By joining MS4U team, you will be part of a dynamic, talented and expert team with an international reach. 

 WHY JOINING BNP PARIBAS?

 Leading banking institution

 BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe’s banking history. It has a presence in 65 countries, with around 190 000 Employees – including more than 145 000 in Europe.

 International reach

 Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions:
 * Retail banking, a division that brings together all the Group’s retail activities and specialized business lines;
 * Investment & protection services that include specialized businesses offering a wide range of savings, investment and protection services;
 * Corporate & institutional banking division offers tailored financial solutions for corporate and institutional clients.

 Diversity and Inclusion commitment

BNP Paribas 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 on the society we live in, while keeping with the image of our clients.

 Commitment towards work/life balance

 At BNP Paribas we care about our employees’ well-being and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to being disconnected from work to recharge both physically and mentally. Only through this balance may we all be at our best while working.

 Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices….Less