Quantitative Models Analyst Trainee

**About the job**

RISK Market & Financial Institutions (“MFI”) provides the Senior Management of the Group, of the RISK Function and of Corporate & Institutional Banking (“CIB”) with full transparency and dynamic analysis and monitoring of market, counterparty, liquidity risks originated and managed by CIB GM and of credit risks on Financial Institutions to assist them in their risk decision making and monitoring.

The RISK MFI Valuation Model Risk Team is the RISK team responsible for the second line of defence on valuation models within Global Markets. This therefore includes independent review and control of all models used for the generation of official daily P&L and risks. The team furthermore acts as a centre of quantitative expertise within RISK MFI.

**Your Main Activities Are**

Develop, maintain alternative/challenger models on Rates and FX asset classes in a dedicated library.

Develop an understanding of the interaction between the models, the market, the products.

Develop knowledge of BNP Paribas internal systems (risks monitoring, booking system, etc.)

Contribute to the development of IT tools and model performance metrics defined by other team members.

Provides support to senior quantitative analysts within the team in the preparation of meetings, committees, or ad-hoc analysis.

Collaborate with other team members of RISK MFI VMR to achieve the goals of the organization on automation, regulatory topics or risk management.

**Profile and Skills to Success**

Strong quantitative skills (mathematics, statistics, probability)

Programming ability (in any of the following languages: Python, C++, C, Java)

Ability to express oral and written message effectively in a clear, structured, accurate and concise manner, based on facts

Motivation to collaborate and share ideas and knowledge with team member

Active in suggesting ideas and improvements and demonstrating curiosity. Open to new technologies

Ability to ensure the precision, accuracy and thoroughness of the information manipulated or delivered.

Useful to have foundational knowledge of quantitative finance, options pricing and derivatives (products and markets)

Experience in data analysis tools (e.g. Python, R, Excel)

English Fluency

LI-Hybrid

**Why joining BNP Paribas?**
- ** Leading banking institution**

BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.
- ** Our presence in Portugal**

In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.
- ** 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 of the Group’s retail activities and specialised business lines;

**Investment & Protection Services**that include specialised businesses offering a wide range of savings, investment and protection services;

**Corporate & Institutional Banking**division that offers tailored financial solutions for corporate and institutional clients.
- ** Diversity and Inclusion commitment**
- ** Commitment towards work/life balance**

At BNP Paribas we care about our employees wellbeing 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 be disconnected from work to recharge both physically and mentally. Only through this balance we may 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.

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- In case you are selected for this role, further documentation will be requested to support your hiring process.