The position at a glance

RISK Independent Review & Control (RISK IRC) is a special unit within the RISK organization and reports directly to the Group CRO. The independent review arm of the department provides second line of defense for the use of various types of models and, accordingly, is in charge of model risk management. RISK IRC is composed of a Model Governance team and several Model Validation groups. The Model Validation groups are responsible for performing an independent effective challenge of the modelling choices in accordance with internal policies, procedures, and standards under different regulations, such as the Federal Reserve Board letter SR26-2. In addition, RISK IRC participate to validation projects for the BNP Paribas Group based in Europe.

In detail

• Conduct independent quantitative reviews of the models used within BNP Paribas in accordance with internal standards and regulatory guidance.
• Conduct assessment of trade surveillance controls by sampling, providing overall ratings and analytics.
• Provide challenge of conceptual soundness, reasonableness of model output, implementation and any other relevant modelling aspects impacting fit-for-use.
• Work with validation managers to develop an appropriate validation plan to provide effective challenge commensurate with the level of model risk.
• Work closely with stakeholders in Trade Surveillance stream - as well as with vendors - to help BNPP be compliant with model validation requirements in all the areas we service.
• Prepare and present written information in a clear, concise, grammatically correct, and convincing manner; distribute reports to senior management detailing risk assessment and concerns.
• Identify and provide suggestions to enhance surveillance control framework and/or assessment of controls methodology.
• Achieve objectives within tight time constraints while balancing competing priorities.

The strengths and skills that will help you succeed

Minimum Required Qualifications

• Bachelor's or Master's degree in Finance, Economics, Statistics or any other related quantitative field.
• 5+ years of experience in development, testing or implementation of scenarios related to trade surveillance compliance.
• Attention to detail and ability to manage multiple undertakings simultaneously and with different level of granularity, with a focus on priorities and deadlines.
• Excellent communication and synthesis skills in addition to critical thinking capabilities and passion for learning.
• Experience producing high quality written technical documentation for regulatory purposes.
• General knowledge of banking and broker-dealer regulations.
• Knowledge of the English language.*

Preferred Qualifications:

In addition to the minimum requirements, it is desirable for the candidate to be able to demonstrate:

• Knowledge of the regulatory requirements (such as 26-2, Basel, etc.).
• Programming experience in statistical or mathematical languages such as Python, R or SAS.
• Professional certification such as CFA, FRM.

• Audit experience.
• Exposure to trading desks, electronic trading market and securities industry.
• Strong knowledge of US banking regulations (e.g. SEC, CFTC and exchanges) and associations under such federal agencies, including FINRA, NYSE, CBOE, ISE, CME, NYMEX and ICE US.

• Quantitative and statistical knowledge of AI and ML techniques, predictive modeling, statistical inference and probability, clustering, etc.
• Familiarity with US trading platforms (NTS).
• Knowledge of financial products (Fixed income, Equity derivatives, commodities, etc.).
• Familiarity with OCC/NYDFS standards or other similar regulatory requirements globally.

*Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Professional working proficiency in French and English languages are required.

What's in it for you

Alongside a competitive compensation, we provide a comprehensive suite of flexible benefits designed to support your health, wellbeing, and long-term success:

Health & Wellness A menu of flexible options for you and your family, including a 24/7 telemedicine service.

Mental-Health Support Up to $5,000 per year for sessions with mental-health practitioners, plus unlimited access through our Employee Assistance Program.

Financial Benefits A defined-contribution pension plan and a range of additional financial perks.

Paid Volunteering Days Take time off to give back to the community.

Learning & Development Access to high-quality training, personal-development programs, and clear pathways for internal career progression across our global organization.

Work-place flexibility - Hybrid work is available for most roles. You'll be required in the office at least three days per week, with one of those days being either a Monday or a Friday.

To find out more about our range of benefits, click hre

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

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