Model Risk Validator

Company Description

Natixis in Portugal is fully integrated in the global organization of Natixis, a French multinational financial services firm specialized in Asset & Wealth Management, Corporate & Investment Banking, Insurance and Payments. A subsidiary of Groupe BPCE, Natixis counts nearly 16.000 employees across 38 countries.

Based in Porto, Natixis Centre of Expertise mission is to transform traditional banking by developing innovative solutions for the bank’s business, operations and work culture worldwide, as a key driver of the company’s culture of agility and innovation. Teams of IT and Banking Support Activities work in an integrated, inclusive and transversal way, supporting all the business lines and country platforms.

Natixis in Portugal is the best combination of a “start-up mindset” with a large, solid structure. Its unique culture gives true meaning to a “beyond banking” personality: to be a real entrepreneur, self-challenging, ever striving to excel and go that extra mile.

Job Description

Experienced Quantitative Analyst to join the CUSO Model Validation team within Model Risk Management (MRM). The MRM Group within the Risk Department (Model Risk & Risk Governance) is responsible for Model Validation, Model Risk Assessment, and Model Risk Management for Natixis’ Group.  

He/she/they will be responsible for conducting independent validation of various types of models used across the company to assess and quantify model risk. 

Essential duties and responsibilities 

• The Model Risk Validator will be coordinating and conducting model validation processes and monitoring in adherence with internal policies, procedures, and regulatory guidelines. 

• This role will work cross-functionally within the organization including collaboration with business lines as well as key integral support units. 

• The validation work encompasses evaluating the models based on various aspects including model data, parameters, design and methodology, implementation, and model documentation. 

• The Model Risk Validator will be responsible to organize the overall validation process for each topic and to present the outcome of the validations to Committees and to track the remediation that might arise from this work. 

Qualifications

• Masters or PhD in economics, statistics, finance, physics, mathematics, or other quantitative fields.  
• Minimum 2/3 years of experience in model validation, model development, quantitative research, or quantitative audit. 
• Fluency in English (mandatory)
• Experience with developing or validating models - Pricing models and Risk models (Stress Testing models, IMM/EEPE and IMA models). 
• Effective written and verbal communication skills. 
• Ability to interact and work closely with business stakeholders at all levels of seniority. 
• Ability to work effectively in a team environment. 
• Ability to effectively handle a fast-paced environment and successfully meet established deadline requirements. 
• Self-motivated with the ability to work independently. 
• Proficiency in Microsoft Office 
• Advanced Programming skills (C/C+, C#, Python, SQL, VBA, R, MATLAB…) 

We will only consider English Cv's.

Additional Information

At Natixis, we are committed to fostering a working environment where each and every one of our people is treated with dignity and respect and where every voice is heard. Our differences make us collectively stronger and are a source of fulfilment, innovation and performance.

In the framework of its Diversity, Equity & Inclusion policy, Natixis in Portugal has implemented a Blind CV Screening process, with the purpose of reducing hiring bias. A blind CV excludes any personal details which refer to the applicant’s gender, age or ethnicity. When applying for our positions, please submit a blind CV, that is, with no picture, name, gender, age, nationality, ethnicity and address. Your personal statement, work experience, courses and certifications, education, skills and contact information is what matters to us.

#MuchMoreThanJustAJob

Early morning. Campo 24 de Agosto. In 4 minutes, you are clocking in at the office. After grabbing a cup of coffee and fresh fruit, pick up your laptop and choose your spot for the day. It's going to be a busy one: French class before lunch and, just after, quick medical appointment at Natixis doctor's office.

Lunch break. Outside in the big terrace (look at your crops at the Urban Garden; ready to harvest!) or, if you feel like stretching your legs, walk downtown to grab lunch.

Back inside. Quick sprint review (working together anywhere means virtual happy birthday to that colleague in Paris that just turned 35). The afternoon went flying (tasks, reports, calls, some jokes with your teammates). End it on a high note: just one PlayStation game or the final match for that ping-pong tournament.

Tomorrow, you complete that certified technical training and the day after, you will work from home, taking advantage to finally do that online course on Udemy. Once you are done with your tasks for the day, you can visit the office for a board games session or show up at the rehearsal of one of Natixis bands. If that is too steady for you, meet your colleagues to surf some waves or join them in a football match.