RISK Model Validation Intern (May – August 2021)

Job description

At BNP Paribas Canada, it is our employees, which make the difference... Our 75 nationalities are part of our diversity!

Do you like challenges, a structured framework, the prospect of optimizing and innovating? You are known for your originality and want a certain freedom to think while sharing your knowledge and ideas?

... Come help us contribute to the growth of our Canadian platform!

This summer, BNP Paribas Canada opens its doors to you for a paid Summer Internship from May to August 2021.

During that time, the intern will benefit from a program composed of several corporate events, including a welcoming session, training and presentation to Management.

We are looking for a RISK Model Validation Intern within our Independent Review and Control team.

ABOUT THE DEPARTMENT

The RISK function of BNP Paribas constitutes the Second Line of Defense of the Bank. It aims at independently reviewing, assessing, challenging and communicating on the level of risk generated by the various business lines and activities within the Group. Hence, RISK both protects and serves the bank by acting as a key contributor to its long-term development.

RISK Mission Statements:

· To advise the Bank’s Management on risk appetite definition
· To contribute as an objective “second pair of eyes” that risks taken on by the Bank align with its policies
· To report and alert Bank Management of the status of risks to which the Bank is exposed
· To contribute to the development and growth of the risk culture within the Group

The main mandate of the newly created RISK Shared-Service platform in Canada is to support and deliver high-quality services to the U.S. RISK teams.

RISK IRC is the team within the Risk Management Department responsible for model vetting, validation, and model risk management for models used throughout the Americas. In joining this amazing team, you will have the opportunity for broad exposure to the diverse collection of financial, retail, AI, and ML models.

The Canadian RISK platform was created early 2020 and therefore the intern will join a new and dynamic team, exposed to a vast range of different tasks and projects, as expected for a recently created organization.

SUMMARY OF THE ROLE

If you are interested in gaining exposure to mathematical models used in finance, adding value to a TOP 10 global organization, and gaining some real-life experience in financial models, BNP Paribas is looking for a candidate to help develop its Montreal platform by joining a team of seasoned quants to review models used across the organization.

Who we are looking for? People with great technical and people skills, a keen interest in financial modelling, and a strong desire to learn model risk management best practices.

Why it matters: Quantitative and qualitative models used in investment, retail and wholesale banking operations support and underlie many of the most important processes of the decision-making functions. Our team works closely with model developers along with other key stakeholders to ensure that all models are working as expected. Model validation activity is a key component the risk management activity.

This position reports to the Manager of RISK IRC Canada.

MAIN RESPONSIBILITIES

Support RISK IRC mandate:
- Assist model risk managers in reviewing the quantitative models used at the Bank
- Participate in the digital transformation of risk management process
- Use data and AI/ML techniques to automate model development and selection
- Ad-hoc projects or special assignments

Desired profile

Qualifications :

KEY SKILLS AND QUALIFICATIONS

TRAINING AND OCCUPATIONAL EXPERIENCE

·  Pursuing a Master’s degree (2nd cycle)

ESSENTIAL SPECIFIC REQUIREMENTS

·  Proficiency in Microsoft Office (Excel, PowerPoint, and Word. Power BI is a plus).
·  Good organizational and interpersonal skills
·  Attention to detail and the ability to work with a distributed multinational and multicultural teams
·  Good communication skills
·  Development tools and languages (SAS, Python, VBA, R, etc.)

SKILLS AND BEHAVIOURS

·  Team-player individual (This is what we look first)
·  Learning mindset
·  Ability to understand complex relationships
·  Prioritization of tasks/organization and ability to multi-task

About BNP Paribas

With more than 200,000 employees in 72 countries, the Group serves nearly 32 million individual customers and 850,000 professionals, entrepreneurs, SMEs and large companies. BNP Paribas is a leading bank in the euro zone and a leading international banking player.

Did you know? In 2019, BNP Paribas named World’s Best Bank for Corporate Responsibility 2019

About BNP Paribas in Canada

With more than 900 employees, BNP Paribas Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.

A recruitment policy that promotes equality and diversity:

BNP Paribas is an equal opportunity employer. BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, color, national origin, sex, disability, age, and other protected status (Employment Equity Act).

Part of BNP Paribas dedication to diversity, multiculturalism and inclusion is clearly reflected on how we believe and live diversity and inclusion all together. As such, one of BNP Paribas’ initiatives is hosting Employee Resource Groups (ERGs) which are focused on equality of gender, sexual orientation and learning from other cultures.

We can assist with access to job offers for people with disabilities who may be unable to use our career site - please contact us by email canada_recrutement@ca.bnpparibas.com or by phone on 514-285-6000

Want to know more about the BNP Paribas Group?

https://group.bnpparibas/en/group

** Only selected applications that meet the requirements of the role will be contacted **