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Vice President – Model Validator
BNP Paribas
New York, NY, United States
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About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
www.cib.bnpparibas.com
Business Overview:
The Intermediate Holding Company (“IHC”) program structured at the U.S. level across poles of activities of BNP Paribas provides guidance, supports the analysis, impact assessment and drives adjustments of the U.S. platform’s operating model due to the drastic changes introduced by the Enhanced Prudential Standards (“EPS”) for Foreign Banking Organizations (“FBOs”) finalized by the Federal Reserve in February 2014, implementing Section 165 of U.S. Dodd-Frank Act.
Responsibilities:
• The position requires ability in doing sophisticated quantitative analyses and producing audit worthy reports.
• The person is required to have a critical thinking mindset to assess the overall adequacy of both IHC developed models – including for example PPNR and the liquidity stress testing models - to identify all aspects that may require further investigation.
• The person shall use and develop an internal toolkit for assessing and challenging the hypothesis and/or models behind the applied and proposed methodologies, stress testing and projections.
• The person is detail oriented and well-disciplined in tracking model validation status and maintain the model inventory status up to date.
Minimum Qualifications:
The position requires a combination of various soft and hard skills. The following education or equivalent experience is required to fulfill the position:
• Master’s or higher degree, in quantitative field required
• Experience in statistical modeling and data analysis
• Model governance framework, model documentation, model inventory, performance monitoring, and process mapping.
• Comprehensive experience and expertise in the interpretation and implementation of SR 11-7, Supervisory Guidance on Model Risk Management.
Preferred Qualifications
• Experience with programming and/or statistical computing software (such as R, SAS, MATLAB, C++ and Python).
• Basic knowledge of CIB products, processes, and business practices.
• Good skills in both verbal and written communications
• Ability to:
◦ Comprehensively document model validation process and findings.
◦ Effectively summarize and present validation findings to senior management.
FINRA Registrations:
• Not required