Credit Risk Model Validation | Risk

Natixis in Portugal is a Centre of Expertise whose mission is to transform traditional banking by developing innovative solutions for the business, operations and work culture of Groupe BPCE worldwide. 

As part of Groupe BPCE’s international division, Natixis in Portugal designs and delivers solutions for its two core areas – Corporate & Investment Banking and Asset & Wealth Management – as well as transversal services that support all entities across the Group. 

With more than 3,000 employees representing 46 nationalities, the teams work across Information Technology, Banking Support Activities, and Compliance, in an integrated, inclusive, and cross-functional way, supporting all business lines and platforms of the Group. 

A disruptive mindset and a culture of proximity and agility identify Natixis in Portugal Team and reflect the company's mission to transform traditional banking at a global scale: a perfect match in the Portuguese dynamics and entrepreneurial ecosystem.

Within the Model Risk Management (MRM) department the Credit Risk & Non-Financial Model Validation teams are organized into four teams: Regulatory Credit Risk & Scoring Model Validation, IFRS9 and Credit Stress Test Model Validation, ALM Model Validation, and Compliance & Non-Financial Risk Model Validation. The Regulatory Credit Risk & Scoring Model Validation team is looking for a Quantitative Analyst to validate models for IRB credit model validation. 

The collaborator will be tasked with validating models in the Non Retail Credit Risk Model Validation domain. The responsibilities associated with this validation process include:

• Evaluating the risk dimensions of models (including data, methodology, performance, monitoring, usage, and documentation);
• Preparing a validation report and presenting findings to the validation committee;
• Monitoring the implementation of recommendations designed to enhance the models;
• Conducting oversight of regulatory and methodological developments. 

• Master's degree in a quantitative field.
• Prior experience, at least 3 years, in credit risk modeling or validation within the banking sector is necessary.
• Familiarity with the regulatory landscape and texts related to risks including (NDOD, Basel IV, EBA Guidelines, CRR/CRD, Collateral eligibility, ECB Guide to Internal Models);
• Understanding of modeling techniques (including statistics, economics, machine learning algorithms, etc.);
• Expertise in programming languages such as Python, SQL, and R;
• Expertise in Microsoft Office applications (Excel, PowerPoint, Word);
• Excellent writing skills and capacity for synthesizing complex information;
• Advanced written and spoken English and French as a plus.

Soft Skills: 

• Ability to work independently;
• Attention to detail;
• Proactive mindset;
• Excellent interpersonal communication;
• Competence in written communication.

We will only consider English Cv's.

Our workplace reflects the vibrant spirit of our locations, with initiatives such as a Green Transportation Budget, electric bikes and a flexible Hybrid Work Policy. We promote wellbeing through the Honolulu Wellness Club, a Prayer Room, a Lactation Room, and themed Villages that inspire creativity and collaboration. Through our ESG and DEI strategies, we are committed to being inclusive, caring, and fair, ensuring every voice is heard and valued.