Quantitative Risk Analyst - ERM

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.

Natixis in Portugal is part of the Global Financial Services division, where it applies technology for the development of financial expertise in its two global business lines – Corporate & Investment Banking and Asset & Wealth Management – and, transversally, for the entities of Groupe BPCE.

The Centre of Expertise, based in Porto, currently has more than 2,400 employees from over 30 nationalities, organised in three main departments: Information Technology, Banking Support Activities and Compliance. These teams work in an integrated, inclusive and transversal way, supporting and creating value for all the business lines and platforms of the group. The project in Porto is one of the biggest investments in Human Resources ever made by Groupe BPCE worldwide.

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.

In 2024, Top Employers Institute has awarded Natixis in Portugal the Top Employer Portugal accreditation for the second time. This certification recognizes excellence in people practices, following the example of our head office, in France, who was certified Top Employer France for the eight year in a row.

Team presentation and main goal:

Within the Risk Management department, the "Enterprise Risk Management" (ERM) team is responsible for defining and developing all risk models, including:

• Market, Credit, Counterparty, and Operational Risks
• IFRS9 Provisions
• Fair Value Adjustments and AVA
• Stress Tests
• Economic Capital

Main tasks and goals:

As a Quantitative Risk Analyst, you will be tasked with monitoring the performance of risk measurement methodologies and models (Credit, Market, and Counterparty) in a dynamic international environment, fostering constant exchanges with Risk Experts and the Front Office.

In your daily responsibilities, you will be required to:

• Monitor the performance of internal models in compliance with procedures established by ERM Paris and supervisory guidelines.
• Optimize analysis tools and methods to ensure increased efficiency in model monitoring, particularly through regular backtesting exercises.
• Present performance monitoring results during model oversight committees (Model Ongoing Monitoring) both within GFS and at the BPCE Group level.
• Ensure the updating of procedures and coordinate the review of backtesting results with Validation teams, in collaboration with quantitative analysts based in Paris.
• Perform necessary calibrations following the conclusions of backtesting exercises.

You will work in an international environment, within a community of experts who prioritize excellence, impact, and collective action in everything they undertake.

• Higher education degree (Master's/PhD or equivalent) in statistics and mathematics; engineering school or equivalent university with a specialization in Data Science)
• +2 of Experience in Risk ( focusing on technical and regulatory aspects in the banking sector - preferably in Investment Banking) and/or consulting.
• Advanced knowledge of Mathematics, statistics, and econometrics, complemented by excellent knowledge of SAS, Python, and C++ (will be a plus)
• Fluency in English (mandatory)
• Knowledge of banking operations (such as financing products or market products)
• Knowledge of Regulatory requirements (EBA guidelines, CRR3, CRR4, etc.)
• Advanced knowledge of Excel; Power BI; Pivot
• Strong analytical skills, rigor, excellent written and oral presentation abilities, and autonomy
• Great interpersonal skills that facilitate communication and presentation of work results to decision-makers, along with strong listening abilities

We will only consider English CV's.

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.