Trainee MRM

Natixis Corporate & Investment Banking; Hong Kong; On-site; HKD 700,000 - 1,100,000; Full time

Job summary

Natixis Corporate & Investment Banking in APAC is expanding its Model Risk Management team in Hong Kong. The Quantitative Analyst will validate risk and valuation models across Natixis, focusing on AI models, and maintain the APAC model risk inventory under the Head of APAC MRM.

The role requires strong programming in C++, VBA, R, Python; solid foundation in Economics/Mathematics/Statistics; and excellent communication.

Qualifications

• Proficiency in programming languages: C++, VBA XL, R, Python.
• Economics, Mathematics, Quantitative discipline or Statistics.
• Strong organizational and analytical skills is a must.
• Excellent written and verbal communication skills.
• Ability to interact and work closely with business stakeholders at all levels of seniority.
• Ability to effectively handle a fast-paced environment and successfully meet established deadline requirements
• Self-motivated with the ability to work independently

Responsibilities

• Assist in the development, implementation, and maintenance of a robust model risk governance framework.
• Assist and participate in Model validation, with a focus on AI models
• Assist in and participate in model validation processes by designing, implementing, and maintaining dedicated quantitative IT tools and automated workflows to strengthen the governance framework.
• Support and scale wider model governance activities across Natixis by actively promoting "no-code/low-code" automation, piloting emerging technology solutions, and integrating data-driven tools into daily operational workflows.
• Ensure Digital Alignment and Compliance with MRM Policies.
• Assist and participate in governance framework implementation.
• Liaison with LOD1 on controls around model development, implementation, model use, and ongoing monitoring.
• Assist in the development of the pricing library

Skills

C++

VBA

R

Python

Quantitative discipline

Mathematics

Statistics

Organizational skills

Communication skills

Stakeholder management

Deadline-driven

Independent work

Education

Economics, Mathematics, Quantitative discipline or Statistics

Job description

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.

Our teams of experts in close to 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.

As part of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor's: A+, Moody's: A2, Fitch: A+, R&I: A+).

In APAC, a Model Risk Management (MRM) team is being established and whose responsibility is to actively participate in the model validation and to work on the development of the MRM governance framework for the platform based on the global MRM policy and procedures.

The Quantitative Analyst in APAC will be responsible for validating models across Natixis and maintain the APAC inventory.

The scope of this role mainly covers risk and valuation model validation consistently with MRM processes and procedures.

She/he will report directly to the Head of the APAC Model Risk Management.

As part of a global model risk management, the qualitative analyst in APAC must ensure

• good communication with the LoD1 and the MRM team globally
• good implementation of the MRM governance framework
• the adequacy of the model(s) with the payoff from a valuation and hedging perspective
• a clear and concise documentation of her/his work review

Main Responsibilities:

His/her/their responsibilities will include but are not limited to:

• Assist in the development, implementation, and maintenance of a robust model risk governance framework.
• Assist and participate in Model validation, with a focus on AI models
• Assist in and participate in model validation processes by designing, implementing, and maintaining dedicated quantitative IT tools and automated workflows to strengthen the governance framework.
• Support and scale wider model governance activities across Natixis by actively promoting "no-code/low-code" automation, piloting emerging technology solutions, and integrating data-driven tools into daily operational workflows.
• Ensure Digital Alignment and Compliance with MRM Policies.
• Assist and participate in governance framework implementation.
• Liaison with LOD1 on controls around model development, implementation, model use, and ongoing monitoring.
• Assist in the development of the pricing library

Required Skills:

• Proficiency in programming languages: C++, VBA XL, R, Python
• Economics, Mathematics, Quantitative discipline or Statistics.
• Strong organizational and analytical skills is a must.
• Excellent written and verbal communication skills.
• Ability to interact and work closely with business stakeholders at all levels of seniority.
• Ability to effectively handle a fast-paced environment and successfully meet established deadline requirements
• Self-motivated with the ability to work independently