Willing to push the boundaries with us for a more sustainable world?
Inspection Générale Hub Brussels, Factor (IG HBF) is the internal audit department of BNP Paribas Fortis and part of the global Inspection Générale (IG) function of BNP Paribas. It plays a key role in the corporate governance of BNP Paribas Fortis and BNP Paribas Group.
IG HBF provides professional and independent assurance to support the achievement of the objectives of the bank and other entities of BNP Paribas. It evaluates the effectiveness of governance, risk management and control processes and recommends solutions for optimising them. It is mainly active in Belgium, the Netherlands, Denmark, Norway, Sweden and Finland and sometimes even in other locations of BNP Paribas elsewhere in the world.
What’s in it for you?
We are looking for an audit expert for the periodic review of BNP Paribas Fortis internal models on credit risk and its operations, in accordance with article 191 of the Capital Requirements Regulation (CRR).
As an audit expert for internal models, you will play a pivotal role in shaping our bank’s compliance with CRR3 and IRB model excellence. You will furthermore contribute to the implementation of the IG HBF strategy, participate in the coordination of the audit processes for the activities in scope, allowing the provision of reasonable assurance to major stakeholders and manage and coach a team of auditors when performing a head of assignment role.
You will work in a challenging BNP Paribas–wide environment where you can create an added value by:
- contributing to the development and implementation of the risk-based multi-year / annual audit plan related to internal models, based on a systematic risk assessment;
- leading audit assignments as a Head of Assignment or participating in audit assignments and consolidating the results in qualitative reporting to IG HBF stakeholders, allowing them to improve risk mitigation;
- performing other internal audit tasks related to the internal models’ scope (e.g. closure of recommendations, analysis of incidents, …);
- participating to IG (HBF) projects to improve the audit processes;
- maintaining a network of contacts and relations and keeping yourself updated on the evolutions within your field of attention.
Highlight your strengths!
- You have a deep understanding of CRR3 (Article 191), EGIM (EBA Guidelines on Internal Governance), and other relevant EU/ECB regulations (e.g., EBA/GL/2023/02, Basel III/IV frameworks).You have experience auditing or validating Internal Ratings-Based (IRB) models (PD, LGD, EAD, CCF) under Pillar 1 requirements. You have a good understanding of IFRS 9 impairment models and ESG risks together with their interaction with IRB models.
- You have hands-on experience with quantitative modelling techniques (statistical/econometric methods, machine learning for credit risk) and model validation frameworks. You are also familiar with model risk management (MRM) principles and model governance standards, and you can translate technical model risks into clear, actionable insights for management as well as regulators (e.g., ECB, NBB).
- You have more than 3 years of experience in internal/external audit, model validation or risk management within banking/financial services.
- You have a proven track record of participating in the audits of complex credit risk models, including challenge of methodologies, data integrity, and compliance.
- You have a Master’s degree in relevant disciplines (Finance, Economics, Statistics, Risk Management, or a related quantitative field) and preferably a professional audit certification (CIA) or another relevant professional certification including Chartered Financial Analyst (CFA) / Financial Risk Manager (FRM).
- You have excellent communication skills. You can have open and clear communication with central functions performing similar activities to ensure proper coordination and optimisation.
- You can use English as a working language for both verbal and written communication. Additionally, you are fluent in one of our national languages (French or Dutch) and have a very good knowledge of the other.
- You have proficiency in data analysis tools (Power BI, SQL, Python, R, SAS) and in understanding IT application controls relevant to model development, review and implementation
At BNP Paribas Fortis we surround ourselves with talented people, regardless of their gender or gender identity, age, origin, sexual orientation, disability… And in order to give equal opportunities to everyone, no matter what their personal or familial obligations are, all our full-time vacancies are also open to candidates wishing to work on an 80% or 90% full-time equivalent basis.
If the function is categorized as a banking services provider function (cf. Law of 22 April 2019 establishing an oath and a disciplinary regime for the banking sector), you will also need to provide us with a 'certificate of absence of professional ban' from the FSMA confirming that you are not professionally disqualified.
Tempted by the challenge?
Is this function of interest to you? Don't hesitate to apply.