Model Validation Intern

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2024. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

**Internship program**

As an intern, you will benefit from a 4 month program that aims to give you the tools to develop yourself and discover your potential through customized trainings, networking sessions and transversal projects.

More information about the program available on our website:
BNP Paribas in Canada Students & Young graduates
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**The position at a glance**

RISK Independent Review & Control (RISK IRC) is a special unit within the RISK organization and reports directly to the Group CRO. The independent review arm of the department provides second line of defense for the use of various types of models (Credit, Compliance, Artificial Intelligence, CCAR, Cyber Security, etc.) across different locations (Americas and EMEA mostly, 9 countries), and, accordingly, oversees model risk management.

RISK IRC is composed of several Model Validation groups and a Model Governance team. The Model Validation groups are responsible for performing an independent effective challenge of the modelling choices in accordance with internal policies, procedures, and regulatory standards (ex: Federal Reserve Board letter SR11-7).

**In detail**

Who are we looking for? People with great technical and soft skills, a keen interest in financial modelling, and a strong desire to learn model risk management best practices.

During your mandate within RISK IRC, you will:

- Assist model risk managers in reviewing quantitative models used at the Bank.
- Consequently, build challenger models to test internal AI/ML based models.
- Assess ongoing models’ performance.
- Perform other assignments related to models’ review.

**The strengths and skills that will help you succeed**
- Student completing their Master’s or PhD’s Degree in Data science, Finance, Computer science, or any other related quantitative field, with at least one semester remaining.
- Quantitative, statistical and AI knowledge: predictive modeling, data science techniques, time series analysis, statistical inference and probability, clustering, etc.
- Development tools and languages (SAS, Python, R, etc.).
- Experience with machine learning frameworks such as LightGBM, Tensorflow, PyTorch, Gensim etc.
- Good communication and synthesis skills in addition to critical thinking capabilities and passion for learning.
- Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge of French and English is required.

**SKILLS AND BEHAVIOURS**
- Team-player profile.
- Learning mindset.
- Ability to understand complex and/or technical issues.
- Prioritization of tasks/organization and ability to multi-task.

**What you need to know**
- BNP Paribas is committed to accessibility and inclusion. If you need any accommodation during the recruitment process, you can contact accessibility [at] us.bnpparibas (dot) com- (Opens in a new tab)- You must be legally eligible to work in the Greater Montreal area full time and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;

**Diversity, Equity and Inclusion (DE&I) at the heart of our commitments**

At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

To learn more about our DE&I commitments, click here
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**About us**

BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 63 countries, with more than 180,000 employees, the bank holds key positions in several areas of banking and financial services.

BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.

Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.

With over 1,400 employees, BNP Paribas in Canada continues to attract experts from diverse fields as