Quantitative Analyst Porto

Quantitative Analyst
Porto
Porto, Porto District, Portugal

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Company Description

Natixis in Portugal is a Centre of Expertise with the mission to transform traditional banking by developing solutions for Groupe BPCE’s businesses, operations and work culture worldwide, driven by an innovation mindset, in a financial tech ecosystem.

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 Groupe BPCE entities.

The Centre of Expertise, based in Porto, currently has more than 2700 employees from 40 nationalities, organized 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. Natixis in Portugal is the International Competence Centre (with an export orientation) which employs the largest number of people in the Porto district. 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 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 2025, Top Employers Institute has awarded Natixis in Portugal the Top Employer Portugal accreditation for the third time. This certification recognizes excellence in people practices, following the example of its head office, in France, which was certified Top Employer France for the ninth year in a row.

Job Description

Experienced Quantitative Analyst to join the CUSO Model Validation team within Model Risk Management (MRM). The MRM Group within the Risk Department (Model Risk & Risk Governance) is responsible for Model Validation, Model Risk Assessment, and Model Risk Management for Natixis’ Group.

He/she/they will be responsible for conducting independent validation of various types of models used across the company to assess and quantify model risk.

Essential Duties And Responsibilities

• The Model Risk Validator will coordinate and conduct model validation processes and monitor in adherence with internal policies, procedures, and regulatory guidelines.
• This role will work
  - functionally within the organization, including collaboration with business lines and key support units.
• The validation work encompasses evaluating the models based on data, parameters, design, methodology, implementation, and documentation.
• The Model Risk Validator will organize the overall validation process for each topic, present validation outcomes to Committees, and track remediation actions.

Qualifications

• Masters or Ph
  D in economics, statistics, finance, physics, mathematics, or other quantitative fields.
• Minimum 2/3 years of experience in model validation, development, research, or audit.
• Fluency in English (mandatory).
• Experience with developing or validating models, especially Pricing and Risk models (Stress Testing, IMM/EEPE, IMA).
• Effective written and verbal communication skills.
• Ability to interact with stakeholders at all levels.
• Teamwork and independent work skills.
• Ability to meet deadlines in a
  - paced environment.
• Proficiency in Microsoft Office.
• Advanced programming skills (C/C++, C#, Python, SQL, VBA, R, MATLAB).

Additional Information

#Much
More
Than
Just
AJob

Daily routines include morning commutes, coffee breaks, French classes, medical appointments, outdoor lunches, virtual meetings, and recreational activities like gaming and sports.

Senior level:

Mid-Senior level

Employment type:

Full-time

Job function:

General Business, Management, Business Development

Industry:

Banking

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