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:

Market Risk is part of Natixis Risk Division. Market Risk mandates cover Valuation, Risks and Economic performance for the capital market activities of Natixis.

Within Market Risk, Econometrics is in charge of providing econometrics (market data spot and projection over various time horizon according to risk methodologies) to all Risk systems and tools, including: 

• Market risk measurement tools: VaR, stressed VaR, IRC; 
• Counterparty risk measurement tools: CVA, EEPE, etc.

The analyst will be in charge of producing econometrics data, which consists in updating and evolve risk factors used. He/She will be in charge of improving risk measures quality by: 

• Putting in place data quality indicators (anomaly detection, statistical estimates, etc.) ;
• Completing and correcting market data historical series.

Main tasks and goals:

The analyst will intervene on risk factors and market data across all asset classes (rates, credit, treasury, fx, equity, commodities). He/She will actively participate in all duties of econometry teams, in particular: 

• Market data and sourcing processes quality monitoring;
• Review and completion of market data historical series used to calibrate risk factors used in existing risk measures VaR, IRC, sVaR, etc. 
• Review and completion of market data historical series used to calibrate risk factors used in new risk measures, in particular as part of FRTB project (VaR, ES, etc.) ;
• Reinforcement of risk measures secured delivery and quality.

He/She will work in close collaboration with multiples departments within and outside the Risk Division: 

• He/She will work closely with other Market Risk teams (market data certification team and market risk analyst teams in charge of risk indicators certification) 
• He/She will be in relation with Front-Office with regards to risk axis modelling as well as with Risk IT teams with regards to econometric data monitoring and analysis tools development projects  
• He/She will be in relation with the teams in charge of the methodology definition

• Master’s in finance, Engineering, Mathematics / Statistics;
• +3 years experience in Econometrics / statistics;
• Familiar with at least one of the segments from : Equity, Credit, Rate, Commodities, FX.
• +3 Experience in Market Finance and/or Market Risk;
• English fluency (mandatory);
• Notions of Derivatives product valuation techniques;
• Advanced knowledge of Gauss statistics and variance analysis methods;
• Advanced knowledge in R / VB code languages in statistical analysis context;
• Knowledge in Linux / Windows systems environment (is a plus).

We will only consider English CV's.

At Natixis, we are committed to fostering a working environment where each and every one of our people is treated with dignity and respect and where every voice is heard. Our differences make us collectively stronger and are a source of fulfilment, innovation and performance.

In the framework of its Diversity, Equity & Inclusion policy, Natixis in Portugal has implemented a Blind CV Screening process, with the purpose of reducing hiring bias. A blind CV excludes any personal details which refer to the applicant’s gender, age or ethnicity. When applying for our positions, please submit a blind CV, that is, with no picture, name, gender, age, nationality, ethnicity and address. Your personal statement, work experience, courses and certifications, education, skills and contact information is what matters to us.

#MuchMoreThanJustAJob

Early morning. Campo 24 de Agosto. In 4 minutes, you are clocking in at the office. Start your day having breakfast with the Team and grab fresh fruit on the way to your seat, in one of Porto’s most typical neighborhoods. This Purple Day is going to be a busy one: daily meeting ensuring all team members are on the same page regarding work status, priorities and blockers, language class and, just after, a Talent Management meeting with your manager, discussing your career path. 

Lunch break. Today, your Team is onboarding newcomers, but also welcoming French colleagues: the perfect excuse to walk downtown and bond over a francesinha. When returning, inhale nature and peace of mind in Natixis Urban Garden (look at the crops; ready to harvest!). 

Back inside. Brainstorming session on a new, exciting project in our disruptive and immersive Manaus Village. The afternoon went flying (tasks, meetings, some jokes with your teammates). End it on a high note: celebrating cultural diversity with a Diwali, the Indian festival of lights. 

Tomorrow, you attend a conference led by influential speakers in your industry and, the day after, you will work from home, benefitting from some focus time to complete that report and soft skills course on LinkedIn Learning. Once you are done with your work for the day, strike the right note playing with Natixis band or be part of a board games session. If that is too steady for you, meet your colleagues to catch some waves or sail the Douro river during golden hour.