In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2025. 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.
The position at a glance
The Market Risk analyst provides a holistic and transversal view of the structural market risks across Global Markets. They also analyse the market risks created by the various exotic derivatives businesses of BNP Paribas notably by conducting in-depth review of the less common or hidden market, valuation or issuer risks.
The team can also regularly challenge the monitoring, tooling, and framework in place to monitor such structural and exotic risks. This can involve designing and running stress-testing on the trading book positions. It also involves reviewing specific new products or transactions.
The MLR-ESTR regularly interacts with all other market risk teams (of which the methodologies and validation ones), with representants of Global Markets of which the trading desks and the quantitative research, with the valuation risk teams and with RISK IT.
The role requires agility to onboard oneself onto new topics to support the analysis or monitoring conducted by other team members or stakeholders.
We are looking for a quantitative profile who’s developed an understanding of the financial market products and their market risk dynamics.
In detail
- Maintain strategic oversight of exotic, structural, and transversal risks across the Global Markets business lines.
- Risk Analysis and Reporting: Identify, measure, analyze and communicate market risks to senior management.
- New and Undetected Risks:
- Lead MLR efforts in the detection and anticipation of significant market risks and issuer risks.
- Participate to the definition and assessment of the risk management framework for new trades, products and activities.
- Develop, compute and analyse market stress-test scenarios and contribute to the continuous improvement of the existing stress-testing framework.
- Contribute to the work performed by the Valuation Model Risk team in understanding and challenging choices made in terms of model assumptions or valuation adjustments methodologies.
- Contribute to topics led by other RISK teams e.g. on regulatory topics, P&L explanations, and process industrialization.
Responsibilities of the Structural Market Risk Analyst:
- Articulate the main market risk and formulate risk options to RISK Management.
- Challenge and opinion on the information and views provided by the trading desks.
- Understand the valuation, market risks and profit & loss of the product or portfolio under analysis.
- Analyse the risks with the tools available and drive the improvements of those tools.
- Review and aprove transactions that are outside the usual mandate of the trading desks.
- Develop and adapt Stress Tests to the trading desks positioning and their market environment.
Work conditions: This position provides for standard working conditions in an office and a normal work schedule from Monday to Friday.
The strengths and skills that will help you succeed
- Master’s degree in finance, Applied Mathematics, Science or Engineering.
- Up to 5 years of working experience in market risk or counterparty risk with an applied knowledge in derivatives and their risk management.
- English is required. *
- Excellent analytical capabilities.
- On programming skills, a working knowledge of Python is beneficial.
- Ability to synthesize information from diverse sources.
- Motivation to collaborate and share ideas and knowledge with team members.
- Understands clients’ needs and values constructive and positive feedback.
- Ability to ensure the precision, accuracy and thoroughness of the information manipulated or delivered.
- Ability to manage time, to plan, structure, prioritize and coordinate activities and resources effectively to reach objectives.
- Active in suggesting ideas and improvements and demonstrating curiosity.
- Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Professional working proficiency in English language is required. *
What’s in it for you
In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.
To find out more about our range of benefits, click here
What you need to know
- We will review candidates as they apply, so don’t wait to submit your application;
- BNP Paribas is committed to accessibility and inclusion. During the recruitment process, accommodation needs are available at all times for candidates. You will have the chance to make a request for an accommodation during your application.
- You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;
- If you are applying and accepted to a position which requires working in/for the U.S. securities industry, you will be required to provide your fingerprints and undergo additional background checks by the FBI. BNP Paribas Securities Corporation is required to maintain a supervisory program over the conduct of its Associated Persons; some of your personal data will be transmitted to the United States of America and made available to US regulators. Please reach out to BNPP for additional information; or you can also find an overview here: 3110. Supervision FINRA.org
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
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 well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.
Our certifications and partnerships
- Montreal’s Top Employers 2025
- Canada’s Best Diversity Employers 2025
- Women in Governance – Parity certified - Platinum certification
- Pride at Work Canada
- Part of Les Affaires top 300 companies in Quebec
- Synclusiv
- Ready, Willing and Able
- Autisme sans Limites
- LinkedIn Top Companies 2024
Do you want to discover other BNP Paribas offers in Canada?
Click here: BNP Paribas in Canada Our job offers
*** While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted***
