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The position at a glance
RISK is a fully independent function whose mission is to advise the bank’s top management on risk appetite, to provide fast and reliable information about the risk profile, to offer high quality risk management expertise to the group’s stakeholders as well as to foster risk anticipation
RISK Markets & Financial Institutions ("RISK MFI") is responsible for the monitoring of market, liquidity and counterparty risks of the BNP Paribas Corporate and Institutional Banking (CIB) perimeter. RISK MFI helps the Group senior management, the RISK Function and Global Markets to make the best choices by anticipating on events and finding the right balance between profitability and long-term protection of the Bank. RISK MFI is organized into 2 streams (Analysis & Decisions and Platform), present in 14 locations across Europe, Asia Pacific (APAC) and Americas.
RISK MFI is also involved in the governance of the MCL (Market, Counterparty, Liquidity) Cluster and contributes to its common objectives and vision. The MCL cluster is a grouping of five RISK departments, representing the End-to-End value chain for Change The Bank (CTB) and Run The Bank (RTB) activities in an Agile organization. The teams from these departments are grouped into Tribes or Centres of Expertise (CoE) and organized: a) into squads within a Tribe to contribute to the teams' deliverables, and b) into chapters bringing together communities of skills.
In detail
As part of the RISK MFI Platform Americas team, the candidate will have the following responsibilities:
Strategic Leadership in Monitoring Market Risk:
- Serve as a leader within Monitoring Market Risk, guiding the team to fulfil the mission statement of RISK MFI, particularly for the Americas trading desk perimeter.
- Demonstrate strategic vision in migrating the monitoring framework to industrialized solutions, with a focus on improving the quality of market risk data.
- Implement clear communication strategies using agreed templates for reporting results, daily monitoring, and excesses to RISK MFI and Global Markets (GM).
- Cultivate a culture of continuous learning amongst the team and broader squad.
Monitoring and Reporting:
- Oversee the monitoring and reporting of market risk metrics across Global Markets GBLs activities (Americas, Global), including managing day-to-day operations.
- Ensure compliance and analysis for Basel 2.5 metrics (VaR, SVaR, IRC), market risk limits, and new metrics as added (e.g., FMRC stress tests).
- Coordinate and respond to ad-hoc requests for Market Risk analysis, whether external (e.g. from Regulators) or key RISK Management forums (MainPos, FMRC…)
Analysis, Review, and Escalation:
- Provide in-depth metric variation analysis on a regular or ad-hoc basis, supporting business processes such as temporary/permanent limit requests and approvals.
- Play a key role in the periodic reviews and calibration processes of limits, contributing to the development of VaR/SVaR monitoring and back-testing event investigations.
Framework Enhancement and Digital Transformation:
- Propose and implement enhancements to the Market Risk Metrics framework, driving efficiency and consistency (e.g. VaR Explain tool).
- Collaborate closely with RISK MFI Digital to transform production processes, including improving monitoring tools and developing dynamic dashboards and tools.
Data Quality and Governance:
- Maintain oversight of Market Risk data availability and quality, including managing the daily VaR signoff process and coordinating aggregation and sign-off at GBL Level.
- Promote and utilize data governance tools to monitor and report on data quality.
- Provide both quantitative and qualitative support to forums like the Market Risk Opco and Data Monitoring Committee (DMC), and local equivalents, addressing data quality and integrity issues.
Cross-Functional Collaboration and Product Ownership:
- Embody the role of a Product Owner (PO) for Market Analysis and Reporting in the Americas region, ensuring alignment with "One firm", "Clients first", "Results-driven", and "Excellence" values.
- Prioritize the book of work amongst squad members.
- Work collaboratively with business stakeholders and the RISK Systems team to prioritize enhancements and develop a roadmap that aligns with the Tribe vision.
- Evaluate the cost/benefit of feature requests and ensure user satisfaction through consistent follow-ups.
Process Improvement Initiatives:
- Lead and innovate within RISK MFI Monitoring initiatives related to market risks and limits, building upon past achievements to ensure sustainable progress.
- Design and monitor KPIs to track and communicate improvements and squad activities throughout the year.
Certain responsibilities listed above, such as Product Owner, are dependent on the profile of the candidate and current business needs. Additionally, depending on the candidate, a team lead role could be envisioned as well.
The strengths and skills that will help you succeed
Qualifications
Education & Professional Experience
- Academic Background: A minimum of a Bachelor’s degree in Engineering, Financial Engineering, Finance, Mathematics, Sciences, Economics, Econometrics, or a related quantitative discipline.
- Professional Track Record: 7 to 10 years of professional experience, including at least 5 years specifically within Market Risk and/or Counterparty Risk management.
- Technical Knowledge: A strong foundational understanding of financial products is preferred, including bond pricing, option pricing concepts, and a clear grasp of risk sensitivities (e.g., Delta, Vega, Gamma, etc).
Technical & Analytical Competencies
- Data Proficiency: Advanced proficiency in MS Office is required.
- Continuous Improvement: A strong interest in evolving traditional reporting processes by developing practical, automated solutions for data analysis using advanced tools (e.g., Python).
- Regulatory Awareness: Familiarity with banking regulations is considered an advantage but is not mandatory.
Soft Skills & Behavioral Attributes
- Operational Excellence: Highly organized and disciplined with a results-driven mindset; able to take full ownership of daily monitoring and reporting responsibilities.
- Problem Solving & Judgment: A proactive problem-solver who exercises sound judgment when managing limit breaches or reporting anomalies.
- Communication: Excellent written and verbal communication skills. Fluency in English is essential; bilingualism in English and French is a distinct advantage.
- Collaboration & Adaptability: A motivated team player capable of working effectively within a global, multi-jurisdictional environment.
- Learning Agility: Possesses a natural curiosity and the ability to rapidly acquire new knowledge in a fast-paced market environment.
- Integrity & Conduct: Maintains a high degree of professional work ethic and demonstrates exemplary conduct in all professional dealings.
*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.
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
What’s in it for you
Alongside a competitive compensation, we provide a comprehensive suite of flexible benefits designed to support your health, wellbeing, and long‑term success:
Health & Wellness – A menu of flexible options for you and your family, including a 24/7 telemedicine service.
Mental‑Health Support – Up to $5,000 per year for sessions with mental‑health practitioners, plus unlimited access through our Employee Assistance Program.
Financial Benefits – A defined‑contribution pension plan and a range of additional financial perks.
Paid Volunteering Days – Take time off to give back to the community.
Learning & Development – Access to high‑quality training, personal‑development programs, and clear pathways for internal career progression across our global organization.
Work‑place flexibility - Hybrid work is available for most roles. You’ll be required in the office at least three days per week, with one of those days being either a Monday or a Friday.
To find out more about our range of benefits, click hre
Diversity, Equity and Inclusion (DE&I) at the heart of our commitments
BNP Paribas is committed to fostering a work environment where all employees can feel heard, valued, safe and supported, and can be their authentic selves.
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, the leading bank in the European Union and a major global financial institution, operates in 63 countries and has nearly 178,000 employees. Its mission is to foster a responsible, sustainable economy by financing and advising clients to the highest ethical standards while addressing environmental, regional development, and social inclusion concerns. With over 1,700 employees in Montreal and Toronto, BNP Paribas in Canada strives to develop long-term relationships with its clients by supporting their business strategies and meeting their financing and investment needs, both locally and abroad.
Our certifications and partnerships
- Canada’s Top Employers for Young People 2026
- · Montreal’s Top Employers 2026
- Canada’s Best Diversity Employers 2026
- Women in Governance Platinum-Parity Certification
- LinkedIn Top Companies 2024
What you need to know
- · 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
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