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.
The position at a glance
· Oversees the review of the incoming request from the corporate customer and the BNPP’s network or other Banks for issuing International Bank Guarantees (IG) and Stand-by Letters of credit (LC).
· Assures that the request, text, product requested is in line with the customer’s facility
· Oversees the timely and accurate processing of day to day activity.
· Interacts directly with the internal marketing staff, other operational areas, customers, Network and non-network banks for the issuance of IG and LC.
· Ensures consistency of performance and compliance to operational procedures and management reporting guidelines.
· Ensures management is kept updated on any potential problems relating to meeting deadlines, issues and or concerns.
· Ensures that the Banks liabilities are properly processed into the different systems.
In detail
· Provides quality service that supports the International Guarantee activities
· Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language
· Responsible for issuing, amending, advising, Confirming Guarantees and Stand-by Letters of Credit
· Approves transactions
· Handle the One World Guarantee portfolio for US banks
· Follows procedures while reviewing the text and issuing the guarantee, that the accounting principles are respected when issuing and registering the fees in the systems.
· Applies the customer’s conditions in line with the facility
· Obtain necessary approvals
· Is up to date and complies to our procedures, international rules and regulations regarding our activity and on the sanctions that governing parties have communicated to the Bank.
Following Operational Rules & Procedures
· Ensures to apply AML, OFAC, Compliance regulations and BNPP’s CSR procedures
· Ensures that transaction processing is consistent with departmental procedures and is in accordance with established administrative guidelines and is consistent within the overall department objectives.
· Assures the maintenance of departmental policies and procedures, including the review and drafting of polices for specialized processing areas under the team responsibility.
· Investigates and resolves any inquiries or transaction anomalies on a timely basis, and or within established timetables, received from customers, banks and or any internal sources.
· Routinely reports any problematic, irregular transactions, administrative and or personnel issues to management deemed to present any potential risk or exposure to the bank.
· Ensures good relationship with the other departments.
· Shares knowledge and technical experience with other teams.
· Ensures good team work between the teams and assisting other teams in need by cross-coverage when the other team’s workload increases.
The strengths and skills that will help you succeed
TRAINING AND OCCUPATIONAL EXPERIENCE
- Bachelor degree or equivalent
- Knowledge of the rules governing International Letters of Guarantees and Letters of Credit
- ICC uniform Rules for Demand Guarantees (URDG 758)
- Uniform Customs and Practices for Documentary Credits (UCP 600)
- International Standby Practices (ISP 98)
- Good knowledge of AML, OFAC Compliance regulations
- Familiarity with bank accounting systems
- Fluent in English and French language
- Microsoft Office tools; Word and Excel
- At least 2 to 4 years’ experience in handling Bank guarantees and Standby Letters of Credit
- Ability to write clear and concise policies procedures documenting departmental procedures
ESSENTIAL SPECIFIC REQUIREMENTS
- Good knowledge of the LG’s & LC’s process
SKILLS AND BEHAVIOURS
Ø Detail oriented - quality and consistency
Ø Customer Service oriented (internal and external)
Ø Problem solving/Analytical ability
Ø Autonomy
Ø Able to work under pressure
Ø Teamwork
- 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 the English is required. / Knowledge of French and English 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, such as remote working up to 50% and flexible working hours are available for most positions. 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. If you need any accommodation during the recruitment process, you can contact accessibility [at] us.bnpparibas (dot) com
· 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;
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 2024
· Canada’s Best Diversity Employers 2024
· Women in Governance – Parity certified - Platinum certification
· Pride at Work Canada
· Rainbow Accreditation issued by Canada’s LGBT+ Chamber of Commerce (CGLCC)
· 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
