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
At BNP Paribas, our well-developed Risk management culture is based on a long-term perspective, a committed management, and a strong and independent Risk organization led by RISK.
Created at the same time as BNP Paribas, RISK is today a global function present in five continents and at the forefront of Risk management through best-in-class expertise.
RISK is a global, integrated, and independent function.
RISK’s main missions:
- Advise the Bank Management on the definition of risk policy;
- Contribute as a “second pair of eyes” to ensure that risks taken by the Bank are aligned with its policies;
- Report and Alert Bank Management on the status of risks to which the Bank is exposed;
- A deconcentrated organization covering all the Business Lines and encompassing the whole chain of risk-taking;
In detail
The available position includes the following responsibilities:
- Measure and Monitor market and liquidity risks inherent to the trading desks or activities in the direct scope of the RISK analyst.
- Development of monitoring tools and reporting to the Business and Senior Management.
- Provide accurate and appropriate risk information and opinion to senior management and escalating risk topics as needed.
- Performing in-depth, ad hoc analysis, formulating an opinion and escalating as needed, on any and all market risk topics affecting the business line.
- Setting and ensuring timely review of market risk limits in line with Risk Appetite Framework.
- Participate in the definition and assessment of the risk management framework for new trades/products/activities through contribution and/or attendance to decision making process, in particular Exceptional Transactions, Transaction Approval Committees, New Activity Committees.
- Understand the model assumptions and their economical purpose.
- Tests and analysis of the impact on the valuation and risks of the books.
- Such changes coincide in general with system release requiring coordination with other teams (e.g. RISK Quants, Front Office Research Team, Trading and IT).
- Develop and compute Stress‐test scenarios and analyze the results.
- Contribute to the improvement of stress testing within Global Markets perimeter.
- Opine on the end of month valuations reviews (market parameters review, reserves and Prudent Valuations).
- Ensure processes remain exhaustive and the process run by the IPV team is robust and well documented.
- Leverage technologies and propose initiatives that allow more efficient and automated risk production and analysis.
- Coordinate with other teams and represent the interests of the RISK function in large-scale projects.
The strengths and skills that will help you succeed
- Bachelor’s Degree in Math / Quantitative Finance / Engineering / Economics.
- Minimum of 5 years in risk management/quantitative financing/trading fields.
- In-depth understanding of market risk originated from various capital market activities, including derivatives (multi-assets). Knowledge in Agencies MBS or Interest Rates Options is a plus.
- Understanding quantitative risk measures and related modeling / methodology (e.g., VAR, stress testing).
- Strong quantitative skills (Math, Probability/Statistics).
- Strong communication skills (being able to summarize and communicate efficiently).
- Good team spirit.
- 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 English is required.
Preferred Qualifications:
- Master in Math / Quantitative Finance / Engineering / Economics.
- Experience in Credit Derivatives and Distressed Debt.
- Knowledge of regulatory rules and impacts on Market Risk.
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
** Only selected applications that meet the requirements of the role will be contacted **
