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
Within the risk function, Risk Corporate is jointly responsible along with the originating Investment Banking business line for the management of credit risks of corporate clients. As such, Risk Corporate is involved in risk assessment of all types of transactions for these clients under traditional banking products (such as loans and L/C's), capital market products (underwriting) and market facilities (such as futures, interest rate and commodity derivatives, and FX).
New York Risk Corporate Platform acts as a regional decentralized entity of the Risk function with the full responsibility and extensive credit delegations in the Americas.
In detail
•Review the proposed credit facilities and provide an independent opinion on the inherent risks of the transactions.
•Contribute to the sound structure of the credit and market facilities and related documentation by providing advice and support to the account officers.
•When the decision is within his / her own Credit Delegation, co-chair the Credit Committee with the Business line Delegation Holder, or in other cases, participate actively in the Credit Committee and assist the Chief Credit Officer or his/her deputies.
•Issue formal Committee Minutes, detailing the local decision and/or recommendation to Head Office.
•Ensure the quality of the Counterparty Risk Ratings (CRRs) and Global Recovery Rates (GRRs).
•Identify, assess and measure material emerging risks in assigned credit portfolio.
•Monitor risk-taking activities and risk exposures to ensure they are in line with the board-approved risk appetite, risk limits and corresponding capital or liquidity needs.
•Contribute to the overall quality of the portfolio by staying current with macro-economic conditions and maintaining day-to-day awareness of the latest developments that may affect the risk ratings and outlook of the portfolio or individual credits, the integrity of flagged credits, and the status of doubtful credits.
•Ensure, jointly with the Business and Client lines, through the provisioning process, that the value placed on the Bank's assets is realistic.
•Contribute to the establishment of the Bank's Credit Policies and Rating Policies and to the process of credit validation.
•Contribute to the discussion and consideration of new and existing product strategy.
•Contribute ideas, on a continuing basis, to the improvement of risk assessment, monitoring, and control.
•Liaise with and be responsive to auditors (both internal and external) and regulatory authorities on matters relating to informational requests, reviews, and findings.
The strengths and skills that will help you succeed
- Minimum 15 years of experience in finance including at least 5 years in a credit or risk management position. Extensive experience with Investment Banking products is a plus.
- Bachelor’s degree, MBA a plus
- Experience with legal underpinnings and documentation of secured and unsecured lending
- Strong understanding of the market structure and regulatory environment of the US markets
- In-depth experience of the risk assessment and quantification of traditional (i.e. swaps, options and futures) and structured derivatives as well as monitoring of the related counterparty exposure.
- Experience with legal documentation and with Interagency Leveraged Lending Guidance
- Excellent analytical skills,
- Strong written and verbal communication skills.
- 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.
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
