Counterparty Risk Analyst

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

In many respects, banking is the business of managing Risks.

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.

A Risk framework adapted to each Business:

– Credit risk

– Market & Counterpart risk

– Liquidity Risk

– Insurance Risk

Encompassing the whole chain of Risk-taking and monitoring:

– Risk policy

– Risk analytics and modelling

– Risk Anticipation

– Portfolio analysis: risk concentrations and stress-testing

– Reporting ; Monitoring

– Risk Independent validation & Control

– Counterparty & transaction analysis

A risk organization covering all the business lines:

– Equity and derivatives

– Commodities

– Rates

– Credit

– FOREX and local markets

– Asset & Liabilities

– Insurance

In detail

Responsible for risk monitoring and analysis of counterparty risks covering various Capital Markets activities:

• Analysis, monitoring and reporting of market/counterparty risk exposures:

o Understanding the origin of the exposures (specific trades, products);

o Designing relevant metrics and stress testing, under both internal and regulatory context;

o Aggregating and monitoring, across products market risk sensitivities by counterparty, hence providing a transversal view;

• Define / validate / monitor the specific risk framework, e.g., stress testing

• Engage in active discussions with Trading/Sales and internal RISK stakeholders on risk issues;

• Summarize, escalade and present risk topics to management

• 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

• 5-10 years of experience in risk management/quantitative financing/trading fields

– In-depth understanding of counterparty/market risk originated from various capital market activities, including derivatives (multi-assets) and securities financing transactions (e.g., Repo, Prime Brokerage);

– Understanding quantitative risk measures and related modeling / methodology (e.g., VAR, PFE, 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 the English is required.

Preferred Qualifications:

– Master in Math / Quantitative Finance / Engineering / Economics

– Experience of structured products (MBS, CLO/ABS) risk management

– Knowledge of regulatory rules and impacts on counterparty 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@us.bnpparibas.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 **