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
What about applying for a job that is consequential and contributing to making the world a safer and better place? What about being on the front line of the anti-financial crime fight? Are you interested in joining a new team in AML and Control Framework?
BNPP Group has transferred part of AML activities from Compliance to 1LOD to reinforce AML risk culture within the Business and to strengthen the Group AML framework efficiency. Within CIB North America, it means AML L1 alert investigation function is now hosted by USD Clearing and Payments and a new team of investigators was created in Montreal in June 2022.
USD Clearing & Payments Montreal is already the CIB North America team responsible for reviewing Sanctions alerts level 1 and 2 and managing sanctions filters and logics. USD Clearing and Payments has recently been featured as one of the most innovative team with the launch of AI models for sanctions.
As AML Level 1 Investigator, you are expected to perform a thorough review of transactions and parties (or a sample of transactions depending on the number of parties at stake) that generated each suspicious activity alerts. This consist in:
• determining if transactions reviewed seem legitimate and economically sound
• Identifying the parties – their existence, business purpose, geographical location, services provided by BNPP and expected transactional behavior …
• Understanding relationships between parties at stake
• Determining if the alert, including all triggers, can rationally be explained.
Parties and transactions analysis are completed by the AML L1 investigator using internal KYC records, external searches via reputable sources, Request for Information (‘RFI’) to internal stakeholders and/or leveraging on prior alerts and prior case investigations (if any).
• Reviewing any additional red flags such as negative news on a party by running parties in Worldcheck.
- Finally concluding on each alert (either closing the alert as not suspicious, or escalating the alert to Compliance for further investigation) and saving the supporting evidence in Actimize.
To be successful, you primarily need an investigative mindset and a good understanding of AML Red Flags for the businesses of BNPP. You will learn to master the BNPP AML policies/procedures, understand Actimize scenarios and have a very good understanding of BNPP Group products. You will need to have a good command of Excel and investigation tools, and be open to changes toward more and more technology-assisted investigations.
In this role, you will see a direct link between geopolitical tensions and your work. You will actively contribute in the fight against money laundering, terrorism financing, human trafficking, and tax evasion. Your work will matter.
Candidate Success Factors:
Candidates will be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Leadership and Collaboration
- Client, Customer and Stakeholder Focus
- Compliance Culture and Conduct
In detail
Responsibilities:
· Research, analyze, and investigate potentially suspicious Anti-Money Laundering/Counter Terrorist Financing (AML/CTF) activity based on a variety of AML Systems generated alerts from Corporate, Institutional, and Correspondent Banking transactional activity. As necessary, use available research tools (public internet sources as well as third party sites) to identify information concerning transactions warranting further investigation as a case.
· Request additional information by contacting various compliance or business personnel throughout the organization to determine if facts and circumstances surrounding unusual transactions warrant closure of the investigation as not suspicious or if escalation for further investigation is warranted.
· Prepare reports using Excel to display transaction flow of payments and/or other payment activities.
· Create and document comprehensive investigation files which must be completed and self-contained so that readers (law enforcement, examiners, audit, management) can clearly determine why the investigation was started, how it was carried out, and why the conclusion that was/is recommended was/is being made;
· Continuous monitoring of the open alerts in Actimize until a determination can be made to close or escalate to L2 in a timely manner;
· Maintain a good understanding of BSA/AML regulations and FinCEN guidelines relative to Suspicious Activity Monitoring and Reporting as well as current money laundering/terrorist financing schemes and risk typologies, and investigative techniques required to detect such schemes and typologies.
The strengths and skills that will help you succeed
- Skills and expertise
- Business:
- Financial Security – Strong knowledge of AML/ KYC, U.S.A. PATRIOT Act, Bank Secrecy Act
- Tax Evasion Prevention
- Know Your Client – KYC
- Transversal:
- Analytical Ability
- Behavioral skills
- Critical thinking
- Attention to Detail/Rigor
- Organization Skills
- Communication Skills- oral & written
- Ability to Deliver/Result driven
- Methodologies, tools and technologies:
- Strong computer skills including MS Office Suite.
- Knowledge of Actimize, GCARS, CRDS, RMPM, Worldcheck, LexisNexis, Orbis is a Plus
- Experience level
- 1+ years of experience with a financial services firm and/or regulatory organization in an AML compliance, audit, or regulatory related position,
- We will also consider candidates without experience but the right mindset.
- 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:
- BA or BS Degree accounting, finance, legal, economics or related discipline is preferred.
- CAMS Certified a plus
FINRA Registrations Required: N/A
– 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@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
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
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 report, 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.
In detail
As part of the RISK MFI Platform Americas team, the candidate will have the following responsibilities:
· Monitor the main risks and limits, which are typically in the market/counterparty/credit scope.
· Manage production issues affecting market/counterparty/credit risks in tandem with relevant stakeholders (e.g. IT teams, Front Office, etc).
· Provide pre-trade assistance (e.g. new trade simulations) and post-trade investigation (e.g. overestimated exposures).
· Perform portfolio analysis to support preparation for credit committees.
· Analyze and report on portfolio and risk evolutions.
· Contribute to improving team knowledge/skills.
· Participate in process harmonization with counterparts in other regions, such as Europe and Asia.
· Participate in innovation projects to improve process efficiency.
· Participate in working groups as part of RISK initiatives.
· Other tasks as necessary to support the mission and objectives of RISK MFI Platform.
While the above responsibilities form the core overall responsibilities, this role will specifically support two additional responsibilities of RISK MFI Platform Americas:
· Act as a regional hub coordinator for exposure management activities that are centralized globally (in Europe), and/or
· Provide dedicated risk monitoring for the Securities Services business line, in coordination with peers from other regions.
The strengths and skills that will help you succeed
· A minimum of a Bachelor’s degree in Engineering, Financial Engineering, Finance, Math, Sciences, Economics, Econometrics or related discipline.
· 7 to 10 years of experience, including 5 years of Market risk and/or Counterparty risk experience, with a preference for a strong foundation in financial product knowledge (e.g. bond pricing, definition of Greeks (Delta/Vega/Gamma), concepts of option pricing, etc).
· Proficiency with MS Office Tools, and an interest in developing practical solutions to data analysis problems by using more advanced solutions (Python),
· Exposure to banking regulation issues is an advantage but not a requirement.
· Proficient written & oral communication
· Motivation and ability to work collaboratively as part of a global team
· Curiosity and ability to learn quickly and being results driven
· Capacity for critical thinking & express good judgement and a sense of responsibility
· High degree of work ethic and exemplary conduct
· Excellent organizational 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@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 **
Due diligence Officer
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
As part of a comprehensive action plan for the prevention of money laundering and financing of terrorist activities (“AML”), the Due Diligence Analyst assesses client risk by completing the “Know Your Customer” form (“KYC”); this includes the sensitivity proposal based on the sensitivity analysis results, which are determined by an evaluation grid. The Analyst will be in direct contact with clients (internal and external) in order to obtain the documentation required by internal and external regulations. The Analyst will work closely with other due diligence officers in the BNP Paribas Group network.
The role is to perform CIB Clients due diligence analysis and checks at the client Onboarding and recertification and to contribute the overall client’s assessment in terms of KYC.
The Analyst is also in charge of maintaining the department’s database, as well as preparing reports and statistics for submission to executive management on a regular basis.
In detail
- Understand the principles and be familiar with CIB products
- Aware of various types of trading entities – limited, private and public companies, holding companies, hedge funds, asset managers, special purpose vehicle’s, trust’s etc.
- Complete KYC forms for compliance purposes, including the following:
- Conduct research on legal entities in the Bank’s systems as well as in official government records and other public websites
- Conduct basic corporate financial research;
- Conduct research on the economic activities of legal entities using available internal documents, such as credit proposals, or on public websites, such as Business Week (sector/industry type, products, services sold, localization of main suppliers, main clients and operation locations);
- Evaluate client sensitivity according to a predetermined grid and instructions;
- Communicate with clients, as needed, to gather information on beneficial ownership or on any other missing documents.
- Notify the compliance/financial security department if a client’s identity or documents appear fraudulent or suspicious.
- Monitor problematic situations.
- Verify the compliance monitoring process: have relationship managers and the business-line head sign and review the KYC form.
- Help with process implementation and verification and participate in procedure updates.
- Complete the form in compliance with the Bank’s internal and external regulations within set timelines.
- Manage and follow-up on reports required by financial intelligence units in Canada and Paris within the set timelines.
- Take part in different projects under the supervision of the Head of Due Diligence.
The strengths and skills that will help you succeed
- Bachelor’s in administration or business and expertise relevant to the main duties described above.
- 1-2 years’ experience.
- Theoretical or general knowledge of banking products and legal documentation in the banking sector.
- Knowledge of banking sector compliance rules.
- Good understanding of legal business structures to determine a legal entity’s final beneficiaries.
- Good knowledge of IT tools and software.
- Rigorous work performance.
- Good judgement and analytical skills and takes initiative.
- Excellent communication skills, both verbal and written.
- Ability to manage stress and prioritize.
- Ability to work in a team.
- Customer service 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 hybrid work arrangements, such as remote working and flexible working hours are available for most positions. BNP Paribas provides opportunities for career development within the company and internationally.
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;
- Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. These will be clearly mentioned in the qualifications of the 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 Top Employer 2024
- Canada’s Best Diversity Employer 2024
- Women in Governance – Parity certified – Gold certification
- Pride at Work Canada
- Rainbow Accreditation issued by Canada’s LGBT+ Chamber of Commerce (CGLCC)
- IndigenousWorks
- Part of Les Affaires top 300 companies in Quebec
- Synclusiv
- Ready, Willing and Able
- Autisme sans Limites
Do you want to discover other BNP Paribas offers in Canada?
Click here: BNP Paribas in Canada Our job offers
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@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