Senior Credit 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

Corporate Credit Management (“CCM”) is a transversal Team in support of the approximately 800 Corporate Clients of the North American platform. The CCM Team works to ensure coverage, monitoring & execution of all counterparty risk requests for the Corporate platform. The portfolio of clients consists of investment grade, high yield, and LBO groups. In the role, the Senior Credit Analyst will interact and develop strong relationships with Bankers (i.e. Coverage), Risk partners, Delegation Holders, and Product Teams (among others, FX, IRD, Commodity, Equity, Global Trade Solutions, Loan Capital Markets, and Leveraged Finance Teams) including coordinating the credit process amongst the various Product and Risk teams to ensure an efficient and smooth turnaround of transactions. The CCM team is organized into 8 sectors, namely Transportation, Consumer Products, Healthcare, Media & Telecom, Tech, Industrials, Gaming & Leisure, and Low Carbon Energy Transition.

In detail

As an Associate in CCM, the candidate will be responsible for the credit management of assigned corporate clients and for working on new client deals along with other colleagues on the Team (Analyst to Director). Core tasks and responsibilities include (among others):

·         Perform credit analysis and prepare thorough and in-depth credit memoranda for assigned sector clients. This includes managing and monitoring the credit quality of a portfolio of assigned North American sector clients and providing solid recommendations to support decision makers. This will apply when working on new clients, new transactions, annual reviews, facility renewals, amendments & waiver requests, and quarterly monitoring updates. Tasks include:

•      In depth analysis of borrowers’ financial statements (full-year and quarterly), financial covenant compliance certificates, related historical series, quantitative ratio analyses and performance metric assessment.

•      Analyze high levels of quantitative historical data as foundation to perform forward looking projections at company-specific and sector level.

•      Keep key stakeholders abreast of sector/market and industry trends and possible headwinds/tailwinds due to changes in macro-economic dynamics and advise them regarding best course of actions to maintain assumed risks under control.

•      Evaluate clients/transactions for risk-related changes of counterparty rating, recovery at default (inclusive of collateral analysis), and applicable regulatory facility rating.

•      Utilize qualitative / quantitative information available in Lenders Presentations, press releases, news articles, rating agency reports, equity analyst reports, and industry researches and trends, etc.

·         Actively participate in deal teams with relevant stakeholders to drive the credit process for new origination activity for prospects, new clients and existing relationships. This includes presenting and discussing in-scope analyses during Credit Committees.

·         Maintain reporting related to the assigned portfolio including among other things loan exposure tracking, regulatory related requirements, and other general reports for internal / external uses.

·         Act as a team player supporting and working with other team members, bringing value and contributing to the success of the larger team.

·         Interact with other BNPP teams in EMEA and APAC to coordinate on client strategy as well as ad-hoc projects pertaining the sector portfolio.

·         Interact with internal and external auditors (such as ECB and FED representatives) during loan examinations.

The strengths and skills that will help you succeed

 ·         Degree in Finance or Accounting

·         Minimum of 3 years of prior experience in corporate banking (preferably in corporate credit management with M&A/LBO prior experience) and/or at rating agencies covering sector companies

·         Solid knowledge of financial statement analysis and robust fundamental corporate credit analysis skillset

·         Good knowledge of general banking products and banking practices including a strong understanding of loan structure, terms and credit agreements

·         Advanced projection modeling skills

·         Strong business writing skills

·         Proficiency in Word and Excel

·         Highly organized, motivated and hard working with strong business writing and verbal skills

·         Ability to confidently operate independently and to constructively interact with more experimented stakeholders

·         Knowledge of English is required

Preferred Qualifications:

·         Master in Finance and/or MBA

·         CFA (or CFA candidacy)

·         Completion of formal credit training courses

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. Reimbursement of 50% of monthly public transport subscriptions fees to get to work, minimum three weeks of vacation for permanent employees, 6 flexible personal days and 4 half-days offered on summer Fridays. In addition, permanent employees benefit from discounts with various partners, which include a homeownership program, banking products, home/auto insurance and annual subscriptions to sports halls. 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;

•          If you are selected to participate in the recruitment process, please inform Human Resources of any accommodations you may require. BNP Paribas will work with you to ensure that you are able to participate fully in the process;

• 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’s Top Employers 2024
• Canada’s Best Diversity Employers 2024
• Women in Governance  – Parity certified –  Gold 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

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 **