The position at a glanceAt BNP Paribas, our well-developed Risk management culture is based on a long-term perspective, 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.
In detailResponsible for risk monitoring and analysis of counterparty risks covering various Capital Markets activities:
- Analyze, monitor and report on market/counterparty risk exposures:
- Understanding the origin of the exposures (specific trades, products);
- Designing relevant metrics and stress testing, under both internal and regulatory context;
- 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.
- Minimum of 5 yearsin risk management/quantitative financing/trading fields
- Knowledge of English is required*
- 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)
- Knowledge of regulatory rules and impacts on counterparty risk.
- Strong communication skills (being able to summarize and communicate efficiently)
- *Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Professional working proficiency in English language is required.
What's in it for youIn 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 are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. 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;
- 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;
- If you are applying and accepted to a position which requires working in/for the U.S. securities industry, you will be required to provide your fingerprints and undergo additional background checks by the FBI. BNP Paribas Securities Corporation is required to maintain a supervisory program over the conduct of its Associated Persons; some of your personal data will be transmitted to the United States of America and made available to US regulators. Please reach out to BNPP for additional information; or you can also find an overview here: 3110. Supervision FINRA.org
*** While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted***
