The position at a glance

RISK Corporate is the 2nd line of defense responsible for risks generated in CIB from corporate and securitization clients. The Vice President Credit Officer in RISK Corporate will be responsible for ensuring the quality of risks taken by the ABS warehousing activities originated in North America.

The position reports functionally to the Managing Director Team head responsible for Securitization risks in the Americas.

• Asset Backed Financing warehouses and balance sheet activity consists of non-recourse secured loans backed by consumer or commercial assets, often with the intent of distributing into Asset Backed Securities.
• ABS Sectors include auto loans and leases, consumer installment loans, equipment loans, credit cards, rental car fleets, and fleet leases, among others.

The risk framework surrounding ABS is dynamic covering credit and non-financial risks. This is an opportunity to join a high profile team within the RISK function that covers a dynamic and specialized sector.

In detail

The team members are responsible of the following activities:

• Analysis of credit proposals, annual reviews, highlighting emerging risks in the portfolio, anticipating new risks, ensuring proper internal risk rating, and assisting the RISK function in improving the risk governance framework for the region's ABS warehousing activity.
• Assess borrowing base structures, advance rates, eligibility criteria, concentration limits and structural protections.
• Analyzing risks at the collateral pool and asset originator levels.
• Assess the non-financial risks of transactions (operational, fraud, third party service providers to the structure).
• Present analysis and opinion at credit committees.
• Support RISK delegation holders on credit committee decisions.
• Prepare minutes of credit committees
• Attend due diligence meetings with clients (often on MS Teams).

• The position does not entail credit delegation in the first year but can lead to credit delegation over time.
• The position requires developing and maintaining professional relationships with the business lines in scope. There is a high degree of interaction with the Origination teams, Credit & Portfolio Team, and RISK team in NY.
• As a subject matter expert in these activities, the position has material influence on risk identification and risk appetite for the ABS activity.

Staff supervision/ Organizational Structure:

The position reports to the Team-Head in RISK Corporate responsible for Securitization in NY.

Work conditions: This position provides for standard working conditions in an office and a normal work schedule from Monday to Friday. This position requires little travel.

The strengths and skills that will help you succeed

• Relevant experience within a Financial Institution or Rating Agency.
• Strong understanding of securitization structures, documentation, borrowing base mechanics, collateral analytics, covenant frameworks, and transaction structuring.
• Ability to work independently

Education:

• Bachelor's degree in finance or related fields. Advanced degree a plus.

Years of experience:

• 7 to 12 years+ experience.

Languages:

• English

Technical skills:

• Credit Analysis for granular and diversified pools of consumer or commercial loans.

Soft skills:

• Strong analytical and 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. Professional working proficiency in English language is required. OR Professional working proficiency in French and English languages are 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 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***