The position at a glance
- 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;
In detail
- Measure and Monitor market and liquidity risks inherent to the trading desks or activities in the direct scope of the RISK analyst.
- Development of monitoring tools and reporting to the Business and Senior Management.
- Provide accurate and appropriate risk information and opinion to senior management and escalating risk topics as needed.
- Performing in-depth, ad hoc analysis, formulating an opinion and escalating as needed, on any and all market risk topics affecting the business line.
- Setting and ensuring timely review of market risk limits in line with Risk Appetite Framework.
- Participate in the definition and assessment of the risk management framework for new trades/products/activities through contribution and/or attendance to decision making process, in particular Exceptional Transactions, Transaction Approval Committees, New Activity Committees.
- Understand the model assumptions and their economical purpose.
- Tests and analysis of the impact on the valuation and risks of the books.
- Such changes coincide in general with system release requiring coordination with other teams (e.g. RISK Quants, Front Office Research Team, Trading and IT).
- Develop and compute Stress‐test scenarios and analyze the results.
- Contribute to the improvement of stress testing within Global Markets perimeter.
- Opine on the end of month valuations reviews (market parameters review, reserves and Prudent Valuations).
- Ensure processes remain exhaustive and the process run by the IPV team is robust and well documented.
- 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
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Bachelor's Degree in Math / Quantitative Finance / Engineering / Economics.
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Minimum of 5 years in risk management/quantitative financing/trading fields.
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In-depth understanding of market risk originated from various capital market activities, including derivatives (multi-assets). Knowledge in Credit Derivatives \& Distressed Debt/Restructuring is a plus.
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Understanding quantitative risk measures and related modeling / methodology (e.g., VAR, stress testing).
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Strong quantitative skills (Math, Probability/Statistics).
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Strong communication skills (being able to summarize and communicate efficiently).
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Good team spirit.
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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.
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Master in Math / Quantitative Finance / Engineering / Economics.
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Experience in Credit Derivatives and Distressed Debt.
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Knowledge of regulatory rules and impacts on Market Risk.
What's In It For You
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
About Us
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
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