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 Independent Review
& Control (RISK IRC) is a special unit within the RISK organization and
reports directly to the Group CRO. The independent review arm of the department
provides second line of defense for the use of various types of models and,
accordingly, is in charge of model risk management. RISK IRC is composed of a
Model Governance team and several Model Validation groups. The Model Validation
groups are responsible for performing an independent effective challenge of the
modelling choices in accordance with internal policies, procedures, and
standards under different regulations, such as the Federal Reserve Board letter
SR11-7. In addition, RISK IRC participate to validation projects for the BNP
Paribas Group based in Europe.
In detail
·
Conduct independent quantitative reviews of the models
used within BNP Paribas in accordance with internal standards and regulatory
guidance.
·
Conduct assessment of surveillance controls by sampling, providing
overall ratings and analytics.
·
Provide challenge of conceptual soundness,
reasonableness of model output, implementation and any other relevant modelling
aspects impacting fit-for-use.
·
Work with validation managers to develop an
appropriate validation plan to provide effective challenge commensurate with
the level of model risk.
·
Work closely with stakeholders in Compliance stream –
as well as with vendors – to help BNPP be compliant with model validation
requirements in all the areas we service.
·
Prepare and present written information in a clear, concise,
grammatically correct, and convincing manner; distribute reports to senior
management detailing risk assessment and concerns.
·
Identify and provide suggestions to enhance surveillance control
framework and/or assessment of controls methodology.
·
Achieve objectives within tight time constraints while balancing competing
priorities.
The strengths and skills that will help you succeed
Minimum Required
Qualifications
- Master’s degree in Finance, Economics, Statistics or any other
related quantitative field. - 3+ years of experience validating or developing models related to
market risks, or BSA/AML, Fraud, OFAC and financial crime models – ideally
those relevant to banking activities. - Attention to detail and ability to manage
multiple undertakings simultaneously and with different level of
granularity, with a focus on priorities and deadlines.
- Programming experience in statistical or mathematical languages
such as Python, R or SAS. - Experience producing high quality written technical documentation.
- Excellent communication and synthesis skills in addition to
critical thinking capabilities and passion for learning. - Knowledge of the English language.
Preferred
Qualifications:
In addition to the
minimum requirements, it is desirable for the candidate to be able to
demonstrate:
- Knowledge of the regulatory requirements (such as SR11-7, Basel,
etc.) - Exposure to trading desks, electronic trading market and
securities industry. - Strong knowledge of US banking regulations (e.g. SEC, CFTC and
exchanges) and associations under such federal agencies, including FINRA, NYSE,
CBOE, ISE, CME, NYMEX and ICE US.
- Quantitative and statistical knowledge of AI and
ML techniques, predictive modeling, statistical inference and probability,
clustering, etc. - Familiarity with US trading platforms (NTS).
- Knowledge of financial products (Fixed income, Equity derivatives,
commodities, etc.). - Familiarity with OCC/NYDFS standards or other similar regulatory
requirements globally.
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 **