Credit Risk Analyst – Hedge Funds

November 23, 2021
Employment contract
Standard / Permanent
Location
CA-QC-Montréal
Job / Mission
RISKS
Reference
RISK-171121-001-AL
Apply for this job

RISK Mission Statements:

  • To advise the Bank’s Management on risk appetite definition
  • To contribute as an objective “second pair of eyes” that risks taken on by the Bank align with its policies
  • To report and alert Bank Management of the status of risks to which the Bank is exposed
  • To contribute to the development and growth of the risk culture within the Group

RISK’s main responsibilities are:

  • Credit and counterparty risk, market risk, funding and liquidity risk, as well as interest rate and FX risk of the Banking book, insurance risk and operational risk.
  • RISK covers all Group’s activities and geographies.
  • Provide a holistic view of the risk profile to the Bank’s Management and Board, by coordinating with the relevant Functions to ensure relevant risk assessment, aggregation, and reporting.

RISK I2S, which is part of RISK CIB, is responsible of the credit risk profile for all institutional clients, intragroup entities, and market infrastructure entities, as well as their related credit approval processes.

RISK I2S Credit Analyst’s Responsibilities:

  • Prepare and present annual credit reviews and new requests to credit committees for Hedge Funds 
    • This process includes comprehensive analysis on the counterparty and comparison with its peers, recommendation of rating using internal rating models, and expression of credit opinion.
  • Analyze capital markets and corporate banking transactions with hedge funds. 
    • Capital markets: derivatives (swaps, foreign exchange, credit and equity derivatives), repo, securities lending, prime services. 
    • Corporate banking: import and export trade finance transactions, and syndicated loan participations. 
  • Coordinate all aspects of the credit risk process in liaison with Coverage, Business, and other Functions.
  • Review counterparty credit exposure excesses on financial institutions reported by the Credit Risk Control team.  
  • Co-ordinate with Legal Department to execute legal documentation by providing credit-sensitive terms.
  • Review all legal documentation during annual review, ensuring all necessary documents are in place (including guarantees) and being familiar with the products covered under ISDA/CSA, PSA/ISMA, and SLMA.
  • Work closely with Relationship Managers, Traders, Market Risk, Legal and Operations personnel to structure transactions to mitigate diverse forms of risk.
  • Support all business lines credit requests / transactions for BNP Paribas’ clients.  
  • Effectively handle multiple tasks and review several files simultaneously through effective prioritization of requests (in conjunction with immediate supervisor) and sound organizational skills.
  • Participate to internal exercises to review exposures and ensure data quality for counterparties.
  • Keep up to date with industry risks/trends, including credit, regulatory, and legal issues.

  • BS/BA required (with finance or economic background preferred).
  • 8+ years’ experience in capital markets or credit risk analysis
  • Good understanding of derivative transactions
  • Clear communication skills to firmly and confidently express credit decisions & opinions. 
  • Ability to organize time and meet deadlines/deliver requests on time.
  • Ability to work in a team environment: interacting with other credit analysts, relationship managers, front office sales persons, and clients.
  • Proficiency in Word and Excel (spreadsheet analysis).
  • Fluency in English.

Preferred Qualifications:

  • Knowledge in capital markets products and related legal documentation (ISDA, CSA, GMRA…)
  • Formal credit training on funds within a financial institution
  • MS, MBA, CFA or FRM is a plus