Credit Analyst

6 days ago


Montréal, Canada BNP Paribas Full time

CREDIT ANALYST - INSURANCE, PENSION FUNDS & SPECIAL CREDIT (JOB NUMBER: FIC-020224-001-SOS)

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2023. 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**

Financial Institutions Coverage (FIC) is a global coverage group specializing in the Financial Institutions sector. FIC aims to build long-term relationships with key clients and gain insight into client strategy and targets to provide original and integrated ideas and solutions.

Within FIC, FIC Credit Team is responsible for completing the credit analysis for financial institutions clients (including due diligence when necessary).

In particular, the Team ensures that credit analysis and recommendations are provided in due time for Banks, Insurances, Sovereign, Brokers, other non-banks financial institutions, pensions funds, funds, hedge funds, regulated funds, funds of hedge funds, agency arrangements and asset managers.

The Credit Team performs credit analysis and provide credit recommendations on their respective perimeter to Credit Committees, Transaction Approval Committees when the credit opinion on a specific counterparty is required, other RISK entities, Business Units or functions in response to general enquiries, Portfolio review committees.

The Credit Team is a main partner for the Senior Credit Officers and their Business binomes for the clients covered by the financial institution credit process and is in permanent interaction with other business lines for uncovered clients.

**In detail**
- Prepare and present annual credit reviews and new requests for insurance companies, pension plans, mortgage companies within the Americas to Credit Committees.
- This process includes comprehensive financial 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 financial institutions.
- Capital markets: derivatives (swaps, foreign exchange, credit and equity derivatives), repo, securities lending, prime services.
- Corporate banking: bilateral and syndicated revolving credit facilities, letters of credit, and structured financing solutions
- Coordinate all aspects of a credit 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.

**The strengths and skills that will help you succeed**
- BS/BA required (with finance or economic background preferred).
- 5-7 years previous experience in credit risk (or banking) covering insurance companies.
- Self-starter and highly motivated to learn a variety of financial institution industry sectors and capital markets products.
- 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)
- Knowledge in English is required
- Knowledge in capital markets products and related legal documentation (ISDA, CSA, GMRA )
- Knowledge in corporate banking transactions
- Proficient in MS Word, Excel, PowerPoint
- Formal credit training at previous financial institution is a plus

***

**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,



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