Credit Risk Review Specialist

BNP Paribas

1mo ago

Job
Full-time
Senior Level
Banking & Finance
Québec

AI generated summary

You need 7+ years in credit risk analysis, strong credit skills, regulatory knowledge, proactive mindset, excellent communication, and a relevant degree; MBA or CFA is a plus. English proficiency required.
You will analyze credit portfolios, assess risk ratings, write reports, ensure compliance, evaluate provisions, and present findings to management while promoting ethical values.

Requirements

7+ years’ experience, including 5+ years in the field of credit and counterparty risk, ideally in a risk management, credit risk review, or a portfolio management role. Experience in analyzing financial institutions (banks, brokers, hedge funds, asset managers, insurers, and pension funds).
Strong credit analysis skills with a solid understanding of the credit process. Must be knowledgeable of and conversant with portfolio risk measurement and risk mitigation concepts and techniques. This includes :
Concepts of probability of default and loss given default.
U.S. regulatory credit rating system.
Ability to analyze deals in terms of protection, including structuring and security (collateral and guarantees).
Credit risk models.
Ability to ensure completion of reviews within budget.
Strong writing, verbal, and interpersonal skills are essential.
Must be able to write with clarity, precision, and conciseness.
Must be comfortable discussing findings and making recommendations with the appropriate balance of tact and professional assertion. Ability to “stand one’s ground” with confidence in the face of disagreement is essential.
Must be cognizant that audience includes all levels of management and external reviewers (including internal audit, external audit, and regulators).
Ability to discern essential matters amidst “background noise” is key.
Ability to communicate and interact with senior management as peers.
Ability to maintain relationships with senior and other levels of bank management to ensure transparent and open two-way lines of communication.
A proactive mindset :
Ability to anticipate and develop actions to address emerging issues before they become problems. This includes matters impacting the credit review function and the whole bank (this includes banking, economic, sector, and regulatory matters).
Disposition towards continuous improvement (in terms of how credit risk review operates, efficiency, and ways to increase the “value-add”).
A holistic/transversal view of the bank :
Ability to see how issues identified in one area may impact other areas.
Ability to alert all relevant members of bank management and bring parties together to collectively develop solutions.
Good knowledge of U.S. regulatory environment, particularly regarding credit risk review and credit and counterparty risk.
Includes experience interacting with bank regulators (including anticipation of and reaction to regulatory concerns, transparency of communication, and instilling confidence).
Ability to develop and maintain professional relationships with industry peers.
Bachelor’s degree in relevant subject area (e.g.: finance or accounting).
MBA and/or relevant Professional certification (e.g. : CFA) a plus.
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 the English is required.

Responsibilities

Acquiring a solid understanding of the reviewed activities
Applying knowledge of specific industry risks, to support the development of a credit review plan for the assignment.
Assessing adequacy and effectiveness of governance and management of credit risk.
Perform in-depth time bound reviews of credit portfolios to assess credit quality and validate the accuracy of the assigned counterparty risk ratings and loss given default rates and recommending changes, as necessary.
Individual credit reviews require thorough but succinct written credit analysis demonstrating an understanding of the following:
Obligor’s business and structure
Nature of facilities extended by the bank (ranging from plain-vanilla corporate loans to highly complex loan and derivative products) and exposure thereunder.
The bank’s position in the capital structure
Expected source of repayment
Collateral
Legal documentation
Obligor’s financial condition (profitability, balance sheet strength, cash flow and liquidity profile)
Ratings validations require:
Thorough understanding of relevant rating methodologies (including U.S. regulatory ratings)
Re-performance of ratings assessment
Assessing the quality of credit analysis performed by the business groups and the RISK Department and the quality of the underwriting.
Evaluating compliance with regulatory guidelines and bank policies.
Evaluating complex financing transaction structures and capital markets products and the associated risks and mitigants.
Ensuring that work is documented and communicated to stakeholders within an organized and prescribed framework.
Adding value to the area under review by raising relevant recommendations.
Writing quality recommendations (and sections of reports) in plain English.
Delivering clear presentations to Senior Management and management of Credit Risk Review.
Identifying actual and potential problem exposures.
Evaluating the appropriateness of the level of provisions for impaired credits. Assessment of provisions requires a thorough understanding of IFRS principles and involves challenging assumptions and re-performing discounted cash flow analysis if warranted.
Liaising, as required, with the appropriate regulatory examiners.
Developing and maintaining relationships within the bank.
Checking proper implementation of recommendations.
Keeping abreast of the evolution of standards and regulations through training, publications, and seminars.
Adopting and promoting strong ethical values (including abiding by and being a champion of the code of conduct and BNP Paribas’ commitment to diversity and inclusion).

FAQs

What is the primary role of the Credit Risk Review Specialist?

The primary role of the Credit Risk Review Specialist is to perform and lead risk-based reviews of the bank’s credit portfolio to identify credit weaknesses, informing management on how to best manage credit risk.

What qualifications are required for this position?

Candidates should have 7+ years of experience, including 5+ years in credit and counterparty risk, ideally in risk management or credit risk review roles. A Bachelor's degree in finance or accounting is required, and an MBA or relevant certification like CFA is a plus.

Is knowledge of U.S. regulatory guidelines important for this role?

Yes, a good knowledge of the U.S. regulatory environment, particularly regarding credit risk review and credit and counterparty risk, is essential.

How does the Credit Risk Review Specialist interact with senior management?

The specialist is expected to deliver clear presentations and communicate findings and recommendations to senior management, maintaining professional relationships for open and transparent communication.

What kind of work environment can I expect in this position?

BNP Paribas offers a dynamic and supportive work environment, emphasizing diversity, equity, and inclusion, alongside opportunities for personal and professional development.

Are there opportunities for career development within the company?

Yes, BNP Paribas provides excellent training and personal development programs, along with opportunities for career advancement both within the company and internationally.

What types of financial institutions should candidates have experience analyzing?

Candidates should have experience analyzing banks, brokers, hedge funds, asset managers, insurers, and pension funds.

How is work documented and communicated in this role?

Work must be documented and communicated within an organized framework, ensuring quality recommendations are written clearly and succinctly.

Do we support remote work?

Yes, we offer hybrid work arrangements, allowing for remote work up to 50%.

Is there a focus on ethical standards in this position?

Yes, promoting strong ethical values and adherence to the code of conduct is essential in this role.

What benefits are offered by BNP Paribas?

In addition to competitive compensation, benefits include flexible health programs, a defined contribution pension plan, paid volunteer days, and opportunities for training and development.

BNP Paribas

The bank for a changing world

Finance

Industry

10,001+

Employees

1848

Founded Year

Mission & Purpose

more than 190,000 employees, including more than 145,000 in Europe. BNP Paribas holds leading positions in its three major operating divisions: ⚆ Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval; ⚆ Investment & Protection Services for savings, investment and protection solutions; ⚆ Corporate & Institutional Banking, which is focused on corporate and institutional clients. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and Investment & Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.