Head of Credit Middle Office

Job Responsibility: HEAD OF CREDIT MIDDLE OFFICE (JOB NUMBER: OPS-120723-002-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

The mission of the Head of the Credit Middle office is to ensure that all deals made by the Front Office team are booked by the Middle Office and handed to the back office timely. The head of the Credit Middle Office is responsible for managing risk and ensuring that the transactions are correctly executed.

In detail

Guarantee the accuracy and integrity of the Credit Middle Office o By ensuring all settlements are met timely and all discrepancies are resolved daily. o By implementing procedures and controls that ensure the integrity of the suite of operating system's. o By ensuring the appropriate actions from all trade support ?MO? in properly updating trades o By archiving and storing all necessary supporting documents according to procedure. o By producing and/or providing information for exception reporting to spot trends and take corrective actions as necessary. Guarantee the efficiency of the Credit Middle Office: o By proposing and sponsoring system enhancements and other means of automation. o By minimizing miscellaneous expenses and monitoring staff costs very closely. o By proposing adjustments to resources to meet business needs. o By implementing KPI/KRI, analyzing the data and devising action plans for process and/or system improvements. Guarantee professionalism, motivation, service and quality: o By updating at least once a year, s and objectives o By actively reviewing and approving training requests on a selective basis. o By reviewing progress against objectives for all reporting staff at least once a year o By establishing clear communication channels between internal and external clients and operations o By monitoring staff performance as compared to defined responsibilities and addressing performance issues as they arise. Guaranty the safety and controls of the department: o By updating procedures at least once per year. o By instituting a regular schedule of spot-checking to ensure compliance with established controls and procedures. o By reviewing KRI with the Operations Control Department on a regular basis and updating as necessary o By continuously developing a control mentality in the department. o By regularly following up on all audit findings and implementing corrective action as necessary. Guarantee the adherence to global strategy: o By liaising regularly with other locations on procedures, systems, and other relevant topics that pertain to global functions. o By implementing locally, global guidelines set out by the head office. Contribute to the proper implementation of systems and system enhancements: o By ensuring that the needs of the Product Control departments are well understood by the parties involved. o By overseeing and contributing to the testing of new software releases and/or enhancements before implementation. o By effectively managing the IT resources to ensure a good return on investment

Oversee all closing aspects for the North American region

The strengths and skills that will help you succeed

• Knowledge in the Global Banking Operations services industry with transversal knowledge of a wide range of banking products and processes, such as Trade Finance Operations, Lending Operations, ALM, Cash Management, Payments, Management Accounting, and Financial Reporting
• Experience with banking applications (e.g. loan / credit management, trade finance, and cash management / payment applications), ability to develop understanding of the applications utilized by the Bank
• Excellent analytical and problem-solving skills - i.e. the ability to anticipate problems and solve them quickly and effectively

Ø Minimum 5 - 7 years of experience in middle / back office activities in banking operations, with 4+ years of supervisory experience strongly preferred.

Ø BS - Economics, Finance or other related field of study

Ø Knowledge of the English is required

Ø Very strong analytical and review skills in the review and reconciliation of accounting records and reports.

Ø Very strong written and verbal communication skills

Ø Very strong interpersonal skills to develop effective working relationships with others, train colleagues, and a willingness to share knowledge with team members.

Ø Ability to work independently and prioritize multiple tasks, work under time pressure constraints and to take ownership for the completion of tasks.

Ø Strong knowledge of financial industry and related products.

Ø Display a sense of curiosity, enthusiasm and eagerness to understand business constraints, environment and impact on regulation for the financial industry.

ESSENTIAL SPECIFIC REQUIREMENTS

• Experience with banking applications (e.g. loan / credit management, trade finance, and cash management / payment applications), ability to develop understanding of the applications utilized by the Bank
• Excellent analytical and problem-solving skills - i.e. the ability to anticipate problems and solve them quickly and effectively

Qualifications

Ø Minimum 5 - 7 years of experience in middle / back office activities in banking operations, with 4+ years of supervisory experience strongly preferred.

Ø BS - Economics, Finance or other related field of study

Ø Knowledge of the English is required

Ø Very strong analytical and review skills in the review and reconciliation of accounting records and reports.

Ø Very strong written and verbal communication skills

Ø Very strong interpersonal skills to develop effective working relationships with others, train colleagues, and a willingness to share knowledge with team members.

Ø Ability to work independently and prioritize multiple tasks, work under time pressure constraints and to take ownership for the completion of tasks.

Ø Strong knowledge of financial industry and related products.

Ø Display a sense of curiosity, enthusiasm and eagerness to understand business constraints, environment and impact on regulation for the financial industry.

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;
• If you are selected to participate in the recruitment process, please inform Human Resources of any accommodations you may require. BNP Paribas will work with you to ensure that you are able to participate fully in the process;
• 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;
• Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. These will be clearly mentioned in the qualifications of the 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 65 countries, with more than 190,000 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 1,200 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 Top Employer 2023
• Canada's Best Diversity Employer 2023
• Women in Governance - Parity certified - Gold certification
• CCDI Consulting Inc. (Canadian Center for Diversity and Inclusion)
• Pride at Work Canada
• Rainbow Accreditation issued by Canada's LGBT+ Chamber of Commerce (CGLCC)
• ROSEPH - Grouping of specialized organizations for the employment of persons with disabilities
• IndigenousWorks
• Part of Les Affaires top 300 companies in Quebec

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 **

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