Financing product support distressed Credits and Tax Equity Specialist

Job Responsibility: FINANCING PRODUCT SUPPORT DISTRESSED CREDITS AND TAX EQUITY SPECIALIST (JOB NUMBER: GBA-112723-001-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

Part of Credit & Portfolio Management Americas, Loan Transaction Support (LTC) is a transversal team serving the CIB Americas Corporate Platform with focus on three key missions:

i. Serve as the first level of control to safeguard the Bank by applying effective, accurate and timely controls to address regulatory, compliance, operational and credit risks

ii. Provide client service and transaction execution support to facilitate best-in-class solutions for our clients

iii. Perform tasks requiring situational banker support, complex transaction management, and specialized sector knowledge

In detail

• Support the Bank's asset workout team (Value Preservation Group) on the Bank's distressed asset portfolio and restructuring activities
• Work with Accounting Norm, Finance, and Operations on the closing of restructurings, including the accounting treatment and workaround solutions to accommodate bookings of unique transactions
• Manage the Bank's provision tool (MIRO) and provide guidance on the accounting requirements and provisioning methodology.
• Serve as subject matter expert (SME) for various credit and regulatory topics for distressed credits
• Perform GRR back-testing for doubtful files
• Provide middle office support for tax equity portfolio, including participating in New Activity Committee/Transaction Approval Committees and working with Accounting Norms, Finance and Operations to develop operational framework
• Update valuation models for tax equity investments on a quarterly basis and provide MTM changes to Finance

The strengths and skills that will help you succeed

5+ years' experience in relevant skills

• BS or MBA degree in Finance, Accounting, or related fields

• Knowledge of the financial/banking industry

• Excellent verbal and written communication skills

• Audit and/or Consulting background, a plus

• IFRS Accounting knowledge

• Able to express technical and business concepts orally and in writing

• Proficiency in Microsoft office (Excel, PowerPoint)

• Analytical and detail oriented

• Strong organizational skills with the ability to multi-task

• Knowledge in English is required

FINRA Registrations Required: None

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 **

Primary Location

: CA-QC-Montréal

Job Type

: Standard / Permanent

Job

: CUSTOMER RELATIONSHIP MANAGEMENT Education Level : Bachelor Degree or equivalent (>= 3 years) Experience Level : At least 5 years

Schedule

: Full-time