Market Risk Analyst – Fixed Income Structured Products

Montréal, QC
Hybrid
Posted Oct 9, 2026
1 position

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Employment type: Full-time
Experience level: Senior · 5+ years
Minimum education: Bachelor’s degree
Posting language: English
Working hours: 40 hours per week
Office presence: 3 days per week
Seniority: Mid-Senior level

Job summary

Monitor market and liquidity risks across trading desks, develop risk reporting and tools, set and review limits, and escalate material risk issues to management. Conduct ad hoc analyses, stress tests, valuation and model-assumption reviews, and assess risk frameworks for new products while automating risk processes where possible.

Job details

Join one of Montreal’s Top Employers in 2026. We are a leading international banking institution fully committed to building a more sustainable future. The position at a glance The RISK function supports BNP Paribas’s mission by maintaining a robust risk management culture based on a long-term perspective and committed management. This role contributes to the bank’s stability by acting as a second pair of eyes to ensure all risks remain aligned with established policies. The main objective is to advise management on risk policy definition and provide critical alerts regarding the bank’s risk exposure. In detail Measure market and liquidity risks inherent to trading desks through continuous monitoring to protect the direct scope of activities. Develop monitoring tools and reporting for Business and Senior Management to ensure visibility into risk metrics. Provide accurate risk information and opinions to senior management by escalating critical risk topics as needed. Perform in-depth ad hoc analyses on market risk topics to formulate reasoned opinions for the business line. Set and review market risk limits according to the Risk Appetite Framework to ensure timely compliance. Participate in the assessment of risk management frameworks for new products through committee attendance to support informed decision-making. Test the impact of model assumptions on book valuations through rigorous analysis to maintain valuation integrity. Compute stress-test scenarios and analyze results to contribute to the continuous improvement of stress testing within Global Markets. Opine on end-of-month valuation reviews by examining market parameters and reserves to ensure robust documentation. Leverage new technologies to automate risk production and analysis to increase operational efficiency. The Strengths And Skills That Will Help You Succeed Bachelor’s Degree in Math, Quantitative Finance, Engineering or Economics Minimum 5-7 years in risk management, quantitative financing, or trading fields. The knowledge of English is required.* In-depth understanding of market risk from capital market activities to support multi-asset derivative analysis. Quantitative application of math, probability, and statistics when performing complex risk modeling. Collaborative communication when summarizing and relaying risk information efficiently to stakeholders. Supportive team spirit when coordinating with cross-functional departments and large-scale projects. Knowledge of quantitative risk measures and modeling methodologies like VaR and stress testing to ensure accurate measurement. Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Professional working proficiency in English language is required. While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted What’s In It For You Alongside a competitive compensation, we provide a comprehensive suite of flexible benefits designed to support your health, wellbeing, and long‑term success: Health & Wellness – A menu of flexible options for you and your family, including a 24/7 telemedicine service. Mental‑Health Support – Up to $5,000 per year for sessions with mental‑health practitioners, plus unlimited access through our Employee Assistance Program. Financial Benefits – A defined‑contribution pension plan and a range of additional financial perks. Paid Volunteering Days – Take time off to give back to the community. Learning & Development – Access to high‑quality training, personal‑development programs, and clear pathways for internal career progression across our global organization. Work‑place flexibility – Hybrid work is available for most roles. You’ll be required in the office at least three days per week, with one of those days being either a Monday or a Friday. To find out more about our range of benefits, click hre Diversity, Equity and Inclusion (DE&I) at the heart of our commitments BNP Paribas is committed to fostering a work environment where all employees can feel heard, valued, safe and supported, and can be their authentic selves. 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, the leading bank in the European Union and a major global financial institution, operates in 63 countries and has nearly 178,000 employees. Its mission is to foster a responsible, sustainable economy by financing and advising clients to the highest ethical standards while addressing environmental, regional development, and social inclusion concerns. With over 1,700 employees in Montreal and Toronto, BNP Paribas in Canada strives to develop long-term relationships with its clients by supporting their business strategies and meeting their financing and investment needs, both locally and abroad. Our certifications and partnerships Canada’s Top Employers for Young People 2026 Montreal’s Top Employers 2026 Canada’s Best Diversity Employers 2026 Women in Governance Platinum-Parity Certification LinkedIn Top Companies 2024 What You Need To Know BNP Paribas is committed to accessibility and inclusion. During the recruitment process, accommodation needs are available at all times for candidates. You will have the chance to make a request for an accommodation during your application. 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; If you are applying and accepted to a position which requires working in/for the U.S. securities industry, you will be required to provide your fingerprints and undergo additional background checks by the FBI. BNP Paribas Securities Corporation is required to maintain a supervisory program over the conduct of its Associated Persons; some of your personal data will be transmitted to the United States of America and made available to US regulators. Please reach out to BNPP for additional information; or you can also find an overview here: 3110. Supervision FINRA.org Do you want to discover other BNP Paribas offers in Canada? Click here: BNP Paribas in Canada Our job offers Protect yourself from fraudulent job postings. Emails about jobs at BNP Paribas will always come from addresses ending @bnpparibas.com @us.bnpparibas.com, @ca.bnpparibas.com, or @br.bnpparibas.com. You should be suspicious of emails regarding employment with BNP Paribas coming from any other domains and should not respond. BNP Paribas will never send payments to or request payments from candidates for positions posted by BNP Paribas.

What you’ll do

Requirements

A bachelor’s degree in mathematics, quantitative finance, engineering, or economics and 5–7 years of experience in risk management, quantitative finance, or trading are required. Candidates should have strong market-risk knowledge, quantitative modeling skills, familiarity with VaR and stress testing, and professional working proficiency in English.