International Guarantees Specialist
Apply NowCompany: BNP Paribas
Location: Montreal, QC H1A 0A1
Description:
In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2024. 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
Oversees the review of the incoming request from the corporate customer and the BNPP's network or other Banks for issuing International Bank
Guarantees (IG) and Stand-by Letters of credit (LC).
Assures that the request, text, product requested is in line with the customer's facility
Oversees the timely and accurate processing of day to day activity.
Interacts directly with the internal marketing staff, other operational areas, customers, Network and non-network banks for the issuance of IG and LC.
Ensures consistency of performance and compliance to operational procedures and management reporting guidelines.
Ensures management is kept updated on any potential problems relating to meeting deadlines, issues and or concerns.
Ensures that the Banks liabilities are properly processed into the different systems.
In detail
Provides quality service that supports the International Guarantee activities
Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language
Responsible for issuing, amending, advising, Confirming Guarantees and Stand-by Letters of Credit
Approves transactions
Handle the One World Guarantee portfolio for US banks
Follows procedures while reviewing the text and issuing the guarantee, that the accounting principles are respected when issuing and registering the fees in the systems.
Applies the customer's conditions in line with the facility
Obtain necessary approvals
Is up to date and complies to our procedures, international rules and regulations regarding our activity and on the sanctions that governing parties have communicated to the Bank.
Following Operational Rules & Procedures
Provides quality service that supports the International Guarantee activities
Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language
Responsible for issuing, amending, advising, Confirming Guarantees and Stand-by Letters of Credit
Approves transactions
Handle the One World Guarantee portfolio for US banks
Follows procedures while reviewing the text and issuing the guarantee, that the accounting principles are respected when issuing and registering the fees in the systems.
Applies the customer's conditions in line with the facility
Obtain necessary approvals
Is up to date and complies to our procedures, international rules and regulations regarding our activity and on the sanctions that governing parties have communicated to the Bank.
The strengths and skills that will help you succeed
Knowledge of the rules governing International Letters of Guarantees and Letters of Credit
ICC uniform Rules for Demand Guarantees (URDG 758)
Uniform Customs and Practices for Documentary Credits (UCP 600)
International Standby Practices (ISP 98)
Good knowledge of AML, OFAC Compliance regulations
Familiarity with bank accounting systems
Microsoft Office tools; Word and Excel
At least five years' experience in handling Bank guarantees and Standby
Letters of Credit
Ability to write clear and concise policies procedures documenting
departmental procedures
ESSENTIAL SPECIFIC REQUIREMENTS
Good knowledge of the LG's & LC's process
SKILLS AND BEHAVIOURS
Detail oriented - quality and consistency
Customer Service oriented (internal and external)
Problem solving/Analytical ability
Autonomy
Able to work under pressure
Teamwork
- 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 French and English is required.
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;
BNP Paribas is committed to accessibility and inclusion. If you need any accommodation during the recruitment process, you can contact accessibility [at] us.bnpparibas (dot) com
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;
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
BNPParibas is the top bank in the European Union and a major international banking establishment. Present in 63 countries, with more than 180,000 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 1,400 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's Top Employers 2024
Canada's Best Diversity Employers 2024
Women in Governance Parity certified - Platinum certification
Pride at Work Canada
Rainbow Accreditation issued by Canada's LGBT+ Chamber of Commerce (CGLCC)
Part of Les Affaires top 300 companies in Quebec
Synclusiv
Ready, Willing and Able
Autisme sans Limites
LinkedIn Top Companies 2024
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 **
The position at a glance
Oversees the review of the incoming request from the corporate customer and the BNPP's network or other Banks for issuing International Bank
Guarantees (IG) and Stand-by Letters of credit (LC).
Assures that the request, text, product requested is in line with the customer's facility
Oversees the timely and accurate processing of day to day activity.
Interacts directly with the internal marketing staff, other operational areas, customers, Network and non-network banks for the issuance of IG and LC.
Ensures consistency of performance and compliance to operational procedures and management reporting guidelines.
Ensures management is kept updated on any potential problems relating to meeting deadlines, issues and or concerns.
Ensures that the Banks liabilities are properly processed into the different systems.
In detail
Provides quality service that supports the International Guarantee activities
Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language
Responsible for issuing, amending, advising, Confirming Guarantees and Stand-by Letters of Credit
Approves transactions
Handle the One World Guarantee portfolio for US banks
Follows procedures while reviewing the text and issuing the guarantee, that the accounting principles are respected when issuing and registering the fees in the systems.
Applies the customer's conditions in line with the facility
Obtain necessary approvals
Is up to date and complies to our procedures, international rules and regulations regarding our activity and on the sanctions that governing parties have communicated to the Bank.
Following Operational Rules & Procedures
Provides quality service that supports the International Guarantee activities
Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language
Responsible for issuing, amending, advising, Confirming Guarantees and Stand-by Letters of Credit
Approves transactions
Handle the One World Guarantee portfolio for US banks
Follows procedures while reviewing the text and issuing the guarantee, that the accounting principles are respected when issuing and registering the fees in the systems.
Applies the customer's conditions in line with the facility
Obtain necessary approvals
Is up to date and complies to our procedures, international rules and regulations regarding our activity and on the sanctions that governing parties have communicated to the Bank.
The strengths and skills that will help you succeed
Knowledge of the rules governing International Letters of Guarantees and Letters of Credit
ICC uniform Rules for Demand Guarantees (URDG 758)
Uniform Customs and Practices for Documentary Credits (UCP 600)
International Standby Practices (ISP 98)
Good knowledge of AML, OFAC Compliance regulations
Familiarity with bank accounting systems
Microsoft Office tools; Word and Excel
At least five years' experience in handling Bank guarantees and Standby
Letters of Credit
Ability to write clear and concise policies procedures documenting
departmental procedures
ESSENTIAL SPECIFIC REQUIREMENTS
Good knowledge of the LG's & LC's process
SKILLS AND BEHAVIOURS
Detail oriented - quality and consistency
Customer Service oriented (internal and external)
Problem solving/Analytical ability
Autonomy
Able to work under pressure
Teamwork
- 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 French and English is required.
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;
BNP Paribas is committed to accessibility and inclusion. If you need any accommodation during the recruitment process, you can contact accessibility [at] us.bnpparibas (dot) com
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;
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
BNPParibas is the top bank in the European Union and a major international banking establishment. Present in 63 countries, with more than 180,000 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 1,400 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's Top Employers 2024
Canada's Best Diversity Employers 2024
Women in Governance Parity certified - Platinum certification
Pride at Work Canada
Rainbow Accreditation issued by Canada's LGBT+ Chamber of Commerce (CGLCC)
Part of Les Affaires top 300 companies in Quebec
Synclusiv
Ready, Willing and Able
Autisme sans Limites
LinkedIn Top Companies 2024
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 **