Trade Finance Specialist

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

To keep current on Trade Finance Guidelines and Regulatory/legal requirements by reference to related publications if available, active participation in designated in house or external training, and by on the job training. Ensure compliance with same by thorough check of own work.Wherever practicable, add value to the department by sharing your technical experience and knowledge with others.Utilize the various tools at your disposal to ensure assigned work is processed and completed within approved timeframes. Ensure management is kept updated on any potential problems relating to meeting deadlines, issues and or concerns.To acknowledge and if possible, resolve in a timely manner any inquiries received from internal and external clients. Escalate potential problems or seek clarification as appropriate.Be aware of, and adhere to, all internal / external deadlines paying particular attention to notifications required by internal clients.Perform Ad-Hoc tasks as directed by team leader/managers.

In detail

Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language (including Bid/Performance Bonds and Letters of Indemnity), and Import & Export Documentary credits and collections, and as appropriate, discussion with internal / external counsel and Trade Finance Advisor.Other responsibilities related to letter of credit processing include the issuance, advising/confirming, amendment, examination of documents, payments, SBLC automatic reductions (Evergreen) auto-extend, fee/expense processing (including billing and collection), billing of lading processing, unfunded risk participations, and preparation of general ledger batch files and general ledger reconciliations.Routine inquiries should be addressed and where possible resolved, in a timely manner.Be aware of and comply with all internal procedures and external regulatory/legal regulations or guidelines.

The strengths and skills that will help you succeed

• Technical LC experience (2-4 years) – knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98) including Uniform Commercial Code article 5 and ICC uniform Rules for Demand Guarantees (URDG 758)
• Bachelors Degree preferably with a Commerce stream
• Spanish language skills a plus
• Working knowledge of AML, OFAC Compliance regulations
• Familiarity with bank accounting systems a plus
• Microsoft Office with an emphasis on Word and Excel

General competencies

• Attention to Detail – quality and consistency
• Customer Service oriented (internal and external)
• Ability to maintain quality of service in a fast paced production flow (2-hour turnaround).
• Negotiating ability (internal and external)
• Problem solving/Analytical ability
• Maintain consistency of performance and compliance to operational procedures and management reporting guidelines.
• Ability to work flexible and or extended hours when necessary that includes weekends and bank holidays
• 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.

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(Opens in a new tab)

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@us.bnpparibas.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(Opens in a new tab)

About us

BNP Paribas 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(Opens in a new tab)

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

To keep current on Trade Finance Guidelines and Regulatory/Legal requirements by reference to related publications if available, active participation in designated in house or external training, and by on the job training. Ensure compliance with same by thorough check of own work.Wherever practicable, add value to the department by sharing your technical experience and knowledge with others.Utilize the various tools at your disposal to ensure assigned work is processed and completed within approved timeframes. Ensure management is kept updated on any potential problems relating to meeting deadlines, issues and or concerns.To acknowledge and if possible, resolve in a timely manner any inquiries received from internal and external clients. Escalate potential problems or seek clarification as appropriate.Be aware of, and adhere to, all internal / external deadlines paying particular attention to notifications required by internal clients.Perform Ad-Hoc tasks as directed by team leader/managers.

In detail

Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language (including Bid/Performance Bonds and Letters of Indemnity), and Import & Export Documentary credits and collections, and as appropriate, discussion with internal / external counsel and Trade Finance Advisor.Other responsibilities related to letter of credit processing include the issuance, advising/confirming, amendment, examination of documents, payments, SBLC automatic reductions (Evergreen) auto-extend, fee/expense processing (including billing and collection), billing of lading processing, unfunded risk participations, and preparation of general ledger batch files and general ledger reconciliations.Routine inquiries should be addressed and where possible resolved, in a timely manner.Be aware of and comply with all internal procedures and external regulatory/legal regulations or guidelines.

The strengths and skills that will help you succeed

• Technical LC experience (2-4 years) – knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98) including Uniform Commercial Code article 5 and ICC uniform Rules for Demand Guarantees (URDG 758)
• Bachelors Degree preferably with a Commerce stream
• Spanish language skills a plus
• Working knowledge of AML, OFAC Compliance regulations
• Familiarity with bank accounting systems a plus
• Microsoft Office with an emphasis on Word and Excel

General competencies

• Attention to Detail – quality and consistency
• Customer Service oriented (internal and external)
• Ability to maintain quality of service in a fast paced production flow (2-hour turnaround).
• Negotiating ability (internal and external)
• Problem solving/Analytical ability
• Maintain consistency of performance and compliance to operational procedures and management reporting guidelines.
• Ability to work flexible and or extended hours when necessary that includes weekends and bank holidays
• 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.

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(Opens in a new tab)

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@us.bnpparibas.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(Opens in a new tab)

About us

BNP Paribas 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(Opens in a new tab)

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

To keep current on Trade Finance Guidelines and Regulatory/Legal requirements by reference to related publications if available, active participation in designated in house or external training, and by on the job training. Ensure compliance with same by thorough check of own work.Wherever practicable, add value to the department by sharing your technical experience and knowledge with others.Utilize the various tools at your disposal to ensure assigned work is processed and completed within approved timeframes. Ensure management is kept updated on any potential problems relating to meeting deadlines, issues and or concerns.To acknowledge and if possible, resolve in a timely manner any inquiries received from internal and external clients. Escalate potential problems or seek clarification as appropriate.Be aware of, and adhere to, all internal / external deadlines paying particular attention to notifications required by internal clients.Perform Ad-Hoc tasks as directed by team leader/managers.

In detail

Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language (including Bid/Performance Bonds and Letters of Indemnity), and Import & Export Documentary credits and collections, and as appropriate, discussion with internal / external counsel and Trade Finance Advisor.Other responsibilities related to letter of credit processing include the issuance, advising/confirming, amendment, examination of documents, payments, SBLC automatic reductions (Evergreen) auto-extend, fee/expense processing (including billing and collection), billing of lading processing, unfunded risk participations, and preparation of general ledger batch files and general ledger reconciliations.Routine inquiries should be addressed and where possible resolved, in a timely manner.Be aware of and comply with all internal procedures and external regulatory/legal regulations or guidelines.

The strengths and skills that will help you succeed

• Technical LC experience (0-2 years) – knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98) including Uniform Commercial Code article 5 and ICC uniform Rules for Demand Guarantees (URDG 758)
• Bachelors Degree preferably with a Commerce stream
• Spanish language skills a plus
• Working knowledge of AML, OFAC Compliance regulations
• Familiarity with bank accounting systems a plus
• Microsoft Office with an emphasis on Word and Excel

General competencies

• Attention to Detail – quality and consistency
• Customer Service oriented (internal and external)
• Ability to maintain quality of service in a fast paced production flow (2-hour turnaround).
• Negotiating ability (internal and external)
• Problem solving/Analytical ability
• Maintain consistency of performance and compliance to operational procedures and management reporting guidelines.
• Ability to work flexible and or extended hours when necessary that includes weekends and bank holidays
• 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.

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(Opens in a new tab)

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@us.bnpparibas.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(Opens in a new tab)

About us

BNP Paribas 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(Opens in a new tab)

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