Credit Analyst - UK, Corporate Coverage EMEA
Standard / Permanent
FINANCIAL AND TECHNICAL EXPERTISE
BNP Paribas Overview
The BNP Paribas Group is a leader in banking and financial services, employing over 200,000 people across 80 countries and 5 continents. BNP Paribas Corporate & Investment Banking (CIB) is a leading European investment bank with global leadership in many of our businesses. BNP Paribas CIB, with nearly 20,000 employees in over 50 countries, can offer you an exciting and truly global career.
At BNP Paribas CIB, we work continuously on behalf of our clients, helping them to realise their projects around the world. You can be an important part of this, helping us to serve our clients both in mature and emerging markets, providing them with financial solutions across a diverse range of expertise, products and services. Our origins lie in Europe but nearly a quarter of our employees now work in our multi-award-winning Asian offices and we are a committed player in all markets.
Strong risk management, combined with the stability that comes from being part of one of the largest banking groups in the world, underpin our success. Joining us, you’ll become an integral part of a dynamic team that spans nationalities, cultures and backgrounds, drawing together people from around the globe and reflecting our commitment to international placements.
• The Credit Analyst team includes c.20 staff in London, and reports to the Head of Credit Analysts, UK.
• The client base includes UK corporates and UK subsidiaries of overseas corporates, and ranges in size from small-caps to FTSE 100.
• The Credit Analysts are each responsible for an allocated portfolio of existing clients and prospect clients, and work together with the respective RMs for these. Where possible, the Credit Analysts are allocated specific sectors to focus on, and they are expected to develop an in-depth knowledge of these.
Overall Job Purpose
• To act as the key credit partner to the UK Coverage business.
• The primary role of Credit Analysts is to produce and present high-quality analysis and recommendations on a portfolio of corporate clients. This is done within the context of managing existing relationships (i.e. annual reviews and ongoing monitoring) as well as working on new requests (i.e. new banking facilities or amendments to existing facilities).
• The key goal of the Credit Analyst team is to ensure that the bank is able to develop client relationships whilst managing credit risk and meeting regulatory requirements. They do this by working closely with various stakeholders, notably the Relationship Managers (“RMs”) and the Risk function of the bank.
• The Credit Analysts add value through producing high-quality recommendations, managing the credit process and its stakeholders, sharing knowledge across the bank (e.g. sector knowledge) and by identifying opportunities and threats (e.g. early warning signs).
1. Provide a critical contribution to facilitate well-informed decisions in credit committees:
• Collect and analyse client information in order to properly present and mitigate risks (annual reports, web site info, broker notes, rating agency analysis, sector research, due diligence with RM etc).
• Deliver counterparty, transaction and credit risk analysis. This includes analysis of the business, sector, peer analysis as well as the financial risk profile (financial statement analysis, developing financial forecasts where appropriate). The analysis should include an objective recommendation on the counterparty rating and recovery rate, in line with the bank’s rating methodology.
• Produce high-quality, objective, concise credit proposals that are compliant with the bank’s guidelines, enabling credit committee to take an informed decision. These proposals should balance the commercial and risk aspects of the client relationship / transaction, and include analysis of the facilities (e.g. analysis of relevant legal documentation) as well as a clear recommendation on why the proposal is acceptable.
• The Credit Analyst is also responsible for planning ahead, to ensure that all annual reviews are completed by deadlines, and any urgent transactions are prioritised.
2. Bring added-value to the business:
• Deliver timely high-quality credit proposals that lay the ground for an efficient discussion in credit committee. The Credit Analyst is responsible for routing requests to the appropriate decision-makers. In the credit committee, the Credit Analyst presents jointly with the RM.
• From the credit analysis, derive intelligence helping to identify client solutions / business opportunities.
• Help the RM to identify the credit points that need to be discussed with the client (with direct client interactions in some cases).
3. Contribute to strong risk monitoring:
• The Credit Analyst has joint responsibility with the RM to monitor exposures for early warning signals (including covenant monitoring) and to keep up to date with developments that could materially impact credit quality, strategy and financing opportunities.
• Disseminate the appropriate updates on clients and, in case of material changes that could impact the client’s risk profile, alert all the main stakeholders.
• Guarantee the quality of client data inputs that are under the responsibility of the Credit Analyst team (such as updating the relevant systems with the counterparty’s financial statements).
• Keep up to date with knowledge of the bank’s credit policies.
4. Share information and develop intelligence, notably sector knowledge:
• Efficiently disseminate sector knowledge to relevant teams.
• Actively participate in the credit risk community across the bank.
• The Credit Analyst should participate in the continuous improvement of the credit process by proposing solutions or areas for improvement when necessary.
Skills and Qualifications Required
• Applicants should have demonstrable experience in producing and presenting credit analysis in a Commercial, Corporate or Investment Banking environment. However, applicants with a similar background (e.g. rating agencies) will also be considered. Ideally the applicant will be experienced in analysing companies from a range of different sectors.
• Strong understanding of the UK banking market, key banking products and related legal loan documentation.
• Excellent communication skills in English (verbal and written). Additional language skills advantageous.
• Excellent attention to detail, ability to work under time pressure and show persistence in following up key matters.
• Team player, with strong stakeholder management skills (influencing / negotiation / persuasion).
• Eager to improve his/her own performance (as well as that of the team) and take initiative.
• Educated to degree standard. Formal credit or accounting qualifications would be advantageous.
• Strong technical credit analysis skills (including financial statements analysis, sector research, and financial modelling skills).
• Knowledge of banking products from a credit risk perspective, including:
o Plain vanilla commercial and corporate banking products (overdrafts, syndicated lending, term loans, cash management, guarantees and performance bond lines).
o Global markets products (including swaps, currency, commodities and other derivatives).
• Excellent written and verbal communication skills.