Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Financial Institutions Coverage (FIC) is a global coverage group specializing in the Financial Institutions sector. FIC aims to build long-term relationships with key clients and gain insight into client strategy and targets to provide original and integrated ideas and solutions.
Within FIC, the Institutional Credit Analysis Team (ICAT) is responsible for completing the credit analysis for financial institutions clients (including due diligence when necessary). In particular, the Team ensures that credit analysis and recommendations are provided in due time for Banks, Insurances, Sovereign, Brokers, other non-banks financial institutions, pensions funds, financial sponsors, hedge funds, regulated funds, funds of hedge funds, agency arrangements and asset managers.
The ICAT Team performs credit analysis and provide credit recommendations on their respective perimeter to Credit Committees, Transaction Approval Committees when the credit opinion on a specific counterparty is required, other RISK entities, Business Units or functions in response to general enquiries, Portfolio review committees.
The ICAT Team
- Guarantees the quality of credit files and portfolios (notably by complying with regulatory framework e.g. Basel III requirements and including credit policies, rating policies and other Group guidelines),
- Develops local market intelligence by performing desk research (financial statement analysis, monitoring of published research),
- Maintains a network of Business contacts and performs on site due diligence, guarantees that available local market information and views on risk issues are communicated swiftly and effectively. ICAT is a main partner for the Senior Credit Officers and their Business binomes for the clients covered by the financial institution credit process and is also in permanent interaction with other business lines for uncovered clients
- Guarantees the selection and the follow up of counterparties considered Doubtful, under Watch List or sensitive list, evaluates the accurate level of provisioning.
Job Purpose
Will be part of a team:
• Responsible for completing credit analysis on a portfolio of Banks and Financial Institutions to facilitate informed credit decisions,
• Develop an in-depth understanding of the counterparties/groups under his/her responsibility and develop market intelligence by investigating all available sources of credit and financial information,
• Monitor permanently the portfolio under his/her responsibility, developing market knowledge, anticipating risk to detect any credit issue requiring a specific review,
• Assist in conducting annual and interim reviews,
• Produce in due time and present in Credit Committee a factual summary of client’s credit worthiness (credit proposal), compliant with the Bank’s guidelines,
• The credit proposal includes a recommendation on the ratings, the limits, the legal credit terms and the risk strategy vis-a-vis the client,
• Perform credit analysis and when trained, issue recommendations for delegation holders (Credit Officers, Senior Credit Officers) on the counterparties/groups,
• May take turns in the flow transaction deal duty,
• Develop a good knowledge of the banking environment: capital market products, legal documentations, accounting and regulatory environments,
• Contribute to due diligences in collaboration with Bankers, Credit officers and SCOs,
• Contribute to portfolio reviews when required,
• Keep abreast of the changing methodologies and credit policies.
The Intern
• Will be trained on the job and is expected to get up to speed quickly on all policies and procedures,
• Will assist with many less complex requests as delegated by team mates,
• Will cover a number of contribution files for larger global annual reviews,
• Is expected to be proactive in all aspects of the job.
• Interact with Coverage Bankers, Business Lines and RISK teams, seeking an impactful and early stage contribution to credit decisions,
• Interacts in full transparency with the Binome (SCO & FIC Relationship Manager),
• Attend when necessary discussions forum under the leadership of the Binome,
• Prepare credit proposal in the light of FIC commercial strategy, coverage memo, and of any material information (transaction or risks) provided by the RM Pilot or the Binome,
• Contribute together with the Binome to the identification of the credit points that need to be discussed with the client (during Due Diligence for example),
• Discuss the requests of Credit limits with the Business Lines,
• Work with Coverage of Financial Institutions and Business Lines to mitigate risk related to the counterparties • Initiate due diligence‘s meeting or credit review,
• Interact with nearshore Credit platforms for reviews of files, methodological support, training, new joiners' welcome programmes, etc.
Guarantee
• Guarantee objective, qualitative and synthetic credit risk analysis and recommendation (Annual review, ad hoc, credit notes, comparative analysis) on the portfolio for which they are responsible,
• Guarantee the application of Bank’s procedures and policies and the consistency of Bank’s ratings.
Manage
• Manage the annual review process and Ad Hoc requests according to their complexity, strategic importance and level of risk,
• Manage the appropriate risk monitoring, jointly with CRC when applicable,
• Ensure excesses are quickly reviewed and limits assigned where credit appetite allows.
Contribute
• Contribute to the risk strategy definition by providing recommendation on the risk profile of the counterparty and on specific transactions in relationship with the appropriate stakeholders,
• Contribute to the Bank’s reactivity vis-à-vis clients’ expectations by prioritizing urgent requests under his/her responsibility with his/her manager,
• Contribute to the exposure and risk monitoring o/w reports on exposure and excesses,
• Contribute to transversal projects, crisis management and excess management,
• Contribute to the quality of process: use adequately the credit process’ flow and workflow system, maintain critical client data, interact efficiently ahead of credit committee with the various stakeholders of the credit process,
• Contribute to the development/update/filling in of policies, reports and risk tools, to the Credit Process optimization and to the identification of best practices,
• Contribute to & Attend at the Watch List and Doubtful committees on owned portfolio,
• Contribute to the Due Diligence process & Attend at the adequate committees in collaboration with Credit Officers & SCOs.
Essential:
• Education: Master’s Degree/MSc/Master 2 or equivalent from Business School or University in Banking, Finance, Economics, Risk Management, Financial Markets or other relevant areas.
• Experience: Some experience, internship, graduate or pre-graduate experience is preferable.
• Language(s): English (fluent).
• Skills:
- Strong and proven analytical skills (proficient),
- Adaptability and proactivity, multitasking,
- Strong presentation and communication skills (verbal and written) (expert),
- Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint) (proficient),
- Solid knowledge and understanding of banking and financial markets (proficient),
- Understanding of Corporate Banking and Capital Markets products (proficient),
- Self-driven and organized (expert),
- Rigorous and reliable.
Preferred:
• Language(s): Additional Language would be welcomed.
• Skills:
- Advanced knowledge of Legal documentations credit terms (ISDA, CSA, etc.),
- Product knowledge (derivatives),
- Other IT skills (Python , R).
• Be a role model, supporting and fostering a culture of good conduct.
• Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks.
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile).
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
• Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
• You may only apply to four Long Term Internships over the course of a year. These may be across any business area.
• Successful candidates for this long term internship will be considered for London ONLY.
Unsuccessful candidates’ CVs will be shared with other teams within BNP Paribas and considered for potentially suitable roles. In this way we hope to maximise opportunities for candidates and hiring teams. By submitting your CV for this role you agree to it being shared securely with other hiring teams within BNP Paribas for the relevant recruitment round.
