About the job
- The OVRK Private Credit Officer’s main mission is to ensure that Ownership Verification and Record Keeping (OVRK) procedures of Private Credit services are completed efficiently and in a timely manner while adhering to company quality standards
Your Main Activities Are
- Ownership Verification (OV)
- Verify Loan Agent notices processed against the information within the system to ensure that any notices that arrived are processed correctly
- Perform, as part of the daily OV process, reconciliation of documents, such as Loan Agent Notices, Trade Packs, Initial Agreements, with database
- Perform, on a semi-annual basis, for loan fund subject to OVRK, a Three-way reconciliation of client´s holdings between Loan Agents, Database and Fund Accountant
- Extract reports from database, archive documentation on dedicated platform and compute the final Certification Report and send to Depositary Fiduciary Services (DFS)
- Record Keeping (RK)
- Reconcile client’s holdings statement with database records, analyse and update Sentry records accordingly documents/information provided by the Asset Manager
- Investigate breaks by checking transactions or trades file with OV documents and confirm data consistency
- Update positions record, via upload file with all transactions that have affected the position or will liaise with Asset Manager to justify the differences
- Ensure client satisfaction by following up on their instructions, ensuring that queries are handled in a timely manner and respecting the norms and standards, escalating non solved queries and potential incidents, with internal or external stakeholders depending on escalation procedure in place
- Follow-up with clients to obtain missing key information or documentation required
- Participate on continuous improvement or efficiency projects, by raising enhancement topics and contribute to implement them
Profile and Skills to Success
- Bachelor's degree in Business Management, Economics, Accounting or any related field
- Fluency in English both oral and written with great communication skills
- Up to 2 years of relevant professional experience
- Proficiency in Microsoft Office tools, namely Excel
- Great team spirit with the ability to communicate, interact and engage in an impactful manner
- Great attentiveness to detail and sense of responsiveness and quality of service
- Ability to cope with pressure and adapt to changing priorities
About the Team
- The Portugal Private Credit Center of Expertise team forms part of the wider Loan Solutions team within the Alternative Investors (AI) client line, working in collaboration with the Private Capital teams
- Loan Solutions is engaged in the delivery of product and solutions to Asset Manager and Asset Owner clients investing in Private Credit (corporate loans), Infrastructure Debt and Real Estate Debt. The team’s purpose is the delivery of client solutions and services designed specifically for General Partners investing in private assets, direct loans and broadly syndicated loans in particular
- The main services delivered by the Portugal Private Credit Center of Expertise team are:
- Loan Administration
- Collateral Administration
- Middle Office Services
- Ownership Verification and Record Keeping (OVRK)
- Loan Trade Closing – where relevant
- Primary role focus is the AI client line and client segment, however the team’s coverage also encompasses service delivery for Asset Owners, traditional Asset Managers investing into Private Credit asset classes, and BNPP CIB Global Markets
#LI-Hybrid
Why joining BNP Paribas?
- Leading banking institution
Leading player in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe
The Group holds key positions in several areas of banking and financial services that are structured around three operating divisions:
- Corporate & Institutional Banking (CIB) connects companies needing financing and institutional clients looking for investment opportunities division that offers tailored financial solutions for corporate and institutional clients.
- Commercial, Personal Banking & Services (CPBS) brings together all our commercial banks and several specialised businesses
- Investment & Protection Services (IPS) combines a unique continuum of products and services across protection, saving, investment and real estate including specialised businesses offering a wide range of savings, investment and protection services
In Portugal since 1985, BNP Paribas today has more than 9.220 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 centres of expertise providing value-added services to various countries where the BNP Paribas Group also operates.
- Diversity and Inclusion commitment
BNP Paribas ´ambition is to cultivate an open and responsive environment for all that encourages collaboration and interaction. We demonstrate our commitment by actively contributing to the Group’s Diversity and Inclusion strategy and goals, in line with the United Nations Sustainable Development Goals. As part of our local Corporate and Social Responsibility – Diversity & Inclusion strategy, BNP Paribas Portugal is committed to:
- Promote a fair and unbiased recruitment process and offer professional development opportunities to all employees
- Celebrate diversity and advocate for inclusion, both externally and internally, encouraging employee’s participation, creating space for different voices to be heard.
To foster the effort of BNP Paribas Portugal, multiple initiatives and events take place throughout the year where our people can find out more on the importance of diversity inclusion at the workplace and in our society.
- Remote Working Conditions
At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working options adapted to our hybrid working environment. To ensure a comfortable and efficient working setup, eligible employees are provided with both office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional items at reduced prices.
- Commitment towards work/life balance
Supporting employees in a hybrid way of working while providing them with the means to maintain a work-life balance is an essential dimension of our Smart Working program. At BNP Paribas, we care about our employees’ wellbeing and promote a culture of good integration between work and personal life.
To find out more on why you should join BNP Paribas please read our Employee Value Proposition and our Career path page.
* Please note that only applications submitted in English will be considered.
* In case you are selected for this role, further documentation will be requested to support your hiring process.
