Inspection Générale North America (“IGNA”)
is part of BNP Paribas’ global Inspection Générale (“IG”) group which is
staffed by audit, credit review and banking professionals who provide
assurance, investigative and special consultative services to BNP Paribas
worldwide. IG is highly regarded by executive and senior
management for its professionalism and the quality of its work. It has traditionally been a training ground
and talent “factory” for senior and executive management. IGNA, located in New York, has primary
audit and credit review responsibility for BNP Paribas’ activities in the United States.
Annual training will be provided on
all aspects of the bank’s business (including regulations) through internal and
external seminars/courses. Minimal
travel to other offices in the U.S. (Chicago, San Francisco, Houston and
Dallas) and Latin America (Sao Paulo) is required.
Candidates will be measured on the following four performance drivers
which will dictate how individual impact is considered on the Americas
- Results and Impact
- Leadership and Collaboration
- Client, Customer and Stakeholder Focus
- Compliance Culture and Conduct
- Participating in reviews of credit and
counterparty risk across the US non-retail platform in order to detect and
report on potential weaknesses in the credit approval and monitoring
process. Results of reviews,
including recommendations for improvement, are documented in written
reports to senior management.
- Results are also conveyed in formal
close-out meetings with senior management of the business line, Risk and
IGNA in attendance.
- Portfolios covered include: Corporate
Banking, Energy & Commodities, Project Finance, Media & Telecom,
Merchant Banking, Asset Securitization, Hedge Funds, Insurance, Banks,
- Acquiring a solid understanding of the reviewed
- Applying knowledge of specific industry risks,
in order to develop a credit review plan for the assignment
- Assessing adequacy and effectiveness of
governance, management and controls of credit risk
- Performing in-depth reviews of individual
credits to assess credit quality and validate the accuracy of the assigned
counterparty risk ratings and loss given default rates and recommending
changes, as necessary.
- Individual credit reviews require thorough
but succinct written credit analysis demonstrating an understanding of
- Obligor’s business and structure
- Nature of facilities extended by the bank
(ranging from plain-vanilla corporate loans to highly complex loan and
derivative products) and exposure thereunder
- The bank’s position in the capital structure
- Expected source of repayment
- Legal documentation
- Obligor’s financial condition
(profitability, balance sheet strength, cash flow and liquidity profile)
- Ratings validations require:
- Thorough understanding of relevant rating
- Re-performance of ratings assessment
- Assessing the quality of credit analysis
performed by the business groups and the Risk Department and the quality
of the underwriting.
- Ensuring that work is documented and
communicated to stakeholders within an organized and prescribed framework.
- Evaluating compliance with regulatory guidelines
and bank policies.
- Evaluating complex financing transaction
structures and capital markets products (including swaps, options,
futures, derivatives and securitizations) and the associated risks and
- Identifying actual and potential problem exposures.
- Evaluating the appropriateness of the level of
provisions for impaired credits.
Assessment of provisions requires a thorough understanding of IFRS
principles and involves challenging assumptions and re-performing discounted
cash flow analysis if warranted
- Assessing conformity of legal documentation
and quality of supporting security (collateral)
- Understanding business line performance in
terms of mandates, budgets, liquidity management, risk adjusted
profitability and capital consumption.
- Adding value to the area under review by raising relevant
- Writing quality reports with appropriate recommendations in plain
- Delivering clear presentations to Senior Management and management of
Inspection Générale North America
- Liaising, as required, with the appropriate representatives of the
Federal Reserve Banks of San Francisco and New York and the State of New
York Banking Department and their various regulatory arms and working
closely with them (in particular, response to First Day Letters,
communications to Management and monitoring of issues raised).
- Developing and maintaining relationships within the bank
- Providing direction and training to less senior members of the team
- Managing time and priorities while performing the credit reviews
- Checking proper implementation of recommendations
- Keeping abreast of the evolution of standards
and regulations through training, publications and seminars.
- Adopting and promoting strong ethical values (including abiding by and
being a champion of the code of conduct and BNP Paribas’ commitment to
diversity and inclusion)
- Bachelor’s degree
in Accounting or Finance
- MBA or CPA (or
equivalent) or CFA a plus
- 10 years financial
services work experience in the area of credit extension, underwriting,
review or analysis
- Strong credit
analysis skills with a solid understanding of the credit process and
control. Knowledge of leveraged
lending and the regulatory guidance thereon would be a strong plus.
- Strong writing,
verbal and interpersonal skills
- Must be comfortable discussing findings
and making recommendations with the appropriate balance of tact and
professional assertion. Audience
includes all levels members of management, including senior management.
- Strong interest in
expanding knowledge of banking products and processes
- Must be a
self-starter with a track record of critically evaluating processes from a
risk and efficiency standpoint
- A mix of credit review, risk department
and origination experience would be ideal but combinations thereof or
significant experience in one of these areas will also be considered.
BNP Paribas is
committed to providing a work environment that fosters diversity, inclusion,
and equal employment opportunity without regard to race, color, gender, age,
creed, sex, religion, national origin, disability (physical or mental), marital
status, citizenship, ancestry, sexual orientation, gender identity and gender
expression, or any other legally protected status.