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We are looking for

Associate – Credit Associate (Healthcare)

Last update 13.06.2024
  • Business Overview:

    The portfolio of clients consists of investment grade and high yield groups, both leveraged and non-leveraged. Sound projection modelling skills are required. In the role, the Credit Analyst will interact and develop strong relationships with Risk partners, Delegation Holders, Bankers (i.e., Coverage) and Product Teams (among others, FX, IRD, Commodity, Equity, Global Trade Solutions, Loan Capital Markets, and Leveraged Finance Teams) including coordinating the credit process amongst the various Product and Risk teams to ensure an efficient and smooth turnaround of transactions.

    Candidate Success Factors:

    Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

    • Results and Impact
      • Able to influence peers and team.
      • Demonstrates good judgement when making decisions of high complexity and impact.
      • Exercise appropriate autonomy in the execution and delivery of work.
      • Responsible for driving outcomes, which have meaningful effect on team or department.
    • Leadership and Collaboration:
      • Creates trust with colleagues.
      • Acts in leadership capacity for projects, processes, or programs.
    • Client, Customer and Stakeholder Focus:
      • Able to build relationships with a mix of colleagues and clients.
      • Interacts regularly with management and department leaders.
      • Demonstrates the ability to influence stakeholders at the team level.
    • Compliance Culture and Conduct:
      • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
      • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

    Responsibilities:

    The Credit Associate will be responsible for managing corporate & LBO client relationships from a credit perspective. Specifically, the Credit Associate will be involved in:

    ·       Monitor the credit quality of a portfolio of assigned client names in the Healthcare Portfolio (pharma, medtech, healthcare services etc.), including investment-grade, high yield, and sponsor-owned clients. This includes periodic review of borrower financial statements, press releases, news articles, industry information, rating reports, peer analysis, etc.

    ·       Prepare credit proposals for assigned portfolio to be included in new originations, annual reviews, facility renewals, amendments, waivers, watch list reports, refinancing, and underwritings of new clients.

    ·       Coordinate the credit process with the relevant coverage, product, and risk teams to ensure an efficient turnaround of transactions.

    ·       Create and maintain client exposure and internal risk ratings using bank rating methodologies.

    ·       Participate in client calls (including bank meetings) as needed for due diligence on assigned client names.

    ·       Maintain reporting related to portfolio including deal flow, exposure tracking, and other general reports.

    ·       Interact with internal and external auditors during loan examinations. 

    ·       Interact with other bank branches to coordinate information on group or contributor strategies.

    ·       Mentor juniors and be a team player supporting and working with other team members, bringing value and contributing to the success of the Team


Minimum Required Qualifications:

·       Solid knowledge of loan structures, terms, credit agreements and projection modeling skills are required.

·       Knowledge of general banking products and banking practices

·       Understanding of the Healthcare sector is a plus but not mandatory.

·       Ability to multi-task and ability to work under quick turnaround times as needed in live deal transactions.

·       Good verbal and written communication skills; professionalism in dealing with Senior Bankers (Director and above) on a daily basis.

·       Self-Starter with ability to take initiative when working alone or with peers.

·       Proficiency in Word and Excel and knowledge of English language is required.

Preferred Qualifications:

·       Bachelor’s degree in Finance, Economics, Accounting or other similar areas.

·       4+ years prior experience in a Corporate Banking (preferably in corporate credit) environment or Rating Agencies covering corporate clients.

·       Experience with M&A transactions, LBO financing a plus.

FINRA Registrations Required:

 

  • Not Applicable

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

  • Not Applicable

SEC Security-Based Swap Dealer Associated Person:

  • Not Applicable

The expected starting salary range for this position is between $125,000 to $155,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

 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.

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Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

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