The bank for a changing world

We are looking for

FRONT OFFICE CREDIT STRUCTURING – US MARKET

Apply REF: 1904GMFOS24888


BNP Paribas is a leading European bank with an international reach. It has a presence in 72 countries, with more than 202,000 Employees – including more than 154,000 in Europe and over 5,000 in Portugal alone.


BNP Paribas is present in Portugal since 1985, having been one of the first foreign banks to operate in the country. Today, BNP Paribas has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.


Worldwide, the Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.


BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutions, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (equity capital markets, debt capital markets, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.


Asset Finance and Securitisation (AFS) includes, among other businesses, Asset Backed Securities (ABS) and Credit Structuring (including Collateralized Loan Obligation (CLO) & Portfolio Financing).


Credit Structuring is seeking to hire an analyst to support its fast-growing business in the Americas.


RESPONSIBILITIES


The Analyst will be associated with the Credit Analytics function within Credit Structuring.


The primary job of the analyst would be to review and monitor the risk-taking in the underlying loan portfolios being financed. The position will provide an opportunity to gain:

  • Transaction experience across a large variety of Capital Market structured products (collateralized loan obligations (CLOs), senior portfolio finance, loan TRS, etc.), including involvement in live trades

  • client interactions as part of the due diligence calls with the Asset Managers’ Portfolio Management teams, to discuss credit views on the portfolio names

  • interaction opportunities across multiple Global Market desks as the analyst will work closely with the various stakeholders across the Leveraged Loan ecosystem within Global Markets – CLO Origination & Structuring, Structured Credit Trading, Loan Research, Loan Trading and Sales, Loan Syndicate, CLO research, RISK teams

  • Strong career potential through the development of a fundamental credit skillset applied to a

  • Structured product setting. 

Responsibilities:

  • In support of the CLO warehousing, Portfolio Financing and Loan TRS activity, process and review each name coming in vehicles:

  • Review company financials and relevant information, listen to earnings conference calls, and update written loan research reports for the various leveraged credits

  • Conduct in-depth fundamental industry and company analysis and participate in the approval process for the loan purchase

  • Participate in diligence calls for middle market warehouses and other vehicles - diligence calls on loan names are done with managers to analyse the risks of each transaction coming in the vehicles

  • Evaluate legal documents including credit agreements, bankruptcy filings, guarantee and security agreements, intercreditor agreements and indentures.

  • Ensure the regular risk monitoring and maintenance of the portfolio of transactions, including annual reviews, handing of loan events, completion of rating/GRR forms and the participation to the quarterly rating/GRR/capital review, risk dashboards on the performances of the portfolio.

  • Speak with Loan Trading and Loan Syndicate on relevant credit situations. Research credit/deal information on an as needed basis

  • Assist in the writing of internal Loan Market Reports. Gauge other relevant markets such as the high yield bond market for relevant transactions

  • Develop network of internal contacts across CLO Origination & Structuring, Structured Credit Trading, Loan Research, Loan Trading and Sales, Loan Syndicate, CLO research, RISK teams, in order to leverage and cross fertilize the market and risk intelligence across all internal stakeholders of the Leveraged Loan/CLO segments

  • Support the team’s administrative duties, transversal projects & ad hoc management requests.

Minimum Requirements:

  • Undergraduate degree with coursework in accounting and corporate finance

  • Fluent in English

  • Proficient with MS Excel


Additional qualifications (preferred)

  • MBA / Masters in Finance

  • Financial modelling experience

  • Experience with analysing sub-investment grade credit


Other Requirements

  • Intrinsic motivation to build expertise in corporate finance – with a focus on leveraged finance

  • Ability to manage the rigor and complexity of a remote working relationship, including

  • Managing expectations with regards to availability and delivery

  • responding quickly under pressure


BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.


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.

 

 


 
Primary Location: PT-11-LisbonJob Type: Standard / PermanentJob: SALES DEVELOPMENTEducation Level: Master Degree or equivalent (> 4 years)Experience Level: BeginnerSchedule: Full-time Behavioural competency: Ability to collaborate / TeamworkTransversal competency: Analytical Ability