Business Overview:
North America Coverage is responsible for cross-selling an array of the firm's services across strategically targeted corporate clients in various business sectors. The Diversified Industries Coverage group manages clients in numerous sub-sectors, and the Credit Management team supports the Coverage bankers with all first line credit responsibilities. Within Diversified Industries sits the Real Estate, Gaming, Leisure (REGAL) and Engineering & Construction (E&C) Team.
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 portfolio of clients consists mostly of high yield corporate clients and LBOs in the REGAL and E&C sectors. Strong projection modeling and excel skills are required, as well as the ability to fluently navigate complex credit agreements and structures. In the role, the individual will be involved in conducting credit analysis for prospects, at origination, and during the entire client lifecycle in a hybrid origination / portfolio management 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.
Managing corporate and LBO client relationships from a credit perspective, including the following:
- Prepare credit proposals for live transactions in a deadline driven environment, including new client originations, M&As, underwritings, refinancings, and amendments in the REGAL and/or E&C sectors.
- Coordinating the credit process with coverage, product, and risk teams to ensure efficient turnaround of transactions.
- In credit proposals, conduct the structural/terms analysis, industry analysis, historical financial analysis, valuation analysis, and prepare/update projection models, while providing the key risks and mitigants.
- Monitor the credit quality of a portfolio of assigned high yield, sponsor-owned, and investment-grade clients, including completing annual reviews and regular monitoring.
- Present transactions/clients in Credit Committee and formal monitoring meetings (Quarterly Sector Reviews / Watch List).
- Become an expert in the industries covered by reviewing press releases, news articles, industry data, ratings reports, etc.
- Participate in client calls (including bank meetings) as needed for due diligence on prospects and assigned client names.
- Mentor juniors and be a team player, bringing value and contributing to the success of the Team.
- Interact with internal and external auditors during loan examinations.
Minimum Required Qualifications:
- Bachelor’s degree in Finance, Economics, Accounting or other similar areas.
- 5+ years prior experience in a Corporate Banking, Leveraged Finance, or Rating Agency environment.
- Ability to multi-task and work under quick turnaround times as needed in live deal transactions.
- Expert in excel, including strong projection modeling skills.
- Solid knowledge of loan structures and terms, and ability to navigate credit agreements proficiently.
- Strong presentation skills, including being comfortable interacting with senior management in a credit committee setting.
- Good verbal and written communication skills; professionalism in dealing with Bankers (MDs/Directors) on daily basis.
- Knowledge of general banking products and banking practices.
- Self-Starter with ability to take initiative when working alone or with peers.
Preferred Qualifications:
- Experience with M&A transactions, LBO financing a plus.
- Existing knowledge of REGAL and/or E&C sectors is a plus, but not mandatory.
- MBA and/or CFA (or progress towards CFA) a plus.
FINRA Registrations Required:
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
SEC Security-Based Swap Dealer Associated Person:
The expected starting salary range for this position at the Senior Associate level is between $140,000 to $155,000 annually. At the VP level it is between $165,000 to $200,000 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/
