GROUP BNP PARIBAS
BNP Paribas Group is the top bank in the European Union and a major international banking establishment. It has close to 185,000 employees in 65 countries. In Spain we are more than 5,100 employees within 13 business lines.
CIB
BNP Paribas Corporate & Institutional Banking provides large companies, multinationals and financial institutions with various solutions in the areas of advisory, financing, transactional banking, capital markets, settlement, clearing and custody of securities, asset and fund management services and solutions for corporate issuers. It has 620 professionals in Spain with offices in Madrid, Barcelona, Bilbao and Coruña. The entity has a network present in 56 countries.
ABOUT THE JOB
This role sits within Capital Markets, which is a platform designed to provide a fully integrated offer across debt and equity, and work closer with its issuer and investor clients.
Within this, Leveraged Finance EMEA’s mission is to serve the Bank’s corporate and private equity clients, by originating, structuring and executing High Yield Bond and Leveraged Loan transactions.
Leveraged Finance EMEA has representatives in several countries including the UK, France, Belgium, Italy, Germany and Spain and is structured around:
- Leveraged Finance Originators
- Structuring and Execution Group (SEG)
- Sponsor Debt Coordination
- TMT Finance Coordination
The Structuring and Execution Group is a central component of Leveraged Finance supporting senior originators marketing, structuring, and executing High Yield Bond and Leveraged Loan transactions on a pan-European basis.
MISSION
As an Analyst/Associate, the role holder will be accountable for the delivery of assigned activities (with increasing degree of complexity depending on seniority) in relation to transactions within Leveraged Finance. They will be expected to assist on a full range of activities in their team, including marketing, structuring, executing and regulation activities.
RESPONSIBILITIES
- Depending on seniority, tasks may include:
- Assisting in the origination of LBOs, refinancing, recaps and other event driven financings for Leveraged Finance clients
- Manage day-to-day execution of Leveraged Finance deal activity
- Preparing pitch books for client meetings (often working together with Advisory, ECM, Leveraged Loans and HYB Syndicate, Rating Advisory), interacting with relevant internal stakeholders
- Writing credit papers for credit committee and manage internal credit/approval process
- Building and analysing financial models (P&L, Cash Flow, Balance Sheet) including preparing figures for assessment of potential external rating impact(s)
- Manage transactions post-closing when applicable
- Perform background industry and company research; synthesising information from diverse sources
- Track developments in the market, preparing pricing and market updates for clients as relevant
- Adheres to and applies existing policies and procedures within established guidelines related to Leveraged Finance to all tasks in order to reliably deliver routine outputs for clients with a high standard of quality.
- Interacts with internal parties in both marketing and execution with some autonomy to drive effective delivery of all tasks.
- Involved in client and advisor (eg lawyers) communication and has full autonomy for routine tasks, with appropriate oversight.
- Works under own initiative where possible, but refers more complex and technical issues to more senior colleagues in a timely manner for resolution and advice. Where appropriate, may delegate some tasks to junior team members. Engages with senior team members on both commercial and technical aspects of transactions.
- Prioritises workload as required to support the team and achieve their personal development and growth objectives within agreed timescales.
- Collaborates with team members and other teams and begins to offer solutions to problems.
REQUIREMENTS
- Professional qualification required with technical and broad understanding to an intermediate level of leveraged debt markets. Understands the market, credit, operational, compliance, legal, regulatory and reputational risks of transactions undertaken by the Leveraged Finance team.
- Typically requires a university degree as an indicator of an ability to understand and apply complex theoretical concepts, although may have progressed into the role via equivalent business experience.
- Strong analytical, modelling skills and ability to meet deadlines under pressure.
- Capacity to understand clients’ needs and provide a first level of answer within perimeter of responsibilities.
- Strong personal focus on accuracy and attention to detail and able to review and improve work of more junior colleagues.
- Good knowledge of BNP Paribas, the industry, and its products / services, with a demonstrable capacity and willingness to continue to develop market awareness autonomously and to learn and improve performance. Good awareness of credit and capital market risks.
- Good written and oral English skills in order to articulate technical issues associated to work area. Knowledge of another European language is a plus.
- Able to coach and support colleagues in their performance and development.
- Computer literacy and a good knowledge of a range of standard computer software, e.g., Microsoft Office, email. Experience in using investment banking databases (e.g. Factset, Dealogic, Bloomberg).
- And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
BENEFITS
• Training programs, career plans and internal mobility opportunities, national and international thanks to our presence in different countries.
• Diversity and Inclusion Committee that ensures an inclusive work environment. In recent years, several employee communities have been created to organize diversity and inclusion awareness actions (PRIDE, We Generations and MixCity).
• Corporate volunteering program (1 Million Hours 2 Help) in which employees can dedicate time out of their working hours to volunteer activities.
• Flexible compensation plan.
• 31 vacation days.
Diversity and inclusion commitment
BNP Paribas Group in Spain 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/paternity, 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.