Credit Middle Office Expert

Employment contract:

Standard / Permanent

Location:

Dublin, County Dublin, Ireland

Job/mission:

OPERATION PROCESSING

Reference:

0029

Job Title

Credit Middle Office Expert

Business Unit

Credit Services Middle-Office

Contract Type

Permanent

Location

Termini, 3 Arkle Road, Sandyford, Dublin

 

About BNP Paribas:

At BNP Paribas, we center our values on what drives the company forward. Our driving forces are Agility, Client Satisfaction, Compliance Culture and Openness.

Ø  Agility: we want to behave more simply to embrace useful innovation and digital transformation.

Ø  Client Satisfaction: we believe that our success lies in being the customers’ and clients’ preferred choice. We seek to listen carefully to them and work closely with them.

Ø  Compliance Culture: We believe in promoting clear rules to foster a strong culture of compliance and ethics.

Ø  Openness: We promote open-minded attitudes towards our stakeholders. We aim for everyone in Group to feel included, to have their say and be empowered.

 

Our strengths are based off four key areas of Stability, Expertise, Responsibility and Good Place to Work.

Ø  Stability: we build upon our solid, long-term oriented management, our diversified and integrated business model and our international footprint.

Ø  Expertise: We build upon our recognized and expanding knowledge of our teams.

Ø  Responsibility: We build upon our culture of responsibility and integrity to ever better serve the interest of our customers.

Ø  Good Place to Work: We foster a stimulating workplace where people are treated fairly and with respect.

 

Role:

The Middle-Office is an independent Control Function supporting all Financing Activities in Dublin establishing a structured Control & Support Layer between the Business Lines and the Functions. The Role of the Credit Middle Office Expert is two-fold a) Supporting the Business structure & onboard New Products/Credits and b) Controlling the Credit from Drawdown through to Reimbursement and managing deal lifecycle events.

Dublin Branch being the Supply Chain financing Hub for BNPP CIB EMEA: Payables, Receivables and Inventory financing represent most of our portfolio. We are also managing vanilla corporates loans or guarantees. 

The Role is within the Middle-Office. The Middle-Office is truly in the Middle and in this respect with direct control responsibilities & also a co-ordination/conductor role with the Business Line and Functions. The Credit Middle Office Expert develops and maintains the knowledge base of the Credit Products and maintains a live view on the control status.  

The Business Line assumes overall accountability with the execution delegated to the Middle-Office. The Senior Credit Product Expert & Controller shall always escalate on a timely basis any issues. The Credit Middle Office Expert provides valuable Management Analytical Reporting supporting the Business Development and assurance of the control associated to the different Credits. 

This Role directly contributes to the Operational Risk Security of the End-to-End Credit Chain & accordingly must develop, maintain a complete knowledge of the Credit Control Plan.

 

Key Responsibilities:

Onboarding & Design

·  Credits Entry Point & Co-ordinator with Functions  

·  Onboarding of New Products & Structures:  

o   Supporting the Business & Client at the early stages before the Credit has been signed.  

o   Be the champion of Product Standardization & accountable for exceptions validation 

o Being the Product Expert and Bridge to the Functions for implementation. Working internal organization team – Business Solution – to design & update Process Maps where required. Working with Operational Control Teams to design & update the Control Framework where required. 

o  is a co-designer role with the Business-Line providing an independent control ensuring that New Structures Implementation are well mapped and secure before drawdown. 

· Key Contributor when the business is launching new products, New Activity Committees or New Transactions Committees, while maintaining the List of Credit Products we provide with the specifics by Programme 

· Maintaining the Agreed Pricing conditions, confirming the implementation of changes with Operations – throughout the Credit Life Cycle 

Credit LifeCycle 

· Guardian of all Credit Documentation providing a central easy access to the Bank via the agreed respective Electronic Storage Repositories    

· Pre-Funding Memo, co-ordinating and controlling with the Business Line and Functions that all approvals and conditions are in place prior to 1st drawdown. 

· Collection of conditions Precedent/Subsequent  

· Facility Approvals; monitoring the Annual Reviews & Expiries – following with the respective SCOs & RMs to obtain the Credit Decisions/Approvals on a timely basis 

· Covenant Management ; inputs & follow-up of covenants, financial & non financial – for bilateral facilities and participations 

· Insurance Monitoring; Controlling the events associated to Collateral, Expiry dates, Premiums, checklists, conditions, renewals 

· Participations Monitoring IN (where BNPP is participating in other Lead Bank Deals)  ; calculations of fees received controlling against expected, review of daily and monthly reports received, escalation to Business   

· Participations Monitoring OUT (we are lead), managing fees calculations, funding.  

· Participations Reporting – Prepare regular reports on Participations (inc. Risk Participations) – Monitoring of expiry dates on all SBLCs/accreditifs received with monthly summary of upcoming events 

· Payable and Receivables manual Submissions managing full execution: drawdown conditions precedents, calculations, tenors, payment instructions, communication with client, etc  

· Business Analytics: Preparation of ad-hoc reports for Clients and Marketers. Including Swift confirmations to Clients. Client Audit Cert requests, Client, utilisations 

· Regulatory Reporting: Key point of contact for Finance for Credit Regulatory Reporting with respect to utilisations 

 

Qualifications & Experience required for this role:

· Previous Experience of a Supply Chain Financing / Corporate Banking enviroment an Advantage 

· Autonomy  

· Discipline & Control orientation 

· Strong Organization & Communication Skills 

·  Proven ability to influence and interact with senior stakeholders  

·  Strong analytical, organizational and problem-solving skills 

·  Proficient knowledge of Excel, Word, Powerpoint  

·  Ability to converse in French an advantage but not essential.  

·  Be a role model, supporting and fostering a culture of good conduct 

·  Demonstrate proactivity, transparency and accountability for identifying and managing conduct risks 

·  Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure 

 

Why Work with Us?

Ø  We are the bank for a changing world and aim to build positive change together with our employees. 

Ø  We are a team of passionate people who genuinely care about what we do and the impact our work delivers to our clients. We operate in a highly collaborative, open-minded environment that embraces innovation and creativity. 

Ø  Our remuneration and benefits packages are generous, with competitive salaries, a discretionary bonus scheme, company pension contribution, comprehensive private healthcare packages, and numerous other benefits.

Ø  We have a genuine commitment to work-life balance throughout the whole organisation. We are also committed to equality, diversity and inclusion and actively promote equal opportunities. 

Ø  Development and mobility is actively encouraged. We are a learning company – there is real opportunity to grow, develop and expand your skills, experience and career path.

Ø  We are a global company operating in over 60 countries with over 190,000 employees from over 150 nationalities. In Ireland we have approximately 500 employees across Dublin and Galway working in Corporate Institutional Banking (CIB) and BNP Paribas Security Services (BP2S) and Greenval.

 

Compliance Culture: We believe in promoting clear rules to foster a strong culture of compliance and ethics.  We would expect any incoming member of staff to respect all financial security related legislation, including: anti-money laundering (AML); countering the financing of terrorism (CFT); international financial sanctions and embargoes (IFS); anti-bribery and corruption (ABC); KYC; ongoing client related data screening; and transaction monitoring.  BNP Paribas have clear policies on these topics which all staff are expected to familiarise themselves with upon successful entry to the Group.

 

Equality and Diversity

BNP Paribas is an equal opportunities employer and proudly cultivates a diverse workforce. We believe that diversity of experience enhances our service offering to clients and leads to a better working environment. We encourage applications from the best candidates regardless of age, ethnicity, gender, gender identity, nationality, disability, sexual orientation, socio-economic background, parental and caring status, or religious belief.

 

By submitting your application, you agree to BNP Paribas completing a background check and screening in advance of any potential offer being made