Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
- Being a great place to work
- Committed to sustainability and having a positive impact
- Being dedicated to the development of our people
Business area
In the UK, Global Banking focuses on 4 main business areas: Corporate Clients Group, Capital Markets, Low Carbon Transition Group and Transaction Banking.
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.
Job purpose
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.
Key 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).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
- Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
- Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
- Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
- Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
- Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year – in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
- Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
- Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
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