Business Overview:
Fully integrated in the BNP Paribas Group, 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 Securitised Products Group (SPG) and Real Assets. This position will lead the ABS Credit Management team within SPG, that covers lending against a variety of financial asset classes (including auto, consumer, trade, equipment, solar).
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:
ABS Credit Management VP will be senior member of ABS Credit Management team, working closely with the head of ABS Credit Management on the full credit process including training and managing junior headcount located in Lisbon, Portugal.
- Transaction Management:
- Manage the credit process and workflow end to end, ensuring quality of all credit proposals submitted to Risk
- Liaise with the Origination and Structuring team and functions including Risk, Legal, and MO through the full deal life cycle for new and existing transactions
- Work with senior originators and analytics experts on transaction modelling and stress tests
- Participate in due diligence for prospective and existing clients
- Point person for transaction level profitability analysis, including advice on funding and RWA optimization to Origination and Structuring team
- Portfolio Monitoring:
- Ensure ongoing monitoring of transaction performance by the team, including updates and review of quarterly performance and watchlist reports
- Onboard all new transactions with third party monitoring platform (Oxane), and maintain data quality
- Assist the quarterly capital process and compliance with internal credit and rating methodologies
- Track completion of annual transaction audits and work with Origination and Structuring team to remedy late or missing audits
- Transaction Execution:
- Preparation of internal documentation for deal closing and booking
- Review of operational aspects of legal documentation in conjunction with Portfolio Management team; document and advise team on operational risks
- Key coordinator for deal closings among the Origination and Structuring, Credit Management, Portfolio Management, Middle Office, and Legal teams
- Transversal Topics:
- Maintain and update internal policies and procedures
- Get acquainted with European Regulation on the capital treatment
- Improve internal loss analysis and stress methodologies
- Ongoing efficiency improvements of tools and processes to support growing activity
- Contribute to the budget and forecasting process
Minimum Required Qualifications:
- Undergraduate degree minimum, preferably in Finance, Economics, or Math
- Excellent written and oral communication skills
- Strong knowledge on securitization and experience on ABS Securitization credit analysis
- Excel skills are crucial; VBA, Access/database skills are a plus
- Understanding and analysing complex products, related risks, and underlying legal documentation
- Knowledge of capital, liquidity, EU regulation, and accounting rules regarding securitization
- Ability to communicate and develop good working relationships with different departments both locally and offshore (AFS Structuring and Origination, Middle Office, Finance, Risk, Legal, IT, etc.)
- Strong initiative, commitment, and willingness and ability to learn
- Ability to analyse and synthesise complex information, including legal documentation and large datasets
- Flexible, good team player
- Ability to work under pressure and deliver within tight deadlines while maintaining high standards
Preferred Qualifications:
- Management experience and working with offshore teams are a plus
FINRA Registrations Required:
- SIE, Series 79, Series 63
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
- Not Applicable
SEC Security-Based Swap Dealer Associated Person:
- Not Applicable
While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted.
The expected starting salary range for this position is between $225,000 to $245,000 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.
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/
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
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