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
Financial Institutions Coverage (FIC) is a global coverage group specializing in the Financial Institutions sector. FIC aims to build long-term relationships with key clients and gain insight into client strategy and targets to provide original and integrated ideas and solutions.
Within FIC, the Institutional Credit Analysis Team (ICAT) is responsible for completing the credit analysis for financial institutions clients (including due diligence when necessary).
In particular, the Team ensures that credit analysis and recommendations are provided in due time for Banks, Insurances, Sovereign, Brokers, other non-banks financial institutions, pensions funds, financial sponsors, hedge funds, regulated funds, funds of hedge funds, agency arrangements and asset managers.
The ICAT Team performs credit analysis and provide credit recommendations on their respective perimeter to Credit Committees, Transaction Approval Committees when the credit opinion on a specific counterparty is required, other RISK entities, Business Units or functions in response to general enquiries, Portfolio review committees.
The ICAT Team
- Guarantees the quality of credit files and portfolios (notably by complying with regulatory framework e.g. Basel III requirements and including credit policies, rating policies and other Group guidelines),
- Develops local market intelligence by performing desk research (financial statement analysis, monitoring of published research),
- Maintains a network of Business contacts and performs on site due diligence, guarantees that available local market information and views on risk issues are communicated swiftly and effectively.
- Guarantees the selection and the follow up of counterparties considered Doubtful, under Watch List or sensitive list, evaluates the accurate level of provisioning
ICAT is a main partner for the Senior Credit Officers and their Business binomes” for the clients covered by the financial institution credit process and is also in permanent interaction with other business lines for uncovered clients
- Purpose: Junior Credit Analyst who could cover a portfolio of Hedge Funds, Funds of Hedge Funds and Financial Sponsors followed by the team.
- Scope: Financial Institutions (mostly hedge funds, funds of hedge funds and financial sponsor funds, and to a lesser extent regulated funds, agency arrangements, asset managers, funds)
Mission
- The credit analyst is responsible for completing credit analysis on a portfolio of Financial Institutions to facilitate informed credit decisions, particularly Hedge Funds.
- Develop an in-depth understanding of the groups under his/her responsibility and develop market intelligence by investigating all available sources of credit and financial information.
- Monitor permanently the portfolio under his/her responsibility to detect any credit issue requiring a specific review.
- Conduct Annual and interim reviews. Produce in due time and present in Credit Committee a factual summary of client’s credit worthiness (credit proposal), compliant with the Bank’s guidelines. The credit proposal includes a recommendation on the ratings, the limits, the legal credit terms and the risk strategy vis-a-vis the client.
- Day-to-day transaction approvals, quantifying risk for trade requests received from Front Office across the bank.
- Prepare initial credit questionnaire for ISDA/CSA and other legal documents, and negotiation of credit-related terms in the legal docs.
- Work in close collaboration with the Lisbon Credit Support Analysts, including providing the required trainings.
- Develop a good knowledge of the banking environment: capital market products, legal documentations, accounting and regulatory environments.
- Perform due diligences.
- Perform portfolio reviews when required.
- Keep abreast of the changing methodologies and credit policies
Interactions with the Binome (clients under coverage)
- Interacts in full transparency with the Binome (SCO & FIC Relationship Manager).
- Attend when necessary discussions forum under the leadership of the Binome.
- Prepare credit proposal in the light of FIC commercial strategy, coverage memo, and of any material information (transaction or risks) provided by the RM Pilot or the Binome.
- Contribute together with the Binome to the identification of the credit points that need to be discussed with the client (during Due Diligence for example).
Guarantee
- Guarantee rigorous and synthetic credit risk analysis and recommendation (Annual review, ad hoc, credit notes, comparative analysis)
- Guarantee the application of Bank’s procedures and policies and the consistency of Bank’s ratings
- Guarantee the quality of the process and the timely delivery of the team’s output, notably Annual reviews in line with validated calendar.
Contribute
- Contribute to the formalisation of the credit decisions in the credit workflow tool
- Contribute to the risk strategy definition by providing recommendation on the risk profile of the counterparty and on specific transactions in relationship with the appropriate stakeholders
- Contribute to the Bank’s reactivity vis-à-vis clients’ expectations by prioritizing urgent requests under his/her responsibility with his/her manager
- Contribute to the quality of process : use adequately the credit process’ flow and workflow system, maintain critical client data, interact efficiently ahead of credit committee with the various stakeholders of the credit process
- Contribute to the development of policies, reports and risk tools, and to the Credit Process optimization
- Contribute to sharing best practices among various teams.
- Contribute to Credit Process optimization.
Interactions with Business Lines (uncovered clients)
- Discuss the requests of Credit limits with the Business Lines
- Provide credit analysis and recommendation in the frame of AR or ad hoc Credit Committee on clients followed by Business Lines
- Work with Business Lines to mitigate risk related to the counterparties
- Ask for Due diligence ‘s meeting or credit review
Essential
- Education: Master’s Degree/MSc/Master 2 from Business School or University in Banking, Finance, Economics, Risk Management, Financial Markets or other relevant areas, or equivalent experience
- Experience: Some experience in the finance industry, including credit analysis.
- Languages: English (fluent)
- Skills:
- Strong and proven analytical skills (proficient)
- Adaptability and proactivity, multitasking
- Strong presentation and communication skills (verbal and written) (expert)
- Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint) (proficient)
- Solid knowledge and understanding of banking and financial markets (proficient)
- Understanding of Corporate Banking and Capital Markets products (proficient)
- Self-driven and organized (expert)
- Rigorous and reliable
Preferred
- Languages: Additional Language would be welcomed [French, German, Portuguese, Italian, Dutch, Arabic, Chinese…]
- Skills:
- Good knowledge of Legal documentations credit terms (ISDA, CSA…)
- Understanding of funds financing business (legal documentation, credit mitigant…)
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).
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.
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.
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.
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.
#LI-Onsite
