Business Overview:
This position sits within the Asset Based Lending (“ABL”) team, which offers flexible asset based financing solutions to the bank’s corporate and private equity clients across various industries, both domestically and cross-border. ABL is one of the pillars forming Transaction Banking organized within BNP Paribas’ Global Banking business.
The VP will work with senior members of the team, primarily focusing on the structuring and underwriting of transactions using credit analytics and sound business judgement, as well as supporting portfolio management, marketing, and deal syndication efforts.
The role will report to the Head of ABL.
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:
Responsibilities will include the following, either supporting senior deal team members or working independently:
Origination: Partner with various groups across the bank to identify prospects, evaluate new business opportunities, form financing views, and prepare marketing materials and present to clients; contribute to product development initiatives; research / track ABL market data and trends and interact with industry participants
Underwriting: Perform business and financial due diligence in coordination with deal team, third parties and company; perform collateral due diligence, incl. review and analysis of collateral reports and engaging with appraisers and auditors; review financial models and analyze borrower’s future performance, debt capacity and collateral position, and evaluate data to determine / propose optimal financing structure and security package; manage internal transaction approval process: draft ABL underwriting memoranda, present to management and credit committee
Execution: Assist in drafting and negotiating commitment letters and credit agreements; coordinate with syndication team: draft confidential information memoranda and lender presentations, organize bank meetings, answer investor due diligence questions; engage with internal / external counsel to review legal documentation; and oversee deal closing process
Portfolio & Other: Manage approval and deal execution process for amendments and refinancing of existing ABL facilities; work with portfolio management teams on ongoing risk monitoring of existing loan portfolio incl. preparation of product memos for internal loan reviews; coordinate with transaction support teams to track loan and collateral trends; support internal projects and ensure implementation of policies and procedures
Minimum Required Qualifications:
· ABL or similar credit training
· Min. 6-8 years of experience in structuring, underwriting, and executing asset based transactions
· Min. Bachelor’s degree; MBA or equivalent preferred
· Proficient in Microsoft Office
· Sound knowledge of the ABL market, industry participants, and trends
· Good understanding of Debt Capital Markets and experience working with Leveraged Finance and Private Equity clients
· Excellent written, verbal, and interpersonal communication skills
· Strong analytical skills with attention to detail / accuracy and critical thinking
· Self-motivated, proactive, and works effectively in a team environment while assuming individual responsibility
· Good organization skills and ability to deliver within tight deadlines, working on multiple projects simultaneously, and under pressure
Preferred Qualifications:
· MBA or similar level advanced degree
FINRA Registrations Required:
· N/A
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
· N/A
SEC Security-Based Swap Dealer Associated Person:
· N/A
The expected starting salary range for this position in New York is between $165,000 and $200,000 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.
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. In the United States, 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.
The bank employs nearly 6,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.
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.
