The position at a glance

RISK Corporate is the 2nd line of defense responsible for risks generated in CIB from corporate and securitization clients. The Vice President Credit Officer in RISK Corporate will be responsible for ensuring the quality of risks taken by BNP Paribas's Private Debt Financing and CLO Warehousing activities originated in North America. The position reports functionally to the Managing Director Team head responsible for Securitization risks in the Americas.

• Private Debt Financing consists of non-recourse secured loans to Direct Lenders, collateralized by diversified pools of leveraged loans.
• CLO warehousing consists of financing broadly syndicated leveraged loans for the purpose of selling the loans into a CLO that is structured and distributed by the bank.
• Additionally, the new position will cover the region's AAA CLO investment portfolio from a 2nd line of control standpoint.

The private Debt and CLO activities in the region are large and well established. This is an opportunity to join a team that covers dynamic products with high P&L impact to the bank in a rapidly evolving landscape.

In detail

The team members are responsible of the following activities:

• Analysis of credit proposals, annual reviews, highlighting emerging risks in the portfolio, anticipating new risks, ensuring proper internal risk rating, and assisting the RISK function in improving the risk governance framework for the region's Private Debt Financing and CLO warehousing activities.
• Assess borrowing base structures, advance rates, eligibility criteria, concentration limits and structural protections.
• Analyzing risks at the loan and collateral pool levels.
• Assess the non-financial risks of structured transactions (examples: operational, fraud, third party service providers to the structure).
• Present analysis and opinion at credit committees.
• Support RISK delegation holders on credit committee decisions.
• Prepare minutes of credit committees
• Attend due diligence meetings with clients (often on MS Teams).

If VP or higher, precise:

• The position does not entail credit delegation in the first year but can lead to credit delegation over time.
• The position requires developing and maintaining professional relationships with the business lines in scope. There is a high degree of interaction with the Origination teams, Credit & Portfolio Team, and RISK team in NY.
• As a subject matter expert in these activities, the position has material influence on these activities.

Staff supervision/ Organizational Structure:

The position reports to the Team-Head in RISK Corporate responsible for Securitization in NY.

Work conditions: This position provides for standard working conditions in an office and a normal work schedule from Monday to Friday. This position requires little travel.

The strengths and skills that will help you succeed

• Relevant experience within a Financial Institution or Rating Agency.
• Strong understanding of securitization structures, documentation, borrowing base mechanics, collateral analytics, covenant frameworks, and transaction structuring.
• Ability to work independently

Education:

• Bachelor's degree in finance or related fields. Advanced degree a plus.

Years of experience:

• 7 to 12 years+ experience.

Languages:

• English

Technical skills:

• Credit Analysis for structured products and leveraged loans.

Soft skills:

• Strong analytical and communication skills.

*Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Professional working proficiency in English language is required.

What9s in it for you

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

To find out more about our range of benefits, click here

What you need to know

• We will review candidates as they apply, so don9t wait to submit your application;