Credit officer Funds

GROUP BNP PARIBAS

BNP Paribas Group is the top bank in the European Union and a major international banking establishment. It has close to 185,000 employees in 65 countries. In Spain we are more than 5,100 employees within 13 business lines.

RISK is an integrated and independent control function of the BNP Paribas Group. It is the second line of defense on the risk management activities of the Group which are under its direct responsibilities, including credit and counterparty risk, market risk, funding and liquidity risk, interest rate and foreign exchange risks in the banking book, insurance risk, operational risk, and environmental and social risks.

RISK aims at being a partner of the businesses by contributing to their sustainable development, but also a gatekeeper to ensure risks taken remain compatible with the Group's Risk Appetite and its strategy.

RISK Iberian Hub Madrid is a transversal platform servicing the RISK Function by covering added-value activities around credit risk, market risk, operational risk and data protection. Offering a wide range of services to RISK teams, from consulting to cyber security going through data analysis, modelling or artificial intelligence.

RISK MFI – Analysis & Decisions - Credit & Counterparty Risk Team's main responsibility is the risk management oversight and control of credit and counterparty risks within the remit of RISK MFI's authority for all activities conducted within BNP Paribas.

RISK MFI Credit & Counterparty Risk Team (CCR Team) is to promote a holistic and integrated end-to-end approach of risk management – whereby the collective efficiency is improved. The Credit & Counterparty Risk pillar of RISK MFI Analysis & Decisions is structured to ensure a full consistency between counterparty and credit risks approach for each approval across MFI.

CCR Team comprises of three sub-teams:

• Credit Team - responsible for managing the credit decision process and evolution of the counterparty and credit risks on the Bank's institutional clients (excluding HFs). This team comprises of Credit Officers (COs), organized by types of counterparties and transversal Senior Credit Officers (SCOs);
• Hedge Fund Team - responsible for managing the credit decision process and steering the counterparty and credit risks on Hedge Funds ("HFs") and Risky Funds ("RFs") clients. The HF Team is the main point of contact for the Business and other RISK teams on both credit and counterparty risks in relation to HFs and RFs.
• Counterparty Risk Team - a transversal team serving the credit decision process and managing the counterparty risks generated by any corporate, financial institution (incl. market infrastructure) or sovereign counterparty, as well as collateral risks generated by Global Markets and Securities Services;

The EMEA Credit team consists of about 15 people with different profiles and experiences, spread between Paris, London and Madrid, in charge of a geographical area covering a large part of Europe, Middle East and Africa. The team covers regulated funds, financial institutions (Banks, Brokers, Pension funds, Insurance).

You will be based in Madrid, working in Flex-Office mode.

You will progress in a dynamic and international context and will tackle complex and diverse problematics.

RISK MFI Credit Team is also present in New York and Asia. You will be in contact with these teams to share on international financial groups, their strategies, and their global presence.

RISK MFI Credit Team is a central point in the risk decision process, with high visibility and responsibility. You will work closely with the Relationship Managers and Credit analysts teams on the counterparties under your delegation.

• Purpose: Managing the credit decision process and monitoring the counterparty and credit risk on regulated Funds. Risk management and oversight control over the relevant activities and associated risks.
• Scope: EMEA

Credit process

• Exercise credit delegation in accordance with the delegation scheme and credit process rules and co-chair Credit Committees together with the Relation Managers or Business Lines representatives
• Responsible for Credit Committee Minutes' contents and sign off as RISK delegation holder
• Authorized to approve policy exceptions as defined in procedures such as collateral, legal credit terms
• Participate in or request Due Diligences
• Provide support, guidance and decision, as RISK SPoC and expert, to other RISK teams, Credit Analysts and other businesses (with relevant exposures e.g. Securities Services, Wealth Management,…) relating to Funds (e.g. specific portfolio reviews, complex transactions…)
• Guarantee the quality and timeliness of synthetic credit risk analysis and recommendation (Annual review, ad hoc, credit notes, and comparative analysis) provided by the Credit Analysts on files that fall within his/her level of delegation
• Guarantee the application of Bank's procedures and policies and the consistency of Bank's rating methodologies.

Interact with the Relationship Managers and Business Lines

• Assess, with the support of the Credit Analysts, the credit proposal in the light of BNPP commercial strategy, Relationship Managers memo, and of any material information (transaction or risks) provided by the Relationship Managers
• Contribute together with Relationship Managers and Credit Analysts to the identification of the credit points that need to be discussed with the client (during Due Diligence for example).
• Discuss the requests of credit limits with the Business Lines together with Credit Analysts
• Work with the Relationship Managers and the Business Lines to mitigate risk related to the counterparties.

Be responsible for (incl. governance/regulatory responsibilities)

• Acting as expert on specific portfolios (e.g. concentrated, correlated, longer tenors or less liquid)
• Decision on files that fall within his/her level of delegation (Ad Hoc requests, annual reviews), and escalation to Credit Officers / Senior Credit Officers when higher credit delegation is required.
• Recommendation on Watch List and Doubtful counterparties under his/her scope
• Due Diligence process on counterparties under his/her ownership and contributing to due diligence under SCO ownership. Attend at the adequate committees in collaboration with Credit Analysts & SCOs.
• Apprehend general and specific risks related to Funds exposures, notably related to the steering of in-depth analysis of the portfolio, design and review of relevant stress tests as required.

Contribute to

• 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 frequent/regular monitoring (risk exposures and excesses); as well as forums related to RISK MFI clients' portfolios, in order to anticipate and detect any counterparty or credit risk issues requiring a specific review and the implementation of an appropriate action plan
• Contribute to the definition of regulatory measures and the Bank's risk appetite framework and statement
• Provide support for regulatory requests and missions, as well as preparation and participation to supervisory frequent meetings
• Contribute to the credit and counterparty processes optimization and fluidity, projects (transformation, regulations, IT, etc.) with RISK streams, Business Lines and Relationship Managers
• Contribute to credit and counterparty projects related to methodologies, regulation changes or policies definition in liaison with other RISK streams, Business Lines and Relationship Managers
• Provide RISK MFI comments/recommendations for TACs/NACs (Transaction Approval Committees and New Activity Committees) when relating to Funds.

Studies

• Master's Degree/MSc/Master 2 from Engineering School, Business School or University in Banking, Finance, Economics, Risk Management, Financial Markets or other relevant areas

Experience

5-10 years minimum in Credit/Counterparty Risk, or Credit Analysis

Languages

English

• Strong and proven analytical skills
• Knowledge and understanding of:

o The investment funds industry

o Banking and financial markets products

• Adaptability, proactivity, multitasking, self-driven and organized
• Strong presentation and communication skills (verbal and written)
• Assertiveness and leadership skills
• Capacity to engage
• Critical thinking and capacity to challenge
• Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint)

• Training programs, career plans and internal mobility opportunities, national and international thanks to our presence in different countries.
• Diversity and Inclusion Committee that ensures an inclusive work environment. In recent years, several employee communities have been created to organize diversity and inclusion awareness actions (PRIDE, We Generations and MixCity).
• Corporate volunteering program (1 Million Hours 2 Help) in which employees can dedicate time out of their working hours to volunteer activities.
• Flexible compensation plan.
• Hybrid telecommuting model (50%).
• 32 vacation days.

BNP Paribas Group in Spain is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.