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Business Overview:
Asset Finance & Securitization (AFS) is a global business within BNP Paribas CIB, straddling activities across both Global Banking & Global Markets. The AFS umbrella includes several businesses, including includes Collateralized Loan Obligation (CLO), Senior Portfolio Financing (SPF), Asset-backed Securities (ABS), Project & Infrastructure Finance, Transportation Finance, and Export Finance.
Senior Portfolio Financing offers standardized and bespoke financing & capital solutions to credit investors, including the largest CLO managers and direct lenders globally. The collateral spans liquid to illiquid credit assets, focused mainly on leveraged loans (broadly syndicated and middle market/private credit) and other high-yielding assets. Products include financing against portfolios of loans, such as (i) shorter-dated (1-3 years) warehouse financing intended to support CLO take-outs, (ii) longer-dated (3-5 years) senior portfolio financing that provides leverage to credit funds, supporting them through the lifecycle of their investment strategies and (iii) bespoke financing structure against ABS/RMBS warehouses and more esoteric asset-backed facilities. The adjacent CLO structuring team offers securitization (structuring and syndication) for leveraged and structured credit assets.
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:
BNP Paribas’ CRE / CMBS business line began originating transactions in 2024 and is establishing a Credit & Portfolio Management to support the activity. The Head of CRE Credit & Portfolio Management will be the initial hire and will in future build out the CRE CPM team with junior headcount in NY and/or Montreal.
- Transaction Management:
- Responsible for credit process post-closing of new transactions, including amendment and waiver requests and annual reviews
- Liaise with the Origination and Structuring team and functions including Risk, Legal, and MO through the ongoing deal life cycle
- Participate in due diligence for prospective transactions when appropriate
- Portfolio Monitoring:
- Ensure ongoing monitoring of transaction performance
- Establish cadence and format of portfolio performance reviews and processes to ensure proper monitoring of regulatory and other requirements (e.g. maintenance of flood insurance; compliance with internal operational controls)
- Manage the quality of results during the quarterly capital process, and maintain compliance with internal credit and rating methodologies
- Transaction Execution:
- Preparation of internal documentation and management of closings for amendments, waivers, and extensions in coordination with Legal and MO teams
- Resource for origination team on operational aspects of legal documentation and liaison with Middle Office; document and advise origination team on operational risks
- Transversal Topics:
- Establish policies and procedures for credit and portfolio management of recently established CRE/CMBS business line
- Contribute to the budget and forecasting process
- Support origination and structuring team with Middle Office to ensure proper booking
Minimum Required Qualifications:
- Deep understanding of commercial real estate markets and credit analysis (5 – 10+ years)
- Clear written and oral communication skills
- Understanding and ability to analyze complex products, related risks, and underlying legal documentation
- Ability to develop good working relationships with different departments both locally and offshore (Structuring and Origination, Risk, Middle Office, Finance, Legal, IT)
- Management experience a plus
- Knowledge of regulatory bank capital and liquidity rules a plus
Preferred Qualifications: N/A
FINRA Registrations Required:
- SIE, 63, 79
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 $165,000 to $235,000 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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