Institutional Credit Analyst – Funds & Asset Managers – Trainee

July 1, 2024

Institutional Credit Analyst – Funds & Asset Managers – Trainee

Reference12351136

  • Internship
  • PT-Lisbon
  • OPERATION PROCESSING
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About the job

  • As part of Financial Institutions Coverage within Global Banking, Institutional Credit Analysts Team (ICAT) oversees credit analyses of all institutional clients, intragroup entities, sovereigns, and market infrastructures
  • In this scope, ICAT is responsible for completing the credit analyses of financial institutions and Securities Services clients (including due diligence when necessary), in particular, ensuring that credit analyses and recommendations are provided in due time for banks, insurers, sovereigns, brokers, other non-banks financial institutions, pensions funds, funds, regulated funds, funds of funds, agency arrangements and asset managers. ICAT performs credit analyses and provides credit recommendations 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, or to Portfolio Review committees
  • ICAT guarantees the selection and the follow-up of counterparties considered Doubtful, are on the Watch List or sensitive list, accurately evaluates the level of provisioning, guarantees the quality of credit files and portfolios (notably by complying with regulatory framework e.g. Basel III requirements, including credit policies, rating policies and other Group guidelines), maintains a network of Industry contacts and performs on site due diligence, develops local market intelligence by performing on-the-desk research (financial statement analysis, monitoring of published research), while guaranteeing the availability of local market information and views on risk issues are communicated swiftly and 2 effectively. ICAT is a main partner for the Senior Credit Officers and Coverage for the clients falling under the financial institution credit process and is also in constant interaction with other business lines
  • This position will allow you to become a central player within the financial institutions domain, which is an essential client group of the Bank, while the post will provide you opportunity to interact across many functions within the Group, allowing you to:
    • Develop your network through collaboratively working with numerous stakeholders daily
    • Build your technical competencies regarding financial institutions and capital markets by closely following the market evolutions
    • Build your network with professional financial clients through participating in due diligence visits. The successful applicant will be very much part of the EMEA team that will allow her/him to build up an extensive knowledge of the market

Your Main Activities Are

  • The trainee’s responsibilities include the following domains:
    • INSTITUTIONAL CREDIT ANALYSIS
      • Develop an understanding of the counterparties/groups under own responsibility or assigned to you by the manager and/or the team members, while developing market intelligence through all available sources of credit, economic, and financial information
      • Ensure that the counterparty data management is conducted well, namely on-boarding, collection of documents, and commensurate limits update
    • CREDIT PROPOSAL
      • Following the credit risk analysis, timely prepare the Credit Proposal capturing the recommendations for delegation holders, commensurate with the risk appetite and Coverage commercial strategy, in compliance with Bank’s guidelines
      • Help on the formalization of the credit decision proposal in the internal credit workflow tool
      • Prepare and if required present the proposals to the delegation holders and/or credit committees for decision
      • Manage the annual review process, and simple ad-hoc requests on the entities assigned to you
    • PORTFOLIO MONITORING AND REPORTING
      • Continuously monitor the portfolio of counterparties under own responsibility, jointly with Credit Risk Control, monitoring excesses, anticipating risks, and detecting any credit issues that may require a specific review
      • Contribute to periodic and ad-hoc portfolio review and risk reporting for counterparties assigned to you

Profile and Skills to Success

  • Bachelor Degree in Economics / Finance / Banking or related
  • Advanced level of English, both written and oral
  • Adaptability
  • Attention to detail / rigor
  • Analytical ability
  • Communication skills, both written and oral
  • Organisational skills
  • Proactivity

 #LI-Hybrid

Why joining BNP Paribas?

· Leading banking institution

BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe’s banking history. It has a presence in 65 countries, with around 190 000 Employees – including more than 145 000 in Europe.

· Our presence in Portugal

Since 1985, BNP Paribas was one of the first foreign banks to operate in the country. Today, the Group has around 7.100 employees across several entities operating directly in the territory, offering a wide range of integrated financial solutions to support its clients and their businesses.

· International reach

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions:

  • Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines
  • Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services.
  • Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional client.

· Diversity and Inclusion commitment

BNP Paribas 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.

· Commitment towards work/life balance

At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.

· Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.

To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal

* Please note that only applications submitted in English will be considered.

* In case you are selected for this role, further documentation will be requested to support your hiring process.