Senior Analyst Distressed Loan Closer - Assistant Vice President - BNP Paribas
other jobs eFinancial Careers
Added before 1 hours
- England,London
- full-time
- Competitive salary
Job Description:
Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Business area
The MOLT team provides Middle Office support to the Loan Trading Desk which is based at 10 Harewood Avenue, London. As part of its role the MOLT is responsible for checking the Front Office booking, the production of the Legal Documentation and the settlement of the secondary loan trades in accordance with the underlying Loan Agreements adhering to the LMA and LSTA Standard Terms and Conditions.
Job purpose
• Purpose: To work closely and support the Head of Middle Office Loan Trading UK, to handle the Par, Distressed and Claims trades, as well as the Banking Book trades done by the Loan Trading Desk
• Scope: Senior member of the UK team to provide guidance and assistance to the Montreal PAR trades team
Key responsibilities
• To work closely and support the Head of Middle Office Loan Trading UK
• To handle the Par, Distressed and Claims trades, as well as the Banking Book trades done by the Loan Trading Desk
• To co-ordinate settlement and booking of loan trading transaction with Back Office.
• To draft and send legal documentation (Market standard documentation) linked to the trades (LMA Par/Distressed Trade Confirmation, Transfer Certificate, Pricing Letter etc.)
• To work closely with the Loan Trading Desk Lawyer to draft non Market Standard documentation linked to trades.
• To draft documents and submit in a timely manner in connection with Claims
• To be a key reference point for the Par Loan closers in Montreal and to provide support when needed
Requirements
Essential
• Good PC skills (including strong Excel skills)
• To understand the fundamental policies and procedures of the bank
• A knowledge of how the Fixed Income business is organised: relationship between the Middle, Front Office and Back Office
• Settlement, P&L and accounting basics are useful
• Previous experience of Loan Closing supporting a high volume desk
Preferred
• Previous experience as a Distressed loan trading closer preferably in an Investment Bank
• Knowledge of Stapled Equity
Previous experience with Clearpar
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) - with option to buy and sell holidays.
• Valuable financial plans - a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering - one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London - include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our peo
ple
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, p
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Business area
The MOLT team provides Middle Office support to the Loan Trading Desk which is based at 10 Harewood Avenue, London. As part of its role the MOLT is responsible for checking the Front Office booking, the production of the Legal Documentation and the settlement of the secondary loan trades in accordance with the underlying Loan Agreements adhering to the LMA and LSTA Standard Terms and Conditions.
Job purpose
• Purpose: To work closely and support the Head of Middle Office Loan Trading UK, to handle the Par, Distressed and Claims trades, as well as the Banking Book trades done by the Loan Trading Desk
• Scope: Senior member of the UK team to provide guidance and assistance to the Montreal PAR trades team
Key responsibilities
• To work closely and support the Head of Middle Office Loan Trading UK
• To handle the Par, Distressed and Claims trades, as well as the Banking Book trades done by the Loan Trading Desk
• To co-ordinate settlement and booking of loan trading transaction with Back Office.
• To draft and send legal documentation (Market standard documentation) linked to the trades (LMA Par/Distressed Trade Confirmation, Transfer Certificate, Pricing Letter etc.)
• To work closely with the Loan Trading Desk Lawyer to draft non Market Standard documentation linked to trades.
• To draft documents and submit in a timely manner in connection with Claims
• To be a key reference point for the Par Loan closers in Montreal and to provide support when needed
Requirements
Essential
• Good PC skills (including strong Excel skills)
• To understand the fundamental policies and procedures of the bank
• A knowledge of how the Fixed Income business is organised: relationship between the Middle, Front Office and Back Office
• Settlement, P&L and accounting basics are useful
• Previous experience of Loan Closing supporting a high volume desk
Preferred
• Previous experience as a Distressed loan trading closer preferably in an Investment Bank
• Knowledge of Stapled Equity
Previous experience with Clearpar
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) - with option to buy and sell holidays.
• Valuable financial plans - a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering - one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London - include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our peo
ple
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, p
Job number 1672301
metapel
Company Details:
eFinancial Careers
From simple beginnings in 1995, Talent has been on a journey to redefine the world of recruitment through creating the most empowering customer and ca...