Analyst/Associate – CLO Syndicate

May 6, 2024

Analyst/Associate – CLO Syndicate

ReferenceGLO006632

  • Standard / Permanent
  • US-NY-New York
  • MISCELLANEOUS
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Business Overview:

Business Overview:

The $700bn CLO Market is well established with over $130bn of new issuance forecasted this year alone on top of another $200bn+ of refinancing and resets. The product attracts a global Investor base across Banks, Insurance Companies, Asset/Money Managers, Pension Funds, Hedge Funds and Institutional Investors with a deep list of CLO Issuers.

BNP Paribas’ CLO platform was set up in 2012 and in 2024 BNP ranked top-5 Arranger. The business’ goal is to achieve a consistent top-5 ranking over the next couple of years and top 3 after that whilst maintaining Best European CLO Arranger in the US.

BNP Paribas’ Syndicate Desk supports a global platform that is responsible for marketing and distributing all primary fixed income transactions.  The Syndicate Desk has three product verticals:  Asset Finance & Securitization (which includes CLOs), High Grade Finance and Leveraged Finance. The desk acts as an important contact point between the private (Banking, Origination) and public markets (Investors, Sales, Trading, and Research).

The Syndicate Desk is looking for a AFS (CLO) Syndicate Analyst / Associate to support the team and its daily operations.  The position demands strong analytical, communication and organizational skills. 

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:

The successful Analyst or Associate candidate will report directly to the Head of US CLO Syndicate and will be an important addition to facilitate the ongoing growth of the franchise. The skills / responsibilities required for such a candidate are outlined below:

  • Ability to multitask at a high level.
  • Able to manage the CLO syndication process; coordinating Investor asks with CLO Structuring and providing documents requested by Investors via Sales.
  • CLO Issuer marketing; setting up roadshows and organizing conferences; ensuring clients are kept up to date and managed throughout the process.
  • Strong knowledge of the CLO product is beneficial (documentation, structure, and developments in the product) and being able to work very closely with the US and European CLO deal teams on a day-to-day basis.
  • Monitor public news reports for accuracy of deal announcements:
    • Interact with news sources
    • Post and quality check league table submissions
  • Book and settle trades;
    • Manage P&L reports
    • Liaise with agency & operations teams to ensure settlement integrity
    • Maintain internal trade blotters and bookings
    • Manage post pricing procedures
  • Inclusive mind-set with a focus on collaborating the European CLO business.
  • Relationship oriented; focus on relationship building across both Issuers and Investors to support the continued growth of the CLO primary franchise.
  • Compliance Culture essential.

Minimum Required Qualifications:

Bachelors degree

Fluency in English

Excellent written and oral communication skills

Results driven, with a strong sense of accountability

High attention to detail

Fluency with Excel; VBA, database and other programming skills are a plus

Ability to work under pressure and deliver within tight deadlines while maintaining high standards

Ability to work flexibly in a collaborative, team-oriented environment

Ability to use IntexCalc

2-3 years of experience of Sell-Side CLO Structuring/Syndication/Sales

 

Preferred Qualifications:

  • N/A

FINRA Registrations Required: 

  • SIE, Series 79 and 63 licenses will need to be obtained within a reasonable amount of time

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

  • Not Applicable

SEC Security-Based Swap Dealer Associated Person:

  • Not Applicable

The expected starting salary for this position is $105,000 – 110,000 for an Analyst annually and 150,000 – 200,000 for an Associate. 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.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.

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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