Analyst, Investment Grade Finance

July 3, 2024

Analyst, Investment Grade Finance

Reference12352316

  • Permanent
  • US-New York-New York City
  • FINANCIAL AND TECHNICAL EXPERTISE
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Business Overview:

The Investment Grade Bond Syndicate team is part of the Corporate & Institutional Banking division of BNP Paribas, and has responsibility for all IG bond executions, with a focus on active bookrunner roles. The US IG Primary franchise is currently #10 in Bloomberg League Tables. The group works closely with both the origination and sales teams to ensure the marketability and best execution of strategically important transactions.  The IG Bond Syndicate team in New York has 10 dedicated professionals executing transactions across 4 main verticals: Corporates, Financials, Emerging Markets and Private Placements.

The US Private Placement (“USPP”) market is a subset of the global debt capital markets, consisting of a mature pool of long-dated, fixed-income capital, which attracts issuers from around the globe across a wide range of sectors. It has very specific documentation and diligence requirements given the illiquid, “buy-and-hold” nature of the securities. Deal flow comes from corporates, infrastructure, real estate, aviation and financials from issuers across the globe

The Loan Syndicate team is part of the Corporate & Institutional Banking division of BNP Paribas and has responsibility for all loan underwriting decisions, with a focus on lead-arranged, active bookrunner roles. The team has executed as left-lead bookrunner deals amounting from sub $100 million to multi-billion dollar benchmark issuances for domestic and international issuers. The group works with the origination teams to ensure the marketability of transactions, primarily focusing on structure and pricing.  The Loan Syndicate team in New York has 12 dedicated professionals syndicating and distributing a diverse mix of institutional and bank loans, across 4 main verticals: Investment Grade (“IG”) loans, Asset Finance & Securitization, Leveraged Finance and Latam.

The team works seamlessly with global credit, origination, distribution and industry teams to leverage the global client franchise of the bank & ensure optimal execution.

Members of the team maintain an active dialogue with the market and are tasked with providing market updates to both internal and external clients. Loan structure and pricing guidance is regularly supported by an analysis of comparable financings (comps) and market sounding.  

The Syndicate team also supports the risk management decision process by developing a syndication strategy, which is presented in memo form as a part of the credit approval process.

Upon launch of a financing, members of the team assist with responding to investor diligence questions, convening meetings with the sales & trading desk and updating the issuer/sponsor on the syndication progress. 

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:

  • Become knowledgeable with:
    • IG loan products and markets
    • IG bond products and markets
    • USPP products and markets
  • Become familiar with other debt related products offered by BNP Paribas
  • Prepare comps and maintain comps database for purposes of pitches, deal screenings and credit committees

·     Support IG bond execution – build comps, create update messages for investors, liaise with sales, co-ordinate hedges

  • Assist in the preparation of syndication memos supporting proposed transactions for New York/Paris credit committees
  • Perform general market research
  • Assist in preparation of the syndication marketing materials under the guidance of senior team members
  • Maintain deal databases and market update slides
  • Assist with investor Q&A during the syndication process where appropriate, and answer investor questions on the transaction in market
  • Obtain up-to-date market/pricing information as requested
  • Develop expertise with commonly used data sources and software such as LCD, LoanConnector, Moody’s, S&P, Debtdomain, and Intralinks
  • Coordinate closing with Agency Services team 
  • Maintenance of internal reporting documentation (i.e. underwriting exposure, profitability, etc.)

Minimum Required Qualifications:

  • Bachelor’s degree in Finance/Economics
  • Excellent academic credentials
  • High level of motivation, dedication, intellectual curiosity & professional poise
  • Excellent verbal and written communication skills
  • Outstanding proficiency in Excel, PowerPoint, Word
  • Ability to balance multiple responsibilities at one time
  • Fixed-income, markets or credit analysis experience

Preferred Qualifications:

  • Syndicate or DCM experience preferred
  • Proficiency with Bloomberg

FINRA Registrations Required: 

  • SIE, Series 63 and 79 (either existing or within 3 months of start date)

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 range for this position is between $100,000 to $110,000 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.

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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