Director- Senior Credit Officer (Aviation)

January 3, 2024

Director- Senior Credit Officer (Aviation)

ReferenceRIS002258

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

BNP Paribas is hiring a Senior Credit Officer (SCO) to cover the transportation sector.  The SCO will be part of the RISK Corporate team, an independent function responsible for the second level of control of the corporate and securitization risks originated by CIB, including credit committee decisions, internal ratings, and portfolio monitoring.  RISK Corporate in NY acts as a regional decentralized entity of the Risk function, which includes an extensive level of credit delegation in the region. The new hire will be responsible within the RISK Corporate team for the transportation portfolio which includes airlines, operating lessors, OEMs, Captive finance companies and suppliers.   

 

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:

Within RISK Corporate, the RISK Corporate Senior Credit Officer (SCO) guarantees, for the portfolio which she/he follows, the independent assessment of the credit risks as well as of the CSR ones throughout the credit process and until the maturity of the credit, in compliance with regulatory requirements and internal guidelines.

To this effect, and pursuant to the terms and perimeter of her/his credit delegation, the SCO:

  • Concurs or not with the Coverage and/or Business Lines Delegation Holders on files presented to Credit Committee, pursuant to an exchange on relevant items,
  • Guarantees the conformity of the decisions to the credit and CSR policies as well as the monitoring of the credit portfolio under her/his responsibility by assessing periodically its risk profile.

Within that framework, the Senior Credit Officer has the following main missions:

TO GUARANTEE THE QUALITY OF CREDIT DECISIONS

This encompasses, as a 2nd line of defense, and on the portfolio under her/his responsibility:

  • jointly with Coverage and Business lines teams (and VPG as the case may be),
  • the quality of the commitments taken : these commitments should be in line with the Bank’s risk appetite principles as well as with the Bank’s credit policies and procedures including Compliance and CSR aspects;
  • the satisfactory level of risk anticipation by using external and internal early warning signals, by  pro-actively identifying deteriorating risks and closely monitoring Watchlist files and performing or proposing periodic and targeted portfolio reviews;
  • The fair valuation of the credit portfolio, specifically so through the provisioning process, but also through the identification of non performing clients and/or forborne exposures
  • the adequacy of Ratings and Global Recovery Rates (GRRs) assigned to Corporate clients and exposures, ensuring strong compliance with rating and GRR policies (and ensuring documentation of any deviation);
  • the redaction of clear minutes for all committees (including WL&DD committees, CDD and portfolio committees), inter-alia clearly stating RISK Corporate opinion as well as the debates with Businesses and/or VPG that might have preceded the file presentation in credit committees
  • the use of the adequate level of delegation (Delegation Holder and RISK representative);
  • the satisfactory circulation of information between the territories covering her/his geographical responsibilities and HO as well as communication between territories and with the relevant sectorial Risk Officer,

MORE AT LARGE, TO CONTRIBUTE TO A CONTINUED STRENGTHENING OF OUR OVERALL RISK FRAMEWORK

  • to the setting up of the general and specific credit policies, through ad-hoc contributions, and to the dissemination of information on the Bank’s desired risk profile to RISK and CIB teams;
  • To helping ensure that Annual Reviews are performed on a yearly basis, in a timely manner, exerting their influence on Coverage and Business Lines and following up on the calendar of reviews with the aim to respect the 0% past-due target
  • to the validation process for new products or activities covered by RISK Corporate;
  • to the application, adaptation and continuing improvement of the credit decision process;
  • to RISK Corporate permanent control framework and to Corporate Clients continuum initiatives
  • Beyond pure credit risk and beyond CSR risk, SCOs are also asked to contribute to data quality and to the monitoring of operational risk :
    • improving data quality via ensuring the accuracy of key risk parameters in minutes (counterparty ratings, GRRs, country of business, business sector, use of the relevant policies, etc. and by prompting Business to follow on corrective actions
    • communicating to RISK ORC CIB any operational risk she/he becomes aware of (potential fraud, breach of security package,…)
  • to the continued enhancement of RISK Corporate monitoring  and anticipation capabilities i.e.:
  • detect potential threats on the portfolio that falls under his/her responsibility (sectorial/product/country levels, concentrations,…)
  • contribute to produce dedicated portfolio reviews on Corporate perimeter when requested
  • contribute to RISK Corporate’s monitoring exposures framework (i.e. Portfolio Committees, SPCF,…)
  • contribute to Risk Policy Committees/Strategic Risk Reviews

Minimum Required Qualifications:

  • At least 15 years of risk management experience in aviation and automotive financing, with a solid understanding of the different drivers of the sector and subsectors.
  • Strong knowledge of the different players and developments in the aviation sector.
  • Experience in highly structured transactions and acquisition finance transactions.
  • Strong understanding of Interagency Leverage Lending Guidance.
  • In-depth experience of the risk assessment and quantification of traditional (i.e. swaps, options and futures) and structured derivatives as well as monitoring of the related counterparty exposure and understanding of relevant documentation including ISDA/CSA. 
  • Strong analytical skills and balanced judgement.
  • Can quickly identify core issues, conclude and decide objectively.
  • Strong communication skills, both verbal and in writing.

Preferred Qualifications:

  • Front Office experience

 

FINRA Registrations Required: Not Applicable 

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 in New York is between $165,000 and $248,000 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.

 

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. In the United States, 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.

The bank employs nearly 6,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.  

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.