London – Long Term Internship 2023 – Financial Institutions Coverage, ICAT FI Credit Analyst

BNP Paribas
29 September 2023
Borough, South East London


WHO WE ARE The bank for a changing world. With strong roots anchored in Europe's banking history, BNP Paribas supports its clients and employees in today's changing world and has positioned itself as a leading bank in the Eurozone and a prominent international banking institution. BNP Paribas has been recognized as the 2019 World's Best Bank for Corporate Responsibility by Euromoney magazine. This reflects our commitment to financing the economy in an ethical manner, developing and engaging our people, being an agent for positive impact on society and for combating climate change. BNP Paribas contributes to the real economy by providing solutions to a wide range of clients: individuals, community associations, entrepreneurs, SMEs, corporate clients and institutional investors. The Group helps them realise their personal and professional projects through solutions spanning financing, investment, savings and insurance. BNPP has a significant presence in the UK with a 150-year history. Whilst recognised as a leading European bank, BNP Paribas in fact operates in 72 worldwide countries with around 200,000 employees. With such a diverse set of banking coverage (ranging from asset management insurance, retail banking, personal finance, vehicle leasing to investment banking) the career opportunities within BNPP are vast, international and attract a diverse staff base. THE ROLE Financial Institutions Coverage (FIC) is a global coverage group specializing in the Financial Institutions sector. FIC aims to build long-term relationships with key clients and gain insight into client strategy and targets to provide original and integrated ideas and solutions. Within FIC, the Institutional Credit Analysis Team (ICAT) is responsible for completing the credit analysis for financial institutions clients (including due diligence when necessary). In particular, the Team ensures that credit analysis and recommendations are provided in due time for Banks, Insurances, Sovereign, Brokers, other non-banks financial institutions, pensions funds, financial sponsors, hedge funds, regulated funds, funds of hedge funds, agency arrangements and asset managers. The ICAT Team performs credit analysis and provide credit recommendations on their respective perimeter 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, Portfolio review committees. The ICAT Team Guarantees the quality of credit files and portfolios (notably by complying with regulatory framework e.g. Basel III requirements and including credit policies, rating policies and other Group guidelines), Develops local market intelligence by performing desk research (financial statement analysis, monitoring of published research), Guarantees the selection and the follow up of counterparties considered Doubtful, under Watch List or sensitive list, evaluates the accurate level of provisioning Maintains a network of Business contacts and performs on site due diligence, guarantees that available local market information and views on risk issues are communicated swiftly and effectively. ICAT is a main partner for the Senior Credit Officers and their Business binomes" for the clients covered by the financial institution credit process and is also in permanent interaction with other business lines for uncovered clients Our Values Our staff well-being is an integral part of the "people care" values within our group and this is reflected in our award-winning flexible benefits package, flexible working environment and support for people's health and well-being ( ). The culture fosters career longevity and internal mobility, while equally supporting new graduates and talents. Due to the varied mix of experience, fresh talents benefit from learning from long standing staff who are always happy to share and teach their extensive experience and wide breadth of knowledge. Highly comprehensive internal training courses and programmes targeted at developing talents at all levels complement the training on the job. Employees also connect through strong employee networks (Multicultural, LGBT, Gender Balance, Disability, Diversity and Inclusion, Early Career, Parents and Carers), social committees, sports and mentorships. To find out more about why you should join BNP Paribas please visit our website or try some of the links below: KEY RESPONSIBILITIES The FI team intern supports the credit analysts across all areas tasks. The credit analyst is responsible for completing credit analysis on a portfolio of Financial Institutions to facilitate informed credit decisions. Develop an in-depth understanding of the groups under his/her responsibility and develop market intelligence by investigating all available sources of credit and financial information. Monitor permanently the portfolio under his/her responsibility to detect any credit issue requiring a specific review. Conduct Annual and interim reviews. Produce in due time and present in Credit Committee a factual summary of client's credit worthiness (credit proposal), compliant with the Bank's guidelines. The credit proposal includes a recommendation on the ratings, the limits, the legal credit terms and the risk strategy vis-a-vis the client. Day-to-day transaction approvals, quantifying risk for trade requests received from Front Office across the bank. Prepare initial credit questionnaire for ISDA/CSA and other legal documents, and negotiation of credit-related terms in the legal docs. Work in close collaboration with the Lisbon Credit Support Analysts, including providing the required trainings. Develop a good knowledge of the banking environment: capital market products, legal documentations, accounting and regulatory environments. Assist the more senior analysts to perform due diligences. Perform portfolio reviews when required. Keep abreast of the changing methodologies and credit policies Assists with interactions with the Binome (clients under coverage) Assists colleagues with the Binome (SCO & FIC Relationship Manager). Attend when necessary discussions forum under the leadership of the Binome. Assist to prepare credit proposal in the light of FIC commercial strategy, coverage memo, and of any material information (transaction or risks) provided by the RM Pilot or the Binome. Contribute together with the Binome to the identification of the credit points that need to be discussed with the client (during Due Diligence for example). Guarantee (with the help of more senior analysts) Guarantee rigorous and synthetic credit risk analysis and recommendation (Annual review, ad hoc, credit notes, comparative analysis) Guarantee the application of Bank's procedures and policies and the consistency of Bank's ratings Guarantee the quality of the process and the timely delivery of the team's output, notably Annual reviews in line with validated calendar. Contribute Contribute to the formalisation of the credit decisions in the credit workflow tool Contribute to the risk strategy definition by providing recommendation on the risk profile of the counterparty and on specific transactions in relationship with the appropriate stakeholders Contribute to the Bank's reactivity vis-à-vis clients' expectations by prioritizing urgent requests under his/her responsibility with his/her manager Contribute to the quality of process : use adequately the credit process' flow and workflow system, maintain critical client data, interact efficiently ahead of credit committee with the various stakeholders of the credit process Contribute to the development of policies, reports and risk tools, and to the Credit Process optimization Contribute to sharing best practices among various teams. Contribute to Credit Process optimization. Interactions with Business Lines (uncovered clients) Discuss the requests of Credit limits with the Business Lines Provide credit analysis and recommendation in the frame of AR or ad hoc Credit Committee on clients followed by Business Lines Work with Business Lines to mitigate risk related to the counterparties Ask for Due diligence 's meeting or credit review TECHNICAL SKILLS AND QUALIFICATIONS REQUIRED FOR THE ROLE Essential Education: Master's Degree/MSc/Master 2 from Business School or University in Banking, Finance, Economics, Risk Management, Financial Markets or other relevant areas Experience: some experience in the finance industry- preferable, Languages: English (fluent) Skills Strong and proven analytical skills (proficient) Adaptability and proactivity, multitasking Strong presentation and communication skills (verbal and written) (expert) Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint) (proficient) Solid knowledge and understanding of banking and financial markets (proficient) Understanding of Corporate Banking and Capital Markets products (proficient) Self-driven and organized (expert) Rigorous and reliable Preferred Languages: Additional Language would be welcomed [French, German, Portuguese, Italian, Dutch, Arabic, Chinese…] Skills: Good knowledge of Legal documentations credit terms (ISDA, CSA…) Good knowledge of derivative products Accounting / balance sheet analysis very useful Primary Location GB-London Job Type Long Term Internship Job Not applicable Reference 2080 Apply (REF: 2080) Why should I apply? Basically, why would you want to join BNP Paribas over any other company? BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS Interesting assignments What if we told you that working in our Group isn't quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action. To feel good about the job you do Feeling good about your job means bringing your whole self to work and being who you are. It's also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas. To learn something new every day At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life. 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