Portfolio Monitoring Associate

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BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.

The BBVA Group is a customer-centric global financial services group with over EUR800 billion in total assets and more than 125,000 employees. BBVA Group has a leading position in the Spanish market, is the largest financial institution in Mexico, and boasts leading franchises in South America and Turkey. It also has an important investment, transactional and capital markets banking business in US, EMEA & Asia. The institution rests on solid values: customer comes first, think big and one team.

BBVA Corporate & Investment Banking (“BBVA CIB”) encompasses investment banking, market activities, loans and transactional services for international corporate clients and institutional investors. BBVA CIB clients can choose from
a wide range of value-added products and financial solutions and access expert advisory services to achieve their business, transformation and sustainability objectives in line with their strategic plans. This robust global franchise services clients worldwide, with an extensive network of financial experts, investment-banking specialists and advisers in specific industries and sectors.

This is an opportunity for a qualified candidate to join a growing team.

About the job:

The Portfolio Monitoring (“PM”) team is an integral part of Investment Banking & Finance within BBVA CIB. PM is responsible for working with front offi ceteams to execute loan documentation and monitor the performance of the loan portfolio. Also, PM may provide agency services when BBVA acts as agent on syndicated deals.

PM is involved from the early stages of loan execution but once a loan transaction is booked, PM manages any event relative to the transaction, including among others covenant monitoring, amendments or waivers. The PM team also
monitors the loan book for information on a borrower in order to anticipate potential risks and keeps a fluid communication with both front office and risk teams. As a first line of defense for credit quality, PM is also responsible for recommending involvement of the restructuring teams, if the case may be.

For loans where BBVA acts as Agent, PM is integral in working with the borrower to distribute required covenant compliance documents and communicate with the club or banking syndicate. As a participant bank, PM acts as the key contact point with the administrative agent and manages the loan activity post-closing.

General responsibilities for the role include, but are not limited to, the following:

• Work closely with risk and front office teams to successfully structure and close loan transactions

• Proactively manage the loan portfolio, including covenant compliance reporting, amendments and waivers

• Monitor borrowers for key events that could impact the credit quality of the portfolio

• Engage with restructuring teams as needed for loans at risk of default

• Interact with Collateral Agents, Account Agents, Internal / External Legal Counsel, Trustee, Advisors

• Interface with internal loan operations and funding desks in the closing and management of the loan book

• Work with Loan Syndicate & Sales teams in the purchase and sale of assets as needed

• Regularly report loan metrics and performance indicators

List Major/Essential Job Duties: 

• Interact with internal and external parties to ensure successful maintenance of the EMEA & Asia loan book

• Provide Agency Services function for loan transactions where BBVA acts as lead bank or sole lender

• Perform first line of defense on credit quality of the loan portfolio including covenant monitoring and early warning indicators

• Monitor progress of key projects in construction and operation

• Analyse complex qualitative and quantitative information, e.g. financial models, technical and legal due diligence/reporting and facility documentation

• Prepare periodic project reviews and present them to the monthly risk committee

Level of Complexity and Risk Involved:

• Moderate level of complexity – especially related to monitoring of project finance.

• First line of defense.

Skills, knowledge, and abilities/competencies:

• Degree in Economics, Accounting, Finance or related field.

• 4+ years of experience including roles in origination, structuring, loan monitoring, and/or agency services.

• Project finance or leverage finance background.

• Understanding of the loan closing process and administrative agent roles.

• Demonstrated experience in loan documentation, loan structures, models and management of covenants.

• Excellent English written and verbal communication skills.

• Ability to work in a team environment and under tight deadlines.

• Strong analytical skills - modelling capabilities desirable.

Skills:

Empatía, Ética, Innovación, Orientación al cliente, Pensamiento proactivo