Vice President – Credit Officer-Insurance and Mortgage Focus

Business Overview:

• To advise the Bank on risk appetite definition
• To contribute as an objective “second pair of eyes” that risks taken on by the Bank align with its policies
• To report and alert Bank Management of the status of risks to which the Bank is exposed
• To contribute to the development and growth of the risk culture within the Group

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:

  • To serve as a credit officer (delegation holder / decision maker) for financial institution sectors, with a focus on mortgage companies (specifically, mortgage REITs, non-bank mortgage originators, and mortgage securitization issuers) and other finance companies within the Americas.
    • This process includes reviewing comprehensive analyses and recommendations from credit analysts on the relevant sectors and institutions in each country, including credit limit, credit rating, and recovery rate recommendations; commentary on management; business strategies; financial profile, performance, and risks; and competitive positioning within the industry.
  • The larger Risk perimeter encompasses credit and counterparty risk, market risk, funding and liquidity risk, interest rate and FX risk of the Banking book, insurance risk, and operational risk.
    • This particular role will have a primary focus on credit and counterparty risk.
  • Risk covers all Group’s activities and geographies.
  • To provide a holistic view of the risk profile to the Bank’s management and Board, RISK coordinates with the relevant control function(s) to ensure relevant risk assessment, aggregation, and reporting.
  • Provide a RISK opinion and delegation on capital markets and corporate banking credit risks generated by financial institutions in the Americas.
    • Capital market transactions include products such as credit and equity derivatives, swaps, bond options, repos (including repo on CRT, Non-QM, Agency MBS, and other securitized mortgage assets), foreign exchange, equity trading, and securities lending.
    • Corporate Banking transactions include products such as mortgage warehouse facilities (including warehousing of Agency loans, prime jumbo loans, Non-QM loans, and other mortgage assets), syndicated loan participations, letters of credit, and structured transactions.
    • Responsibilities also extend to reviewing counterparty credit analysis and exposures provided by Credit Control and Reporting Team.
  • Co-ordinate with Legal Department, relationship managers, product specialists, and credit analysts to execute legal documentation by providing credit-sensitive terms in legal documentation and collateral arrangements with financial institution clients.
  • Continuously interact with Marketers, Traders, Market Risk, Legal and Operations personnel to structure transactions, including mortgage warehouse facilities, to mitigate diverse forms of risk.
  • Work closely with Relationship Managers, Transaction Team, Credit Analysts, and other Credit Officers to assist in structuring transactions to minimize un-due credit risk.
  • Support all business lines credit requests / transactions for BNP Paribas Bank clients.
    • The priority is to opine on and challenge relevant credit applications and credit analysis in order to establish lines that are within the Bank’s risk tolerance.
  • Effectively handle multiple tasks and review multiple files simultaneously through effective prioritization of requests (in conjunction with immediate supervisor) and sound organizational skills.
  • Provide credit parameters for legal documentation. Additionally, ensure credit analyst review of all legal documentation at time of annual review, ensuring all necessary documents are in place (including guarantees) and being familiar with what products are covered and what credit terms are required under the ISDA/CSA, PSA, PSA/ISMA, MSFTA, and GMSLA.
  • To be part of regulatory and internal exercises to coordinate exposures or Counterparty data for larger BNPP needs.
  • Remain familiar with industry risks/trends, including credit issues, regulatory issues and legal issues, among others.
  
  

Minimum Required Qualifications

• 5 - 10 years previous experience in banking and/or credit risk experience on covered sectors and products with priority for mortgage sectors and mortgage warehouse facilities with secondary focus on other financial sectors.
• Technical skills, advanced Excel, or coding skills.

• Self-starter and highly motivated.

Preferred Qualifications:

• BS/BA required with Finance or Economic backgrounds strongly preferred

FINRA Registrations Required: N/A

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

SEC Security-Based Swap Dealer Associated Person: N/A

The expected starting salary range for this position in New York is between $135,000 to $185,000 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.

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