Portfolio Monitoring Project Finance/Real Estate 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.

About the job:

The BBVA Group is a customer-centric global financial services group with EUR772.9 billion in total assets and close to 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 the US. The institution rests on solid values: customer first, think big and one team. Its responsible banking model aspires to achieve a more inclusive and sustainable society.

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 in 24 countries, 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.

Summary of Responsibilities:

The Portfolio Monitoring (“PM”) team at BBVA is an integral part of Investment Banking & Finance within BBVA CIB. PM is responsible for working with front office teams to execute loan documentation and monitor the performance of the loan portfolio. PM provides agency services when BBVA acts as the administrative agent on syndicated loans and manages all waivers and amendments on loan transactions. PM US works closely with the global PM team and coordinates activities on the NY Branch book, with a view to building a team that can manage all of the activity of the US teams. The loan book in the US consists of corporate syndicated revolving credit facilities, term loans, bilateral loans, and club loans to both US companies and international clients who borrow from BBVA NY Branch. In addition, the US portfolio includes both lead roles and participations in project finance transactions, real estate loans, securitizations, and capital call facilities.

PM is involved in the early stages of loan execution, including the structuring stage of a facility. Once a loan transaction is closed, signed, and uploaded into the operations system, PM manages any and all events relative to the transaction, including covenant monitoring, amendments and waivers. The PM team also monitors the loan book for information on a borrower that could impact repayment and communicates with the front office and risk teams regarding loan performance metrics and activity. The PM team utilizes a variety of applications and tools to perform its duties, including several internally developed applications.

For loans where BBVA acts as a lead bank (“Administrative 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.

For complex transactions like project finance construction loans, PM is responsible for credit monitoring reviews of the loan. 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.

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 have 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 a variety of internal and external parties to ensure the successful execution and maintenance of the US 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

Level of Complexity and Risk Involved:

• Moderate level of complexity – especially related to monitoring of project finance, real estate and securitization
• First line of defense

Skills, knowledge, and abilities/competencies:

• Degree in Economics, Accounting, Finance or related field
• 4+ years of experience including roles in loan operations, loan monitoring, and/or agency services
• Knowledge of project finance, securitization, capital calls and/or real estate
• Understanding of the loan closing process and administrative agent roles
• Demonstrated experience and proficiency loan documentation, loan structures, models, covenants, and loan structures, especially related to project finance transactions
• Excellent English written and verbal communication skills
• Working knowledge of Spanish is beneficial but not required
• Ability to work in a team environment and under tight deadlines
• Proficient in Excel and Power Point
• Strong analytical skills

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

With respect to this position in our New York Office, the expected base salary ranges from $110,000 to $155,000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

*Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions

Legal requirements

It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

Pay Transparency Policy Statement

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).

Individuals with Disabilities

BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch invite all interested and qualified applicants to apply for employment opportunities. If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing: [email protected] or by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.

*The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.

EEO Statement

BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities.

View the "EEO is the Law" & "View the EEO is the Law Supplement Poster" poster. BBVA USA, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.