Portfolio Monitoring Project Finance / Real Estate Associate

Excited to Grow Your Career?

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 :

Level of Complexity and Risk Involved :

Skills, Knowledge, and Competencies :

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.