Project Finance Portfolio Monitoring Vice President

BBVA•New York, NY

About The Position

The BBVA Group is a customer-centric global financial services group with EUR813.1 billion in total assets and over 126,000 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. BBVA’s 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 over 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 in New York 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, provides agency services on syndicated loans and manages all waivers and amendments for these transactions. 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, real estate, 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 all transaction events, including covenant monitoring, amendments and waivers. PM also monitors the loan book for borrower information that could impact repayment and communicates with the front office and risk teams regarding loan/portfolio performance metrics and activity. PM utilizes a variety of applications and tools to perform its duties, including several internally developed applications. For loans where BBVA is 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 such as project finance construction loans, PM is responsible for credit monitoring reviews of the transaction. 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.

Requirements

Degree in Economics, Accounting, Finance or related field
7+ years of experience including roles in loan operations, loan monitoring, and/or agency services
Experience in corporate/investment banking with project finance or in construction energy firms related to project finance
Strong understanding of the loan closing process and administrative agent roles
Demonstrated experience and proficiency in loan documentation, loan structures, models, covenants, and loan structures related to project finance transactions
Excellent English written and verbal communication skills
Ability to work in a team environment and under tight deadlines
Proficiency in all Microsoft Office tools, Bloomberg a plus
Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions

Nice To Haves

Working knowledge of Spanish is beneficial but not required

Responsibilities

Work closely with risk and front office to successfully structure and close loan transactions
Proactively manage the loan portfolio with 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/Account Agent, Internal / External Legal Counsel, Trustee, Advisors
Interface with internal loan operations and funding desks
Work with Loan Syndicate & Sales teams in the purchase and sale of assets as needed
Regularly report loan metrics and performance indicators
Interact with internal and external parties to ensure successful execution/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 early warning indicators