Portfolio Monitoring Vice President

The BBVA Group is a customer-centric global financial services group with EUR769.3 billion in total assets and over 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 ResponsibilitiesThe 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 transactionsProactively manage the loan portfolio, including covenant compliance reporting, amendments and waiversMonitor borrowers for key events that could have impact the credit quality of the portfolioEngage with restructuring teams as needed for loans at risk of defaultInteract with Collateral Agents, Account Agents, Internal / External Legal Counsel, Trustee, AdvisorsInterface with internal loan operations and funding desks in the closing and management of the loan bookWork with Loan Syndicate & Sales teams in the purchase and sale of assets as neededRegularly report loan metrics and performance indicatorsList Major/Essential Job Duties:Interact with internal and external parties to ensure successful execution/maintenance of the US loan bookProvide Agency Services function for loan transactions where BBVA acts as lead bank or sole lenderPerform first line of defense on credit quality of the loan portfolio including covenant monitoring and early warning indicatorsLevel of Complexity and Risk Involved: Moderate level of complexity - especially related to monitoring of project finance and real estate loansFirst line of defenseSkills, knowledge, and abilities/competenciesDegree in Economics, Accounting, Finance or related field7+ years of experience including roles in loan operations, loan monitoring, and/or agency servicesExperience with project finance, securitization, capital calls and/or real estateStrong understanding of the loan closing process and administrative agent rolesDemonstrated experience and proficiency in loan documentation, loan structures, models, covenants, and loan structures, especially related to project finance transactionsExcellent English written and verbal communication skillsWorking knowledge of Spanish is beneficial but not requiredAbility to work in a team environment and under tight deadlinesProficient in Excel and Power PointStrong analytical skillsAll 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 $170,000 to $220,000. 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

Created: 2025-01-28