FIG Coverage Banker - Associate
BBVA - new york city, NY
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Summary of Responsibilities:A FIG Banking Associate is a member of a client-facing team within BBVA's Corporate and Investment Bank. The Associate's primary responsibility is to support FIG Clients USA Relationship Managers in developing, marketing, and delivering the bank's wide range of banking products and services to FIG clients as part of the US Institutional Plan.The Associate will coordinate closely with Relationship Managers in the United States, Europe and Latin America, and Product groups to manage all aspects of transactions, including proposal preparation and liaising with risk and Portfolio Management, Legal, Operations and Finance teams. Prior Credit Analysis skills required (covering Financial Institutions)List MajorEssential Job Duties:Credit and Financial AnalysisPrepare credit analysis for new and existing Financial Institutions Coverage clients in the Insurance, Banks, Asset Management and Financial Payments verticalsBuild and modify financial modelsConduct detailed financial analysis for onboarding new clients.Marketing and Deal ExecutionIdentify and understand client needs, promptly responding to all client requestsCoordinate transaction closings, including management of all documentation and follow-up.Prepare for client meetings, including presentation materials, background information and call plans.Research and evaluate potential new client relationshipsRiskreward Analysis and DecisionsPrepare transaction summaries and Risk-Adjusted-Return analysis for presentation to Credit Committee, including financial metrics such as pro-forma financial statements and cash flow projections, risk and mitigants, SWOT analysis, etc.Analyze global relationships, gathering credit facility and revenue data from BBVA subsidiaries, especially those in Latin AmericaParticipate in Credit Committees jointly with Relationship ManagersInternal Coordination and Problem SolvingConduct joint planning sessions with Product teams including Debt Capital Markets, Bank Syndications, Corporate Lending, Foreign Exchange, Cash management, etc.Coordinate internal procedures with the Credit, Operational and Legal departmentsResolve any financial, administrative and operational issues by working closely with Operations, Middle Office and Business DevelopmentInformation Management and ReportingPerform research and summarize opinions of major equity analysts on products, industries, countries, and economic forecastsEnsure integrity of domesticglobal profitability information gathering for internal team reportingMaintain the Customer Relationship Management system for pipeline and profitability reportingLevel of Complexity and Risk Involved:The Associate position requires a high level of involvement and responsibility. Associates are responsible for substantial amount of in-depth analysis and research and play a crucial role on deal execution and interaction with clientsFor each client in the portfolio, the Associate plays a relevant role in identifying business opportunities that are in line with the capabilities and product and service offerings of the bankScope of Duties:Associates play a critical and indispensable role as members of the FIG Banking team. Associates support Global relationship managers in all day to day operations from client and industry analysis to working on live transactions and deal execution. Associates are also expected and encouraged to interact daily with product partners to enhance internal communication and accomplish deliverables.Additional expectations within the scope of the Associate role:Ability to interact and communicate effectible with internal and external clientsStrong knowledge of finance and accounting Ability to meet deadlines and prepare client presentations on time and with minimum errors (high attention to detail)Successful interaction with the various product groups and colleaguesAbility to work under pressureDevelop solid knowledge of banking products and servicesStrong work ethic and high degree of proactiveness Skills, knowledge, and abilitiesCompetencies:Technical Skills:Bachelor's degree with 5 years minimum of work experience;MBA preferredFluency in English and SpanishStrong analytical and financial modeling skillsAdvanced computer skills, particularly in Excel and PowerPoint; Reuters and Bloomberg a plusUnderstanding of international economics and marketsCredit Training a plusPerformance Skills:Excellent communication skills; ability to coordinate with people across different departments and regions (Clients, Product Specialists, Credit team, FIG, and local relationship managers)Ability to work under pressureStrong attention to detailStrong interpersonal and teamwork skillsManagement Responsibilities:Associates work with and report to various senior bankers. Each Associate is responsible for a set number of client accounts within various industry sector(s).Associates are expected to learn the dynamics of the industries they cover and to take ownership of their accounts and might have substantial responsibility in identifying and following on opportunities with their portfolio of clients.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 aprotected veteran.With respect to this position in our New York Office, the expected base salary ranges from $105,000 to $140,000. 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 sponsorshipfor these positions
Created: 2024-09-26