Disclaimer: Hunt UK Visa Sponsors aggregates job listings from publicly available sources, such as search engines, to assist with your job hunting. We do not claim affiliation with BBVA. For the most up-to-date job details, please visit the official website by clicking "Apply Now."
Leveraged Finance team in EMEA sits within the Investment Banking & Finance group, part of BBVA’s Corporate & Investment Banking division.
The team is responsible for the origination, structuring, underwriting and execution of large cap LBO and leveraged corporate financing transactions for financial sponsors and sub-investment grade corporate clients across Europe. The business model integrates both bonds and loans and a clear focus on an originate to distribute model.
About the Role
As an Associate, your main roles and responsibilities are, among others, the following:
- Work with our set of target clients in order to provide the best advice on accessing capital markets and win origination mandates.
- Assist all stages of assessment, underwriting and distribution processes, coordinating with different stakeholders in Coverage, Industry, Syndicate, Sales and Risk to obtain the relevant approvals.
- Support origination activities for HY Bonds, Term Loan Bs and other syndicated bank facilities (among others, TLAs, RCFs, Guarantee Lines...). This includes running financial models, conducting financial and credit analysis, reviewing and structuring documentation and drive the preparation of materials not only for internal approval committees but also for marketing efforts and syndication purposes.
- Manage the day-to-day execution of live deals (across both High Yield Bond and Loan markets).
- Provide support, guidance and learning opportunities to more junior team members.
- Demonstrate an understanding of banks’ internal mechanisms for financing roles, as well as adherence to the corporate policies and internal and external compliance regulations, with an upmost respect for the bank’s culture.
Preferred Qualifications
- Strong analytical orientation, with proven experience performing financial and credit analysis.
- Exceptional communication skills, both verbal and written.
- Experience in leveraged finance and / or structured finance preferred.
- Comprehensive understanding of the syndicated term loan and high yield bond markets and related products.
- Knowledge and understanding of the financial sponsor community.
- Demonstrated interest in finance, transactions and financial markets in general.
Tasks
- Support all aspects of origination activities, working very closed with all the stakeholders across the value chain (Coverage, Advisory, Syndicate & Sales).
- Review and analyse new business opportunities with relevant stakeholders to prepare internal memos for credit and syndication committees.
- Support senior originators within the team through reviewing IMs, due diligence reports, grids and legal documentation.
- Assist senior originators in drafting pitches, marketing materials and other external deal processes related to deal sourcing and execution.
- Develop a network of contacts on the client side and at other banks as well as relationships with relevant investors.
- Closely monitor Leveraged Loans & HYB market trends and identify new business opportunities.
- Coordinate the development of internal market trackers (comps, covenant grids) and processing of market research (business / sector etc.)
- Advise companies on financing in the context of acquisitions, capital return, and/or ongoing working capital and refinancing needs.
- Review leveraged finance documentation, incl commitment papers, IMs, precedents and sponsor grids, interacting directly with clients and advisors (lawyers, co-advisors, etc).
- Responsible in assisting marketing materials and other external deal processes related to deal execution including but not limited to loan syndication materials (IM, rating agency presentations, lender pres etc.), OM, roadshow presentations, DD questions.
All of the above require strong quantitative and qualitative skills, an understanding of the origination and execution processes end-to-end, and the capacity to work on several tasks in parallel, which requires solid organisation skills and strong commitment.
Qualifications
- Bachelor’s degree or MBA or equivalent graduate degree in a financial discipline with an excellent academic record PLUS minimum 2 years of experience in a Leveraged Finance team or a similar field.
- Proven experience in analyzing and structuring Leveraged Finance transactions as well as in underwriting and syndication of HY bonds and TLBs.
- Ability to work under pressure.
- Demonstrate a willingness to solve problems and improve processes.
- Strong stakeholder management skills as well as proven ability to manage more junior resources.
- Familiar with policies and procedures of origination and syndication activities plus all the regulatory requirements to effectively conduct the role.
- Language proficiency: fluent in English and Spanish, another EU language would be beneficial.
- IT skills: Excel, PowerPoint, Word, Bloomberg.
