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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 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.

Major/Essential Job Duties:

• 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

Level of Complexity and Risk Involved:

Complex responsibilities, including interaction with various stakeholders, from portfolio and deal management to trainin