Associate - Real Estate Financing UK - CM

Company purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people

BUSINESS AREA / DEPARTMENT OVERVIEW

In the UK, Global Banking focuses on 4 main business areas: Corporate Clients Group, Capital Markets, Low Carbon Transition Group and Transaction Banking.

This role sits within Capital Markets, which is a platform designed to provide a fully integrated offer across debt and equity, and work closer with its issuer and investor clients.

Real Estate Finance within CIB Capital Markets EMEA is responsible for the coverage of large listed REITS or other investment vehicles and major real estate funds and asset managers. The team promotes all products delivered by BNP Paribas and cross-selling essentially with Global Markets, ECM, Corporate Finance, Cash Management & Deposits, BNP Paribas Real Estate, and Securities Services. They are also responsible for the structuring of real estate specialised financing, their execution and distribution for clients, like PE Funds and Asset Managers for example, under REF’s coverage or under the coverage of other areas of the bank.

JOB PURPOSE

As an Associate, the role holder will be accountable for the delivery of routine but often complex activities in relation to transactions within their respective business area. They will be expected to support MDs, Directors and Vice Presidents by assisting on a full range of activities within Real Estate Capital Markets, including marketing, executing and regulation activities.

KEY RESPONSIBILITIES

Accountable as an intermediate / developing professional within the Real Estate Capital Markets UK function for the delivery of routine activities to support the marketing, origination and execution of transactions / files such as:

Supporting day-to-day execution and project management of commercial Real Estate transactions; Assisting in the origination, structuring, execution and on‐going management of real estate financings; Assisting in marketing to clients, and ensuring high quality standards and reliability of all marketing materials; Thinks commercially about a client’s business and identify new business opportunities; Responsible for valuation / modelling; Challenges senior officers on both commercial and technical aspects of transactions; Undertakes viability analysis to establish the appropriateness of prospective financings; Ensures high quality standards and reliability of all materials and process execution (Due Diligence, credit approval, including Analysts’ work); and Works in cooperation with Credit Portfolio Management team, to help perform annual reviews and manage waivers and amendment requests;

Applies existing policies and procedures within established guidelines related to RECM to all tasks in order to reliably deliver routine outputs for clients with a high standard of quality. Interacts with internal parties in both marketing and execution with some autonomy to drive effective delivery of all tasks. Builds and maintains internal networks. Involved in client communication and has full autonomy for routine tasks, with appropriate oversight. Interacts directly with clients and with other advisors (lawyers, co-advisors, etc) at an appropriate level. Works under own initiative where possible, but refers more complex and technical issues to more senior colleagues in a timely manner for resolution and advice. Where appropriate, may delegate some tasks to junior team members, keeping them informed about marketing activities. Prioritises workload as required to support the team and achieve their personal development and growth objectives within agreed timescales. Collaborates with team members and other teams and begins to offer solutions to problems.

SKILLS & EXPERIENCE REQUIRED

Professional qualification required with technical and broad understanding to an intermediate level of the Real Estate sector and client base. Previous relevant internship / work experience desirable. Relevant experience and knowledge of cash flow and rent roll modelling, term sheet and credit paper drafting, documentation review, and asset positioning analysis. Typically requires a university degree as an indicator of an ability to understand and apply complex theoretical concepts, although may have progressed into the role via equivalent business experience. Strong quantitative, analytical, and modelling skills and ability to meet deadlines under pressure. Strong personal focus on accuracy and attention to detail and able to review and improve work of more junior colleagues. Good knowledge of BNPP, the industry, and its products / services, with a demonstrable capacity and willingness to continue to develop market awareness autonomously and to learn and improve performance. Ability to assume responsibility towards client satisfaction and helps develop client relationships at the appropriate level. Desire to develop market awareness and general business culture. Good written and oral English skills in order to articulate technical issues associated to work area. Able to coach and support colleagues in their performance and development. Computer literacy and a good knowledge of a range of standard computer software, e.g., Microsoft Office, email. Experience in using investment banking databases (e.g. Factset, Dealogic, Bloomberg). Good citizen behaviour, embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethics, integrity, Code of Conduct). Ability to operate within the Compliance framework imposed by the Bank and external regulators.

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

A BIT MORE ABOUT WHY YOU SHOULD JOIN US

1. We’re a great place to work

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
• Subject to relevant caps

2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

3. We believe in our people

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.

Investing in our people also means we have a collaborative and inclusive culture:

• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

EQUAL OPPORTUNITIES

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

ADJUSTMENTS

We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.

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