About The JobThe OVRK Private Credit Officer's main mission is to ensure that Ownership Verification and Record Keeping (OVRK) procedures of Private Credit services are completed efficiently and in a timely manner while adhering to company quality standards.
Your Main Activities AreOwnership Verification (OV)Verify Loan Agent notices processed against the information within the system to ensure that any notices that arrived are processed correctly
Perform, as part of the daily OV process, reconciliation of documents such as Loan Agent Notices, Trade Packs, Initial Agreements with the database
Perform, on a semi-annual basis, for loan funds subject to OVRK, a three-way reconciliation of client holdings between Loan Agents, the database and Fund Accountant
Extract reports from the database, archive documentation on a dedicated platform, compute the final Certification Report and send it to Depositary Fiduciary Services (DFS)
Record Keeping (RK)Reconcile client holdings statements with database records, analyse and update Sentry records with documents/information provided by the Asset Manager
Investigate breaks by checking transactions or trade files with OV documents and confirm data consistency
Update positions record by uploading all transactions that have affected the position or liaising with the Asset Manager to justify differences
Ensure client satisfaction by following up on their instructions, ensuring that queries are handled timely and respecting norms and standards, escalating unresolved queries and potential incidents with internal or external stakeholders as per the escalation procedure in place
Follow-up with clients to obtain missing key information or documentation required
Participate in continuous improvement or efficiency projects by raising enhancement topics and contributing to their implementation
Profile and Skills to SuccessBachelor's degree in Business Management, Economics, Accounting or any related field
Fluency in English both oral and written with excellent communication skills
Up to 2 years of relevant professional experience
Proficiency in Microsoft Office tools, notably Excel
Great team spirit with the ability to communicate, interact and engage impactfully
Great attentiveness to detail and sense of responsiveness and quality of service
Ability to cope with pressure and adapt to changing priorities
About the TeamThe Portugal Private Credit Center of Expertise team forms part of the wider Loan Solutions team within the Alternative Investors (AI) client line, working in collaboration with the Private Capital teams.
Loan Solutions is engaged in delivering product and solutions to Asset Owner and Asset Manager clients investing in Private Credit (corporate loans), Infrastructure Debt and Real Estate Debt.
The team's purpose is to deliver client solutions and services designed specifically for General Partners investing in private assets, direct loans and broadly syndicated loans.
The main services delivered by the Portugal Private Credit Center of Expertise team are:
Loan Administration
Collateral Administration
Middle Office Services
Ownership Verification and Record Keeping (OVRK)
Loan Trade Closing – where relevant
Primary role focus is the AI client line and client segment, however the team's coverage also encompasses service delivery for Asset Owners, traditional Asset Managers investing into Private Credit asset classes, and BNPP CIB Global Markets.
Why join BNP Paribas?
Leading banking institution.
Leading player in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe.
International reach: The Group holds key positions in several areas of banking and financial services that are structured around three operating divisions:
Corporate & Institutional Banking (CIB) – connects companies needing financing and institutional clients looking for investment opportunities, offering tailored financial solutions for corporate and institutional clients.
Commercial, Personal Banking & Services (CPBS) – brings together all our commercial banks and several specialised businesses.
Investment & Protection Services (IPS) – combines a unique continuum of products and services across protection, saving, investment and real estate including specialised businesses offering a wide range of savings, investment and protection services.
Our presence in Portugal: Since ****, BNP Paribas today has more than ***** employees, distributed across the Group's 10 business entities established in the country.
Its presence also extends to 11 centres of expertise providing value-added services to various countries where the BNP Paribas Group also operates.
Diversity and Inclusion commitment: BNP Paribas's ambition is to cultivate an open and responsive environment for all that encourages collaboration and interaction.
We demonstrate our commitment by actively contributing to the Group's Diversity & Inclusion Strategy and Goals, in line with the United Nations Sustainable Development Goals.
As part of our Local Corporate & Social Responsibility – Diversity & Inclusion Strategy, BNP Paribas Portugal is committed to promote a fair and unbiased recruitment process, offer professional development opportunities to all employees, celebrate diversity and advocate for inclusion, both externally and internally, encouraging employees' participation, creating space for different voices to be heard.
Remote Working Conditions: At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration.
Within this framework, eligible employees can benefit from flexible remote working options adapted to our hybrid working environment.
To ensure a comfortable and efficient working set-up, eligible employees are provided with both office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional items at reduced prices.
Commitment towards work/life balance: Supporting employees in a hybrid way of working while providing them with the means to maintain a work-life balance is an essential dimension of our Smart Working programme.
At BNP Paribas, we care about our employees' wellbeing and promote a culture of good integration between work and personal life.
To find out more on why you should join BNP Paribas please read our Employee Value Proposition and our Career Path page.
Please note that only applications submitted in English will be considered.
In case you are selected for this role, further documentation will be requested to support your hiring process.
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