Counterparty Credit Risk FIG Insurance SVP
At a glance
Mid-level Risk & Financial Compliance role at Bbva. New York · full-time · $160,000–$220,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Assess credit risk across U.S. insurers, including their holding companies, operating entities and special-purpose vehicles
- Track counterparty exposure and settlement risk for trading through the New York bank branch and U.S. broker-dealer
- Coordinate New York approvals for trade-finance bookings and counterparty limits when onboarding institutions
- Review risk trends and indicators, then prepare reports that support credit-quality decisions
- Keep credit records audit-ready and monitor trading activity, limits and documentation
What you bring
- A finance, economics or related bachelor's degree, or equivalent work experience in place of education
- At least five years in finance, credit risk, underwriting or loan review
- Knowledge of insurance credit analysis, specialty lending structures and financial-institution trading products
- Experience with ISDA, CSA, CDEA or GMRA documents, including their negotiation and ongoing oversight
Who this fits
This role suits a mid-level to senior credit-risk professional focused on U.S. insurance institutions, with broader financial-institution coverage as a plus. You must be eligible to work in the U.S.; visa sponsorship is not available. The position is based in New York and listed as hybrid.
From the employer
Excited to grow your career?
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:
JOB DESCRIPTION:
Looking for a Mid-Level to Senior Counterparty Credit Risk Analyst for the Financial Institutions Group in NY with a specialization in Insurance Companies, and can also include Non-Bank Financial Institutions, Broker-Dealers, Investment Managers, Fund Families, Hedge and Mutual Funds, Financial Sponsors and others as a plus.
High Level Responsibilities:
Financial Institutions credit analysis for U.S. Insurance Companies including Holding Companies, Operating Companies, SPV’s and entire organizations.
Should have understanding of all specialty lending and structures from SPV’s including FABLs, FABNs, and SideCar facilities.
Counterparty Risk and Settlement monitoring for trading via NY Branch (Bank) and BSI (U.S. Broker-Dealer)
Coordination of approvals for Global Trade Finance (SBLC, SLC) bookings in NY
Counterparty Credit Limit approvals for Onboarding of Counterparties in NY
Knowledge of ISDA / CSA / CDEA / GMRA documentation, negotiations and monitoring for Financial Institutions
Understanding of products that include Fixed Income, Foreign Exchange, DVP trading, Repo trading, Structured Finance, SBLC and Capital Call Facilities
Provide timely and accurate reports when needed to follow-up on monitoring and results for trading activity and limit requests
Ability to maintain credit files and folders to make sure everything is accurate to field internal audits and credit quality control
Ability to handle oneself in potentially high stress environment with occasion crunch time deadlines
Responsibilities:
Monitors the risk quality and credit process as established in the monitoring & follow up policy.
Provides data to prepare reports with trends and ratios of risk metrics.
Analyze quality risk indicators (trends, variations, problems) to minimize losses (less complex analysis).
Provide timely and accurate reports to the Monitoring & Follow up Committee, Board, Spain, etc to allow them to make decisions regarding credit quality and ratings.
Education/Experience
Bachelor's Degree in Finance, Economics or related field with at least seven years (5-7) of Finance, Credit Risk, or Underwriting, Loan Review experience. Work experience may substitute for education requirements.
Licenses/Certifications/Registrations
Required: None Required
Preferred: None preferred, although Series 7, 24, 63 (or similar additional knowledge a bonus to have), and licenses can be maintained.
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 a protected veteran.
With respect to this position in our New York Office, the expected base salary ranges from $160,000 to $220,000. 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 sponsorship for these positions
Legal requirements
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.
Pay Transparency Policy Statement
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).
Individuals with Disabilities
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch invite all interested and qualified applicants to apply for employment opportunities. If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing: disabilityaccessjobs.us@bbva.com or by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.
*The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.
EEO Statement
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities.
View the "EEO is the Law" & "View the EEO is the Law Supplement Poster" poster. BBVA USA, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.