Credit Risk Officer, Financial Institutions, Vice President

BBVA

$150K — $175K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Finance, Economics, or related field.
  • 5-7 years of experience in Finance, Credit Risk, or Underwriting, Loan Review.
  • Strong analytical skills with a focus on credit and risk metrics.
  • Ability to interpret and negotiate ISDA/CSA documentation and related financial agreements.
  • Experience with products including Fixed Income, Foreign Exchange, Repo trading, and Structured Finance.
  • Proficiency in Spanish is advantageous but not mandatory.

Responsibilities

  • Monitor credit quality and compliance with risk process policies.
  • Compile data for risk metrics reports, identifying trends and ratios.
  • Analyze quality risk indicators to identify and mitigate potential losses.
  • Prepare timely reports for the Monitoring & Follow up Committee and executive management.
  • Maintain organized credit files to support internal audits and quality control.
  • Support approvals for counterparty credit limits and trade finance bookings.
  • Coordinate the monitoring of counterparty risk and settlement activities.

Benefits

  • Generous employee benefits package including health and retirement plans.
  • Eligibility for performance-based discretionary bonuses.
  • Opportunity for professional development and skill enhancement.
  • Dynamic work environment located in New York with exposure to diverse financial products.
Full Job Description
JOB DESCRIPTION: Looking for a Mid-Level to Senior Counterparty Credit Risk Analyst for the Financial Institutions Group in NY (Non-Bank Financial Institutions to include Insurance Companies, Broker-Dealers, Investment Managers, Fund Families, Hedge and Mutual Funds, Financial Sponsors and others). High Level Responsibilities: • Financial Institutions credit analysis for U.S. and Latin American entities (Bank and Non-Bank Financial Institutions, Insurance companies, Investment Managers and Funds, Financial Sponsors) • 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 / MRA & GMRA / SLA & MSLA 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. • Ability to speak and read Spanish is a strong plus for this position, but not a must. 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. With respect to this position in our New York Office, the expected base salary ranges from $150,000 to $175,000. 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

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