BBVA (Banco Bilbao Vizcaya Argentaria) is a leading global financial services group and one of the largest financial institutions in the world, with a significant presence in Spain, Mexico, South America, and Turkey. The bank is widely recognized for its pioneering digital transformation, consistently ranking as a global leader in mobile banking and fintech innovation while managing over 120,000 employees worldwide.

Headquartered in Madrid, BBVA is a major employer for international professionals, particularly within its Corporate & Investment Banking (CIB) and Engineering & Data divisions. The company operates out of 'Ciudad BBVA,' a massive, modern campus designed for agile collaboration, and offers a multicultural environment where English is the primary language for many global and technical functions.

BBVA was formed in 1999 through the merger of Banco Bilbao Vizcaya and Argentaria, though its roots date back to 1857 with the founding of Banco de Bilbao. It has evolved from a local Spanish bank into a global financial powerhouse and a digital banking pioneer.

GRM CIB | Senior Specialist - Workout

BBVA

This job was originally posted in Spanish and automatically translated to English. You'll most likely need Spanish to apply.

Job Description

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.

Learn more about the area:

CIB Risk is the Risk unit of Corporate & Investment Banking (CIB), responsible for the admission, measurement, and control of the unit's risks, encompassing both market and credit risks.

WO CIB Riskis the new area that will assume the Workout responsibilities currently performed within GRM and will specialize in the credit risk management of corporate and institutional clients showing signs of financial deterioration or those in complex restructuring situations, ensuring portfolio sustainability and maximizing capital recovery.

About the job:

Reporting directly to the Head of Work Out CIB Risk, the mission of this role is to oversee and execute the operational and strategic processes for the credit risk management of impaired clients.

Main Functions

Risk Management and Financial Analysis

Credit Risk Management: Actively analyze and monitor the portfolio of impaired clients assigned to the unit.
Advanced Financial Analysis: Perform deep diagnostics of financial statements, business models, and cash flows of corporate clients in special situations.
Provision Calculation: Determine and calculate provisions and expected credit loss estimates for the portfolio under management, ensuring compliance with internal and regulatory standards.
Preparation of proposals and presentation to Committees.

Negotiation and Strategy

Complex Restructurings: Lead and coordinate debt negotiation and restructuring processes with wholesale banking clients and banking syndicates.
Strategic Project Monitoring: Oversee the execution of the area's strategic projects and continuously monitor operational KPIs.

Profile Requirements

Minimum Experience

General Experience: 8+ years of experience in Credit Risk Management areas (Wholesale Risk / Corporate Risk) within the financial sector.
Specific Experience: Minimum 3-5 years of direct experience leading Work Out processes, complex corporate restructurings (distressed debt), refinancings, or wholesale asset recovery.
Leadership: Previous experience coordinating and motivating teams of financial analysts or risk managers.

Required Technical Knowledge

Financial Modeling: Advanced mastery of corporate financial statement analysis, balance sheet projections, and cash flow models (Cash Flow Modeling).
Risk Regulation: Deep knowledge of provisioning regulations, classification of impaired assets, and credit risk regulatory frameworks (e.g., IFRS9).
Sustainability in Finance: Understanding of ESG criteria and sustainability applied to the analysis and contrast of credit risks (Sustainability Contrast).
Languages: Fluent English and Spanish (C1/C2 level indispensable for negotiations with global clients and international counterparties).

Skills:

Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking

View original advert (Spanish)

Excited to grow your career?

Learn more about the area:

CIB Risk es la unidad de Riesgos de Corporate & Investment Banking (CIB), encargada de la admisión, medición y control de los riesgos de la unidad, englobando tanto los riesgos de mercados como los de crédito.

WO CIB Riskes la nueva área que asumirá las responsabilidades de Workout actualmente desempeñadas dentro de GRM y se especializará en la gestión del riesgo de crédito de clientes corporativos e institucionales que presentan signos de deterioro financiero o se encuentran en situaciones de reestructuración compleja, velando por la sostenibilidad del portafolio y la maximización de la recuperación del capital.

About the job:

Reportando directamente al Responsable de Work Out CIB Risk, la misión de este rol es supervisar y ejecutar los procesos operativos y estratégicos para la gestión del riesgo de crédito de clientes deteriorados.

Funciones principales

Gestión de Riesgo y Análisis Financiero

Gestión del Riesgo de Crédito: Analizar y monitorizar activamente la cartera de clientes deteriorados asignada a la unidad.
Análisis Financiero Avanzado: Realizar diagnósticos profundos de los estados financieros, modelos de negocio y flujos de caja de los clientes corporativos en situaciones especiales.
Cálculo de Provisiones: Determinar y calcular las provisiones y estimaciones de pérdida crediticia esperada del portafolio bajo su gestión, asegurando el cumplimiento de las normativas internas y regulatorias.
Preparación de Propuestas y presentación a los Comités.

Negociación y Estrategia

Reestructuraciones Complejas: Liderar y coordinar los procesos de negociación y reestructuración de deuda con clientes de banca mayorista y sindicatos bancarios.
Seguimiento de Proyectos Estratégicos: Supervisar la ejecución de los proyectos estratégicos del área y monitorear de forma continua los KPIs operativos.

Requisitos del perfil

Experiencia Mínima

Experiencia General: A partir de 8 años de experiencia en áreas de Gestión de Riesgo de Crédito (Wholesale Risk / Corporate Risk) dentro del sector financiero.
Experiencia Específica: Mínimo 3-5 años de experiencia directa liderando procesos de Work Out, reestructuraciones corporativas complejas (distressed debt), refinanciaciones o recuperación de activos mayoristas.
Liderazgo: Experiencia previa coordinando y motivando equipos de analistas financieros o gestores de riesgo.

Conocimientos Técnicos Requeridos

Modelización Financiera: Dominio avanzado de análisis de estados financieros corporativos, proyecciones de balance y modelos de flujos de caja (Cash Flow Modeling).
Regulación de Riesgos: Conocimiento profundo de normativas de provisiones, clasificación de activos deteriorados y marcos regulatorios de riesgo de crédito (ej. IFRS9).
Sostenibilidad en Finanzas: Entendimiento de los criterios ESG y sostenibilidad aplicados al análisis y contraste de riesgos crediticios (Sustainability Contrast).
Idiomas:Inglés y Español fluidos (Nivel C1/C2 indispensable para negociaciones con clientes globales y contrapartes internacionales).

Skills:

Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking