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.

Retail Risk Regulation & Governance Manager Spain

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:

The Retail Risk Spain unit is responsible for credit risk admission and the management of irregular investment for BBVA Spain's retail portfolios. Within the unit, a specific Regulation and Governance team was created years ago to respond to increasing regulation, supervisor inspections, and the needs of the various control layers.

What would be your main responsibilities?

● Assume the role of owner of the mortgage Rating System, which involves having an end-to-end view of the regulatory capital calculation process (IRB), from input generation to obtaining own funds requirements.

● Guarantee the consistency, traceability, and quality of the rating system, including:

Preparation of management reports addressed to Senior Management.
Maintenance and updating of the documentary repository.
Coordination and preparation of the use test.

● Actively participate in inspections and regulatory requirements (Bank of Spain inspections, ECB On-Site and Internal Model Inspections, etc.), ensuring adequate communication and defense of the methodological and operational framework.
● Act as a point of contact with control areas (Holding Risk, Internal Audit, Internal Control), facilitating alignment and response to requirements.
● Collaborate on regulatory projects and transformation initiatives related to admission processes, models, regulatory capital, and retail credit risk governance, with a special focus on the Consumer Portfolio given its increasing regulatory pressure.
● Identify improvement opportunities in processes, tools, and documentation, driving initiatives that strengthen their robustness and efficiency.

The successful candidate will have the opportunity to acquire deep knowledge of risk management processes, scoring models, parameters and their integration into management, as well as interaction with the Director of Retail Risk Spain, Holding Risk departments, and when necessary, with the regulator. Likewise, it is expected that with this knowledge, they will be able to provide new criteria and improvements that directly impact retail credit risk management.

Organization and work dynamics

Weekly team meeting where ongoing topics are addressed, allowing all team members to have a global view of the work being carried out in the area.
Wednesday afternoons without meetings across all GRM Spain to facilitate individual work.
Flexible hours; organize your schedule as you see fit, as the final result is what matters.
Remote work: 60% on-site, 40% remote to help you achieve work-life balance.

Learning and growth:

New to Risk Spain? Onboarding with information and a welcome pack where you can delve deeper into information for each area.
Extensive training plan in the area: skills, risks, tools, external training, workshops...

About the job:

We are looking for a person who meets the following requirements:

Knowledge of the retail business, admission and monitoring processes, models, regulatory, economic, and IFRS9 capital parameters as well as the related internal and external regulations.
Minimum of 3 years of experience in Risk, Audit, Internal Control, or Regulation departments.
High level of English (C1) desirable.
Proficiency in the Office suite and collaborative tools.
Knowledge of programming: Python, PySpark, etc., and the ADA environment.

And the following skills:

Organized and committed to quality, as inspection results are heavily conditioned by the quality of the documentation submitted.
Accustomed to working in processes that require committee authorization, third-party review, etc.
Social and communication skills given the continuous interaction with other areas of the Bank.

Skills:

Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking, Teamwork

View original advert (Spanish)

Excited to grow your career?

Learn more about the area:

La unidad de Riesgos Minoristas España es la responsable de la admisión de riesgo de crédito y la gestión de la inversión irregular de las carteras minoristas de BBVA España. Dentro de la unidad se creó hace años un equipo específico de Regulación y Gobernanza con objeto de dar respuesta a la creciente regulación, inspecciones de supervisores y necesidades de las distintas capas de control.

¿Cuáles serían tus principales responsabilidades?

● Asumir la función de propietario del Rating System de hipotecas, que implica contarcon una visión end-to-end del proceso de cálculo de capital regulatorio (IRB), desde la generación de inputs hasta la obtención de requerimientos de fondos propios.

● Garantizar la consistencia, trazabilidad y calidad del rating system, incluyendo:

Elaboración de informes de gestión dirigidos a la Alta Dirección.
Mantenimiento y actualización del repositorio documental.
Coordinación y elaboración del test de uso.

● Participar activamente en inspecciones y requerimientos regulatorios (inspecciones del Banco de España, On-Site e Internal Model Inspections del BCE, etc), asegurando una adecuada interlocución y defensa del marco metodológico y operativo.
● Actuar como punto de interlocución con áreas de control (Riesgos Holding, Auditoría Interna, Control Interno), facilitando la alineación y respuesta a requerimientos.
● Colaborar en proyectos regulatorios y de transformación relacionados con procesos de admisión, modelos, capital regulatorio y gobernanza del riesgo de crédito minorista, con especial foco en la Cartera de Consumo dada su creciente presión regulatoria.
● Identificar oportunidades de mejora en los procesos, herramientas y documentación, impulsando iniciativas que refuercen su robustez y eficiencia.

La candidatura que se incorpore tendrá la oportunidad de adquirir un profundo conocimiento de los procesos de gestión de riesgos, modelos de scoring, parámetros y su integración en la gestión, así como interlocución con el Director de Riesgos Minoristas España, departamentos de Riesgos Holding y cuando se precise con el regulador. Asimismo se espera que con este conocimiento sea capaz de aportar nuevos criterios y mejoras que impacten directamente en la gestión de riesgo de crédito minorista.

Organización y dinámica de trabajo

Reunión de equipo semanal donde se abordan temas en curso y permite que todos los miembros del equipo tengan una visión global del trabajo que se realiza en el área.
Miércoles tarde sin reuniones en todo GRM Spain para facilitar el trabajo propio.
Flexibilidad horaria, organiza como estimes el horario siendo lo importante el resultado final.
Teletrabajo 60% presencial, 40% teletrabajo para que puedas conciliar.

Aprendizaje y crecimiento:

¿Nuevo/a en Riesgos España?. On boarding con información y welcome pack donde podrás profundizar en información de cada área.
Amplio plan de formación en el área: skills, riesgos, herramientas, formación externa, talleres...

About the job:

Nos gustaría contar con una persona que reúna los siguientes requerimientos:

Conocimiento del negocio minorista, procesos de admisión y seguimiento, modelos, parámetros de capital regulatorio, económico y de IFRS9 así como de normativa relacionada con estos, tanto interna como externa.
Experiencia mínima de 3 años en departamentos de Riesgos, Auditoría, Control Interno o Regulación.
Nivel alto de inglés (C1) deseable.
Dominio del paquete Office y de las herramientas colaborativas.
Conocimientos en programación: Python, PySpark, etc. y entorno ADA.

Y con las siguientes habilidades:

Ordenada y comprometida con la calidad puesto que los resultados de las inspecciones están muy condicionadas por la calidad de la documentación entregada.
Habituada a trabajar en procesos que requieren autorización de comités, revisión por terceros, etc.
Habilidad social y comunicativa dada la interrelación continua con otras áreas del Banco.

Skills:

Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking, Teamwork