Senior Credit Risk Strategy & Portfolio Management

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 Risk Appetite Framework (RAF) area, integrated within Strategy & Portfolio Management in Global Risk Management at BBVA Group, plays a key role in defining, developing, and governing the entity's risk strategy, with a special focus on the strategic management of credit risk for banking finance portfolios (lending), both wholesale and retail.

Its activity focuses on guiding the composition and evolution of the Group's credit exposures, seeking an appropriate balance between growth, risk, profitability, and capital consumption, in line with the entity's strategic objectives and risk appetite.

Its main areas of action include:

• Definition of the target risk profile: It establishes and calibrates the risk and credit exposure levels that the Group is willing to assume to achieve its strategic objectives, ensuring consistency with the risk appetite framework.
• Asset Allocation and credit portfolio strategy: It develops methodologies and analyses to guide the distribution of credit exposures among businesses, segments, sectors, and geographies, combining Top-Down and Bottom-Up approaches and considering criteria of risk, profitability, and capital efficiency.
• Governance and limit control: It coordinates the definition, calibration, and monitoring of Management Limits and credit concentration metrics, identifying deviations and promoting management measures that ensure alignment with the risk strategy.
• Credit portfolio optimization: It drives the development of methodologies and tools that allow for the improvement of the composition of financing portfolios, identifying opportunities for diversification, growth, and optimization of the risk-return relationship.
• Ensuring global consistency: It guarantees a consistent application of the risk strategy across different business areas and geographies, integrating risk, capital, profitability, and regulatory perspectives.

• Asset Allocation and credit planning: Actively participate in the Asset Allocation exercises for the bank's credit portfolios, collaborating in the definition of Top-Down and Bottom-Up strategies to guide the distribution of exposures and credit growth among businesses, segments, sectors, and geographies.
• Credit portfolio optimization: Develop and evolve methodologies for the analysis and optimization of financing portfolios, evaluating alternatives for positioning, diversification, and growth from an integrated perspective of risk, profitability, and capital consumption.
• Management Limits (ML) management: Participate in the definition, calibration, and monitoring of credit exposure limits, ensuring their consistency with the Group's risk appetite, identifying deviations, and proposing courses of action.
• Credit concentration control: Analyze and monitor concentration levels by counterparty, sector, and geography, including the monitoring of ICI, ICS, and ICG indices, to identify vulnerabilities, anticipate risks, and evaluate diversification opportunities.
• Analysis of risk, capital, and profitability metrics: Evaluate the evolution and composition of credit portfolios through exposure, credit risk, capital, and risk-adjusted profitability metrics, including PD, LGD, EAD, RWA, CER, RAROEC, and RORC, identifying trends and relevant factors for decision-making.
• Methodological and analytical development: Design, review, and evolve methodologies, models, and quantitative tools that allow for the improvement of the analysis, planning, and strategic management of credit exposures, combining technical rigor and practical applicability.
• Governance and reporting: Prepare analyses, reports, and proposals for presentation to the Portfolio Management Committee (PMC) and other decision-making bodies, facilitating a clear view of portfolio evolution, its main risks, and management alternatives.
• Strategic and regulatory analysis: Evaluate the impact of regulatory changes, new financing activities, and emerging risks, including ESG and climate transition aspects, on the composition of credit portfolios, capital consumption, and risk strategy.
• Transformation and innovation: Identify and drive automation, advanced analytics, and artificial intelligence initiatives aimed at improving the efficiency, quality, and scalability of credit portfolio management processes, methodologies, and tools.
• Cross-functional coordination: Collaborate with Risk, Finance, Business teams, and different geographies, promoting integrated solutions and ensuring alignment between portfolio management decisions and the Group's strategic objectives.

• Solid knowledge of the main credit risk metrics and parameters (PD, LGD, EAD), regulatory and economic capital, RWA, and risk-adjusted profitability.
• Experience in credit portfolio analysis, Asset Allocation applied to lending, limit management, concentrations, and optimization methodologies.
• Advanced understanding of the banking regulatory framework (Basel III, CRR/CRD, IFRS 9, and IRB models) and its implications for the management of risks, capital, and financing portfolios.
• Ability to develop complex quantitative analyses and work with large volumes of data using tools such as Python, SQL, SAS, or PySpark.
• Familiarity with cloud environments, process automation, and the development of analytical tools.

• Analytical and quantitative capacity: Rigor in approaching complex problems, structuring analyses, evaluating alternatives, and extracting relevant conclusions for management.
• Strategic and financial vision: Ability to connect credit risk decisions with the growth, profitability, capital, and positioning objectives of the Group's portfolios.
• Autonomy and execution capability: Proactivity to identify needs, drive initiatives, and develop solutions from their conception to their implementation.
• Critical thinking: Ability to question existing approaches, contrast hypotheses, and propose well-founded methodological improvements.
• Communication and influence: Ease in transforming complex technical information into clear, structured messages oriented toward decision-making, including interaction with management teams.
• Cross-functional collaboration: Ability to work with multidisciplinary teams, coordinate different stakeholders, and generate consensus.
• Innovation and continuous improvement: Mindset oriented toward efficiency, automation, scalability, and the evolution of methodologies and tools.
• Results orientation: High level of demand, reliability, attention to detail, and ability to prioritize and manage initiatives of varying complexity.

Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking