Senior Manager – Export Credit Agency (ECA) Risk

Hybrid in Madrid·Full-time·Added today

BBVA

39 open roles

Apply

What they offer

Full-time hours
Per the ad.
Hybrid
Office and home days — the ad has the split.

What they ask for

Have the right to work in Spain
BBVA doesn't mention sponsorship in the ad.
Work in English
English is required, per the ad.
Be near Madrid for hybrid days
No relocation package mentioned.
Have 8+ years of experience
Senior-level role.

The role

Excited to grow your career?

Learn more about the area:

The Global Transactional Banking Product Risk team is responsible for the underwriting, approval and monitoring of specialised financing products, including Structured Trade Finance, Export Credit Agency and Officially Supported Finance transactions, Securitisation and Asset-Backed Finance solutions.

As part of this team, you will play a key role in supporting the sustainable growth of the business while maintaining strong risk discipline and independent credit judgement across a global portfolio.

We are seeking a Senior Manager to join our specialised Product Risk team within Corporate & Investment Banking. The role will be responsible for the independent underwriting, approval and ongoing monitoring of Export Credit Agency (ECA) and Officially Supported Finance transactions globally.

The successful candidate will act as a senior risk partner to the Export Finance business, providing independent credit assessment, transaction structuring challenge and portfolio oversight across a range of ECA-supported financing solutions. The role requires strong expertise in export finance, sovereign and country risk, political risk assessment and complex cross-border financing structures.

What you'll do

Key Responsibilities

• Independently assess and approve Export Credit Agency (ECA) and Officially Supported Finance transactions, including Buyer's Credit, Untied Loans, Direct Lending and multi-ECA structures.

• Evaluate obligor, sovereign, country and political risks, and determine appropriate risk appetite, ratings and transaction conditions.
• Provide independent challenge on transaction structures, ECA cover, repayment mechanisms, security packages and key documentation.
• Exercise delegated credit authority and prepare recommendations for transactions requiring higher-level approval.
• Monitor the ECA portfolio, identifying emerging risks, concentrations and early warning signals through regular portfolio reviews and stress testing.
• Partner with Origination, Structuring and Coverage teams to support sustainable business growth while maintaining sound risk discipline.
• Contribute to risk policies, underwriting standards and governance frameworks relating to Export Finance and Officially Supported Finance activities.
• Present and defend risk recommendations at credit committees and senior management forums.

Requirements

What we're looking for

Experience & Knowledge Required

• 8+ years of significant experience in Export Credit Agency (ECA) financing and Export Finance.
• Strong understanding of Buyer's Credit, Untied Loans, sovereign risk, country risk and political risk.
• Experience underwriting complex cross-border financing transactions and operating under delegated credit authority.
• Knowledge of OECD export credit frameworks and major ECAs (CESCE, UKEF, SACE, Allianz Trade, Bpifrance, EXIM, JBIC/NEXI, SERV and EKN).
• Strong credit analysis, structuring and documentation review capabilities.
• Experience interacting with senior stakeholders and presenting recommendations to credit committees.

Competencies

• Strong credit judgement and analytical capability.
• Ability to challenge constructively and influence senior stakeholders.
• Excellent communication and presentation skills.
• Strong organisational skills and ability to manage multiple priorities.
• Collaborative approach and ability to work effectively across international teams.
• High standards of integrity, professionalism and risk culture.

Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking

Education & certifications

Qualifications

• University degree in Finance, Economics, Business Administration, Engineering, Law or a related discipline.
• Professional qualifications such as CFA, FRM or equivalent would be advantageous.

Languages

• Fluent English, both written and verbal.
• Spanish language skills are desirable.

About BBVA

BBVA (Banco Bilbao Vizcaya Argentaria) is a multinational Spanish banking group and one of the largest financial institutions in Europe, with a strong presence in retail banking, corporate and investment banking, and fintech innovation. Headquartered in Madrid, BBVA operates across more than 25 countries, serving over 70 million customers, and is recognized for its leadership in digital transformation within the banking sector. The bank is also a major player in sustainable finance, with significant commitments to green bonds and climate-related lending.

In Spain, BBVA is a market leader with its headquarters in Madrid and a vast network of offices and branches across the country. The company is known for its innovative and technology-driven work culture, investing heavily in AI, data science, and advanced analytics. For international professionals, BBVA offers a dynamic environment with opportunities in quantitative finance, data science, and corporate banking, and it actively recruits talent from around the world, particularly in its Madrid hub. The bank's commitment to sustainability and digital innovation makes it an attractive employer for those looking to work in a forward-thinking financial institution.

Industry: Banking and Fintech
Founded: 1857
Employees: 100,000–150,000
Headquarters: Madrid, Spain
In Spain: Madrid, Barcelona
Website: bbva.com

Good to know if you are moving

BBVA is headquartered in Madrid, Spain, and is one of the largest banks in Europe, offering a wide range of career opportunities in finance, technology, and data science.
The company has a strong commitment to digital innovation, with significant investment in AI and data analytics, making it an ideal place for tech and data professionals.
BBVA offers international mobility programs, allowing employees to work across its global network in Europe, Latin America, and the United States.
The bank is a leader in sustainability, with a goal to mobilize 300 billion euros in green financing by 2025, providing opportunities for professionals interested in sustainable finance.
BBVA's work culture emphasizes innovation, diversity, and inclusion, with a focus on employee well-being and professional development.

In their own words

About the company & team

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.

All open roles at BBVA