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.

Wholesale Risk Control Discipline Senior Manager

BBVA

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

Job Description

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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.

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The Portfolio Surveillance and Work Out team is part of the GRM Holding unit, and is the team responsible for the comprehensive management of impaired risks within the wholesale sector. It consolidates the functions of management, analysis, and monitoring of impaired clients of CIB BBVA SA and large risks from other AdNs (those exceeding the delegations per AdN).
Functions will include both the management of PFs and decision-making (according to delegation), as well as Front-office functions (direct negotiation with the client and other banks), linked to specialization in the design, negotiation, and documentation of restructurings and other recovery solutions for operations (e.g., sale of positions), especially in the case of CIB. All of this under the mandate of mitigating impaired risk through active and anticipatory management to prevent further risk deterioration.

Analysis and management of corporate clients and/or structured finance products (Project Finance, LBOs, ECA-covered financing, etc.) for clients classified as Watch List/NPL at a corporate level.
Evaluation of the economic-financial situation of clients and/or projects.
Identification of the main risks of each operation and/or client, in order to seek solutions that maximize recovery for the entity.
Design and execution of Refinancing and/or restructuring operations for the assigned client portfolio. Negotiation of operations and/or waivers with other banks, clients, and legal and financial advisors.
Preparation of proposals and reports to be presented to internal credit committees, as well as contrasting approaches and Financial Programs (including rating calculations).
Development of projections and modeling, among other matters, for the calculation of IFRS9 provisions.
Review of the contractual structure of the different financing instruments in force for each financing and due diligence of various natures related to the client or operation.
Monitoring of portfolio operations, which includes, in addition to the periodic monitoring of the economic-financial evolution of clients, other tasks such as the calculation of ratings, PDs / LGDs for Project Finance.
Monitoring and preparation of presentations containing various metrics associated with the holding impaired portfolio and clean-ups, as well as participation in various risk or business projects linked in some way to the management of impaired risk.

About the job:

Essential requirements:

Higher degree, preferably in Economics, Business Administration, Law, Engineering, or Mathematics; a Master's in Finance or Risk is valued.
10+ years of experience in risk management, credit analysis, or restructurings/refinancing of corporate clients and/or structured finance products (Project Finance, LBOs, etc.). Experience in specialized financial advisors or rating agencies is valued.
Advanced analytical capacity (for the evaluation of financial statements and preparation of financial projections).
Knowledge in the design and execution of debt refinancing and restructuring operations.
Familiarity with the calculation of ratings, PDs / LGDs, and IFRS9 provisioning regulations.
Critical thinking and results orientation.
Communication and negotiation skills.
High level of English (minimum C1).

Desirable requirements:

Solid knowledge of the contractual structure of wholesale financing instruments.
Management capacity in complex banking environments.

Skills:

Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking

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El equipo de Portfolio Surveillance and Work Out team forma parte de la unidad de GRM Holding, siendo el equipo responsable de la gestión integral de los riesgos deteriorados en el ámbito mayorista. Consolida las funciones tanto de gestión, análisis y monitoring de los clientes deteriorados de CIB BBVA SA y los grandes riesgos de otras AdN (aquellos que excedan de las delegaciones por AdN).
Se realizarán tanto funciones de gestión de los PFs y la decisión (según delegación) así como las funciones de Front (negociación directa con el cliente y resto de bancos), vinculadas a la especialización en el diseño, negociación y documentación de reestructuraciones y otras soluciones recuperatorias para las operaciones (p.e. venta de posiciones), especialmente en el caso de CIB. Todo ello bajo el mandato de mitigación del riesgo deteriorado, vía gestión activa y anticipada, para evitar el deterioro de los riesgos.

Análisis y gestión de clientes corporativos y/o productos de financiación estructurada (Project Finance, LBOs, financiación con cobertura ECA, etc) de aquellos clientes clasificados en Watch List/NPL a nivel corporativo.
Evaluación de la situación económica-financiera de los clientes y/o proyectos.
Identificación de los principales riesgos de cada operación y/o clientes, de cara a la búsqueda de soluciones que permitan maximizar el recovery para la entidad.
Diseño y ejecución de las operaciones de Refinanciación y/o reestructuración de la cartera de clientes asignada. Negociación de las operaciones y/o waivers con el resto de bancos, clientes; y asesores legales y financieros.
Preparación de propuestas e informes a presentar en los comités de crédito interno, así como contraste de planteamientos y Programas Financieros (incluye cálculos de rating).
Elaboración de proyecciones y modelización, entre otras cuestiones para el cálculo de provisiones IFRS9.
Revisión de la estructura contractual de los diferentes instrumentos de financiación vigentes en cada financiación y de due diligence de diversas índoles relacionadas con el cliente u operación.
Monitoring de las operaciones en cartera, incluye además del seguimiento de la evolución económico financiera periódica de los clientes, otras labores como el cálculo de ratings, PDs / LGDs de los Project Finance.
Seguimiento y elaboración de presentaciones que contienen diversas métricas asociadas a la cartera deteriorada holding y saneamientos, así como participación en diversos proyectos de riesgos o de negocio, vinculados de algún modo con la gestión del riesgo deteriorado.

About the job:

Requisitos imprescindibles:

Titulación superior preferiblemente en Economía, ADE, Derecho, Ingeniería o Matemáticas; valorable máster en Finanzas o Riesgos.
Experiencia de +10 años en gestión de riesgos, análisis de crédito o reestructuraciones/refinanciaciones de clientes corporativos y/o productos de financiación estructurada (Project Finance, LBOs etc). Valorable experiencia en financial advisors especializados o agencias de rating.
Capacidad de analítica avanzada (para la evaluación de estados financieros y elaboración de proyecciones financieras)
Conocimiento en el diseño y ejecución de operaciones de refinanciación y reestructuración de deuda.
Familiaridad con el cálculo de ratings, PDs / LGDs y normativa de provisiones IFRS9.
Pensamiento crítico y orientación a resultados
Habilidades de comunicación y negociación
Nivel alto de inglés (mínimo C1).

Requisitos deseables: