Wholesale Risk Control Discipline Senior Manager

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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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GRM Country Risk, Public Sector, Securitizations and Issuer is one of the risk units that manages the most exposure directly or indirectly within the Group (+200 bn eur), being responsible for the consolidated management of strategies, limits, monitoring and reporting of cross-border country risk and the Group's bond portfolios, which are one of its main consolidated balance sheet assets.

This position will be responsible for supporting the oversight, maintenance and continuous evolution of the Group's Global Securitization Framework.

Working closely with the Global Framework manager, you will contribute to the improvement and implementation of the securitization governance framework, reviewing the evolution of the activity, risk limits and metrics, analyzing the impact of regulatory changes, coordinating cross-functional initiatives and providing technical support to the various governance bodies.

The position requires a combination of experience in securitizations, regulatory and capital knowledge, financial markets vision and the ability to coordinate projects and stakeholders from different areas of the Group.

Main responsibilities

- Management and evolution of the Global Securitization Framework

• Participate in the continuous maintenance and evolution of the Global Securitization Framework.
• Analyze the impact of regulatory, prudential, accounting and market changes on securitization activity.
• Prepare proposals for updating procedures, management criteria and monitoring metrics.

- Portfolio Control

• Monitor the global securitization portfolio from a risk oversight perspective.
• Monitor compliance with the limits, metrics and KRIs established in the Global Framework.
• Analyze the evolution of the portfolio, identifying trends, concentrations and emerging risks.
• Coordinate, together with the involved areas, the monitoring of transactions under stress, restructuring or workout, assessing their impact on the Group's risk profile.
• Prepare periodic reports for Senior Management and the various governance committees.
• Coordinate the follow-up of action plans derived from deviations or detected incidents.

- Governance and cross-functional coordination

• Provide support to the entire set of governance bodies related to securitization activity.
• Coordinate the implementation and consistency of the Global Framework with the specific governance of the different areas and geographies of the Group where securitization activity is being developed (GRM, Risk CIB or any other geography, Finance, Capital, Regulation, Audit and the rest of the areas involved).
• Act as a coordination point for securitization-related initiatives at Group level.

- Data, reporting and automation

• Maintain and evolve existing developments for monitoring the securitization portfolio.
• Design dashboards, indicators, monitoring metrics, and deepen the analysis of underlying portfolios.
• Ensure the quality, consistency and traceability of the information used in monitoring the Global Framework.

We are looking for a person with solid experience in securitizations and structured finance, capable of combining technical knowledge with a cross-functional vision of the business and risk, and with the ability to design/implement governance that ensures compliance with current securitization regulations is consistent with the Group's internal policies.

The ideal candidate should have participated in securitization transactions from different perspectives - structuring, risk analysis, investment or portfolio management - and understand both the economic logic of the transactions and their regulatory, accounting and capital treatment.

The person will be able to operate in international environments, coordinate multiple stakeholders and actively contribute to the evolution of the Global Securitization Framework by identifying improvements, adapting to new regulatory requirements and developing
monitoring and reporting tools.

• Solid knowledge of the securitization and structured finance market, including traditional and synthetic transactions originated by financial institutions and private credit market participants, across different underlying asset classes (ABS, RMBS, CMBS, CLO, among others), as well as portfolio financing structures such as Warehouse Facilities and Loan Portfolio Financing (LPF).
• Knowledge of fixed income markets and the management and analysis of structured bond portfolios.
• Solid knowledge of regulations applicable to securitizations, accounting (IFRS 9) and regulatory capital consumption, both for financing transactions and investment positions.
• Experience in regulatory processes associated with Significant Risk Transfer (SRT) and in monitoring transactions throughout their entire life cycle.
• Knowledge of Python and data analysis tools for automating reporting and portfolio monitoring.

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