MARKET RISK ASSOCIATE I

About the job

BBVA is a global company with more than 160 years of history, operating in more than 25 countries and serving more than 80 million customers. We employ over 121,000 professionals in multidisciplinary teams including financiers, legal experts, data scientists, developers, engineers, and designers.

General Summary

The Risk Department monitors exposure of BBVA NY and BBVA Securities to market and counterparty credit risk. This role performs detailed analysis of the risk profile of the assigned entity, computes positions, risk sensitivities, Value-At-Risk (VaR), and other applicable risk metrics on a daily basis. The position produces and presents periodic and ad-hoc risk and valuation reports, runs and maintains risk systems, reconciles positions, interfaces with trading teams, internal and external auditors, and regulators; participates in the model validation process and assists with the implementation of new projects.

The Market Risk Associate supports the Risk team by providing analytical and reporting capabilities, including Daily VaR reports, daily credit exposure reports, Economic Capital, Stress Testing, and Back testing.

Primary Duties and Responsibilities

• Analyze positions and BBVA portfolios with respect to market and credit risk exposures across a broad range of products, including interest rate, foreign exchange, fixed income, equity, volatility, commodity, and their derivatives.
• Ensure accurate end-of-day pricing of positions by continually monitoring the quality, timeliness, and consistency of market inputs.
• Assist in the implementation of new developments in the risk system.
• Prepare daily, weekly, and monthly internal and external reports.
• Actively participate in New Products requirements for the Market Risk Department.
• Assist in the model validation process.
• Collaborate in the model documentation process for the risk system.
• Contribute to ad-hoc projects with various departments within the bank.

General Qualifications and Experience

• Bachelor’s degree; master’s degree preferred.
• Knowledge of general market risk measures (Value-at-Risk, sensitivities, etc.) and statistics.
• Knowledge of derivatives markets (interest rates, FX) and pricing methodologies, including trading and market characteristics, pricing, liquidity, and volatility.
• Demonstrated quantitative and analytical skills.
• Proficiency with Microsoft Office for reporting and data analysis, especially Excel (VBA knowledge is necessary).
• SQL, C#, Python, and other programming languages.
• Strong communication, interpersonal, and organizational skills with the ability to execute tactical plans.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Compensation & Benefits

For this position in our New York Office, the expected base salary ranges from $105,000 to $125,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and certifications, as well as market and organizational factors. In addition to salary, a generous benefits package and discretionary bonus may be offered.

*Employment eligibility to work with BBVA in the U.S. is required; BBVA will not pursue visa sponsorship for these positions.

Legal & Equity Information

It is not typical for offers to be made at the top of the range. Salary offers are based on a wide range of factors including skills, training, experience, education, and certifications, with consideration of market and organizational factors. The company provides a discretionary bonus opportunity along with a comprehensive employee benefits package.

Pay Transparency & Accessibility

The contractor will not discriminate against employees or applicants who inquire about, discuss, or disclose compensation information. However, employees with access to compensation information must protect it unless disclosure is required by law or authorized by the employer.

Disabilities & Accommodation

BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch invite all qualified applicants to apply. If you are a U.S.-based job seeker with a disability and need accessibility assistance, please contact disabilityaccessjobs.us@bbva.com or call toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed.

*The disability access line and email are reserved for applicants requesting accessibility assistance or an accommodation. Messages for other purposes will not receive a response.

EEO Statement

BBVA USA, BBVA Securities Inc., and BBVA NYare an equal opportunity employer. We prohibit discrimination on the basis of age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status protected by law. This policy applies to all job actions and activities, including recruitment, hiring, promotion, transfer, discipline, termination, benefits, compensation, and training.

View the EEO poster and EEO Supplement poster for more information: EEO is the Law and EEO is the Law Supplement Poster.