Counterparty Credit Risk- FIG Insurance Senior Vice President

JOB DESCRIPTION:

Looking for a Mid-Level to Senior Counterparty Credit Risk Analyst for the Financial Institutions Group in NY with a specialization in Insurance Companies, and can also include Non-Bank Financial Institutions, Broker-Dealers, Investment Managers, Fund Families, Hedge and Mutual Funds, Financial Sponsors and others as a plus.

High Level Responsibilities:

• Financial Institutions credit analysis for U.S. Insurance Companies including Holding Companies, Operating Companies, SPV’s and entire organizations.
• Should have understanding of all specialty lending and structures from SPV’s including FABLs, FABNs, and SideCar facilities.
• Counterparty Risk and Settlement monitoring for trading via NY Branch (Bank) and BSI (U.S. Broker-Dealer)
• Coordination of approvals for Global Trade Finance (SBLC, SLC) bookings in NY
• Counterparty Credit Limit approvals for Onboarding of Counterparties in NY
• Knowledge of ISDA / CSA / CDEA / GMRA documentation, negotiations and monitoring for Financial Institutions
• Understanding of products that include Fixed Income, Foreign Exchange, DVP trading, Repo trading, Structured Finance, SBLC and Capital Call Facilities
• Provide timely and accurate reports when needed to follow-up on monitoring and results for trading activity and limit requests
• Ability to maintain credit files and folders to make sure everything is accurate to field internal audits and credit quality control
• Ability to handle oneself in potentially high stress environment with occasion crunch time deadlines

Responsibilities:

• Monitors the risk quality and credit process as established in the monitoring & follow up policy.
• Provides data to prepare reports with trends and ratios of risk metrics.
• Analyze quality risk indicators (trends, variations, problems) to minimize losses (less complex analysis).
• Provide timely and accurate reports to the Monitoring & Follow up Committee, Board, Spain, etc to allow them to make decisions regarding credit quality and ratings.

Education/Experience

• Bachelor's Degree in Finance, Economics or related field with at least seven years (5-7) of Finance, Credit Risk, or Underwriting, Loan Review experience. Work experience may substitute for education requirements.

Licenses/Certifications/Registrations

• Required: None Required
• Preferred: None preferred, although Series 7, 24, 63 (or similar additional knowledge a bonus to have), and licenses can be maintained.

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.

With respect to this position in our New York Office, the expected base salary ranges from $160,000 to $220,000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

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