Market Risk Associate

Position overview

The Market Risk Department is responsible for the independent oversight, measurement, monitoring, and reporting of market and counterparty credit risk exposures across BBVA New York Branch and affiliated entities.

The Market Risk Associate will support the daily assessment of market risk exposures across a broad range of financial products and asset classes. The role requires strong quantitative and analytical skills, knowledge of financial markets and risk management methodologies, and the ability to work effectively with Front Office, Product Control, Finance, Technology, Audit, and Regulatory stakeholders.

The successful candidate will contribute to the production and enhancement of risk metrics, market risk reporting, stress testing, valuation controls, market data governance, valuation controls, model validation activities, and automation initiatives supporting the Market Risk function.

Primary Duties and Responsibilities

• Monitor and analyze market and counterparty credit risk exposures across trading and banking portfolios.
• Produce and enhance risk analytics and reporting, including VaR, stress testing, sensitivities, capital measures, and exposure monitoring.
• Ensure the quality and integrity of market data inputs and valuation processes used for risk measurement and mark-to-market (MTM) calculations.
• Develop and maintain risk analytics, reporting tools, and process automation solutions using Python, VBA, and related technologies.
• Support model governance, new product reviews, regulatory initiatives, and strategic projects within the Market Risk function.

General Qualifications and Experience

• Bachelor's and Master's degrees in a quantitative discipline are required. Strong quantitative and analytical skills, including experience with risk analytics, statistical methods, and financial modeling, are essential
• 3 years of experience in Market Risk, Product Control, Valuation Control, Treasury Risk, or related risk management functions within a financial institution.
• Knowledge of market risk methodologies (VaR, stress testing, sensitivities, backtesting) and financial products (Rates, FX, Fixed Income, and Derivatives).
• Experience working with market data, pricing methodologies, valuation controls, and risk factor management, including interest rate curves, FX rates, credit spreads, and volatility surfaces.
• Strong Python and VBA programming skills required; SQL knowledge preferred.
• Strong analytical, communication, and stakeholder management skills.

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 $105,000 to $125,000. 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