Global Markets Risk Projects - Senior Manager

BBVA; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

BBVA in London seeks a senior risk project leader to drive critical initiatives within Global Markets Risk Unit. You will act as the primary risk contact, define scope, allocate resources, and coordinate cross-functional teams across valuation, market risk, and counterparty risk domains.

You will leverage 8+ years in finance, with FRTB exposure and strong stakeholder engagement. Fluent communication across risk, technology, and front-office will be essential.

Qualifications

• 8+ years in financial or banking sector.
• Knowledge of valuation, sensitivities, market risk, counterparty risk, AVAs and XVAs.
• Experience with FRTB regulation implementation.
• Minimum 5 years in project management, preferably in finance/banking.

Responsibilities

• Act as the primary risk contact in conception, planning, design, execution and implementation of projects.
• Define project scope and governance to ensure success and approvals.
• Identify impacts across risk dimensions including valuation, market and counterparty risk, AVAs and XVAs.
• Ensure appropriate staffing for projects in coordination with managers.
• Lead analyses and drive project plans, dependencies and timelines.
• Participate in project monitoring and escalation to governance bodies.
• Coordinate internally with risk teams to define requirements and validation strategies.
• Engage with other teams and areas to meet requirements and milestones.

Skills

Quant models analysis

Trading platforms

Stakeholder negotiation

Autonomous working

Team leadership

Time management

Problem solving

Education

Engineering/Math/Business background

Master's FRM/CFA valued

Tools

Trading platforms

Financial risk systems

Job description

Excited to grow your career?

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.

The Global Markets Risk Unit (GMRU) is responsible for the measurement and monitoring of risk regarding Global Markets activities. The Risk Solutions team manages all the risk cycle comprising the design, execution and implementation of several risk-related projects, including valuation, market risk, counterparty risk, AVAs and XVAs, among others. The team also focuses on the implementation, development, and enhancement of corporate tools within the Global Markets environment, collaborating on projects started by either GMRU or other areas

About the job:

Key Tasks and Responsibilities:

• Act as the primary risk contact in the conception, planning, design, execution, and implementation of projects.
• Define project scope from the outset, establishing the most suitable governance structure to ensure its success and securing the necessary approvals.
• Understand the project scope and identify impacts across various risk dimensions, including valuation, market risk, counterparty risk, AVAs and XVAs, among others.
• Ensure appropriate staffing for the project in coordination with relevant managers responsible for allocating resources.
• Take responsibility for specific project-related actions and analyses when required.
• Develop and maintain the project plan , manage unexpected events, dependencies, and define the critical path until completion.
• Actively participate in project monitoring and execution committees, internally escalating relevant issues to discipline and/or process representatives.
• Coordinate internally with risk teams to define requirements for the new solution, develop validation strategies, identify stakeholders and required validations, and estimate necessary resources and timelines.
• Engage with other teams and areas , both locally and at Holding level, to ensure the accomplishment of established requirements.

Required Profile:

• Studies in Engineering, Mathematics, Business Administration, or related.
• Master's Degree and/or FRM/CFA certifications highly valued.

Experience:

• At least 8 years of professional experience in the financial or banking sector.
• Knowledge and experience in various financial risk domains: valuation, sensitivities, market risk, counterparty risk, AVAs, XVAs.
• Knowledge and/or experience in implementation of the Fundamental Review of the Trading Book (FRTB) regulation.
• Minimum 5 five years of experience in project management, preferably in finance or banking.

Skills:

• Ability to analyze and understand quantitative models and valuation tools.
• Sound technical knowledge of capital market products and acquaintance with financial risk systems and trading platforms.
• Excellent verbal and written communication skills in both Spanish and English. Spanish proficiency is not a must but a medium/high level acts as a plus to perform effectively in the role.
• Ability to interact and negotiate with various stakeholders, including front-office teams, risk management, technology, and support functions.
• Ability to work autonomously and proactively in a dynamic, constantly changing environment.
• Strong ability to lead multidisciplinary teams and coordinate efforts across different areas.

Competencies:

• Strong organizational and time management skills.
• Problem-solving and critical-thinking abilities.
• Results oriented, capable of managing multiple priorities and tight deadlines.
• Flexibility and adaptability to manage projects with changing requirements.

Other Skills:

• Motivated to achieve ambitious organizational goals, maintaining strategic priorities to overcome challenges and obstacles.
• Initiative to complete tasks and produce results effectively and efficiently.
• Adaptability: effective performance in stressful environments under uncertainty, difficulty, and shifting priorities.
• High capability to execute under tight deadlines and respond effectively to evolving requirements.
• Innovation: ability to challenge established thinking by generating new ideas and maintaining an open-minded approach.
• Communication: ability to build smooth relationships with clients and suppliers, actively listen, and establish a network that facilitates tasks. Understanding user needs and integrating them with current and future technological platforms is critical.
• Strong analytical and problem-solving skills, capable of high-level analysis and proposing new solutions to challenges.
• Teamwork: ability to collaborate effectively, not only by seeking help and working as a team but also by sharing knowledge to ensure information flows inside the team.

Please note that priority will be given to candidates who are eligible to work in the UK.

Skills:

Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking