LBO Senior Risk Manager | London, UK

BBVA; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

BBVA, a global leader in banking, is seeking a Credit Risk Manager for its London office. This role involves overseeing the credit risk underwriting process for structured products, engaging with internal and regulatory stakeholders, and analyzing complex financial profiles. Ideal candidates will have extensive experience in credit risk within commercial banking, particularly in LBOs and leveraged finance, along with strong analytical and interpersonal skills.

Qualifications

• Minimum 10 years of credit risk underwriting experience in corporate banking.
• Strong knowledge of LBOs and leveraged finance.
• Fluent in English (C1) with Spanish as a plus.

Responsibilities

• Manage the credit risk process for structured products including pre-screening and loan monitoring.
• Deliver credit risk proposals based on financial analysis and macroeconomic factors.
• Collaborate with risk control and audit units.

Skills

Customer targeting

Empathy

Ethics

Innovation

Proactive thinking

Job description

Excited to grow your career?

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

Global Risk Management GTB & LBO is a specialized risk management team within the Corporate & Investment Banking (CIB) business unit, responsible for risk underwriting from a product perspective. Based in Madrid and reporting to the CRO of GRM CIB, the team aims to preserve the credit quality of the bank's loan portfolio, integrating ESG factors and ensuring profitable growth.

The team interacts with global markets, lending & advisory, transactional businesses, and trade finance for global corporate clients and institutional investors. It collaborates closely with product origination teams, credit risk underwriting teams across geographies, and other risk, compliance, finance, and legal units.

About the job:

Role overview:

The role involves managing the end-to-end credit risk process for the structured products portfolio, including pre-screening, risk underwriting, loan monitoring, and final repayment. Responsibilities include:

• Delivering credit risk underwriting proposals by analyzing clients' credit and financial profiles, macroeconomic environment, sectoral trends, cash flow projections, covenants, profitability, and ESG aspects.
• Participating in credit and business committees.
• Collaborating with internal risk control, audit, and other relevant units.
• Monitoring and reporting on the product portfolio, including securitization, portfolio financing, borrowing base, and LBOs for large corporates, mid-caps, and SMEs.
• Participating in meetings with regulators and risk-related projects.

What are we looking for?

Requirements:

• Strong product knowledge in LBOs and leveraged finance.
• At least 10 years of credit risk underwriting experience in corporate or commercial banking within a major financial market.
• ESG knowledge.
• Fluent in English (C1 level).
• Spanish language skills are a plus.

Skills:

Customer targeting, empathy, ethics, innovation, proactive thinking.

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