FIG Insurance Coverage Vice President

BBVA RED EXTERIOR DE OFICINAS; United States; On-site; USD 190,000 - 240,000; Full time

Job summary

BBVA RED EXTERIOR DE OFICINAS in New York seeks a Vice President for its Insurance Coverage team to lead client-facing origination and execution with US-domiciled insurers, coordinating with Global Markets, Global Transaction Banking, and Global Investment Banking.

The role requires 6–9 years in investment banking or capital markets with insurance exposure, plus strong knowledge of balance sheets, regulatory frameworks, and reinsurance structures.

Qualifications

• 6–9 years of experience in investment banking, corporate banking, or capital markets with direct insurance sector or FIG coverage exposure.
• Strong working knowledge of insurance company balance sheets, including statutory and GAAP/IFRS accounting, RBC and other capital frameworks, and reinsurance structures.
• Familiarity with the regulatory landscape governing US and Bermuda insurers (NAIC, BMA); exposure to PRA and Solvency II a plus.
• Demonstrated execution experience across debt capital markets, structured financing, or derivatives for financial institutions clients.
• Excellent written and verbal communication; able to produce senior-ready materials with minimal oversight.

Responsibilities

• MD-level coverage of insurance clients, including preparation of pre-meeting intelligence briefs, account plans, wallet analyses, and relationship reviews.
• Develop and maintain relationships with client counterparts at the VP/Director level (treasury, capital management, investments, corporate development)
• Identify cross-sell opportunities across financing, hedging, transaction banking, and advisory, and coordinate delivery with product partners in New York, Madrid, and London
• Produce high-quality client materials: pitch books, market updates, capital structure and peer benchmarking analyses, regulatory impact assessments
• Monitor sector developments and translate them into actionable client dialogue
• Mentor and direct the work of associates and analysts

Skills

Investment banking

Communication skills

Project management

Financial analysis

Spanish language

Education

Bachelor's degree

FINRA Series 79 & 63

FINRA SIE

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.

About the job

About the Role BBVA's Corporate & Investment Banking division is seeking a Vice President to join its Insurance Coverage team in New York. The VP will support the origination and execution of strategic dialogue and transactions with insurance sector clients — life, annuity, P&C, reinsurance, and insurance-linked asset managers — across Global Markets, Global Transaction Banking, and Global Investment Banking product sets. This is a client-facing role with significant senior exposure. The successful candidate will operate as the connective tissue between coverage and product partners, driving account planning, deal execution, and content creation for a portfolio of US-domiciled insurers with global operations.

Key Responsibilities

Client Coverage & Origination Support

• MD-level coverage of insurance clients, including preparation of pre-meeting intelligence briefs, account plans, wallet analyses, and relationship reviews
• Develop and maintain relationships with client counterparts at the VP/Director level (treasury, capital management, investments, corporate development)
• Identify cross-sell opportunities across financing, hedging, transaction banking, and advisory, and coordinate delivery with product partners in New York, Madrid, and London

Transaction Execution

• Execute across the full insurance capital markets toolkit: hybrid and subordinated debt, surplus notes, FABN/FABS and other funding agreement-backed programs, credit facilities, letters of credit and reinsurance collateral solutions, and derivative overlays
• Support M&A, block reinsurance, and sidecar/flow reinsurance dialogue, including preparation of strategic materials and coordination with advisory teams
• Manage internal processes end-to-end: credit approvals, KYC/onboarding, capital committee memos, and legal documentation coordination

Content & Analysis

• Produce high-quality client materials: pitch books, market updates, capital structure and peer benchmarking analyses, regulatory impact assessments
• Monitor sector developments — rating agency actions, NAIC/BMA/PRA/EIOPA regulatory changes, reinsurance renewal conditions, and transaction activity — and translate them into actionable client dialogue
• Mentor and direct the work of associates and analysts

Qualifications

• Required 6-9 years of experience in investment banking, corporate banking, or capital markets with direct insurance sector or FIG coverage exposure
• Strong working knowledge of insurance company balance sheets, including statutory and GAAP/IFRS accounting, RBC and other capital frameworks, and reinsurance structures
• Familiarity with the regulatory landscape governing US and Bermuda insurers (NAIC, BMA); exposure to PRA and Solvency II a plus
• Demonstrated execution experience across debt capital markets, structured financing, or derivatives for financial institutions clients
• Excellent written and verbal communication; able to produce senior-ready materials with minimal oversight
• Bachelor's degree required; FINRA Series 79 and 63 (or ability to obtain within a defined period)
• FINRA SIE, Series 79, Series 63 required (or willing to obtain in 3 months of hire)
• Preferred Experience covering or executing for PE-backed insurers, Bermuda reinsurers, or insurance asset managers
• Knowledge of funding agreement-backed issuance programs, FHLB borrowing, and insurer secured funding structures
• Spanish language skills a plus, given coordination with Madrid-based product and risk partners

With respect to this position in our New York Office, the expected base salary ranges from $190,000 to $240,000. 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.

Pay Transparency Policy Statement

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).Individuals with Disabilities BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing: [e-mail] or by calling toll‑free (in the U.S.) 1‑844‑664‑9275. Please indicate the specific type of assistance needed*. *The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non‑disability related or technical issues, will not receive a response.

EEO Statement

BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities. View the "EEO is the Law" & "View the EEO is the Law Supplement Poster" poster. BBVA USA, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.

We are more than 121,000 colleagues across 25 countries, working in multidisciplinary teams where we understand the importance of work-life balance. We support our clients in the energy transition and are committed to inclusive growth. We are pioneers in adopting disruptive technologies that will shape the financial industry. Dare to define the future of banking!