Market Risk Associate

BBVA; New York (NY); On-site; USD 105,000 - 125,000; Full time

Benefits offered by this job

Generous employee benefits package

Discretionary bonus

Job summary

A major financial institution is seeking a Market Risk Associate in New York to analyze market and credit risk exposures and generate comprehensive reports. Candidates should possess a Bachelor's degree and understanding of derivatives markets, as well as experience using analytical tools like Excel and SQL. The role involves daily reporting, model validation, and working on new projects across departments. The expected salary range is $105,000 to $125,000 plus a generous benefits package and discretionary bonus.

Qualifications

• Knowledge of market risk measures (Value-at-Risk, sensitivities) is necessary.
• Familiar with derivatives markets (interest rates, FX) and pricing methodologies.
• Ability to use Microsoft Office tools, especially in Excel with VBA.

Responsibilities

• Analyze positions for market and credit risk exposure.
• Monitor pricing of positions and ensure quality and consistency.
• Generate Daily VaR and credit exposure reports.

Skills

Analytical skills

Communication skills

Interpersonal skills

Organizational skills

Quantitative skills

Education

Bachelor’s degree

Master’s degree (preferred)

Tools

Microsoft Excel

SQL

C#

Python

Job description

The Risk Department monitors exposure of BBVA NY and BBVA Securities to market and counterparty credit risk. Perform detailed analysis of risk profile of the assigned entity. On a daily basis, compute positions, risk sensitivities, Value-At-Risk (VaR) and other applicable risk metrics. Produce and present periodic and ad-hoc risk and valuation reports; run and maintain risk systems; reconcile positions; interface with trading teams, internal and external auditors and regulators; participate in the model validation process, assist with implementation of new projects.

The Market Risk Associate supporting the Risk team is responsible for providing the analytical and reporting needs of the Risk Management team including but not limited to Daily VaR reports, daily credit exposure reports, Economic Capital, Stress Testing, Back testing,

Primary Duties and Responsibilities

• Analyze positions and portfolios of BBVA with respect to market and credit risk exposures across broad range of products, which may include interest rate, foreign exchange, fixed income, equity, volatility, commodity and their derivatives.
• Ensure correct end of the day pricing of positions through continuous monitoring of quality, timeliness, and consistency of market inputs.
• Assisting in the implementation of new developments in the risk system.
• Daily, weekly, and monthly reporting for both internal and external purposes.
• Actively participate in the New Products requirements for the Market Risk Department.
• Assisting in the model validation process
• Collaborate in the model documentation process for the risk system.
• Work in ad-hoc projects with different departments within the bank

General Qualifications and Experience

• Bachelor’s degree, with masters preferred.
• Knowledge of general market risk measures (Value-at-Risk, sensitivities, etc.), and statistics will also be necessary.
• Applicant must have knowledge of derivatives markets (interest rates, FX) and various pricing methodologies, including trading and market characteristics, pricing, market liquidity and volatility.
• Demonstrated quantitative and analytical skills.
• Proven ability using Microsoft Office tools for reporting and analyzing data especially in Excel (knowledge of VBA is necessary).
• SQL, C#, Python and other programming languages .
• Strong communication, interpersonal and organization skills with an ability to effectively execute tactical plans.

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