MARKET RISK MANAGER II

BBVA compass; New York (NY); On-site; USD 100,000 - 130,000; Full time

Job summary

An established industry player is seeking a skilled Market Risk Manager to join their dynamic team in New York. This role involves analyzing risk exposures across a wide range of financial products, ensuring accurate pricing, and producing detailed risk reports. The ideal candidate will possess strong quantitative skills, a solid understanding of market risk measures, and proficiency in programming languages such as SQL and Python. Join a collaborative environment where your analytical expertise will drive strategic decisions and contribute to the company's success in the financial sector.

Qualifications

• 4+ years of experience in risk management or trading roles.
• Advanced knowledge of derivatives markets and pricing methodologies.
• Strong skills in Microsoft Office, especially Excel.

Responsibilities

• Analyze market and credit risk exposures across various products.
• Produce daily, weekly, and monthly risk reports.
• Collaborate on new product requirements for the Market Risk Department.

Skills

Quantitative Analysis

Risk Management

Market Risk Measures

Communication Skills

Analytical Skills

Interpersonal Skills

Education

Bachelor's Degree in Economics, Finance, Mathematics, Statistics, Business, or Engineering

Master's Degree (preferred)

Tools

Microsoft Excel

SQL

Python

VBA

Job description

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 :

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 Manager supporting the Market 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 in areas of Economics, Finance, Mathematics, Statistics, Business, or Engineering (or a similar quantitative discipline), with masters preferred.
• Knowledge of general market risk measures (Value-at-Risk, sensitivities, etc.), and statistics will also be necessary.
• Four years of practical experience in risk management or trading supporting roles is strongly preferred.
• Applicant must have advance 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 (experience programming of VBA is necessary).
• Advanced computer skills, including experience programming in SQL, Python and other programming languages.
• Strong communication, interpersonal and organization skills with an ability to effectively execute tactical plans.

Management Responsibilities

• None

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 $100,000 to $130,000. 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

Legal requirements

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.

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 invite all interested and qualified applicants to apply for employment opportunities. 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 : [emailprotected] 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.