Senior Market Risk Lead - Securitized Products (ABS/MBS)

Bbva Sa; New York (NY); On-site; USD 190,000 - 210,000; Full time

Job summary

BBVA in New York seeks a Senior Manager in Market Risk with deep expertise in ABS, MBS, CMBS and related securitized products. You will independently assess market risk, pricing, and valuation dynamics across complex portfolios, and challenge trading assumptions from an independent perspective.

You will interact with Trading, Finance and Model Risk to ensure robust risk measures, scenario analysis and control frameworks for securitized portfolios in a fast-moving market.

Qualifications

• 10+ years of relevant experience in Market Risk, Valuation or related fields.
• Direct experience covering U.S. securitized products (ABS, MBS, CMBS).
• Strong experience with risk measurement, scenario analysis and pricing.

Responsibilities

• Provide independent Market Risk oversight of structured-product portfolios, focusing on ABS, MBS and CMBS.
• Monitor and assess market risk exposures across the portfolio including sensitivities, spread, interest-rate and volatility risk.
• Develop understanding of portfolio positioning and risk concentrations to identify emerging risks.
• Analyze valuation and pricing to ensure market prices and model outputs reflect conditions.
• Challenge Front Office pricing and risk assessments with market data and alternative analyses.
• Understand structural characteristics of securitized products and their risk implications.
• Monitor developments in U.S. ABS, MBS and CMBS markets and macro drivers.
• Evaluate risk under normal and stressed conditions and contribute to stress-testing frameworks.
• Assess adequacy of risk metrics and methodologies for structured products.
• Perform analysis using Numerix/Polypaths and other tools for valuation and risk.

Skills

ABS expertise

MBS

CMBS

Numerix

Polypaths

Market risk

Valuation

Stakeholder engagement

Front Office challenge

Tools

Numerix

Polypaths

Job description

BBVA in New York seeks a Senior Manager in Market Risk with deep expertise in ABS, MBS, CMBS and related securitized products. You will independently assess market risk, pricing, and valuation dynamics across complex portfolios, and challenge trading assumptions from an independent perspective.

You will interact with Trading, Finance and Model Risk to ensure robust risk measures, scenario analysis and control frameworks for securitized portfolios in a fast-moving market.