Senior VP, Structured Finance Credit Risk

BBVA; New York (NY); On-site; USD 190,000 - 220,000; Full time

Job summary

BBVA, a leading European bank with significant U.S. operations, is seeking a Senior Vice President to lead underwriting for securitization warehouse facilities and private credit exposures in New York.

You will manage risk across ABS, direct lending, and BDC lending facilities, providing independent credit judgment. The role requires deep hands-on experience, strong analytical skills, and the ability to present recommendations to senior management.

Qualifications

• Bachelor's degree in Finance, Economics, Business, or related field.
• Advanced degree or CFA/FRM preferred.
• 10–12 years of credit underwriting experience within a financial institution, structured finance platform, rating agency or private credit environment.
• Significant hands-on experience underwriting:Securitization Warehouse Facilities ABS asset classes Senior Secured Lending Facilities Revolving Credit Facilities (RCFs) to BDCs Private Credit / Direct Lending portfolios.
• Strong understanding of securitization documentation, borrowing base mechanics, collateral analytics, covenant frameworks, and transaction structuring.

Responsibilities

• Lead underwriting of securitization warehouse facilities across ABS asset classes.
• Underwrite Secured Lending Facilities and Revolving Credit Facilities to BDCs and private credit platforms.
• Assess borrowing base structures, advance rates, eligibility criteria, concentration limits, and structural protections.
• Analyze collateral pools and direct lending portfolios at the asset and portfolio levels.
• Present credit recommendations to senior management and credit committees; support risk framework enhancements.

Skills

Credit underwriting

Securitization

Structured finance

Portfolio risk management

Financial analysis

Communication

Independent judgment

Education

Bachelor's degree in Finance, Economics, Business, or related field

Advanced degree or CFA/FRM preferred

Job description

BBVA, a leading European bank with significant U.S. operations, is seeking a Senior Vice President to lead underwriting for securitization warehouse facilities and private credit exposures in New York.

You will manage risk across ABS, direct lending, and BDC lending facilities, providing independent credit judgment. The role requires deep hands-on experience, strong analytical skills, and the ability to present recommendations to senior management.