At a Glance
- Tasks: Join the GMRU team to measure and manage market risks for BBVA's Credit Desk.
- Company: BBVA, a global leader in banking with over 160 years of history.
- Benefits: Work-life balance, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with diverse teams across 25 countries.
- Why this job: Make an impact in the financial industry while working with cutting-edge technologies.
- Qualifications: Proficiency in SQL, Python, and strong knowledge of financial markets required.
The predicted salary is between 63000 - 77000 £ per year.
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.
The individual joining the GMRU (Global Market Risk Unit) team in London will become part of the group responsible for measuring Market Risks for the Credit Desk within the BBVA SA Treasury Room.
By understanding and controlling the configuration of measurement tools, the candidate will support the Risk Measurement Process.
This role focuses on calculating metrics for the Global Credit portfolios and the new Credit Solutions activity within the Global Markets Treasury Room for the BBVA SA perimeter.
- Scope of
- Activity: Global
Credit: This activity comprises the following mandates: Credit Market Making Credit Underwriting and Risk Mitigating Hedging Credit Totus Credit Derivatives Market Making SSL-Loans
Credit
Solutions: A newly launched initiative in the SDA (Single Development Agenda) currently in the implementation phase.
About the job
- MIRM: Sensitivities, Va R, SVa R, and map monitoring.
- IRC Calculation (Incremental Risk Charge).
- FRTB SA: SBM, RRAO, and DRC.
- P&L Attribution: Calculate and monitor P&L attributed to GM Credit activity based on sensitivities, with the aim of understanding and replicating the Management Account.
- Backtesting: Perform daily challenges to the current internal model by comparing Va R against Credit activity results.
- Systems & Data: Identify and resolve incidents related to the configuration and integration of Front Office (FO) and Risk systems.
This includes extracting static data, P&L vectors, and sensitivities.
- Development: Create tools to complement system deficiencies or improve process efficiency where necessary.
- Project
Participation: Contribute to CIB SDA projects linked to Credit Solutions or initiatives Technical Tools & Systems: Proficiency in core Business and Risk tools is required for metric calculation and analysis: Front
Office
Systems: Murex 3 and Star.
Risk
Systems: Management and parameterization of Algorithmics and Mentor.
- Communication & Soft
Skills: Business
Partnership: Maintain continuous daily communication with the Business desk, providing necessary metrics as a control function to ensure compliance with defined limits and tolerance levels.
- Teamwork: Demonstrate a strong capacity for collaboration, as GM Credit activity is integrated and consolidated into the daily metrics monitored at BBVA SA.
- Skills: Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking.
Please note that priority will be given to candidates who are eligible to work in the UK.
What are we looking for?
- Programming Skills: Proficiency in SQL, Python, R, etc.
- Financial Markets & Products: Strong knowledge of financial markets and products, as well as financial models for market risk, liquidity, and valuation.
- Excel/Office Suite: Expert-level knowledge of Excel and the Microsoft Office suite.
- Professional Experience: At least one year of experience in a Global Markets area.
- Language Skills: English and Spanish (fluent).
Desirable Attributes
- Data Analysis: Ability to analyze information within databases (SQL, Big Data).
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!
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Market Risk Analyst – GMRU London employer: Bbva Sa
BBVA is an exceptional employer that fosters a dynamic and inclusive work culture, where over 121,000 professionals collaborate across diverse teams in London. As a Market Risk Analyst in the GMRU team, you will benefit from extensive employee growth opportunities, cutting-edge technology, and a commitment to work-life balance, all while contributing to innovative financial solutions that support sustainable development. Join us to be part of a pioneering organisation that values your contributions and encourages you to shape the future of banking.
