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For Companies At a Glance
- Tasks: Analyse market risks and enhance financial models daily.
- Company: Join BBVA, a global leader with 160 years of experience serving 80 million customers.
- Benefits: Enjoy flexible work options and a vibrant corporate culture.
- Why this job: Be part of a diverse team making impactful decisions in finance.
- Qualifications: Must have programming skills and financial market knowledge; one year of experience required.
- Other info: Opportunity to work with advanced tools like Murex and Algorithmics.
The predicted salary is between 36000 - 60000 £ 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.
About the job:
- Daily challenge to the current internal model via Back Testing, comparing VaR with results from Credit activity.
- Addressing and resolving incidents due to the configuration and integration of FO and Risk systems, extracting fixed data, P&L vectors, sensitivities, etc.
- Developing tools to complement deficiencies in systems or improve efficiency if necessary.
- Participation in CIB SDA projects related to Credit Solutions or initiatives such as Global Credit FI ETFs.
- Utilising basic Business and Risk Tools for understanding/calculating metrics.
- Working with FO systems including Murex 3 and Star, as well as managing and parameterising Risk systems like Algorithmics and Mentor.
- Continuous daily communication with Business providing necessary metrics as a contrast area to ensure compliance with defined commitments in terms of limits or tolerance levels.
- Metrics to calculate: MIRM: Sensitivities, VaR, SVaR, monitoring maps with details of alert level consumption established with FO. Calculation of IRC. FRTB SA: SBM, RRAO, DRC. Monitoring P&L attributed to Credit activity based on sensitivities to understand and aim to replicate the Management account.
Essential Qualifications:
- Knowledge of Programming (SQL, Python, R, etc).
- Knowledge of Financial Markets and Products, as well as financial risk models for market, liquidity, and valuation.
- Expert level knowledge in Excel (or Office package).
- At least one year of experience in the Markets area.
- English level B2.
Desirable:
- Ability to analyse information in databases (SQL, Big Data).
- English level C1.
Skills: Customer Targeting, Empathy, Ethics, Innovation, Proactive Thinking.
MARKET RISK ANALYST employer: BBVA
Contact Detail:
BBVA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land MARKET RISK ANALYST
✨Tip Number 1
Familiarise yourself with the specific tools mentioned in the job description, such as Murex 3 and Algorithmics. Having hands-on experience or even a solid understanding of these systems can set you apart during interviews.
✨Tip Number 2
Brush up on your programming skills, especially in SQL, Python, and R. Consider working on small projects or exercises that demonstrate your ability to manipulate data and perform risk calculations, as this will be crucial for the role.
✨Tip Number 3
Stay updated on current market trends and financial products. Being able to discuss recent developments in the financial sector during your interview will show your enthusiasm and knowledge about the industry.
✨Tip Number 4
Practice explaining complex financial concepts in simple terms. Since communication with business teams is a key part of the role, being able to convey technical information clearly will be a valuable asset.
We think you need these skills to ace MARKET RISK ANALYST
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and qualifications required for the Market Risk Analyst position at BBVA. Familiarise yourself with key terms like VaR, P&L, and the tools mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job requirements. Emphasise your programming knowledge (SQL, Python, R), financial market understanding, and any experience with risk models or tools like Murex and Algorithmics.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific projects or experiences that demonstrate your ability to handle the tasks outlined in the job description, such as back testing and data extraction.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a role in risk analysis.
How to prepare for a job interview at BBVA
✨Brush Up on Financial Knowledge
Make sure you have a solid understanding of financial markets, products, and risk models. Be prepared to discuss concepts like VaR, SVaR, and P&L calculations, as these will likely come up during the interview.
✨Showcase Your Technical Skills
Since programming knowledge is essential for this role, be ready to demonstrate your proficiency in SQL, Python, or R. You might be asked to solve a problem or explain how you've used these skills in past experiences.
✨Prepare for Scenario-Based Questions
Expect questions that assess your analytical thinking and problem-solving abilities. Prepare examples from your previous experience where you successfully identified and resolved issues related to market risk or data analysis.
✨Communicate Effectively
As communication with business teams is crucial, practice articulating complex financial concepts in a clear and concise manner. This will demonstrate your ability to collaborate effectively across departments.
