At a Glance
- Tasks: Monitor and calculate market risks for the Credit Desk, ensuring compliance and efficiency.
- Company: Join BBVA SA's innovative Global Market Risk Unit in London.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative team culture with opportunities for growth and project participation.
- Why this job: Make an impact in financial markets while developing your analytical and programming skills.
- Qualifications: Proficiency in SQL, Python, and strong knowledge of financial markets required.
The predicted salary is between 36000 - 60000 £ per year.
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.
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 and SSL-Loans.
- Credit Solutions: A newly launched initiative in the SDA (Single Development Agenda) currently in the implementation phase.
Key Responsibilities & Metrics
- The successful candidate will be responsible for monitoring and calculating the following:
- MIRM: Sensitivities, VaR, SVaR, and map monitoring.
- 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 VaR 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 such as Global Credit FI ETFs.
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.
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.
- Data Analysis: Ability to analyze information within databases (SQL, Big Data) would be desirable.
Please note that priority will be given to candidates who are eligible to work in the UK.
Market Risk Analyst – GMRU London employer: BBVA
BBVA is an exceptional employer that fosters a dynamic and inclusive work culture, offering its employees the opportunity to thrive in a leading European bank. With a strong emphasis on professional development, employees can expect robust growth opportunities while working alongside experienced professionals in a collaborative environment. Located in a vibrant financial hub, BBVA provides unique advantages such as access to cutting-edge resources and a commitment to innovation in the banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land Market Risk Analyst – GMRU London
✨Tip Number 1
Network like a pro! Reach out to professionals in the finance and risk management sectors on LinkedIn. Join relevant groups and participate in discussions to get your name out there and show your interest in market risk.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss SQL, Python, and financial models. Practise explaining complex concepts in simple terms – it shows you really understand your stuff!
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications through our website. A quick email or message can show your enthusiasm and keep you on the radar of hiring managers.
✨Tip Number 4
Showcase your teamwork skills! Be ready to share examples of how you've collaborated in past roles. Highlighting your ability to work well with others is key, especially in a role that involves constant communication with the business desk.
We think you need these skills to ace Market Risk Analyst – GMRU London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Market Risk Analyst role. Highlight your experience with financial markets, programming skills, and any relevant tools you've used. We want to see how your background fits with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about market risk and how your skills align with our needs. Keep it concise but impactful – we love a good story!
Show Off Your Technical Skills:Since this role requires proficiency in SQL, Python, and Excel, make sure to mention specific projects or experiences where you’ve used these skills. We’re keen to see how you can contribute to our team with your technical know-how!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining StudySmarter!
How to prepare for a job interview at BBVA
✨Know Your Metrics
Make sure you understand key metrics like VaR, SVaR, and P&L Attribution. Brush up on how these are calculated and their significance in market risk analysis. Being able to discuss these confidently will show your technical prowess.
✨Showcase Your Programming Skills
Since programming skills in SQL, Python, and R are crucial for this role, be prepared to discuss your experience with these languages. Consider bringing examples of projects or analyses you've completed using these tools to demonstrate your capabilities.
✨Understand the Business Context
Familiarise yourself with BBVA SA's Global Market Risk Unit and its operations. Knowing how the Credit Desk functions and the importance of credit derivatives will help you connect your answers to the company's objectives during the interview.
✨Emphasise Teamwork and Communication
This role requires strong collaboration with the business desk. Be ready to share examples of how you've successfully worked in teams and communicated complex information clearly. Highlighting your soft skills can set you apart from other candidates.
