SFT Risk & Hedge Fund Financing Senior Risk Manager

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 121000 professionals working in multidisciplinary teams with profiles as diverse as financiers legal experts data scientists developers engineers and designers.

You will be part of the Global Markets Risk Unit Global Valuation Team Global Valuation is a specialized function within the Global Markets Risk Unit (GMRU) responsible for the independent valuation and price verification of financial instruments traded by the Global Markets business. The team ensures that fair values used for financial reporting risk management and regulatory purposes are accurate consistent and compliant with accounting and regulatory standards.

It also oversees valuation methodologies reserves model governance and valuation adjustments (such as prudent valuation) providing independent challenge to Front Office pricing and strengthening the integrity of the banks balance sheet and risk framework.

About the job:

We are seeking a high-caliber risk professional based in London to join the Global Markets Risk Unit with responsibility for the independent oversight of Hedge Fund financing activities across Repo Reverse Repo Securities Financing Transactions (SFTs) Prime Brokerage and related financing products.

The role sits at the intersection of counter party risk collateral risk liquidity risk and market risk providing independent challenge and risk stewardship over complex financing relationships with institutional clients. The successful candidate will assess financing structures collateral portfolios leverage dynamics and liquidity vulnerabilities across a broad range of Hedge Fund strategies ensuring that risk appetite remains aligned with market conditions and the firms balance sheet objectives.

This position offers significant exposure to senior management Front Office Treasury Credit Risk Market & Counter party Risk and requires the ability to make sound risk judgements in fast-moving market environments.

Key Responsibilities:

Securities Financing Transactions (SFT) & Repo Risk:

• Monitoring
  :
  Review monitor and elaborate presentations on secured financing volumes and structures across bilateral and triparty repo transactions including Risk Adjusted measures.

• Optimize framework: Evaluate SFT framework including counter party and collateral eligibility matrixes haircut methodologies concentration limits and funding tenors.

• Stress test
  :
  Assess the resilience of financing structures under stressed market conditions including collateral price shocks liquidity deterioration and funding market disruption.

• Challenge
  :
  Provide effective challenge to financing proposals balancing client needs with prudent risk management and balance sheet efficiency.

Hedge Fund Financing & Counter party Risk:

• Perform independent risk assessments of SFT business with Hedge Fund counter parties as a relevant subset of the business. Be familiar with leverage profile liquidity characteristics funding dependencies and operational robustness.

• Identify early warning indicators and recommend proactive risk mitigation measures.

• Understand and monitor financing capacity counter party risk appetite and appropriate risk limits across financing relationships.

Collateral Liquidity & Stress Analysis:

• Assess liquidation risk across a broad range of collateral classes including sovereign bonds agencies investment grade and high-yield credit emerging market debt and structured products.

• Quantify potential losses arising from collateral liquidation under both idiosyncratic and systemic stress events.

• Design and execute stress scenarios incorporating market dislocation widening haircuts deleveraging events and reduced market depth.

• Evaluate gap risk wrong-way risk and liquidity-adjusted exposure measures.

Portfolio & Exposure Management:

• Monitor aggregate exposures across Repo Prime Brokerage Securities Lending OTC Derivatives and other financing products.

• Assess interconnected exposures and risk concentrations across counter parties sectors strategies and collateral types.

• Recommend limit changes transaction restructuring and escalation actions where appropriate.

Governance & Risk Leadership:

• Present complex risk assessments to senior management and risk committees.

• Partner with Front Office and ensure adequate and timely response while maintaining independent risk judgement.

• Contribute to the development of risk frameworks methodologies collateral standards and financing risk appetite.

• Participate in governance discussions relating to financing markets liquidity conditions and emerging industry risks.

What are we looking for

Required Experience:

• 510 years of experience within one or more of the following areas:

  • Hedge Fund Counter party Risk.

  • Prime Brokerage Risk Repo and Securities.

  • Financing Risk Financing and Liquidity Risk.

  • Market Risk covering financing businesses.

  • Counter party Credit Risk.

• Demonstrated experience assessing…