Non Insurance Desk Associate

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.

To support the structuring and execution of non-payment insurance transactions within BBVAs newly centralised CIB Insurance Desk established to coordinate the use of credit insurance across Corporate & Investment Banking. The position forms part of the build-out of the new team with responsibility for transaction execution portfolio oversight and coordination across relevant internal stakeholders.

The role will work with origination and distribution teams across CIB throughout the insurance placement lifecycle while supporting transaction teams in understanding the economics Risk-Weighted Assets (RWA) and capital impact of using insurance. The individual will also help ensure that insured transactions are accurately captured administered and managed throughout their lifecycle working closely with Middle Office Monitoring Risk Finance Tax Legal and other stakeholders.

About the job:

• Insurance placement and execution execute and support NPI placements from initial market approach through insurer selection negotiation documentation and closing.
• Origination and structuring work with CIB origination and distribution teams to assess transactions for NPI and support appropriate insurance structures considering insurer appetite marketability economics pricing and execution strategy.
• Portfolio oversight and coordination maintain a consolidated view of the Insurance Desks portfolio and pipeline working closely with Middle Office Monitoring and relevant business teams to ensure insured transactions are accurately captured and appropriately managed following execution.
• Transaction economics and capital analysis support transaction teams in calculating and understanding the economics of insurance including premium RORC RWA/capital benefit and relevant credit-limit impacts working with Finance Tax Risk Methodology and other stakeholders as appropriate.
• Market engagement and negotiation engage directly with insurers and brokers to obtain and analyse appetite pricing and capacity and support the negotiation of commercial terms.
• Policy and transaction documentation review NPI policies and related documentation ensuring that the insurance appropriately reflects the underlying finance documents and commercial transaction and coordinate with Legal where required.
• Transaction lifecycle management coordinate with Middle Office and Monitoring teams throughout the life of insured transactions including policy administration premium payments amendments waivers renewals restructurings and claims ensuring appropriate engagement with insurers and brokers.
• Management information and reporting support accurate reporting of NPI activity including transaction volumes insurance utilisation insurer participation pricing/economics and other relevant desk information and provide relevant MI to FI Risk FI Coverage CIB Management and other stakeholders.
• Insurer and broker relationships develop relationships across the credit insurance market and maintain an up-to-date understanding of insurer appetite capacity pricing and market developments.
• Internal coordination and business support work across Front Office Risk Legal Finance Tax Methodology Middle Office and Monitoring teams and provide practical support to transaction teams using NPI.
• Desk development contribute to the continued development of the centralised Insurance Desk including execution processes transaction data insurer…