Senior Credit Insurance Specialist

Job Description

Non Payment Insurance Desk – Director | BBVA

The Tone:
This is a full-time role at BBVA, a global financial company with over 160 years of history, operating in more than 25 countries and serving over 80 million customers with a diverse team of 121,000 professionals. This position is vital to providing senior non-payment and credit insurance structuring and execution capabilities within BBVA’s newly centralized CIB Insurance Desk. The role supports the placement of credit risk across Corporate & Investment Banking, coordinating insurance use for risk distribution, capital optimization, and balance sheet management.

The TL;DR
• Role: Full Time
• Type: Full-time
• Team: The newly centralised CIB Insurance Desk, established to coordinate the use of credit insurance across Corporate & Investment Banking.
• Mission: To provide senior non-payment and credit insurance structuring and execution capability within CIB for credit risk distribution, capital optimisation, and balance sheet management.

What You’ll Actually Do
• Originate and Structure: Collaborate with CIB origination and distribution teams to identify and structure transactions suitable for insurance, advising on insurer appetite, marketability, and execution strategy.
• Lead Placement and Execution: Lead Non-Payment Insurance (NPI) and Trade Credit Insurance (TCI) placements from initial market approach through insurer selection, negotiation, documentation, and closing.
• Negotiate Terms: Negotiate competitive pricing, capacity, tenor, coverage, and policy terms with insurers and brokers while considering BBVA’s broader insurer relationships.
• Manage Documentation: Review and negotiate insurance policies and related documentation, ensuring alignment with underlying finance documents and coordinating with Legal as required.
• Optimise Risk and Capital: Work with relevant business, Risk, Methodology, Finance, and Tax teams to support the effective use of insurance for credit risk mitigation and capital optimisation.

The Must-Haves
• Background: Senior-level professional with expertise in non-payment and credit insurance structuring and execution within a banking or specialist brokerage environment.
• Experience: Significant hands-on experience in the placement and execution of non-payment / credit insurance transactions, including managing the full insurance placement lifecycle. Experience with corporate lending, project finance, leveraged finance, trade finance, or other institutional credit/risk-transfer products is required, alongside direct experience with insurers and the international credit insurance market.
• Skills: Strong technical knowledge of Non-Payment Insurance and Trade Credit Insurance, a strong understanding of insurance policy wording and its interaction with finance documentation, and robust commercial judgement and negotiation skills.
• Bonus: Knowledge of CRR eligibility, unfunded credit protection, and regulatory capital treatment, existing relationships across the credit insurance market, and Spanish language skills would be advantageous.