ALM Manager – Gestión de Riesgos Estructurales – Gestión de Riesgos Estructurales

Job Description

ALM Manager – Gestión de Riesgos Estructurales IRRBB | BBVA

The Tone:
This is a full-time hybrid role at BBVA, located in Mexico City. BBVA is a global financial institution with over 160 years of history, operating in more than 25 countries and serving over 80 million clients. This role is crucial for analyzing and managing the bank’s primary financial risks that originate from the structure of its balance sheet. The manager will focus on strategically impacting the management of interest rate risk for the Banking Book (IRRBB), structural foreign exchange risk (FX), the ALCO portfolio, and reserves.

The TL;DR
• Role: Full Time
• Type: Hybrid
• Location: Hybrid – Mexico (Mexico, Distrito Federal)
• Team: Gestión de Riesgos Estructurales, within Asset & Liability Management & Capital (ALM & Capital)
• Mission: Analyze and manage the primary financial risks arising from the bank’s balance sheet structure to ensure strategic impact.
• Tech Stack: Microsoft Excel, Python, QRM, Reuters, Bloomberg, bases de datos

What You’ll Actually Do
• Balance Analysis: Analyze the bank’s balance sheet comprehensively to build a solid understanding of current and prospective exposure to key structural risks, with a specific focus on IRRBB.
• Strategy Development: Develop proposals for balance sheet management to present to working groups and decision-making bodies, including the Assets and Liabilities Committee (ALCO).
• Portfolio Management: Manage strategies by utilizing various levers, such as the ALCO securities portfolio and emissions hedging strategies.
• Financial Planning: Participate in core internal and regulatory financial planning exercises, including budget creation, the Funding Plan, and the Capital Sufficiency Exercise.

The Must-Haves
• Background: Bachelor’s degree in Finance, Actuarial Science, Business, Business Administration, Economics, or a related field (Titulado). This role requires a strong background in financial analysis, balance sheet deep dives, and financial risk modeling.
• Experience: A minimum of 3 years of experience in similar functions, demonstrating expertise in financial instruments, derivatives, and financial markets.
• Skills: Indispensable knowledge of investment, financing, and interest rate/exchange rate derivatives; mastery of financial mathematics; strong ability to model and interpret risk metrics (IRRBB and FX); proficiency in accounting aspects and financial markets; expert command of Microsoft Excel, databases, and Python; familiarity with QRM, Reuters, Bloomberg, and pricing provider reports; intermediate-advanced English language skills.
• Bonus: AMIB Certification (ideally figure 5) and CFA Level 1 Certification are desirable.