Wholesale Credit Risk Models Specialist - Associate
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Remote type: Hybrid
Locations: 28050, MADRID, Madrid
Time type: Full time
Posted on: Posted 5 Days Ago
Application deadline: End Date: May 7, 2025 (1 day left to apply)
Job requisition ID: JR00071923
Excited to grow your career?
BBVA is a global company with more than 160 years of history operating in over 25 countries, serving more than 80 million customers. We are a diverse team of over 121,000 professionals including financiers, legal experts, data scientists, developers, engineers, and designers.
Learn more about the area:
*The vacancy will be active until 23:59h on May 6.*
Global Risk Management (GRM) focuses on risk-adjusted profitability and value creation, utilizing a model portfolio approach to improve capital allocation and digitize risk management processes. GRM Analytics develops methodologies and models for risk across the BBVA Group, emphasizing new data sources and advanced modeling techniques.
About the job:
Based in Madrid, we seek a motivated candidate eager to develop a career in Risk Modeling. The role involves designing, developing, and improving credit risk models such as scorecards, IFRS9, IRB/Economic models, and forecasting models for Wholesale portfolios. Responsibilities include:
* Joining the Wholesale Credit Risk Advanced Analytics Center of Experts (CoE) within the Global Risk Management Holding Area.
* Developing and refining credit risk models, including rank-ordering, Capital Models (IRB and Economic), and IFRS9, and ensuring their compliance with industry standards across BBVA’s global footprint.
* Leading global credit risk projects across various geographies in line with the GRM Analytics Strategy.
* Analyzing, exploring, visualizing data, coding, documenting models, and testing advanced ML and AI technologies.
* Collaborating with internal departments to implement models and analytical initiatives effectively.
* Working in a multicultural environment supporting career development in an international setting and participating in BBVA’s Data Science Community.
Qualifications:
Applicants should have a degree in Mathematics, Physics, Engineering, Actuarial Science, Statistics, or Economics, with a strong academic background and fluency in English and Spanish.
Minimum Requirements:
* University degree (Bachelor’s or higher) in a quantitative discipline.
* At least 3 years of experience in credit risk modeling.
* Hands-on experience in credit risk parameter estimation (capital, allowances, IFRS9).
* Experience with regulatory projects (e.g., EBA DoD, Basel III).
* Background in IRB credit exposure methodologies.
* Proficiency in statistical and machine learning techniques for risk ranking.
* Strong programming skills in SQL, Python, or R.
* English proficiency at C1 level.
Highly Valued Skills and Experience:
* Interaction with regulatory bodies on model topics.
* Data Mining and Data Modeling familiarity.
* Understanding of credit products and risks.
* Experience with Big Data, Machine Learning, or Deep Learning is a plus.
About You:
We seek an enthusiastic, driven individual with strong organizational, problem-solving, communication skills, and proactive mindset, capable of handling multiple tasks independently.
Skills:
Customer Targeting, Empathy, Ethics, Innovation, Proactive Thinking
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