BBVA
Non Payment Insurance Desk - Associate
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BBVA - Non-Payment Insurance Transaction Execution Specialist
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 121,000 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 BBVA’s 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.
About the Role
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.
Responsibilities
- 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 Desk’s 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 onboarding, reporting, tools and relevant governance requirements.
- Junior talent development: Support the development of junior members of the Insurance Desk through day-to-day coaching, knowledge sharing and involvement in transactions, helping build their technical, analytical and execution capabilities.
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Requirements
Experience
- Relevant experience in non-payment / credit insurance, credit risk distribution or a closely related field, gained within a financial institution, specialist broker or insurer. Experience may include insurance placement/execution, portfolio management, corporate/structured lending or trade finance involving the use of credit insurance.
- Practical experience supporting or executing credit insurance transactions is strongly preferred.
- Experience in transaction economics, RWA/capital analysis or portfolio oversight within a banking environment would be advantageous.
- Experience working with corporate lending, project finance, leveraged finance, trade finance, export finance, derivatives, repo transactions, SRTs or other institutional credit/risk-transfer products would be advantageous.
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Knowledge, Skills and Abilities
- Good understanding of non-payment / credit insurance and its use as a credit risk mitigation, capital management and distribution tool.
- Understanding of credit risk, banking products and transaction economics.
- Ability to understand and analyse RORC, RWA/capital impact and the economics of insurance transactions.
- Familiarity with insurance policies and/or credit documentation and the interaction between insurance and the underlying transaction.
- Ability and willingness to coach and develop junior colleagues and contribute to a collaborative team environment.
- Strong analytical skills, including a high level of proficiency in Excel.
- Ability to manage transaction and portfolio information accurately and work effectively with Middle Office and Monitoring functions.
- Knowledge of CRR eligibility, unfunded credit protection and regulatory capital concepts would be advantageous.
- Strong organisational, commercial and communication skills.
- Ability to manage transactions and workstreams independently while escalating appropriately.
- Ability to coordinate effectively across Front Office, Risk, Legal, Finance, Methodology, Middle Office, insurers and brokers.
- Spanish language skills would be advantageous.
Skills
- Customer Targeting
- Empathy
- Ethics
- Innovation
- Proactive Thinking
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