Job Description

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 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.


IB&F O&E team

About the job:

Summary of Responsibilities:

Supporting senior members of the Bank Debt Advisory & Liability Management team. The candidate will be responsible for preparing comprehensive client materials, including financial analysis and Liability Management models. These materials will support recommendations on optimal balance sheet strategies and alternative capital structures for both prospective and existing clients. The candidate is required basic knowledge of financial markets, financial modelling, liability management, and P&L analysis (Accounting). The ideal candidate should demonstrate a strong work ethic, eagerness to learn, and a willingness to develop a solid understanding of global banking regulations and market execution practices
The team has a close collaboration with various internal teams including Client Coverage, Rating Advisory, ECM, DCM, Syndicate, and M&A. In addition to capital structure advisory, the team works closely with clients to optimize their debt management strategies.

List Major/Essential Job Duties:

Support the team in client engagements with corporates and financial institutions (including banks, insurance companies, asset managers), particularly around balance sheet and ratings optimization. Assist in the preparation and execution of Liability Management (LM) transactions, including analysis of tender offers, exchange offers, and consent solicitations, with a focus on modelling outcomes and supporting documentation. Actively collaborate with internal stakeholders (Coverage, DCM, Risk, Syndicate, Legal, and Product teams) to deliver holistic, cross-product advice. Support senior team members in maintaining client relationships and developing a trusted advisor presence with existing and prospective clients in the financial sector. Develop knowledge of regulatory capital requirements, solvency regulations, and rating agency methodologies. Manage the day-to-day execution process of transactions under the supervision of a senior team member. Continuously enhance the Liability Management Model across key currencies (USD, GBP, EUR). Build and maintain complex financial models and live databases. Develop models to assess capital and debt efficiency; conduct cash flow modelling and bond economics including NPV analysis.

Skills, knowledge, and abilities/competencies:

This role is very much for a highly motivated candidate with a very strong excel modelling background with working knowledge of Bloomberg. The position offers an excellent opportunity to gain experience on the sell side, with a focus on debt products and Liability Management, while building technical and market knowledge within a collaborative environment.


Strong analytical and problem-solving skills, with attention to detail. Strong interest in Liability Management, including developing cash flow and NPV models to evaluate debt efficiency and refinancing scenarios. Familiarity with Python and VBA/macros is a plus. Proficiency in Microsoft Excel and PowerPoint. Interest in bond mathematics and basic cash flow analysis related to corporate finance and interest rate products. Prior exposure at an Investment Bank, Financial Start-up, or Rating Agency with exposure to financial institution capital structures, funding, and Treasury operations. Understanding of banking, insurance, and broader financial institution structures, particularly within BBVA geographies. Familiarity with rating agency scales and methodologies. Solid knowledge of fixed income instruments and multi-currency pricing for both new issues and outstanding debt. Genuine interest in financial markets is fundamental. Regularly follows key indices, macroeconomic developments, and central bank decisions, with a desire to understand market dynamics and their impact on debt instruments. Ability to manage multiple tasks in a fast-paced, collaborative environment, working effectively with global and cross-functional teams across geographies and time zones, while maintaining flexibility, commitment, and strong time-management skills. Full professional proficiency in English.

Skills:

Customer Targeting, Empathy, Ethics, Innovation, Proactive Thinking