Structured Finance, Credit Risk

BBVA

. Lead underwriting of Securitization Warehouse facilities across multiple ABS asset classes .

Posted 9/22/2026full-timeNew York City • New York • United StatesSeniorLead💰 $190,000 - $220,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates extensive expertise in underwriting Securitization Warehouse Facilities and Senior Secured Lending Facilities, with a strong focus on risk assessment, compliance, and credit analysis. Proven ability to present credit recommendations and enhance underwriting frameworks within structured finance and private credit environments.

Highest-signal resume keywords

Securitization Warehouse UnderwritingSenior Secured Lending FacilitiesRevolving Credit Facilities (RCFs)Credit Risk AssessmentCollateral Analytics

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Credit UnderwritingSecuritization DocumentationBorrowing Base MechanicsCovenant FrameworksTransaction StructuringStress TestingScenario AnalysisQuantitative AnalysisPortfolio Composition AnalysisCredit Judgment

Soft Skills

Analytical SkillsCommunication SkillsIndependent OperationCommittee Presence

Industry Keywords

ABS Asset ClassesBDC Lending RiskPrivate CreditStructured FinanceRegulatory Compliance

About the role

Key responsibilities & impact

Lead underwriting of Securitization Warehouse facilities across multiple ABS asset classes
Underwrite Secured Lending Facilities and RCFs to BDCs and private credit platforms
Assess borrowing base structures, advance rates, eligibility criteria, concentration limits, and structural protections
Analyze collateral pools and direct lending portfolios at the asset and portfolio levels
Evaluate transaction mechanics including waterfalls, triggers, covenants, margining frameworks, and amortization features
Oversee ongoing monitoring of warehouse and private credit exposures
Conduct stress testing and scenario analysis on asset pools and direct lending portfolios
Identify emerging risks, concentration issues, and structural vulnerabilities
Ensure compliance with internal credit policies and regulatory requirements
Present credit recommendations to senior management and credit committees
Contribute to enhancement of underwriting frameworks and risk methodologies
Serve as subject matter expert on securitization warehouse and BDC lending risk
Support strategic expansion of structured finance and private credit activities

Requirements

What you’ll need

Bachelor’s degree in Finance, Economics, Business, or related field
10–12 years of relevant credit underwriting experience within a financial institution, structured finance platform, rating agency or private credit environment
Significant hands-on experience underwriting Securitization Warehouse Facilities, ABS asset classes, Senior Secured Lending Facilities, Revolving Credit Facilities (RCFs) to BDCs, and Private Credit / Direct Lending portfolios
Strong understanding of securitization documentation, borrowing base mechanics, collateral analytics, covenant frameworks, and transaction structuring
Experience analyzing BDC financials, leverage constraints, asset coverage tests, and portfolio composition
Demonstrated ability to operate independently at the VP level with strong credit judgment and committee presence
Excellent analytical, quantitative, and communication skills
Employment eligibility to work with BBVA in the U.S.; the company will not pursue visa sponsorship

Benefits

Comp & perks

Generous employee benefits package
Discretionary bonus
Hybrid work arrangement