Project Finance Risk Senior Vice President

BBVA•New York, NY

22d•$180,000 - $230,000

About The Position

BBVA is seeking a Structured Finance Risk Senior Vice President to join the Global Risk Management team in New York, supporting Project Finance activities across the U.S. and Canada. The candidate will assist the Structured Finance Risk team in the independent analysis, approval, and ongoing monitoring of Project Finance transactions originated by BBVA New York, spanning both renewable energy and traditional infrastructure sectors. Consistent with a mid-to-senior level role, the position combines hands-on portfolio monitoring, pipeline oversight, and reporting responsibilities with more senior execution tasks, including the preparation and presentation of comprehensive credit packages, independent risk analysis, and financial modeling of project finance transactions. The role requires strong technical expertise, sound credit judgment, and the ability to clearly articulate risk considerations to senior stakeholders and Risk Committees.

Requirements

Bachelor’s degree in Economics, Accounting, Finance, Engineering, or a related field; advanced degree a plus.
7+ years of experience in Project Finance within a bank, investment bank, credit institution, or relevant infrastructure / energy firm, with demonstrated exposure to credit and risk analysis.
Strong technical skills, including the ability to build, review, and sensitize Project Finance financial models and assess the impact of key assumptions on cash flows and debt repayment.
Solid understanding of credit analysis, project contracts, security packages, guarantees, and structural protections typical in Project Finance transactions.
Formal credit training strongly preferred.
Fluency in English required; Spanish fluency strongly preferred.
Strong written and verbal communication skills, with the ability to present complex analyses clearly to senior management and Risk Committees.
Ability to work effectively under tight deadlines and manage multiple transactions simultaneously in a team-oriented environment.
Proficiency in Microsoft Office, particularly Excel; Programming skills are highly valued.
Bloomberg experience a plus.

Responsibilities

Assist in the financial, structural, and risk analysis of Project Finance opportunities across sectors including renewable energy (solar, storage, onshore and offshore wind, anaerobic digestion, geothermal, biofuels), energy transition, Oil & Gas, LNG, pipelines, and other core infrastructure assets.
Review and critically assess project cash flow models, including detailed analysis of contracted and merchant project revenues, expenses, tax-equity partnership cash flow economics, CFADS, DSCRs, and other key credit metrics, and perform sensitivity and scenario analyses to evaluate downside risk, resilience, and repayment capacity.
Review and analyze tax equity and back-leverage structures, including modeling of tax equity economics, cash flow impacts, allocation of income and tax benefits, time-based and yield-based flip mechanics, fair value assessment of sponsor buyout options, with the objective of assessing whether projected project cash flows can sustainably support proposed terms and whether such terms are consistent with prevailing market standards
Identify, assess, and document key project risks, including but not limited to construction and completion risk, operating risk, contract and counterparty risk, sponsor strength, off-taker exposure, regulatory and political risk, geographic risk, and other binary or event-driven risks.
Prepare timely, thorough, and well-supported credit approval packages and risk memoranda for local and global Risk Committees, in close coordination with the Head Office Structured Finance Risk team in Madrid.
Present transactions, portfolio reviews, and risk assessments to Risk Committees when required, clearly articulating key risks, mitigants, and credit considerations in a manner tailored to senior risk management and the Chief Risk Officer.
Assist with the monitoring, waiver, amendment, and consent management of the BBVA New York Project Finance portfolio, including ongoing credit reviews and risk profile updates.
Maintain and enhance internal portfolio and pipeline reporting, ensuring accuracy, consistency, and timely distribution to relevant internal stakeholders.
Work closely with the Project Finance origination team, Syndications, Legal, Portfolio Monitoring and other internal functions to support transaction execution while maintaining strong credit discipline and independent risk oversight.
Maintain complete and accurate credit files and documentation, ensuring readiness for internal audits, credit quality reviews, and regulatory examinations.