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BBVA · 2 days ago

Project Finance Risk Senior Vice President

New York, NY

Full-time

Onsite

Mid, Senior Level

$180K/yr - $230K/yr

7+ years exp

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.

AccountingBankingFinanceFinancial ServicesLending

Comp. & Benefits

No H1B

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

Qualification

Project FinanceCredit AnalysisFinancial ModelingRisk AssessmentTechnical SkillsMicrosoft ExcelFluency in EnglishFluency in SpanishCommunication SkillsTeamwork

Required

Bachelor's degree in Economics, Accounting, Finance, Engineering, or a related field

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

Fluency in English required

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