Commercial Real Estate Underwriter - Senior Vice President Job at BBVA, New York, NY

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  • BBVA
  • New York, NY

Job Description

Overview: Top European Bank with significant New York operations is looking for a Commercial Real Estate (“CRE”) credit risk VP to SVP. The primary objective of this position is to drive material and visible improvement in Credit Risk Management’s (CRM) ability to effectively risk underwrite CRE transactions and manage an existing portfolio, consistent with industry best practices. We are seeking an experienced Senior Credit Risk for a VP/SVP role with a robust background in the commercial real estate industry. The ideal candidate will have a minimum of 10-15 years of experience in credit risk management, with a proven track record of assessing, mitigating, and managing risks associated with commercial real estate portfolios.

Responsibilities:

• Conduct thorough credit risk assessments of commercial real estate transactions, including the evaluation of borrower creditworthiness, property value, cash flow projections, and market conditions.

• Oversee and manage a portfolio of commercial real estate loans, ensuring that risk exposure is within the company's risk appetite.

• Lead the underwriting process for complex commercial real estate deals, providing expert judgment on credit risk factors and structuring recommendations.

• Enforce credit risk policies and procedures specific to commercial real estate, ensuring alignment with regulatory requirements and best practices.

• Monitor market trends, economic indicators, and property performance to identify potential risks and opportunities within the portfolio.

• Work closely with origination teams, legal, and senior management to ensure that credit risk considerations are fully integrated into business decisions.

• Prepare and present detailed credit risk reports to senior management and stakeholders, highlighting key risks, mitigants, and recommendations.

• Ensure compliance with all relevant regulations and internal policies, staying informed of changes in the regulatory environment that could impact the commercial real estate portfolio.

Qualifications:

• Minimum of 10-15 years in credit risk management, with a significant portion of that time focused on commercial real estate.

• Strong understanding of commercial real estate underwriting, credit analysis, and market evaluation.

• Proficiency in financial modeling and risk management tools.

• Exceptional analytical and problem-solving skills, with the ability to make sound judgments based on complex data.

• Excellent written and verbal communication skills, with the ability to articulate complex risk concepts to non-specialists.

• Proven ability to lead projects, manage teams, and collaborate effectively across departments.

• In-depth knowledge of relevant regulations and regulatory frameworks affecting commercial real estate lending.

• Bachelor's degree in Finance, Real Estate, Economics, or a related field; MBA or CFA designation preferred, but not required.

The Bank is one of the leading proponents of Sustainable investing, helping clients in the transition to a sustainable future by promoting environmental protection, economic growth and social development (“ESG”). The Bank contributes to various Sustainable Development Goals through the development of its business by generating a positive impact through

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

With respect to this position in our New York Office, the expected base salary ranges from $180,000 to $225,000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

*Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions

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