Job Description

-Summary of Responsibilities:

Prepare and analyze financial reporting from a management perspective for the Corporate Investment Banking USA business units and support CIB USA Management in the implementation of BBVA’s business model. BBVA works as a global institution, and therefore we recognize the need for standard working practices, information and management systems, accounting results criteria and communication between different banking departments. The main objective of the department is to support the Head of Management Reporting by implementing these practices and systems in the unit. Management Reporting plays a leading role in the daily activity of the business unit P&L.

Major/Essential Job Duties:

Management information:

P&L report preparation across all products, focused on Global Lending and Global Transactional Banking analysis and total expense overviews
Investigate and resolve large and inconsistent P&L variances between head office reporting, accounting systems and management reporting systems in order to reconcile all discrepancies down to an immaterial amount to ensure accurate P&L.
Responsible for providing head of each business unit with monthly P&L for respective product line
Daily interaction across multi-disciplinary teams including both front and back office, as well as coordination with Global CIB Management Reporting in Spain.
Prepare monthly Management Reporting (EFAN) reconciliations and adjustments for a timely and accurate month end close
Create and prepare annual budget for submission to Head Office.
Prepare weekly forecasting for GTB and GL business units as well as an expense summary across all products.
Assist in with local project implementations and Ad-hoc requests.
Collaborate on preparing strategic recommendations based on financial analysis and forecasts to the Head of Management Reporting
Analyze and understand all aspects of the Management Reporting results in order to assist with monthly presentations for management.

Level of Complexity and Risk Involved:

As a Front Office support area, responsible for controlling P&L for CIB USA units, this position requires thorough knowledge of Management Reporting results and how it translates from the base Accounting data. This position will liaison with directly with the business units in order to ensure accurate forecasts, budgets and actual results. Working knowledge of Investment Banking Lending products and the accounting treatment is an advantage. This position is highly exposed to internal and external trading, accounting and management systems, as well as Microsoft and SQL software. In this way, the candidate has to be knowledgeable of systems. Important to note that this is a sensitive position as it handles P&L, portfolio’s risk and confidential data. It also requires active coordination with all geographies where BBVA has clients, and the coordination of cross-border bookings and governance.

Additional Minimum and Preferred Qualifications

Skills, knowledge, and abilities/Competencies:

Bachelors in Finance, Economics, Business or Accounting.
Minimum of 5 years’ experience in FP&A (Banking preferred), with knowledge of financial markets, lending products and the translation from Accounting to Management results.
Proficiency in Microsoft Suite of products (SQL is a plus).
Knowledgeable of General Ledger reporting systems and working across multiple legal entities and geographies.  
Comfortable dealing with ambiguity.
Experience working in a global, multicultural and/or international environments.
Must be able to multi-task and demonstrate analytical/problem-solving skills
Must be a proactive, a quick learner, self-motivated and a team player
Ability to learn new financial software or comfortable in dealing with systems
Proficiency in Spanish a plus

Management Responsibilities:

Assist in overall coordination or reporting and management deadlines.