WHOLESALE RISK MANAGER I
Job Description
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BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.
Global Risk Management “GRM” Brazil manages the credit, portfolio, market and regulatory risks associated with BBVA Brazil’s operations; ensuring adherence to BBVA Group’s policies and risk appetite, and compliance with local regulatory requirements. The position is based in the city of São Paulo
About the job:
REGULATORY RISK MANAGER - BBVA BRAZIL
Introduction
Global Risk Management “GRM” Brazil manages the credit, portfolio, market and regulatory risks associated with BBVA Brazil’s operations; ensuring adherence to BBVA Group’s policies and risk appetite, and compliance with local regulatory requirements. The position is based in the city of São Paulo.
Job Description
BBVA Brazil is seeking a highly qualified professional to join the risk management function as a Regulatory Risk Manager, supporting the governance, implementation, monitoring, and continuous enhancement of the bank’s prudential and regulatory risk management framework.
This role is critical to ensuring compliance with the regulatory requirements established by the Central Bank of Brazil (“BACEN”), including applicable resolutions for institutions with activities focused on Wholesale Banking.
The position will act as a key contributor in the design, execution, and oversight of regulatory risk management processes, prudential controls, governance routines, reporting obligations, and supervisory interactions. The successful candidate will work cross-functionally with Credit & Market Risk, Business & Products, Compliance, Finance, Legal and Internal Audit.
Key responsibilities include:
Monitor and ensure adherence to BACEN regulatory requirements, including but not limited to Resolution CMN 4,557 (Integrated Risk Management).
Prepare and file regulatory reports with BACEN, including CADOCs (3040, 3044, 3050 and 2030), DDR, DRM, DRL, among others.
Oversee accuracy and completeness of Legal Lending Limit controls and reporting.
Maintain and update the Risk Appetite Statement (RAS).
Prepare and review regulatory reports and presentations to Risk and Executive Committees, to keep senior management informed of adherence to local regulations and BBVA Brazil’s RAS.
Monitor key prudential indicators, risk metrics, exposures and limits established by internal governance and regulatory requirements.
Escalate regulatory matters that require authorization from the Head of Risk and/or other senior executives.
Act as a technical point of contact for internal/external Audit and BACEN supervisors during inspections/audits.
Maintain documentation and evidence supporting regulatory compliance.
Participate in stress testing, gap analysis, risk assessment and remediation plans.
Stay abreast of changes in regulations, inform senior management and adjust risk controls accordingly.
Support strategic initiatives involving regulatory implementation, process optimization, and governance enhancement.
Requirements
7–10 years of relevant experience in risk management and regulatory compliance within the Brazilian Financial System.
Deep understanding of integrated risk management practices and regulatory risk controls.
Strong knowledge of Brazilian banking regulation and prudential governance frameworks, including Resolutions CMN 4557 / 4677 / 4945, BACEN Resolutions 229 / 313 / 352, among others.
Experience with BACEN systems.
Experience within financial services and wholesale banking.
Strong analytical, organizational, and problem-solving skills.
Excellent communication, stakeholder management, and presentation capabilities.
Ability to work effectively in fast-paced and cross-functional environments.
Proficiency in Excel and familiarity with data analysis or automation tools such as Python, VBA, SQL, or related technologies.
Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
Mandatory fluency in Portuguese and English. Spanish is a plus.
Skills:
Regulatory Compliance, Regulatory Risk, Risk Assessments, Risk Control, Risk Management