REGULATION PRINCIPAL MANAGER II
Apply NowCompany: BBVA compass
Location: New York, NY 10025
Description:
Excited to grow your career?
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.
About the job:
BBVA SA has embarked on a growth plan to increase its Corporate and Investment Banking ("CIB") business in its non-EU geographies including the US. Therefore, the Regulation Desk aims to strengthen its coverage of regulation management in the non-EU countries in which BBVA has presence. The relevance of this in the US is the growth of CIB businesses and the vastness and complexity of US regulations. This has driven the need for a local representative for the CIB Regulation Desk.
Job Description:
The US CIB Regulation Desk role will be responsible for monitoring development of US financial regulations for impact on BBVA. She/he will have to assess and provide a view on:
She/he will also assist the CIB Regulation Desk team in explaining to US CIB the impact on CIB US businesses from other non-EU regulatory developments that have relevance.
The candidate for this role should have a general knowledge of:
The type of regulation that must be monitored is very varied. It includes:
The Regulation Desk:
The Regulation Desk performs the following activities:
Monitor regulatory developments:
Assist in the interpretation of financial regulation
Provide training to personnel of CIB on financial regulation
In 2025, the team will have presence in Madrid, London, Mexico, New York and Hong Kong
Required profile:
For the Regulation Desk person in New York:
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 $210,000 to $250,000. 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
Legal requirements
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.
Pay Transparency Policy Statement
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).
Individuals with Disabilities
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch invite all interested and qualified applicants to apply for employment opportunities. If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing: disabilityaccessjobs.us@bbva.com or by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.
*The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.
EEO Statement
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities.
View the "EEO is the Law" & "View the EEO is the Law Supplement Poster" poster. BBVA USA, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.
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.
About the job:
BBVA SA has embarked on a growth plan to increase its Corporate and Investment Banking ("CIB") business in its non-EU geographies including the US. Therefore, the Regulation Desk aims to strengthen its coverage of regulation management in the non-EU countries in which BBVA has presence. The relevance of this in the US is the growth of CIB businesses and the vastness and complexity of US regulations. This has driven the need for a local representative for the CIB Regulation Desk.
Job Description:
The US CIB Regulation Desk role will be responsible for monitoring development of US financial regulations for impact on BBVA. She/he will have to assess and provide a view on:
- The impact on CIB US business
- Extraterritorial impact on the rest of CIB
- Other aspects of specific interest to CIB or BBVA's Global Regulation Desk teams
She/he will also assist the CIB Regulation Desk team in explaining to US CIB the impact on CIB US businesses from other non-EU regulatory developments that have relevance.
The candidate for this role should have a general knowledge of:
- Bank products, services and activities;
- Broker/Dealer products, services and activities;
- Swap Dealer and Securities Based Swap Dealer products, services and activities; and
- The relevant US regulatory agencies (i.e., FRB, DFS, SEC, FINRA, CFTC, NFA) and regulatory regimes and relevant rules and regulations.
The type of regulation that must be monitored is very varied. It includes:
- Capital markets: Transactions rules on securities and derivatives, market integrity, post-trade requirements (e.g. reporting and transparency)
- Sustainable finance: Reporting, governance and risk management, ESG characteristics on products, transitions plans
- Digital: Cyber security, third-party service providers, data, innovation
- Conduct rules: Product governance, client protection
- Anti-money laundering and terrorist financing, fraud and financial crime prevention
- Prudential regulation and crisis management rules
- Other specific requirements on the branch, BBVA Securities Inc. and for the Swap-Dealer, Securities Based Swap-Dealer licenses
The Regulation Desk:
The Regulation Desk performs the following activities:
Monitor regulatory developments:
- Analyze the impact on CIB businesses
- Inform CIB business, support areas and collect their views
- Participate in industry associations working groups and committees
- Defend CIB interest in front of industry associations, regulators and supervisors
- Assist in the implementation of the necessary changes in the adaptation process to changing regulation
Assist in the interpretation of financial regulation
Provide training to personnel of CIB on financial regulation
In 2025, the team will have presence in Madrid, London, Mexico, New York and Hong Kong
Required profile:
For the Regulation Desk person in New York:
- Be fluent in English, and have good writing and oral communication skills. Fluency in Spanish will be a plus;
- Have an experience of no less than 10 years working in the financial sector;
- Be proactive and have entrepreneurship to push initiatives that require collaboration with other areas of CIB both in the US and other geographies;
- Strong collaborative skills and team player;
- Is self-motivated and capable of operating independently:
- Have capacity to analyze regulatory proposals and rules and assess their impact on BBVA; and
- Have project management skills.
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 $210,000 to $250,000. 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
Legal requirements
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.
Pay Transparency Policy Statement
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).
Individuals with Disabilities
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch invite all interested and qualified applicants to apply for employment opportunities. If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing: disabilityaccessjobs.us@bbva.com or by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.
*The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.
EEO Statement
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities.
View the "EEO is the Law" & "View the EEO is the Law Supplement Poster" poster. BBVA USA, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.