FIG Insurance Coverage Vice President

About the Role

BBVA's Corporate & Investment Banking division is seeking a Vice President to join its Insurance Coverage team in New York. The VP will support the origination and execution of strategic dialogue and transactions with insurance sector clients — life, annuity, P&C, reinsurance, and insurance-linked asset managers — across Global Markets, Global Transaction Banking, and Global Investment Banking product sets.

Find out more about the daily tasks, overall responsibilities, and required experience for this opportunity by scrolling down now.

This is a client-facing role with significant senior exposure. The successful candidate will operate as the connective tissue between coverage and product partners, driving account planning, deal execution, and content creation for a portfolio of US-domiciled insurers with global operations.

Key Responsibilities

Client Coverage & Origination

• Support MD-level coverage of insurance clients, including preparation of pre-meeting intelligence briefs, account plans, wallet analyses, and relationship reviews
• Develop and maintain relationships with client counterparts at the VP/Director level (treasury, capital management, investments, corporate development)
• Identify cross-sell opportunities across financing, hedging, transaction banking, and advisory, and coordinate delivery with product partners in New York, Madrid, and London

Transaction Execution

• Execute across the full insurance capital markets toolkit: hybrid and subordinated debt, surplus notes, FABN/FABS and other funding agreement-backed programs, credit facilities, letters of credit and reinsurance collateral solutions, and derivative overlays
• Support M&A, block reinsurance, and sidecar/flow reinsurance dialogue, including preparation of strategic materials and coordination with advisory teams
• Manage internal processes end-to-end: credit approvals, KYC/onboarding, capital committee memos, and legal documentation coordination

Content & Analysis

• Produce high-quality client materials: pitch books, market updates, capital structure and peer benchmarking analyses, regulatory impact assessments
• Monitor sector developments — rating agency actions, NAIC/BMA/PRA/EIOPA regulatory changes, reinsurance renewal conditions, and transaction activity — and translate them into actionable client dialogue
• Mentor and direct the work of associates and analysts

Qualifications

Required

• 6–9 years of experience in investment banking, corporate banking, or capital markets with direct insurance sector or FIG coverage exposure
• Strong working knowledge of insurance company balance sheets, including statutory and GAAP/IFRS accounting, RBC and other capital frameworks, and reinsurance structures
• Familiarity with the regulatory landscape governing US and Bermuda insurers (NAIC, BMA); exposure to PRA and Solvency II a plus
• Demonstrated execution experience across debt capital markets, structured financing, or derivatives for financial institutions clients
• Excellent written and verbal communication; able to produce senior-ready materials with minimal oversight
• Bachelor's degree required; FINRA Series 79 and 63 (or ability to obtain within a defined period)
• FINRA SIE, Series 79, Series 63 required (or willing to obtain in 3 months of hire)

Preferred

• Experience covering or executing for PE-backed insurers, Bermuda reinsurers, or insurance asset managers
• Knowledge of funding agreement-backed issuance programs, FHLB borrowing, and insurer secured funding structures
• Spanish language skills a plus, given coordination with Madrid-based product and risk partners

The New York Branch provides a high-visibility environment, with direct exposure to senior stakeholders and involvement in key regulatory and strategic initiatives in the U.S.

We promote a collaborative culture that values ownership and continuous improvement. This role offers the opportunity to deepen your regulatory expertise, work across functions and develop within a global organization.

With respect to this position in our New York Office, the expected base salary ranges from $190,000 to $240,000. 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. xhyhwjd 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