Ignacio Carnicero named as BBVA USA Chief Risk Officer

Carnicero, who becomes a member of the bank’s U.S. Management Committee, has been with BBVA for more than 12 years and is joining the bank’s U.S. unit from the Global Risk Management team in Madrid, Spain, where he led the Risk Analytics and Innovation area.

In the U.S. Carnicero will be responsible for continued integration of the bank’s risk culture, even as he builds on the strong risk foundation that was previously laid across the bank’s U.S. operations. BBVA USA President and CEO Javier Rodríguez Soler said Carnicero’s position is critical to the safe and sound operation of the bank as it continues its digital transformation.

Rodríguez Soler: "We’ve embedded a strong foundational risk culture. Ignacio’s leadership will guide the team to continue performing at a high level."

“BBVA has long had a strong orientation toward risk, as a vital component of how we manage the bank day-to-day,” he said. “In the years that BBVA has been in the U.S., we’ve embedded a strong foundational risk culture and now, as we move forward in our digital transformation efforts, and in order to achieve the growth we desire, we must continue operationalizing it. Ignacio’s leadership will guide the team to continue performing at a high level.”

Prior to his most recent role in Global Risk Management, Carnicero was Global Head of Portfolio Management for CIB. He’s been with BBVA for more than 12 years and spent time at Santander Bank and at consulting firm Afi before joining the Group.

Carnicero received his bachelor’s degree at Universidad of Valladolid and his master’s in quantitative finance from the Center for Monetary and Financial Studies. He also has a Financial Risk Manager (FRM) certification.

Carnicero replaces Javier Hernandez, who has joined the board of BBVA USA Bancshares, Inc. in order to provide continuity in the bank’s already strong risk culture.

For more information on BBVA USA, click here.