TRADING FLOW BONDS & REPO EXECUTIVE DIRECTOR

Banco Bilbao Vizcaya Argentaria, Sociedad Anonima; Hong Kong; On-site; HKD 1,200,000 - 2,400,000; Full time

Job summary

BBVA Hong Kong invites applications for the Trading Flow Bonds & Repo Executive Director role. The incumbent will collaborate with Global Product FI Trading to shape regional strategy, oversee desk activity, and ensure compliance with risk and regulatory standards while driving client-focused execution.

The role requires leadership across desks, close coordination with Sales, and ongoing analysis of market dynamics, with responsibility for P&L, risk limits, and strategic initiatives to enhance

Qualifications

• Experience collaborating with global product trading teams to define strategy in FI flow.
• Strong understanding of bonds and repo markets and regulatory considerations.

Responsibilities

• Lead the Bonds & Repo Flow desk in providing market-making services and risk-managed quotes.
• Oversee risk limits, hedging, and P&L monitoring for the desk activity.
• Coordinate with Sales and other Global Markets desks to align targets and share market insights.
• Supervise staffing and performance indicators for the unit and report to the Global Product Trading Manager.

Skills

Financial Markets

Fixed-Income Markets

Job description

TRADING FLOW BONDS & REPO EXECUTIVE DIRECTOR

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:

Collaborate with the Global Product (FI) Trading Manager in defining the Bonds and Repo Flow strategy in the region under his/her responsibility, focusing on meeting internal and external customers’ needs and complying with the risk and regulatory requirements.

• Generate recurrent income in order to meet the revenues targets that are set each year
• Lead the desk coordination, delegating tasks amongst his/her team based on their product specialization, position and workload. Follow up and supervision of all on-going trading activity, helping in solving problems and bottlenecks as needed
• Support the bonds and repo desks in their market making activity, quoting the most relevant transactions, as required. Manage the approval for operations that exceed given risk limits. Focus on promoting the excellence in the service offered to the clients
• Supervise the IR Flow desk hedging, ensuring that the global risk exposure is balanced that there is no overexposure to a certain underlying term, currency, etc. Coordinate the desk risks macro hedging, being responsible for maintaining the global risk within the acceptable/ allowed limits
• Encourage the coordination and strategic alignment with other Global Markets desks and internal areas. Foster the collaboration with the Sales desks to set commercial targets for different products and with other Global Rates trading desks in order to mainstream the market knowledge and create synergies in the operations’ profitability and risk management
• Assist Finance CIB and Regulation CIB with views on industry topics that affect Bank’s business.
• Track the bonds and repos flow trading books and activity, monitoring main trading indicators such as P&L and hit/ miss ratio. Assist in solving problems and incidences, as required
• Lead a key role in promoting the bank's positioning within bonds and repos flow business, meeting external customers and encouraging the innovation and efficiency within the team and stakeholders, with the objective to add value to the customers
• Take part in specific working groups and projects related to the bonds and repos flow business. Focus on the analysis of the impact and implications of the markets’ regulatory reforms in the trading tools, valuation models and operating processes
• Ensure that desks activity complies with both internal and external operational policies, procedures and regulatory requirements
• Introduce the bonds and repo flow activity to both internal and external clients.
• Participate in strategic and pipeline committees of the Global Rates and FI units
• Manage all staffing issues for the unit, together with the Product Trading Manager and T&C CIB
• Report to the Global Product (Rates) Trading Manager on a periodic and ad-hoc basis about main performance indicators

Job Posting

BBVA Hong Kong will conduct a background check on you in accordance with the Mandatory Reference Checking (MRC) Scheme regulated by the Hong Kong Monetary Authority (HKMA). Should any discrepancy identified or deemed unsatisfactory to us, we reserve the rights to terminate your employment in such case. (FAQs for In-Scope Individual: https://www.hkab.org.hk/files/page/page-content/79/FAQs_for_In-Scope_Individuals_(24_July_2025)-1753348029.pdf)

Skills:

Financial Markets, Fixed-Income Markets

What can I earn as an Executive Director