Cross Desk Associate

BBVA; New York (NY); On-site; USD 100,000 - 120,000; Full time

Job summary

BBVA is seeking a Cross-Desk Efficiency Associate in New York to support multiple desks by centralizing processes and delivering analytics. You will work closely with traders, focusing on control, automation, and efficiency without taking on pricing or market-risk responsibilities.

The role requires a technical background with 4 years of experience, proficiency in Python for reporting and automation, and knowledge of U.S. Treasuries, futures, and volatility surfaces.

Qualifications

• Proficiency in Python for business reporting, quantitative analysis, and process automation.
• Solid background in desk P&L reconciliation and cross-functional collaboration with Finance and Middle/Back Office.
• Familiarity with front‑office trading platforms, volatility calibration tools, and portfolio compression workflows.

Responsibilities

• P&L quality control: Reconcile desk’s flash P&L against official P&L and run explainers.
• Business analytics: Analyze RFQs by price, latency, skew, size and venue; assess bad fills and adverse selection.
• Analyze execution performance and suggest pricing controls improvements; obtain review from the trading desk.
• Produce and maintain reports covering volumes, P&L, hit/miss ratios, RFQs, client activity, and execution mode (electronic vs. voice).
• Manage Market Data & Platform Controls: upload volatility calibration data, Totem submissions, maintain market data and configurations; simulate CCP drills.
• Identify and investigate front‑office position discrepancies; coordinate resolution with Trading, Middle Office, and Back Office.
• Identify automation opportunities and AI-enabled workflow improvements across desks.
• Model trades in pricing tools and provide cross‑desk support for operational issues.

Skills

Python

P&L reconciliation

Desk analytics

Front-office collaboration

Education

Bachelor or higher in Math/Engineering/Physics

Tools

Totem

Job 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: The Cross-Desk Efficiency Associate supports multiple desks by centralizing common desk processes, providing business and execution analytics, strengthening front-office controls, and identifying opportunities for automation and standardization. The role works closely with traders but does not have trading or market-risk-taking responsibilities. Trading desks retain ownership of pricing, hedging and risk decision.

Key Responsibilities

• P&L quality control: Reconcile desk’s flash P&L against the official P&L, run P&L explainers, and sales credit and mark‑up reconciliations.


• Business analytics: Analyze lost RFQs across key parameters (price, latency, skew, size, venue, competitive behavior), analyze bad fills, flow quality, and adverse selection.


• Analyze execution performance and identify potential improvements to pricing controls, including spread, skew and size rules, for review and approval by the relevant trading desk.


• Produce and maintain business reports covering volumes, P&L, hit/miss ratios, RFQs, client activity, and electronic vs. voice execution.


• Market Data & Platform Controls: Upload volatility calibration, Totem submissions (Term SOFR and vol surfaces), maintain trader‑approved market data, calibration inputs, hedging instruments (UST, futures, options on futures, etc.), and platform configurations across supported desks and systems; CCPs fire drills.


• Position & Trade Controls: Identify and investigate front‑office position and booking discrepancies, coordinate resolution with Trading, Middle Office, and Back Office teams; validate front‑office positions following portfolio compression and elevate discrepancies.


• Efficiency, Automation & Desk Tools: Identify and implement opportunities for process automation and AI‑enabled workflow improvements across desks.


• Model trades in pricing tools.


• Provide cross‑desk support for exceptional operational, control, and platform‑related situations.

Requirements

• Experience supporting front‑office markets desks, electronic markets businesses, or related control/analytics functions.


• Proficiency in Python for business reporting, quantitative analysis, and process automation.


• Solid understanding of financial products including U.S. Treasuries, futures, benchmark hedges, Term SOFR, and volatility surfaces.


• Working knowledge of electronic pricing controls and execution analytics in electronic trading platform configuration, pricing parameters (spread, skew, size rules), and market execution analytics.


• Strong background in desk P&L reconciliation, position management, P&L explainers, and cross‑functional collaboration with Finance, Middle Office, and Back Office.


• Familiarity with front‑office trading platforms, volatility calibration tools, Totem, and portfolio compression workflows.


• Technical background (majors in Math, Engineering, Physics, etc.) – 4 years of experience.

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 $100,000 to $120,000. 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.

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)).

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: [e-mail] or by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.

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.

We are more than 121,000 colleagues across 25 countries, working in multidisciplinary teams where we understand the importance of work‑life balance. We support our clients in the energy transition and are committed to inclusive growth. We are pioneers in adopting disruptive technologies that will shape the financial industry. Dare to define the future of banking!