EM and Credit Repo Trader Executive Director

BBVA; New York (NY); On-site; USD 270,000 - 315,000; Full time

Job summary

BBVA is seeking a senior SFT trader and risk manager for its New York office to lead the Americas EM & Credit SFT business for BSI and BBVA SA. You will trade, settle, and expand SFT products across repos, securities lending, TRS, and related instruments.

Responsibilities include managing positions, hedging liquidity, rate and FX risks, and collaborating with trading, sales, middle and back office, engineering and legal to build robust SFT infrastructure.

Qualifications

• 11+ years in Fixed Income markets with 2+ years in SFT/Repo.
• Strong communication and leadership skills.
• Series 7 and 63 licenses.
• Experience with Latam Sovereign, EM Credit and US Credit.
• Proficient with Bloomberg, BrokerTec, GLMX and other trading platforms.
• Murex experience is a plus.

Responsibilities

• Trade the existing SFT Americas EM & Credit activity including repos, securities lending, TRS and related products.
• Grow SFT Americas EM & Credit businesses by expanding product capabilities and client base.
• Manage SFT positions and hedge liquidity, balance sheet, interest rate and FX risks.
• Enhance desk position and risk management tools and processes.
• Collaborate with SFT trading, sales, and back/middle office across geographies.
• Design and build SFT infrastructure with Engineering, Legal, Risk, and Operations.

Skills

SFT product knowledge

Risk management

Leadership

Communication

Trading platforms

Series 7/63

Tools

Bloomberg

BrokerTec

GLMX

Murex

Job description

Responsible for trading, managing, building and expanding the Americas EM & Credit SFT businesses for BSI and BBVA SA

Responsibilities:

• Trade the existing SFT Americas EM & Credit activity which includes:
• Payoffs: fixed, floating, open
• Settlement: bilateral or triparty
• SFT Products - Repo, Securities Lending, TRS, Bond Forward, XCCY, Secured Loans
• Grow SFT Americas EM & Credit businesses by expanding existing product capabilities and by adding new products and clients
• Manage SFT positions and hedge risks including: liquidity, balance sheet, interest rates, and FX exposures
• Enhance SFT desk position and risk management tools and processes
• Work closely with the SFT trading and sales teams in the different geographies
• Collaborate closely with middle and back office on settlement and operational issues
• Work with Engineering, Legal, Business Processes, Risk, Middle and Back Office on designing and building SFT infrastructure in BSI or BBVA SA
• Support UST Repo Trading team where possible

Requirements

• In depth SFT product knowledge of Latam Sovereign, EM Credit, and US Credit
• Knowledgeable regarding interest rate swaps, cross-currency swaps, FX spots, FX swaps, NDFs as hedge instruments
• Experience quoting all types of repos, bond forwards, total return swaps using multiple currencies
• Proven risk manager, prudent hedging and trading strategies
• Experience working with Latam Sales and Clients to manage and expand SFT activities
• Minimum 11+ years of work experience in Fixed Income markets, with at least 2 years of experience in SFT / Repo markets
• Strong communication skills and strong leadership skills
• Series 7 and 63
• Technical and analytical
• Experience using Bloomberg, Brokertec, GLMX and other trading platforms.
• Experience with Murex a plus

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 $270,000 to $315,000. 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 position