Executive Director – US Macro Strategist, Fixed Income

BBVA; New York (NY); On-site; USD 230,000 - 280,000; Full time

Benefits offered by this job

Discretionary bonus

Generous benefits package

Job summary

BBVA in New York seeks an experienced US Macro Strategist to lead the development and communication of actionable macro views and fixed income strategies, with a primary focus on US rates and Treasury markets. Strong US Credit experience is a plus.

The role requires deep macro expertise, quantitative prowess, and the ability to translate macro analysis into differentiated market insights and trade ideas for institutional clients.

Qualifications

• 10–15+ years of relevant experience in US macro research or related roles.
• Bachelor’s degree in Economics, Finance, Mathematics, Engineering, or related field; Master’s/PhD/CFA preferred.
• Strong understanding of fixed income products and ability to translate macro analysis into trading ideas.
• Strong quantitative and analytical skills with experience in financial modeling and yield curve analysis.
• Excellent written and verbal communication; experience presenting to institutional clients.
• Proficiency in Bloomberg, Python, R, or other quantitative research tools.
• SIE, Series 7, and Series 63 required.

Responsibilities

• Develop and maintain the US macro view; analyze Fed policy and market expectations for rates, yield curves, and valuations.
• Evaluate impact of US fiscal policy, Treasury issuance, refunding, financing needs, and capital flows on rates markets.
• Formulate actionable investment and trading ideas, develop directional, relative-value and curve strategies.
• Develop scenario analyses and risk/reward frameworks; contribute to cross-asset research with FX, credit, equities and macro markets.
• Serve as senior macro and fixed income expert for institutional and major corporate clients; partner with Fixed Income Sales and Trading to identify opportunities and deliver research.

Skills

Macro research

Fixed income

Quantitative analysis

Communication

Education

Bachelor’s degree in Economics/Finance/Math/Engineering

Master’s/PhD/CFA designation preferred

Tools

Bloomberg

Python

R

Job description

We are seeking an experienced and commercially driven US Macro Strategist to lead the development and communication of actionable macro views and fixed income investment strategies, focusing primarily on US rates and Treasury markets. US Credit experience is a plus.

The successful candidate will combine deep macroeconomic expertise, strong quantitative and market analytical capabilities, and a thorough understanding of fixed income instruments to deliver differentiated market insights and trade recommendations.

Key Responsibilities

• Develop and maintain a comprehensive view of the US macro outlook, analyze Fed policy and market expectations to assess implications for rates, yield curves, and fixed income valuations.
• Evaluate the impact of US fiscal policy, Treasury issuance, refunding, government financing requirements, and global capital flows on US rates markets. Identify structural trends, and potential market dislocations.
• Formulate actionable investment and trading ideas, develop directional, relative-value, and curve strategies, and analyze term premiums, market liquidity, positioning and supply-demand dynamics.
• Develop scenario analyses and risk/reward frameworks. Contribute to cross-asset research initiatives, connecting US rates developments with FX, credit, equities, and global macro markets.
• Act as a senior macro and fixed income strategy expert for institutional and major corporate clients, helping to shape the firm's broader macroeconomic and market outlook. Partner closely with Fixed Income Sales and Trading to identify client opportunities and deliver commercially relevant research.

Qualifications & Experience

• 10–15+ years of relevant experience in US macro research, sell-side fixed income strategy, rates trading, or a closely related role within an investment bank, asset manager, hedge fund, or financial institution.
• Bachelor's degree in Economics, Finance, Mathematics, Engineering, or a related discipline. Master's degree, PhD, or CFA designation preferred.
• Strong understanding of fixed income products, proven ability to develop differentiated market views and translate macro analysis into actionable trade recommendations.
• Strong quantitative and analytical skills, including experience with financial modeling, yield curve analysis, and fixed income valuation.
• Excellent written and verbal communication skills, with experience presenting to institutional, corporate clients and internal stakeholders.
• Proficiency in Bloomberg, Python, R, or other quantitative research tools.
• SIE, Series 7, and Series 63 required

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 $230,000 to $280,000. 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