FRM Trader Associate

BBVA; New York (NY); On-site; USD 120,000 - 130,000; Full time

Job summary

BBVA in New York seeks a Senior Trader for the Financial Resources Management desk in Global Markets, focusing on collateral management and optimization with cross-functional responsibilities in Initial Margin, balance sheet, capital and liquidity optimization.

The role combines trading, quantitative skills and deep knowledge of collateral usage to optimize resources across Global Markets. Candidates should have 3–4 years of experience and relevant licenses.

Qualifications

• Degree in a quantitative or technical discipline such as Mathematics, Engineering or Physics.
• Experience in Global Markets trading related to collateral, repo, funding or FRM.
• Strong knowledge of collateral management, optimization and repo markets.
• Solid understanding of RWA, capital pricing, LCR, NSFR and balance-sheet optimization.
• Understanding of CRR and EMIR regulations; familiarity with trading tools.

Responsibilities

• Manage daily collateral inventory and optimization framework, including repo activity.
• Develop and manage Initial Margin optimization for cleared derivatives.
• Apply capital, liquidity and balance-sheet methodologies to pricing, funding and trading decisions.
• Develop and enhance financial-resource optimization methodologies and support implementation.

Skills

Quantitative

Trading

Collateral

Repo

IM Optimization

Capital

Regulation

Murex

Calypso

STAR

Programming

Data Skills

Education

Quantitative degree (Math/Engineering/Physics)

Tools

Murex

Calypso

STAR

Job description

We are looking for a Senior Trader to join the Financial Resources Management (FRM) desk within Global Markets, with primary responsibility for Collateral Management and Optimization and additional responsibilities across Initial Margin, Balance Sheet (B/S), Capital and Liquidity optimization.

The role combines trading expertise, quantitative capabilities and a strong understanding of financial resources to optimize the use of collateral, B/S and capital across Global Markets.

Key Responsibilities

• Collateral Management & Optimization: Manage the daily collateral inventory and optimization framework, including repo activity and the efficient allocation of collateral across Global Markets.
• Initial Margin Optimization: Develop and manage IM optimization solutions for cleared derivatives, identifying and executing portfolio optimization opportunities in the interdealer market.
• Capital, Liquidity & B/S: Apply internal capital, liquidity and B/S methodologies to pricing, funding, hedging and trading decisions, including RWA, LCR, NSFR, ColVA, repo netting and balance-sheet allocation.
• Methodology & Implementation: Develop and enhance financial-resource optimization methodologies and support their implementation across Global Markets

Candidate Requirements

• Academic background: Degree in a quantitative or technical discipline: Mathematics, Engineering, Physics or a related field.
• Trading experience: Relevant experience in Global Markets, in trading roles related to collateral, repo, funding / liquidity or FRM.
• Collateral & Repo: Strong knowledge of collateral management, optimization and repo markets, including the interaction between collateral allocation, funding and balance-sheet usage.
• Capital, Liquidity & B/S: Solid understanding of RWA, capital pricing, LCR, NSFR, liquidity gaps, ColVA and balance-sheet optimization, and their impact on transaction and portfolio economics.
• Regulation: understanding and implementation of financial regulation, specifically CRR and EMIR
• Trading Systems: Knowledge of trading tools, particularly Murex, Calypso and STAR
• Initial Margin: Strong understanding of interest-rate derivatives, central clearing and Initial Margin, together with the technical capability to develop and implement IM optimization solutions.
• Quantitative & Technical Skills: Strong analytical capabilities and experience developing tools, models or data-driven optimization solutions.
• Programming skills and experience working with complex financial datasets are highly valued.
• Senior Profile: Ability to independently make and support trading and optimization decisions, lead initiatives and interact effectively with a variety of internal teams and desks.
• 3-4 years of experience
• SIE, Series 7 or the ability to obtain within six months

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 $120,000 to $130,000. 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