FRM Trader Associate

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

Job summary

BBVA is seeking a Senior Trader for the FRM desk in New York to optimize collateral use and capital allocation within Global Markets. The role combines trading, quantitative analysis, and regulatory knowledge to enhance efficiency across collateral, initial margin, and balance-sheet decisions.

Applicants should have 3–4 years of Global Markets experience, strong knowledge of collateral/repo markets, and familiarity with CRR/EMIR regulations.

Qualifications

• Degree in a quantitative or technical discipline.
• 3–4 years of FRM/trading experience in Global Markets.
• Knowledge of collateral management, repo markets, and capital optimization.
• Understanding of CRR and EMIR regulations.

Responsibilities

• Collateral management and optimization across Global Markets.
• Develop Initial Margin optimization solutions for cleared derivatives.
• Apply capital, liquidity and balance-sheet methodologies to pricing and trading decisions.
• Support implementation of optimization methodologies across Global Markets.

Skills

Quantitative & Technical Skills

Programming skills

Analytical abilities

Education

Degree in Mathematics/Engineering/Physics or related

Tools

Murex

Calypso

STAR

Job description

## FRM Trader AssociateApply: On Site: New York: Full time: Posted Today: End Date: December 31, 2026 (30+ days left to apply): JR00105753# **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:****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