FRM Trader Associate

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

Job summary

BBVA USA is seeking a Senior Trader for the Global Markets Financial Resources Management (FRM) desk in New York. The role focuses on collateral management and optimization, Initial Margin, and balance-sheet/ capital optimization across trading activities.

The candidate should have a quantitative background, be capable of independent decision-making, and have experience in collateral markets, FRM, and related regulatory frameworks. A discretionary bonus is standard alongside base salary.

Qualifications

• Degree in a quantitative or technical discipline (Math, Engineering, Physics or related).
• Strong analytical capabilities and experience developing tools or data-driven optimization solutions.
• Programming skills and experience with complex financial datasets valued.

Responsibilities

• Collateral Management & Optimization: manage daily collateral inventory and optimization framework.
• Initial Margin Optimization: develop IM optimization solutions for cleared derivatives.
• Capital, Liquidity & B/S: apply capital, liquidity and balance-sheet methodologies to pricing, funding, hedging and trading decisions.
• Methodology & Implementation: develop and enhance financial-resource optimization methodologies across Global Markets.

Education

Mathematics/Engineering/Physics degree

Tools

Murex

Calypso

STAR

Job description

About the job:

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.

Compensation

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.

Legal requirements

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.

Pay Transparency Policy Statement

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)).

Individuals with Disabilities

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*.

EEO Statement

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.

Mission Statement

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!