FX LATAM Options Trader Executive Director

BBVA; New York (NY); On-site; USD 240,000 - 300,000; Full time

Job summary

BBVA USA seeks a senior FX Derivatives specialist in New York to lead counterparty service for internal and external clients. The role covers pricing, hedging, and risk management within the FX Trading Team, focusing on FX Vol EM and G10, and FX Structure Notes for US clients.

You will collaborate with global desks, drive pricing strategies, and ensure compliance with trading mandates while delivering high-quality client service and contributing to the team's P&L.

Qualifications

• 10+ years in a Financial Markets role; quantitative mindset preferred.
• Engineering or Economics degree; bilingual English/Spanish preferred.

Responsibilities

• Collaborate with Top Management to define desk strategy.
• Provide counterparty service in FX derivatives for Sales-driven requests.
• Quote prices to increase order flow and client service quality.
• Manage FX e-pricing and ensure competitive rates.
• Provide trading ideas and contribute to P&L generation.
• Dynamic hedging of market risks and positions.
• Coordinate with other desks to manage risk and hedging.
• Register trades in BBVA systems and support settlement.

Skills

FX trading

Risk management

Pricing

Hedging

Market analysis

Team leadership

Regulatory compliance

Communication

English

Spanish

Education

Engineering/Economics degree

Tools

FX e-pricing platforms

BBVA internal apps

Trading platforms

Risk systems

Job description

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:

Position Overview We are looking for a candidate to provide FX Derivatives counterparty service to internal/external clients, quoting clients and other desks requests and carrying out the necessary hedging from this activity. Be responsible for the pricing and risk hedging of the assets under his/ her responsibility, complying within the Traders Mandate. The position will be located in NY, inside the FX Trading Team. The three main areas to cover: To manage FX Vol EM. To manage FX Vol G10. FX Structure Notes for US Clients.

About the Team

The FX Trading Team is inside Global Market, which belongs to Corporate and Investment Banking, serving clients worldwide offering financial services to Corporates and Institutional. Global FX team is over 100 people team worldwide, within more than 15 different nationalities operating in round 10 different countries, where The Bank Values play a key role in all interactions beneath their members. Major Job Duties:

Major Job Duties

• Collaborate with the Top Management defining the desk strategy, focusing on meeting internal and external customer needs/demands and complying with the risk and regulatory requirements.
• Give counterparty service in FX derivatives to client’s requests submitted by the Sales team.
• Quote prices, focusing on increasing the flow of orders by promoting the excellence in the service offered to the clients.
• Manage the FX e‑pricing (via e‑Platforms), making sure that the published rates are competitive.
• Provide trading ideas to be used as a sales tool and as a P&L generator within the FX product line.
• Perform dynamic hedging of the risk of his/ her own market positions.
• Focus on breaking and covering the risks in coordination with other trading desks.
• Maintain the risks within the acceptable/ allowed risk limits.
• Monitor the FX market continuously, being in permanent contact with other market participants/ counterparties.
• Focus on adjusting and updating the trading parameters of his/ her valuating models to the market risks and conditions.
• Register all trades/ transactions in BBVA internal applications.
• Assist middle and back office in the transactions’ settlement, in order to minimize operational risk and/ or solve incidences.
• Verify the orders’ compliance and control in case of contingency, system failure and incidences.
• Carry out the daily closing processes, verifying that the book risks are covered and the positions are correctly informed in the internal systems.
• Liaise with other FX Trading desks to coordinate the hedging and share market and clients’ needs knowledge.
• Promote the generation of synergies in the in the global FX pricing and hedging strategy.
• Vol Books are Global Books, coordination with the rest of Derivatives Traders from Madrid, London, HK and Mexico is key for the success of the mandate.
• Collaborate with the FX E‑Commerce team in order to improve BBVA FX platform capabilities.
• Support in the development and commercialization of new FX tools and platforms.
• Collaborate with Quants and Structuring teams to develop valuation models and structured FX products.
• Comply with both internal and external operational policies, procedures and regulatory requirements.
• Generate recurrent income complying with the budget and the hit/ miss target set for the products/ assets under his/ her responsibility, under the Mandates Risk Limits.
• Managing the FX Trading team in NY, reporting to FX Global Heads and local head of Macro on a periodic and ad-hoc basis about main trading indicators such as closed trades, P&L, positions, etc.

Experience

Experience, at least 10 years in a Financial Markets role needed. Experience in managing Volatility products. University Degree, preference for Engineering or Economics, quantitative analysis preferable. High English & Spanish proficiency Level, due to the majority of our customer data base & Hubs languages.

Aptitude

We are looking for an Energy person, who might be able to generate a positive Teamwork environment. Tension, Analytics and Data Decision Driven are 3 adjectives that could define an FX Trading ecosystem, where the candidate might feel comfortable dealing with any of those. Focus in new technologies and analytic mind‑set, both skills would be in the person benefit of successfully manage her/himself inside the Area.

Salary

With respect to this position in our New York Office, the expected base salary ranges from $240,000 to $300,000. 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

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*. *The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.

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.

Company Culture

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!