IG Flow Credit Trader

BBVA SECURITIES NEW YORK; New York (NY); On-site; USD 100,000 - 110,000; Full time

Job summary

BBVA Securities New York seeks an experienced Secondary Investment Grade Credit Trader for the Corporate Credit Trading team. You will market and trade investment grade bonds in Industrial or Financial sectors, manage risk, and support client flow with sales and research partners.

The role requires 2+ years on an IG credit trading desk, strong analytical skills, and proficiency with electronic platforms. NY office with discretionary bonus potential.

Qualifications

• 2+ years of experience trading investment grade corporate credit at a leading institution.
• Strong knowledge of corporate bond markets, market structure, and fixed income products.
• Experience in risk management and making markets in secondary corporate bonds.
• Understanding of credit analysis, spread products, duration, curve positioning, and relative value trading.
• Excellent quantitative and analytical skills with strong attention to detail.
• Ability to make sound decisions under pressure in a fast-paced trading environment.
• Outstanding verbal and written communication skills.
• Proven ability to collaborate across trading, sales, research, and banking teams.
• FINRA SIE, Series 7 and 63 licenses required (or willingness to obtain within 6 months).

Responsibilities

• Make competitive two-way markets in investment grade corporate bonds across Industrial or Financial sector.
• Manage inventory, market risk, and capital within risk framework.
• Develop and execute relative value trading strategies across issuers, sectors, maturities, and the credit curve.
• Partner with institutional sales to provide market color, ideas, and execution support.
• Build and maintain relationships with asset managers, pension funds, insurers, and other institutional investors.
• Monitor primary issuance and market activity to identify valuation-impacting events.
• Analyze issuer fundamentals, sector trends, and market positioning for opportunities.
• Collaborate with research, syndicate, banking, and quantitative teams to support pricing and performance.
• Utilize electronic trading platforms and data analytics to optimize execution and market-making.
• Ensure compliance with regulatory requirements and internal policies.
• Contribute to process improvements and trading tool development.
• Mentor junior team members and foster a high-performance trading culture.

Skills

Analytical skills

Risk management

Client service

Team collaboration

Communication skills

Education

Bachelor's degree in Finance or related quantitative discipline

Tools

Bloomberg

Tradeweb

MarketAxess

TruMid

Python

SQL

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 Summary

We are seeking an experienced Secondary Investment Grade Credit Trader to join our Corporate Credit Trading team. The successful candidate will focus on Industrial or Financial sectors, managing market risk, providing liquidity to institutional clients, and contributing to the growth of our franchise. This role is ideal for a motivated trader with 2–6 years of experience on an investment grade credit trading desk at a leading financial institution. The individual will work closely with institutional sales, research, syndicate, and banking teams to deliver market insight, execute client flow, and identify relative value opportunities across the investment grade universe. The position offers significant responsibility within a collaborative trading environment where disciplined risk management, strong analytical skills, and exceptional client service are highly valued.

Major Responsibilities

• Make competitive two-way markets in investment grade corporate bonds across Industrial or Financial sector
• Manage inventory, market risk, and capital efficiently while adhering to the firm's risk management framework.
• Develop and execute relative value trading strategies across issuers, sectors, maturities, and the credit curve.
• Partner with institutional sales to provide timely market color, trade ideas, and execution support for clients.
• Build and maintain strong relationships with asset managers, insurance companies, pension funds, hedge funds, and other institutional investors.
• Monitor primary issuance, secondary market activity, macroeconomic developments, and company-specific events that may impact valuations.
• Analyze issuer fundamentals, sector trends, technicals, and market positioning to identify trading opportunities.
• Collaborate with research, syndicate, banking, and quantitative teams to support new issue pricing, secondary market performance, and client engagement.
• Utilize electronic trading platforms and data analytics to optimize execution and enhance market-making capabilities.
• Ensure all trading activities comply with regulatory requirements, internal policies, and best execution standards.
• Contribute to process improvements, automation initiatives, and the development of trading tools that enhance desk efficiency.
• Mentor junior team members and contribute to a collaborative, high-performance trading culture.

Candidate Requirements

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related quantitative discipline.
• 2+ years of experience trading investment grade corporate credit at a major investment bank or broker-dealer.
• Strong knowledge of corporate bond markets, market structure, and fixed income products.
• Demonstrated experience managing trading risk and making markets in secondary corporate bonds.
• Solid understanding of credit analysis, spread products, duration, curve positioning, and relative value trading.
• Excellent quantitative and analytical skills with strong attention to detail.
• Ability to make sound decisions under pressure in a fast-paced trading environment.
• Outstanding verbal and written communication skills.
• Proven ability to work collaboratively across trading, sales, research, and banking teams.
• FINRA SIE, Series 7 and 63 licenses required (or willing to obtain within 6 months of hire).

Preferred Qualifications

• Familiarity with Bloomberg, Tradeweb, MarketAxess, TruMid and other electronic fixed income trading platforms.
• Experience using Bloomberg Excel APIs, BQL, Python, SQL, or other analytical tools to improve trading workflows.
• Strong understanding of TRACE data, electronic market structure, and portfolio trading.

Key Attributes

• Sound judgment and disciplined risk management.
• Intellectual curiosity and a passion for financial markets.
• Strong commercial instincts and a client-focused mindset.
• A collaborative approach with the ability to influence across functions.
• Initiative in identifying opportunities to improve trading performance and operational efficiency.
• High integrity, professionalism, and accountability.

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 $100,000 to $110,000.

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 position 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)).

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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.

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