Interest Rate Volatility Trader Executive Director

bbva; New York (NY); On-site; USD 250,000 - 300,000; Full time

Benefits offered by this job

Discretionary bonus

Generous benefits package

Job summary

BBVA in New York is seeking a senior professional for the Interest Rate Volatility desk within Global Markets. You will develop strategies, provide price quotes, and manage risk across vanilla and exotic rate derivatives in major currencies.

The role requires a strong technical background, 7+ years pricing and managing interest rate options, and proficiency with Excel, Python, Bloomberg and VBA. A Master’s degree is highly valued and a discretionary bonus is offered.

Qualifications

• Strong academic background in a technical field (Engineering, Mathematics or Physics).
• A Master’s degree is highly valued.
• Minimum of 7 years of experience pricing and managing a portfolio of interest rate options (vanilla and exotics).
• Proficiency with Excel, Python, Bloomberg and VBA.

Responsibilities

• Develop and implement strategies for business growth.
• Act as a counterparty for interest rate volatility products and provide timely price quotations.
• Manage risks in trading books (delta, vega, gamma, theta, vanna, volga).
• Contribute to mathematical models for pricing new payoffs or evolving existing models.
• Coordinate with Sales, Engineering and Quants to foster opportunities.
• Provide training and mentorship to team members.

Skills

Teamwork

Detail-oriented

Analytical thinking

Data-based decision making

Education

Master’s degree preferred

Technical degree in Engineering/Math/Physics

Tools

Excel

Python

Bloomberg

VBA

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:

About the Position

The Interest Rate Volatility desk is an integral part of the Macro group within Global Markets. This desk is responsible for developing products, serving clients, and actively managing the risks associated with all interest rate volatility derivative products in G10 currencies. This includes both plain vanilla and structured instruments.

The individual in this role will be responsible for profitably expanding the client business and continuously enhancing the product offering.

Principal Functions

• Develop and implement strategies for business growth.
• Act as a counterparty for interest rate volatility products for both internal and external clients, providing timely price quotations upon request.
• Manage various risks associated with the trading books, including but not limited to delta, vega, gamma, theta, vanna, and volga.
• Contribute to the development of mathematical models essential for valuing new payoffs integrated into the product catalog or for evolving existing models.
• Facilitate the integration of the Vanilla Vol desk with the Exotics desk.
• Provide training and mentorship to other team members.
• Coordinate with diverse departments across the bank, such as Sales, Engineering, and Quants, to foster existing and cultivate new business opportunities.

Education and Experience

• A strong academic background in a technical field (e.g., Engineering, Mathematics, or Physics) is required.
• A Master’s degree is highly valued.
• A minimum of 7 years of experience in pricing and managing a portfolio of interest rate options both vanilla and exotics, with a demonstrated track record of successfully growing business revenues, is essential.
• Proficiency in commonly used tools such as Excel, Python, Bloomberg, and VBA is expected.

Skills

• Teamwork
• Detail-oriented
• Analytical thinking
• Data-based decision making

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 $250,000 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 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.