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EM and Credit Repo Trader Vice President

BBVA, New York, NY, United States


Responsible for trading, managing, building and expanding the Americas EM & Credit SFT businesses for BSI and BBVA SA

Responsibilities:

-Trade the existing SFT Americas EM & Credit activity which includes:

  • Payoffs: fixed, floating, open
  • Settlement: bilateral or triparty
  • SFT Products - Repo, Securities Lending, TRS, Bond Forward, XCCY, Secured Loans

-Grow SFT Americas EM & Credit businesses by expanding existing product capabilities and by adding new products and clients

-Manage SFT positions and hedge risks including: liquidity, balance sheet, interest rates, and FX exposures

-Enhance SFT desk position and risk management tools and processes

-Work closely with the SFT trading and sales teams in the different geographies

-Collaborate closely with middle and back office on settlement and operational issues

-Work with Engineering, Legal, Business Processes, Risk, Middle and Back Office on designing and building SFT infrastructure in BSI or BBVA SA

-Support UST Repo Trading team where possible

Requirements

  • In depth SFT product knowledge of Latam Sovereign, EM Credit, and US Credit
  • Knowledgeable regarding interest rate swaps, cross-currency swaps, FX spots, FX swaps, NDFs as hedge instruments
  • Experience quoting all types of repos, bond forwards, total return swaps using multiple currencies
  • Proven risk manager, prudent hedging and trading strategies
  • Experience working with Latam Sales and Clients to manage and expand SFT activities
  • Minimum 5 years of work experience in Fixed Income markets, with at least 2 years of experience in SFT / Repo markets
  • Strong communication skills and strong leadership skills
  • Series 7 and 63
  • Technical and analytical
  • Experience using Bloomberg, Brokertec, GLMX and other trading platforms.
  • Experience with Murex a plus

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 $200,000 to $225,000. 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

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