Trading managing director

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:

Lead the definition and implementation of the regional product proposition as part of a global platform strategy. Actively participate in pricing, market making and risk hedging strategy repo trading activity, seeking to maximize the franchise in the product distribution to clients/investors whilst promoting the excellence in the service offered to both internal/ external clients. The mandate also includes the development and implantation of security lending capability. Collaborate with the global head of the desk in defining Repo Flow & non-Flow strategy in the region under his/ her responsibility, focusing on meeting internal and external customers’ needs and complying with the risk and regulatory requirements

Contribute towards and lead execution of the regional strategy, in order to generate recurring income in order to meet the revenues targets that are set each year

Lead the desk coordination, delegating tasks amongst his/ her team based on their product specialization, position and workload. Follow up and supervision of all on-going trading activity, helping in solving problems and bottlenecks as needed

Support the day-to-day market making activity, quoting the most relevant transactions, as required. Manage the approval for operations that exceed given risk limits. Focus on promoting the excellence in the service offered to the clients

Supervise all risk management, remaining compliant within the existing limit structure and also applying best practice, prudent risk mgmt. policies. Risk includes but not limited to; counterparty, market (IR, Currency), funding, operational, conduct and reputational risk

Create a compliance first culture, understanding relevant compliance regulation, deferring to local compliance officers for confirmation, and ensure all clarifications and decisions are appropriately documents

People development, continuously assess the skills and capabilities of the team and actively support their professional development

Responsible for hiring to meet demand as the desk expands and/or there is a requirement to plug skill gaps. Ensure close coordination with HR throughout the process

Encourage the coordination and strategic alignment with other Global Markets desks and internal areas. Foster the collaboration with the Sales desks to set commercial targets for different products and with other Global Rates trading desks in order to mainstream the market knowledge and create synergies in the operations’ profitability and risk management

Assist Finance CIB and Regulation CIB with views on industry topics that affect Bank’s business.

Lead a key role in promoting the bank's positioning within the repo business, meeting external customers and encouraging the innovation and efficiency within the team and stakeholders, with the objective to add value to the customers

Take part in specific working groups and projects. Focus on the analysis of the impact and implications of the markets’ regulatory reforms in the trading tools, valuation models and operating processes

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 $300,000 to $350,000. 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: [email protected] 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.