Interest Rates Swaps Trader VP

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.

Role Overview:

We are seeking a driven professional to join our NY Interest Rates Swaps desk. This is a hybrid trading role requiring a candidate who can actively manage the daily flow, quote clients, and manage book risk, while simultaneously leveraging quantitative skills to maintain and enhance our electronic trading infrastructure.

Main Responsibilities:

Primary responsibility includes active market making, pricing client inquiries, managing the intraday risk of the swaps portfolio, and owning the performance/maintenance of the electronic trading strategy.

Responsibilities

• Actively price and execute trades for clients across various channels (Voice and Electronic), ensuring competitive quoting and efficient execution.

• Manage the daily trading book, including P&L tracking, position reconciliation, and "end-of-day" marking.

• Monitor real-time risk exposure and execute hedging strategies using Treasury bonds and futures, swaps, and other derivatives.

• Interact directly with sales teams and clients to provide market color, trade ideas, and liquidity.

• Track market activities; understand and evaluate new developments in the market and report on potential impact on business/position.

• Execute trades consistent with the overall strategy of the desk, ensuring all policies, procedures, and limits are properly observed.

• Build, develop, and manage the pricing and hedging processes of the electronic trading franchise.

• Collaborate with the other desks on new models of asset pricing, market activity

• Lead the other support team to meet deliverables and drive new initiatives.

• Take ownership of complex risk parameters and strategic model adjustments with minimal supervision.

• Provide guidance and mentoring to analysts and less experienced members of the team.

• Represent the desk in internal discussions with key stakeholders.

Skills

• Ability to interpret macro-economic drivers affecting interest rates and translate them into trading strategies.

• Ability to make quick, informed decisions in a fast-paced market environment.

• Strong technical skills for statistical/econometric analysis and manipulating large datasets (Python, R, or C++).

• Experience partnering with technology to develop and architect low-latency infrastructure.

• Strong communication skills both verbally and in writing.

Education/Experience

• Required:

  • Bachelor's degree in a quantitative discipline such as Engineering, Statistics, Mathematics, or Physics or Finance/Economics.

  • Minimum 5 years of relevant trading experience with a proven track record of P&L generation and/or system architecture ownership.

  • Proficiency with Bloomberg, Excel and Murex.

• Desired:

  • Familiarity with ION/Trading platforms.

  • Good understanding of Spanish.

Lic/Cert/Reg

• Preferred: Series 7 and 63

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 $180,000 to $215,000. 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

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.