Credit Repo Trader SVP

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:

Credit SFT Trader VP to Executive Director

Responsible for managing, building and expanding the Credit SFT businesses for BSI and BBVA SA

Responsibilities:

• Grow BBVA’s Credit SFT client business with the existing product offering
• Develop new business by either expanding existing product capabilities or adding new products.
• The current offering includes different types of
• Collateral: US Credit, Latam Sovereign, Latam Credit
• Payoffs: fixed, floating, open
• Currencies: USD, EUR, COP, CLP, MXN, etc.
• Settlement: bilateral or triparty
• Work closely with the SFT trading and sales teams in the different geographies
• Manage Credit SFT positions and risks: liquidity, balance sheet, rates, currency, credit, etc.
• 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
• Help cover shorts and lend out long positions of the Secondary Credit Desk
• Train a junior members of the team

Requirements

• In depth product knowledge of US Credit and/or Latam Sovereign and/or Latam Credit collateral
• 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
• Strong communication skills and strong leadership skills
• Technical and analytical
• Minimum 7 years of work experience in the repo market
• Fluent in English, Spanish desirable
• Series 7 and 63

Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions.

With respect to this position in our New York Office, the expected base salary ranges from $200,000 to $275,000. 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.

*This is an indication of interest only; to see most current available roles, please visit the BBVA career site.

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.

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.