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.