Repo Trading Executive

5 days ago


New York, New York, United States BBVA Full time
Credit SFT Trader VP to Executive Director Position:
Company Overview:
BBVA is a global financial institution with a rich history spanning over 160 years. We operate in more than 25 countries, serving over 80 million customers worldwide. Our team of professionals works together to provide innovative financial solutions that meet the needs of individuals, businesses, and institutions.

The Role:
We are seeking a skilled Repo Trading Executive to join our team in New York. As a key member of our Credit SFT trading team, you will be responsible for managing, building, and expanding our Credit SFT businesses for BSI and BBVA SA. You will work closely with our sales and trading teams to grow BBVA's Credit SFT client business using our existing product offering, develop new business by either expanding existing product capabilities or adding new products, manage Credit SFT positions and risks, collaborate with middle and back office on settlement and operational issues, and work with Engineering, Legal, Business Processes, Risk, Middle and Back Office on designing and building SFT infrastructure in BSI or BBVA SA.

Key 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
  • 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
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
Salary Range:$225,000 - $300,000 per year

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