Job Description

We are looking for a Senior Trader to join the Financial Resources Management (FRM) desk within Global Markets, with primary responsibility for Collateral Management and Optimization and additional responsibilities across Initial Margin, Balance Sheet (B/S), Capital and Liquidity optimization.

The role combines trading expertise, quantitative capabilities and a strong understanding of financial resources to optimize the use of collateral, B/S and capital across Global Markets.

Key Responsibilities

• Collateral Management & Optimization: Manage the daily collateral inventory and optimization framework, including repo activity and the efficient allocation of collateral across Global Markets.
• Initial Margin Optimization: Develop and manage IM optimization solutions for cleared derivatives, identifying and executing portfolio optimization opportunities in the interdealer market.
• Capital, Liquidity & B/S: Apply internal capital, liquidity and B/S methodologies to pricing, funding, hedging and trading decisions, including RWA, LCR, NSFR, ColVA, repo netting and balance-sheet allocation.
• Methodology & Implementation: Develop and enhance financial-resource optimization methodologies and support their implementation across Global Markets

Candidate Requirements

• Academic background: Degree in a quantitative or technical discipline: Mathematics, Engineering, Physics or a related field.
• Trading experience: Relevant experience in Global Markets, in trading roles related to collateral, repo, funding / liquidity or FRM.
• Collateral & Repo: Strong knowledge of collateral management, optimization and repo markets, including the interaction between collateral allocation, funding and balance-sheet usage.
• Capital, Liquidity & B/S: Solid understanding of RWA, capital pricing, LCR, NSFR, liquidity gaps, ColVA and balance-sheet optimization, and their impact on transaction and portfolio economics.
• Regulation: understanding and implementation of financial regulation, specifically CRR and EMIR
• Trading Systems: Knowledge of trading tools, particularly Murex, Calypso and STAR
• Initial Margin: Strong understanding of interest-rate derivatives, central clearing and Initial Margin, together with the technical capability to develop and implement IM optimization solutions.
• Quantitative & Technical Skills: Strong analytical capabilities and experience developing tools, models or data-driven optimization solutions.
• Programming skills and experience working with complex financial datasets are highly valued.
• Senior Profile: Ability to independently make and support trading and optimization decisions, lead initiatives and interact effectively with a variety of internal teams and desks.
• 3-4 years of experience
• SIE, Series 7 or the ability to obtain within six months

With respect to this position in our New York Office, the expected base salary ranges from $120,000 to $130,000. 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