FX & STIR Trader Analyst

Position Overview:

Assist in providing deliverable FX forwards and non-deliverable FX forwards derivatives pricing. Assist in providing pricing for the Short Term Interest Rates derivatives. Providing derivatives pricing and service to internal / external clients, quoting clients and other desks requests and carrying out the necessary hedging from this activity. The scope will be any FX Forward and Interest Rate derivative out to three years.

Scope of Responsibility:

Client Profiles:

Financial Institutions

Banks

Corporates and small caps

Products/Services Portfolio:

IRS, CCY, Basis, FX Forwards

Major Job Duties:

Collaborate with the FX Forwards & STIR Trading Desk Manager to meet internal and external customer needs/demands and complying with the risk and regulatory requirements

Give counterparty service in FX forward and Rates derivatives to client’s requests submitted by the Sales team. Quote bid/ offer prices, focusing on increasing the flow of orders by promoting the excellence in the service offered to the clients. Manage the FX e-pricing via e-Platforms, making sure that the published rates are competitive. Manage publication of US interest rate pricing via e-Platforms

Provide trading ideas to be used as a sales tool and as a P&L generator within the FX and Rates product lines

Perform dynamic hedging of the risk of his/ her own market positions. Focus on breaking and covering the risks in coordination with other trading desks. Maintain the risks within the acceptable/ allowed risk limits

Monitor the market continuously, being in permanent contact with other market participants/ counterparties. Focus on adjusting and updating the trading parameters of his/ her valuating models to the market risks and conditions

Register all trades/ transactions in BBVA internal applications. Assist middle and back office in the transactions’ settlement, in order to minimize operational risk and/ or solve incidences. Verify the orders’ compliance and control in case of contingency, system failure and incidences

Carry out the daily closing processes, verifying that the book risks are covered and the positions are correctly informed in the internal systems

Collaborate with FX and Long Term Rates department trying to internalize flows

Collaborate with the BBVA Finance Division in managing short term cash/ liquidity positions

Update the Short term rates derivatives parameters in the databases that are used by all Global Market traders in pricing

Liaise with other STIR desks to coordinate the hedging and share market and clients’ needs knowledge. Promote the generation of synergies in the in the global STIR pricing and hedging strategy

Collaborate closely with the FX E-Commerce and IT teams in order to improve BBVA FX platform capabilities. Support in identifying areas for improvements, business opportunities, etc.

Collaborate with Quants and Structuring teams to develop valuation models and structured STIR products, respectively

Comply with both internal and external operational policies, procedures and regulatory requirements

Generate recurrent income complying with the budget and the hit/ miss target set for the products/ assets under his/ her responsibility

Report to the STIR Desk Manager on a periodic and ad-hoc basis about main trading indicators such as: closed trades, P&L, positions, etc.

Required qualifications:

Undergraduate degree in a technical field like Mathematics, Engineering, Computer Science, etc.

Programming experience with current technical languages including but not limited to Python, R, VBA and Java

Experience with standard MS Office systems with strong Excel knowledge

Strong communication skills, proven customer relationships, strong leadership skills

Fluent in English

Preferred qualifications:

Advanced degree or post graduate work

Previous finance work experience

Product knowledge of Foreign Exchange and Interest Rates derivatives

Spanish language proficiency

Experience Murex, Bloomberg, and trading platforms

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 $90,000 to $100,000. 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