Corporate​/Flow Equity Derivative Trader Executive Director

-Collaborate with the Trading Manager (Country/Region) in defining the desk strategy, focusing on meeting internal and external customers’ needs and complying with the risk and regulatory requirements

- Support unit traders in giving counter party service in to client’s requests submitted by the Sales team, collaborating closely in offering tailor-made as well as plain vanilla derivatives adapted to clients’ needs. Quote complex transactions in terms of risk, managing the proper approvals for operations that exceed given risk limits. Promote the excellence in the service offered to the clients

- Supervise the Trading Flow desk book’s aggregate hedging, driving the hedging strategy to ensure that the desk global risk exposure is balanced and maintaining the risks within the acceptable/ allowed limits - Monitor the market continuously, ensuring that the trading parameters of the valuation models that manage the unit traders are aligned to market conditions

- Supervise the desk daily closing processes, tracking the desk activity and main trading indicators (positions, greeks, market parameters , hit/ miss, leverage, etc.). Assist traders in explaining the P&L deviation (if any) and with trade reconciliation and/ or discrepancies

- Lead the desk coordination, delegating tasks amongst his/ her team based on their product specialization, seniority and workload. Follow up and supervision of all on-going trading activity

- Coordinate the update of the unit´s product parameters in the databases to be used by all Global Market traders in pricing. Collaborate with other Equity Trading desks in updating the product trading handbook, framework and pricing rules documentation

- Generate recurrent income, complying with the hit/ miss target set for the trading desk under his/ her responsibility. Monitor the the Trading Flow EQ unit desk results

- Liaise alongside with other Trading desks in order to mainstream the product market knowledge and generate trading synergies in the operations’ profitability and risk

- Encourage the coordination with the Structuring teams to develop and structure EQ derivatives products tailored to clients’ needs

- Drive the development of new valuation models together with Quants, focusing on calibrating and understanding the model performance

- Coordinate and monitor the approval and definition of contracts for new underlying/ products with Risks and Legal units respectively. Assist Quants in requesting the risk approval to new valuation models

- Ensure that the desk activity comply with both internal and external operational policies, procedures and regulatory requirements. Coordinate with Policies & Procedures CIB for the operating procedures update and support Internal Control CIB in monitoring the compliance with the established trading framework

-Introduce the Trading Flow trading activity (procedures, systems, market position, etc.) to both internal and external clients

- Participate in the strategic and pipeline committees of the Global Product units

-SIE, the series 7, series 63, and the series 57

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 $200,000 to $225,000. 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