Interest Rates Swaps Trader VP

Overview

We are seeking a driven professional to join our NY Interest Rates Swaps desk. This is a hybrid trading role requiring a candidate who can actively manage the daily flow, quote clients, and manage book risk, while simultaneously leveraging quantitative skills to maintain and enhance our electronic trading infrastructure.

• Actively price and execute trades for clients across various channels (Voice and Electronic), ensuring competitive quoting and efficient execution.
• Manage the daily trading book, including P&L tracking, position reconciliation, and "end-of-day" marking.
• Monitor real-time risk exposure and execute hedging strategies using Treasury bonds and futures, swaps, and other derivatives.
• Interact directly with sales teams and clients to provide market color, trade ideas, and liquidity.
• Track market activities; understand and evaluate new developments in the market and report on potential impact on business/position.
• Execute trades consistent with the overall strategy of the desk, ensuring all policies, procedures, and limits are properly observed.
• Build, develop, and manage the pricing and hedging processes of the electronic trading franchise.
• Collaborate with the other desks on new models of asset pricing, market activity.
• Lead the other support team to meet deliverables and drive new initiatives.
• Take ownership of complex risk parameters and strategic model adjustments with minimal supervision.
• Provide guidance and mentoring to analysts and less experienced members of the team.
• Represent the desk in internal discussions with key stakeholders.

• Ability to interpret macro-economic drivers affecting interest rates and translate them into trading strategies.
• Ability to make quick, informed decisions in a fast-paced market environment.
• Strong technical skills for statistical/econometric analysis and manipulating large datasets (Python, R, or C++).
• Experience partnering with technology to develop and architect low-latency infrastructure.
• Strong communication skills both verbally and in writing.

Required:

• Bachelor's degree in a quantitative discipline such as Engineering, Statistics, Mathematics, or Physics or Finance/Economics.
• Minimum 5years of relevant trading experience with a proven track record of P&L generation and/or system architecture ownership.
• Proficiency with Bloomberg, Excel and Murex.
• Familiarity with ION/Trading platforms.
• Good understanding of Spanish.

• Preferred: Series 7 and 63

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 $180,000 to $215,000. 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