Responsible for managing, building and expanding the Credit SFT businesses for BSI and BBVA SA
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.
The current offering includes different types of
Collateral: US Credit, Latam Sovereign, Latam Credit
Payoffs: fixed, floating, open
Currencies: USD, EUR, COP, CLP, MXN, etc.
Settlement: bilateral or triparty
Work closely with the SFT trading and sales teams in the different geographies
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
Help cover shorts and lend out long positions of the Secondary Credit Desk
Train a junior members of the team
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
Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions.
With respect to this position in our New York Office, the expected base salary ranges from $200,000 to $275,000. 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.
*This is an indication of interest only; to see most current available roles, please visit the BBVA career site.
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.
Seniority level
Director
Employment type
Full-time
Job function
Sales and Finance
Industries
Banking and Investment Banking
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