BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.
Drive the market making and risk hedging strategy for the short/ long term bonds & repo trading activity, contributing to maximize the franchise in the product distribution to clients/ investors. Be responsible for the pricing and risk hedging of the trading desk under his/ her responsibility, with focus on promoting the excellence in the service offered to both internal/ external clients.
Team of 8 traders making markets on EGBs splitted between Madrid and London
About the job:
Define the desk strategy alongside the desk manager focusing on meeting internal and external customers’ needs and complying with the risk and regulatory requirements - Meet internal and external clients needs/ demands.
Give counterparty service in bonds and repos, quote bid/ offer prices + increase the flow of orders.
Perform dynamic hedging of own market positions, breaking and covering the different risks in coordination with other trading desks.
Ensure desk fulfillment with obligations related to primary dealership status.
Oversee support of other Trading desks in covering their trading books risks, promoting the generation of synergies in the global rates hedging strategy.
Supervise desk books´risks, driving the hedging strategy to ensure global risk exposure is balanced.
Monitor the market continuously ensuring that trading parameters of valuing models are according to market risks and conditions.
Supervise desks´daily closing procedures and main trading indicators (P&L, inventory etc.)
Coordinate the update of internal market databases.
Encourage coordination and alignment with other GM desks.
Participate in internal committees when required - Report to in-line manager on a periodic basis.
Academic Degree:
Undergraduate degree
Previous Experience:
3-5yr of experience in market making EGBs.
Qualifications and technical knowledge:
Use of the software required to quote: Bloomberg, Ion or similar
Language skills:
English (fluent)
A good command of Italian will be valued.
Soft skills:
Ability to interact with clients and sales
We are committed to fostering an inclusive and diverse workplace and welcome applications from all qualified candidates. Applicants must have the legal right to work in the UK at the time of application.
Skills:
Customer Targeting, Empathy, Ethics, Innovation, Proactive ThinkingTop Skills
What We Do
At BBVA we are leading the transformation of banking worldwide, united in pursuing our goal of bringing the age of opportunity to everyone. Firmly focused on the future, our on-going digital transformation is already producing disruptive innovations that power our vision of banking.
Every one of our 112,465 employees, from branch staff to senior leaders, plays an essential role in giving our 85 million customers the cutting edge banking solutions that they deserve. Building on 165 years of history we know the importance of constant development, which is why we place so much confidence in the collaborative working environment that enables our people to grow and excel.
If you would like to learn about the culture and opportunities on offer at a company that is leading the way for 21st century banking, head to the ‘Life’ tab to find out more.
