G10 Rates Product Owner

Reposted 2 Days Ago
Be an Early Applicant
28050, Madrid, Comunidad de Madrid
In-Office
Senior level
Fintech • Information Technology • Financial Services
The Role
Responsible for the product vision, backlog management, stakeholder communication, and delivery validation of interest rate trading products in a financial services firm.
Summary Generated by Built In

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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.

Learn more about the area:
 

The Electronic Trading Solutions division is the functional and technological core of Global Markets Macro Products, overseeing the electronic business with a unique end-to-end vision. As the driving force behind our trading efficiency, we operate on the frontline of financial technology to ensure the competitiveness of our Sales and Trading desks. Our mission extends beyond daily support: we are key product specialists who define the strategy and implementation for high-impact projects, setting the future direction of electronic negotiation.

About the job:

Key Responsibilities:

1. Product Vision and Strategy:

  • Define and coordinate the Product Vision and the Roadmap, ensuring they are aligned with the business strategy for interest rate product trading and distribution.

  • This includes bonds, swaps, inflation derivatives, volatility, cross-currency products, and their combinations, across both voice and electronic channels.

2. Product Backlog Management:

  • Act as the Subject Matter Expert (SME) for Fixed Income and IRD systems, understanding the needs of traders, the sales team (institutional and wholesale sales), while also considering End-to-End needs (Risk, Accounting, Regulation).

  • Monitor and maintain relationships with the venues and vendors that participate in the bond and derivatives markets, staying up-to-date with constant evolutions and product offerings, and incorporating these requirements into the strategy.

  • Be responsible for the management (creation, refinement, prioritization, and maintenance) of the Product Backlog for products and systems.

  • Write clear, concise User Stories with their respective Acceptance Criteria, paying special attention to the logic for pricing, order execution, risk management, and settlement of complex instruments such as interest rate swaps, cross-currencies, inflation swaps, cap/floors, swaptions, futures, and bonds.

  • Prioritize Backlog items to maximize the return on investment (ROI), considering business value, regulatory urgency, and development effort.
     

3. Stakeholder Collaboration and Communication:

  • Establish close collaboration with the Trading and Sales desks, Platform Support, and Technology to understand and articulate their needs.

  • Facilitate communication between the Development Team and stakeholders, translating complex business requirements into understandable specifications and vice versa.

  • Organize quarterly budget requests for project execution.

  • Actively participate in agile ceremonies (Planning, Review, Retrospective), representing the voice of the customer and the business.
     

4. Value Validation and Delivery:

  • Validate the project team's deliverables at the end of each Sprint, ensuring they meet the defined Acceptance Criteria.

  • Ensure that the delivered product is high-quality, functionally accurate (especially in financial calculations), and ready for implementation in a live trading environment.

  • Define, measure, and analyze Key Performance Indicators (KPIs) for the product (e.g., execution speed, pricing latency, regulatory compliance) to report on the value delivered and guide future priorities.

Required Qualifications and Skills:

Technical-Financial Knowledge:

  • Demonstrated experience as a Product Owner, Senior Business Analyst, or similar role in the financial services sector.

  • Previous experience in similar transformation roles at other institutions.

  • At least 8 years of experience in a similar role.

  • In-depth knowledge of capital markets, with specific experience in Fixed Income (Sovereign Bonds) and Interest Rate Derivatives (Swaps, FRAs, Options, Futures).

  • Understanding of front-to-back trading processes, including pre-trade (pricing, risk analysis), execution (OMS/EMS, risk management), and post-trade (confirmation, settlement, regulatory reporting).

  • Familiarity with the main trading systems and market data providers (e.g., ION, Bloomberg, TradeWeb, MarketAxess, Refinitiv, Bondvision, LCH, EUREX, MTS, SENAF, CME, ICE, ….).

  • Fluent in Spanish and English.

Agile and Leadership Skills:

  • Proficiency in Agile methodologies such as Scrum or Kanban.

  • Excellent communication, negotiation, and influencing skills to interact with all levels of the organization.

  • Ability to make firm decisions, prioritize, and manage multiple conflicting interests.

  • Results-oriented mindset focused on the delivery of quantifiable business value.

Skills:

Customer Targeting, Empathy, Ethics, Innovation, Proactive Thinking

Top Skills

Agile Methodologies
Bloomberg
Bondvision
Cme
Eurex
Ice
Ion
Kanban
Lch
Marketaxess
Mts
Refinitiv
Scrum
Senaf
Tradeweb
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The Company
HQ: Bilbao, Vizcaya
87,534 Employees
Year Founded: 1857

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.

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