Job Description

The Rates Trader will be responsible for pricing and hedging client trades, as well as, implement asset-liability and risk management strategies. Products involved include Interest Rate, FX, XVA and Equity products.

Responsibilities

Track market activities; understand and evaluate new developments in the market and report on potential impact on business/position.
Develop and execute trading strategies. Conduct analysis and execute trades consistent with overall strategy of the desk, ensuring all policies, procedures and limits are properly observed.
Lead team discussions offering insights and opinions; represent the desk in internal discussions with key stakeholders.
Develop and build strong relationships with internal and external counterparts through active engagement.
Conduct regular discussions with dealer community, to ensure they understand BBVA Compass’ business priorities. Represent the company at both presentations and one-on-one meetings with external counterparts, including broker/dealers and customers/investors.
Use internal valuation and risk models to assist with analysis.
Demonstrate proficiency with market data sources
Contribute to the process of model and technology improvement across various analytic and database tools.
Provide guidance and leadership to less experienced members of the team.
Identify opportunities to enhance our business practices/strategy through adapting to the market changes and make recommendations to management to enhance strategy.
Monitor balances of several currencies
Pricing of Interest Rate Derivatives and hedging for the foreign currency loans activity with clients.
Participate in several projects proving input and testing systems
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Education/Experience

Bachelor's degree in a quantitative or analytic discipline is required with a minimum of five (5) years of experience with derivatives pricing and market risk management. Work experience may substitute for education requirement.
Must have regulatory knowledge.
Must be familiar with Murex, STAR, Bloomberg, Tradeweb, Markitwire and MS Excel.
Must be bilingual in English/Spanish.

Lic/Cert/Reg

Required: None required
Preferred: None preferred
Note: This job has multiple levels (i.e. I, II, III, etc.). The posted job description includes the qualifications associated with the entry level position. If hired, you may be placed at a level above the entry level position. The level of placement will be based on experience, education and skills.

Benefits Statement

Benefits: A variety of health and welfare and other benefit programs are available, including medical, dental, vision, Wellness Program, Personal Savings Plan (401K), Health Savings Account, Flexible Spending Account, accident benefits, critical illness, hospital indemnity, life insurance, disability benefits, paid vacation & holidays, paid leave programs, tuition assistance programs, pet insurance and more.

Legal requirements

Pay Transparency Policy Statement

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).

Individuals with Disabilities

BBVA USA invites all interested and qualified applicants to apply for employment opportunities. If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing: disabilityaccessjobs.us@bbva.com or by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.

*The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.