Interest Rates Swaps Trader VP

BBVA•New York, NY

14d•Hybrid

About The Position

Role 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.

Requirements

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

Nice To Haves

Familiarity with ION/Trading platforms.
Good understanding of Spanish.

Responsibilities

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.