BTP Trader

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: