FX Options 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 121000 professionals working in multidisciplinary teams with profiles as diverse as financiers legal experts data scientists developers engineers and designers.

The position is inside the Global FX Trading Team and more specific inside the FX Global Vol Team. This Team is inside the Global Market Unit.

About the job:

Role Overview

As an Executive Director within our Global FX team you will play a pivotal role in driving the growth and sophistication of our derivatives business. You will be responsible for the pricing risk management and strategic hedging of FX assets ensuring excellence in counterparty service for both internal and external global clients. This senior position requires a high-energy leader who can navigate complex market ecosystems while fostering a collaborative data-driven environment.

Main Tasks & Responsibilities

Market Leadership & Strategy

• Strategic Portfolio Management: Oversee and manage global books across FX Vol EM FX Vol G10 and FX Structured Notes for European clients.

• Desk Evolution: Collaborate directly with the FX Trading Desk Manager to define and execute desk strategies that meet evolving customer demands and regulatory requirements.

• Performance Excellence: Generate recurrent income in alignment with budget targets while maintaining strict adherence to Mandates Risk Limits.
  

Pricing & Execution

• Market Making: Provide high-tier counterparty service by quoting competitive prices on FX derivatives and managing e-pricing platforms to ensure market leadership.

• Dynamic Hedging: Execute sophisticated hedging strategies for market positions coordinating with other trading desks to break and cover risks effectively.

• Innovation: Provide actionable trading ideas to the Sales team to serve as P&L generators and client engagement tools.
  

Collaboration & Global Synergy

• Global Coordination: Act as a key link between Derivatives Traders in Madrid Hong Kong and Mexico to ensure success across global mandates.

• Product Development: Partner with Quants and Structuring teams to engineer valuation models and innovative structured FX products.

• Platform Enhancement: Collaborate with FX E-Commerce teams to refine and commercialize proprietary FX platform capabilities.
  

Operational Integrity

• Risk Oversight: Monitor FX markets continuously and maintain risks within allowed limits ensuring all transactions are accurately registered in internal systems.

• Compliance: Verify order compliance and manage daily closing processes to ensure positions are correctly reflected and operational risks are minimized.

• Reporting: Deliver periodic and ad-hoc reports to Global Heads regarding P&L positions and key trading indicators.
  

Experience & Education

• Proven Track Record: At least 5 years of professional experience in a Financial Markets role specifically managing volatility products.

• Academic Excellence: A University Degree is required with a strong preference for Engineering Economics or a background in Quantitative Analysis.

• Linguistic Skills: Proficiency in both English and Spanish is essential to serve our primary customer base and global hubs.
  

Aptitude & Mindset

• Analytical Rigor: A data-decision-driven mindset with the ability to thrive in a high-tension fast-paced trading ecosystem.

• Technological Fluency: A strong focus on new technologies and the ability to leverage analytical tools to drive trading success.

• Cultural Leadership: A positive high-energy individual who promotes teamwork and global synergies across a diverse multi-national team.

Skills: