Core EGB 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.

EGBs- European Government Bonds. A team of 8 market makers splitted between London and Madrid.

OAT market maker Asset swap specialist Core EGBs.
Strongly oriented to big institutional investors.

About the job:

This opportunity is open to Executive Director/ Managing Director profiles.

• Lead the definition and implementation of the product strategy (Franchise & Trading) being responsible for the trading profitability and risk taken under his country/region of supervision. Make sure that there is a full integration of the value chain of the business (Sales Trading Research eSales eSupport).

• Collaborate with the GM Senior Trading Manager in defining the trading strategy focusing on meeting internal and external customers needs and complying with the risk and regulatory requirements.

• Generate recurrent income in order to meet the revenue targets that are set each year within the GM trading desks notably those under his/her region.

• Lead the unit trading desks coordination in his/her region delegating tasks amongst his/ her team based on their product specialization seniority and workload. Follow-up and supervise all on-going trading activity.

• Support the trading desks in their market making/pricing activity quoting the most relevant transactions as required.

• Supervise the trading unit desk hedging under his/her region ensuring that the global risk exposure is balanced so that there is no overexposure to a certain underlying asset term currency etc.

• Focus on delivering - Track the units trading desk activity monitoring main trading indicators such as P&L and hit/ miss ratio. Assist in solving problems and incidences.

• Lead a key role in promoting the banks positioning within the different trading products (FX Equity Rates etc.) market as a provider of innovative and ad-hoc trading solutions for customers under his/her region/country.

• Drive the development and improvement of the different electronic trading platforms and valuation models seeking to adapt the systems/ models to any operational and regulatory changes.

• Drive the coordination with Policies & Procedures CIB for the adaptation of the Global trading operating procedures to regulatory changes and with Internal Control CIB for monitoring the compliance with the established trading framework.

• Participate in the strategic and pipeline committees of the Global Trading Units and Global Markets units.

• Manage all staffing issues alongside GM Senior Trading Manager and CIB HR.

• Report to the GM Senior Trading Manager on a periodic and ad-hoc basis about main unit projects and performance indicators.

Academic Degree:

• Undergraduate degree.

Previous experience:

• 7y experience in similar roles

Qualifications and technical knowledge:

• Bloomberg ION. IT transformation management.

Language skills:

• English.

Soft skills:

• Ability to interact with clients and sales.

• Team played.

• Results oriented.

• Respectful with internal rules.

• and regulation.

*) While this position is listed as London based there is flexibility for the successful candidate to be located in Madrid or London.

Skills: