About the job

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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.

About the job:

Overview:

BBVA, a top European Bank with a strategic focus on significantly expanding its U.S. securities business is seeking a highly skilled and experienced securitized products trader to contribute to the development and build out of its securitized products platform. This role will be primarily focused on client coverage on secondary ABS products in addition to any future securitized products BBVA will be developing.  There should also be a fostering of direct qualitative relationships between the client and our broader platform/institution. This role requires deep market knowledge, quantitative skills, risk management expertise, and the ability to execute complex trades efficiently. The trader will work closely with research, sales, and capital markets teams to generate profitable trading ideas and facilitate client transactions. The individual will collaborate closely with the Head of Securitized Products, Salespeople, the Bank’s client coverage officers, Risk team and senior management to develop new business and support the strategic growth of the business.

Key Responsibilities:

·         Development of securitized products trading platform - Work with management on the development of securitized product sales and trading platform

·         Execute purchases and sales of ABS products in the secondary to manage the firm's inventory and fulfill client orders

·         Support the new issue ABS business by providing liquidity on transactions where BBVA is involved

·         Develop and implement trading strategies based on market supply/demand, relative value analysis, interest rate outlook, and collateral performance

·         Manage trading limits, inventory levels, and counterparty relationships.

·         Stay current with macroeconomic trends, regulatory changes, and sector-specific developments that impact ABS market

·         Monitor, measure, and manage the market risk and liquidity risk of the trading book

·         Perform detailed fundamental credit analysis on ABS collateral pools and structures

·         Utilize quantitative models to price ABS transactions, analyze collateral behavior, and assess various structural features

·         Generate and communicate market color, pricing ideas, and trade recommendations to the sales force and other internal partners

·         Ensure all trading activities adhere to firm policies, regulatory requirements, and compliance standards

·         Work with operations and technology teams to ensure accurate trade booking, settlement, and reporting

·         Assist in arranging meetings and events involving clients and issuers as well as our syndicate team

·         Assist in arranging meetings at industry conferences such as ABS East and ABS Vegas

·         Support internal projects and strategic initiatives relevant to Securitized products

·         Identify and support relevant product cross sell with clients where applicable

·         BBVA Core Values - All employees must demonstrate strong adherence to the BBVA Core Values; Customer Comes First, We Think Big, We Are One Team

Qualifications:

·         Minimum of 12 years of experience in ABS trading role at a financial institution active in the ABS market

·         Effective long-standing client relationships with institutional investors

·         Demonstrated experience selling and trading securitized products

·         Demonstrated in-depth knowledge of securitized products

·         Excellent risk management and decision-making capabilities under pressure

·         Strong communication skills needed to effectively convey complex information to clients, sales, BBVA senior management and risk partners

·         Proactive and a self-starter

·         Fluent in English (bilingual in Spanish a plus but not required)

·         Well-organized and detail-oriented

·         A team player

·         Bachelor’s or Master’s degree from and accredited university

·         Hold active FINRA licenses (SIE, 7, 63) as applicable

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

With respect to this position in our New York Office, the expected base salary ranges from $450,000 to $500,000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

*Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these position

Legal requirements

It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

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, BBVA Securities Inc., and BBVA S.A. New York Branch invite 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.

EEO Statement

BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities.

View the "EEO is the Law" & "View the EEO is the Law Supplement Poster" poster. BBVA USA, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.