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For Companies At a Glance
- Tasks: Drive market-making and risk-hedging strategies for bonds and repo trading.
- Company: Join BBVA, a global leader with over 160 years of history.
- Benefits: Competitive salary, diverse teams, and opportunities for growth.
- Why this job: Make an impact in finance while working with a dynamic team.
- Qualifications: 3–5 years in market making and proficiency in quote software.
- Other info: Lead a team of traders across Madrid and London.
The predicted salary is between 36000 - 60000 £ per year.
BBVA is a global company with more than 160 years of history, operating in more than 25 countries and serving over 80 million customers. We are a team of 121,000 professionals working in multidisciplinary teams across finance, legal, data science, engineering, and design.
Responsibilities
- Drive the market‑making and risk‑hedging strategy for short‑ and long‑term bonds and repo trading, maximizing the franchise in product distribution to clients and investors.
- Be responsible for pricing and risk hedging of the trading desk, focusing on delivering excellent service to internal and external clients.
- Define the desk strategy alongside the desk manager, meeting customer needs while complying with risk and regulatory requirements.
- Provide counterparty service in bonds and repos, quote bid/offer prices, and increase order flow.
- Perform dynamic hedging of own market positions, breaking and covering various risks in coordination with other trading desks.
- Ensure desk fulfillment of obligations related to primary dealership status.
- Support other trading desks in covering their books' risks, promoting synergies in the global rates hedging strategy.
- Supervise desk books’ risks, driving the hedging strategy to keep global risk exposure balanced.
- Monitor the market continuously to ensure trading parameters of valuing models align with market risks and conditions.
- Supervise desks’ daily closing procedures and key 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 and report to the in‑line manager periodically.
- Lead a team of 8 traders making markets on EGBs, split between Madrid and London.
Qualifications
- Undergraduate degree.
- 3–5 years of experience in market making for EGBs.
- Proficiency with quote software such as Bloomberg, Ion, or similar.
- Fluent in English; good command of Italian is valued.
- Soft skills: Ability to interact with clients and sales teams.
- Skills: Customer Targeting, Empathy, Ethics, Innovation, Proactive Thinking.
How to Apply
Don’t miss any opportunity—upload your CV! You will join our Talent Community so we can send you future opportunities that match your profile.
BTP Trader employer: BBVA Group
Contact Detail:
BBVA Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land BTP Trader
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current BTP Traders on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with market making and risk hedging. We want to see how you can bring value to the team, so share specific examples of your past successes!
✨Stay Updated on Market Trends
Keep an eye on the latest trends in EGBs and repo trading. Being knowledgeable about current market conditions will not only impress interviewers but also help you engage in meaningful conversations. We love candidates who are proactive and informed!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, joining our Talent Community means we can keep you in the loop about future opportunities that match your profile!
We think you need these skills to ace BTP Trader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the BTP Trader role. Highlight your experience in market making for EGBs and any relevant software proficiency, like Bloomberg or Ion. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about trading and how you can contribute to our team. Be sure to mention your soft skills, like empathy and proactive thinking, as they’re super important to us.
Showcase Your Experience: When detailing your experience, focus on specific achievements that demonstrate your ability to drive market-making strategies and manage risks. We love numbers, so if you can quantify your successes, even better!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to keep track of your application and ensure you’re part of our Talent Community for future opportunities. We can’t wait to see what you bring to the table!
How to prepare for a job interview at BBVA Group
✨Know Your Market
Before the interview, make sure you’re up to speed with current market trends, especially regarding EGBs. Familiarise yourself with recent news and how it impacts pricing and risk hedging strategies. This will show your potential employer that you’re proactive and engaged with the industry.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with quote software like Bloomberg or Ion. Bring examples of how you've used these tools in past roles to drive market-making strategies. Demonstrating your technical proficiency will give you an edge over other candidates.
✨Emphasise Team Collaboration
Since the role involves leading a team of traders, highlight your experience in working collaboratively. Share specific examples of how you’ve successfully coordinated with other desks or teams to achieve common goals. This will illustrate your ability to foster synergies and align strategies.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in dynamic trading environments. Prepare for scenarios where you might need to balance risk exposure or respond to sudden market changes. Practising these responses will help you convey your strategic thinking and adaptability.
