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- Tasks: Drive market making and risk hedging strategies for bonds and repo trading.
- Company: Join a global leader with over 160 years of history and diverse teams.
- Benefits: Competitive salary, dynamic work environment, and opportunities for growth.
- Why this job: Make an impact in finance while working with a talented team in London.
- Qualifications: 3-5 years of experience in market making EGBs and strong software skills.
- Other info: Fluent English required; Italian is a plus. Join our Talent Community!
The predicted salary is between 36000 - 60000 £ per year.
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 maximise 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 excellence in the service offered to both internal/external clients.
Team of 8 traders making markets on EGBs split 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.
- Undergraduate degree
- 3-5 years of experience in market making EGBs.
- Use of the software required to quote: Bloomberg, Ion or similar.
- English (fluent).
- A good command of Italian will be valued.
- Ability to interact with clients and sales.
- Customer Targeting, Empathy, Ethics, Innovation, Proactive Thinking.
Don’t miss any opportunity and upload your CV! You will join our Talent Community so that we can send you future opportunities that match your profile.
BTP Trader in London employer: BBVA Group
Contact Detail:
BBVA Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land BTP Trader in London
✨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. Building relationships can open doors that a CV just can't.
✨Ace the Interview
Prepare for your interview by researching the company and understanding their trading strategies. Practice common interview questions and think of examples from your experience that showcase your skills in market making and risk hedging.
✨Showcase Your Skills
When you get the chance to meet potential employers, make sure to highlight your technical knowledge and experience with tools like Bloomberg or Ion. Be ready to discuss how you've used these in past roles to drive results.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll join our Talent Community for future opportunities that match your profile.
We think you need these skills to ace BTP Trader in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the BTP Trader role. Highlight relevant experience in market making and risk hedging, and don’t forget to mention your proficiency with tools like Bloomberg or Ion.
Craft a Compelling Cover Letter: Your cover letter should tell us why you’re the perfect fit for this role. Share specific examples of how you've met client needs and navigated market risks in your previous positions.
Showcase Your Soft Skills: We value soft skills just as much as technical ones. Make sure to highlight your ability to interact with clients, demonstrate empathy, and show proactive thinking in your application.
Apply Through Our Website: For the best chance of success, apply directly through our website. This way, we can easily keep track of your application and ensure it gets the attention it deserves!
How to prepare for a job interview at BBVA Group
✨Know Your Market
As a BTP Trader, it's crucial to have a solid understanding of the market dynamics. Brush up on current trends in EGBs and repo trading. Be prepared to discuss how you would approach market making and risk hedging strategies during the interview.
✨Showcase Your Technical Skills
Familiarise yourself with the software tools mentioned in the job description, like Bloomberg and Ion. During the interview, highlight your experience using these platforms and how they can enhance your trading strategies.
✨Demonstrate Client Interaction Skills
Since the role involves interacting with clients, be ready to share examples of how you've successfully managed client relationships in the past. Emphasise your ability to understand client needs and provide tailored solutions.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in real-time trading situations. Think about past experiences where you had to make quick decisions under pressure and be ready to discuss them in detail.
