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- Tasks: Assist in providing EM FX flow and derivatives service to clients, manage pricing and risk hedging.
- Company: BBVA is a global leader in financial services with over 160 years of history and diverse teams.
- Benefits: Join a dynamic team with opportunities for growth, collaboration, and innovative technology.
- Why this job: Be part of a multicultural team, engage in exciting trading strategies, and make a real impact.
- Qualifications: University degree in Engineering or Economics; 3+ years in Financial Markets; high English proficiency required.
- Other info: Ideal for proactive individuals who thrive under pressure and enjoy teamwork in a fast-paced environment.
The predicted salary is between 48000 - 72000 £ per year.
Excited to grow your career?
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:
Position overview.
We are looking for a candidate to assist in providing EM FX flow and Derivatives counterparty service to internal/ external clients, quoting clients and other desk requests, and carrying out the necessary hedging from this activity. Be responsible for the pricing and risk hedging of the assets under his/ her responsibility, complying with the Traders’ Mandate.
About the Team.
The FX Trading Team is inside the Global Market, which belongs to Corporate and Investment Banking, serving clients worldwide offering financial services to Corporates and Institutional.
Global FX team is over 100 people team worldwide, within more than 15 different nationalities operating in around 10 different countries, where The Bank Values play a key role in all interactions beneath their members.
Major job duties
- Collaborate with the FX Trading Desk Manager in defining the desk strategy, focusing on meeting internal and external customer needs/demands and complying with the risk and regulatory requirements.
- Give counterparty service in EM FX derivatives to client requests submitted by the Sales team. Quote bid/ offer prices, focusing on increasing the flow of orders by promoting excellence in the service offered to the clients. Manage the FX e-pricing (via e-platforms), making sure that the published rates are competitive.
- Provide trading ideas to be used as a sales tool and as a P&L generator within the FX product line.
- Perform dynamic hedging of the risk of his/ her own market positions. Focus on breaking and covering the risks in coordination with other trading desks. Maintain the risks within the acceptable/ allowed risk limits.
- Monitor the FX market continuously, being in permanent contact with other market participants/ counterparties. Focus on adjusting and updating the trading parameters of his/ her evaluating models to the market risks and conditions.
- Register all trades/ transactions in BBVA internal applications. Assist middle and back office in the transactions’ settlement, to minimize operational risk and/ or solve incidences. Verify the orders’ compliance and control in case of contingency, system failure, and incidences.
- Carry out the daily closing processes, verifying that the book risks are covered and the positions are correctly informed in the internal systems.
- Manage the Fixings. Ensure that the rates, flows, and orders are correct and that the risk level of the operation is adequate, and that revenues are generated.
- Update the flow EM FX parameters in the databases that are used by all Global Market traders in pricing. Collaborate with other FX Trading desks in updating the FX trading handbook, framework and pricing rules documentation.
- Liaise with other FX Trading desks to coordinate the hedging and share market and clients’ needs knowledge. Promote the generation of synergies in the global FX pricing and hedging strategy.
- Collaborate with the FX E-Commerce team to improve BBVA FX platform capabilities. Support in the development and commercialization of new FX tools and platforms.
- Collaborate with Quants and Structuring teams to develop valuation models and structured FX products, respectively.
- Comply with both internal and external operational policies, procedures and regulatory requirements.
- Generate recurrent income complying with the budget and the hit/ miss target set for the products/ assets under his/ her responsibility.
- Report to the FX Trading Desk Manager on a periodic and ad-hoc basis about main trading indicators such as closed trades, P&L, positions, etc.
We are looking for a proactive person, who can generate a positive Teamwork environment. Tension, pressure, and Data Decision Driven are 3 adjectives that could define an FX Trading ecosystem, where the candidate might feel comfortable dealing with any of those. Focus on new technologies and analytic mindset, both skills would be to the person’s benefit of successfully managing her/himself inside the Area.
Qualifications:
- University Degree, preference for Engineering or Economics, quantitative analysis valuable.
- Experience, at least 3 years, in a Financial Markets role is needed.
- High English proficiency Level.
Skills:
- English Language
- Investment Strategies
- Mathematical Finance
- Spanish Language
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EM FX Trader employer: BBVA
Contact Detail:
BBVA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land EM FX Trader
✨Tip Number 1
Familiarize yourself with the latest trends in emerging markets and FX derivatives. Understanding current market dynamics will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the FX trading space, especially those who work at BBVA or similar institutions. Attend industry events or webinars to connect with potential colleagues and gain insights into the company culture.
✨Tip Number 3
Stay updated on regulatory changes affecting the FX market. Being knowledgeable about compliance and risk management will show that you are proactive and understand the importance of these aspects in trading.
✨Tip Number 4
Demonstrate your analytical skills by preparing case studies or examples of how you've successfully managed risk or generated P&L in previous roles. This will highlight your ability to contribute to the team’s success.
We think you need these skills to ace EM FX Trader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial markets, particularly in FX trading. Emphasize any quantitative analysis skills and your ability to work under pressure, as these are key aspects of the role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Discuss how your background aligns with the responsibilities outlined in the job description, especially your experience with EM FX derivatives and risk management.
Highlight Teamwork and Proactivity: Since the role emphasizes teamwork and a proactive approach, include examples from your past experiences where you successfully collaborated with others or took initiative to solve problems in a fast-paced environment.
Showcase Technical Skills: Mention any relevant technical skills or tools you are familiar with, especially those related to FX trading platforms and quantitative modeling. This will demonstrate your readiness to contribute to the team and adapt to new technologies.
How to prepare for a job interview at BBVA
✨Understand the FX Market
Make sure you have a solid grasp of the current trends and dynamics in the FX market. Be prepared to discuss recent developments and how they might impact trading strategies.
✨Showcase Your Analytical Skills
Highlight your quantitative analysis abilities during the interview. Be ready to provide examples of how you've used data-driven decision-making in previous roles, especially in financial markets.
✨Demonstrate Team Collaboration
Since teamwork is crucial in the FX Trading environment, share experiences where you've successfully collaborated with others. Emphasize your ability to work under pressure while maintaining a positive team dynamic.
✨Prepare for Technical Questions
Expect technical questions related to pricing, risk management, and hedging strategies. Brush up on relevant mathematical finance concepts and be ready to explain your thought process clearly.
