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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:
We are seeking an experienced and dynamic repo trader to manage and grow our matchbook trading activities. The successful candidate will be responsible for managing the matchbook risk and revenue. Also, ensuring optimal firm financing. The candidate must have experience in client-facing roles
Key Responsibilities:
- Actively manage part of the Credit matchbook repo book efficiently.
- Monitor market conditions and funding rates to identify arbitrage opportunities and enhance profitability.
- Market making trades to clients while ensuring adequate inventory coverage and counterparty exposure control.
- Optimize the usage of internal balance sheet and ensure alignment with regulatory capital constraints (e.g., LCR, NSFR, RWA).
- Coordinate closely with collateral management, liquidity management, and risk teams to ensure effective funding strategies and collateral optimization.
- Develop and maintain relationships with key counterparties (banks, hedge funds, asset managers, CCPs).
- Ensure compliance with all internal risk, credit, and regulatory policies.
- Contribute to strategic discussions regarding repo desk expansion, product innovation, and technology improvements.
Required Qualifications:
- Academic background in Finance, Business, Economics, Mathematics, or related field.
- 5–7+ years of experience in repo trading, fixed income, or short-term funding markets.
- Deep understanding of Credit repo markets, funding curves, and collateral types (SSAs, Corporates, Financials, securitizations, etc...).
- Strong analytical and quantitative skills; proficiency with Excel, Bloomberg, and trading platforms.
- Understanding of regulatory frameworks affecting repo (e.g., SFTR, Basel III, leverage ratio).
- Excellent communication skills.
Skills:
- Experience with e-trading platforms (i.e., BrokerTec, GLMX, NGT, Tradeweb).
- Programming/scripting ability (e.g., Python, VBA) for data analysis or automation.
- Knowledge of repo clearing through CCPs and tri-party arrangements.
