Middle Office Trade Support Job at BBVA, New York, NY

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  • BBVA
  • New York, NY

Job Description

We are looking for a Front Office Support specialist to join our team. The specialist will provide functional support within Global Markets Sales & Trading on any delegated activity which may include the calculation and valuation of all traded operations, ad-hoc reports and analysis as well as providing assistance in the trade capture of executed tickets. Additionally, the candidate will look for strategic solutions and improvements of trading and sales processes to help grow Fixed Income, FX/Rates Derivatives, and the Structured Notes business. The specialist will serve as the point of contact for both internal (Sales and Trading, Back office, Compliance, Engineering, and etc) and external clients. The ideal candidate will have knowledge and experience supporting FX and Rates Derivatives business lines with an in-depth understanding of the trade lifecycle of trades from Front to Back.

Main responsibilities include, but not limited to the following:

  • Process and monitor all trades that have been registered by Front Office employees to ensure that they flow through Global Markets trading systems.
  • Review and ensure all breaks found in the automated interfaces between Front Office systems are corrected and properly updated: Review existing reconciliations and propose new reconciliations if needed for continuous improvements
  • Trade capture and booking of OTC derivative transactions and securities.
  • Monitor and Control all FINRA required transaction based reporting.
  • Perform operational activities (e.g., security and account set-up, trade blotter monitoring, retention of TermSheets and Final Terms)
  • Participate in continuous project work involving process improvement, system implementation, new product or new market rollouts
  • Timely escalation of urgent issues to management

The role requires a wide variety of skills and strengths, including:

  • A strong understanding of GM products; Fixed Income Securities Derivatives, FX, and Structured Notes.
  • Knowledge of the front to back lifecycle of trades
  • Strong attention to detail and the ability to clearly communicate with others
  • Strong technical skills in Excel (VBA a plus)
  • Team player with the ability to work in a fast paced environment
  • Ability to prioritize and manage different tasks under pressure

Requirements:

  • Undergraduate Degree
  • Obtain SIE and Series 7 within 6 months
  • Complete NFA Long Track Proficiency Exam

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 $90,000 to $100,000. 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 positions

Job Tags

Immediate start,

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