The posting
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:
The Cross-Desk Efficiency Associate supports multiple desks by centralizing common desk processes, providing business and execution analytics, strengthening front-office controls, and identifying opportunities for automation and standardization. The role works closely with traders but does not have trading or market-risk-taking responsibilities. Trading desks retain ownership of pricing, hedging and risk decision
Key Responsibilities
- P&L quality control
- Reconcile desk’s flash P&L against the official P&L
- Run P&L explainers
- Sales credit and mark-up reconciliations
- Business analytics
- Analyze lost RFQs across key parameters (price, latency, skew, size, venue, competitive behavior) and analyze bad fills, flow quality, and adverse selection. Analyze execution performance and identify potential improvements to pricing controls, including spread, skew and size rules, for review and approval by the relevant trading desk.
- Produce and maintain business reports covering volumes, P&L, hit/miss ratios, RFQs, client activity, and electronic vs. voice execution.
- Market Data & Platform Controls
- Upload volatility calibration
- Totem submissions (Term SOFR and vol surfaces)
- Maintain trader-approved market data, calibration inputs, hedging instruments (UST, futures, options on futures, etc.) and platform configurations across supported desks and systems
- CCPs fire drills
- Position & Trade Controls
- Identify and investigate front-office position and booking discrepancies, coordinating resolution with the relevant Trading, Middle Office and Back Office teams.
- Validate front-office positions following portfolio compression and escalate discrepancies
- Efficiency, Automation & Desk Tools
- Identify and implement opportunities for process automation and AI-enabled workflow improvements across desks
- Model trades in pricing tools
- Provide cross-desk support for exceptional operational, control, and platform-related situations
Requirements
- Experience supporting front-office Markets desks, electronic markets businesses, or related control/analytics functions.
- Proficiency in Python for business reporting, quantitative analysis, and process automation.
- Solid understanding of financial products including U.S. Treasuries, futures, benchmark hedges, Term SOFR, and volatility surfaces.
- Working knowledge of electronic pricing controls and execution analytics in electronic trading platform configuration, pricing parameters (spread, skew, size rules), and market execution analytics.
- Strong background in desk P&L reconciliation, position management, P&L explainers, and cross-functional collaboration with Finance, Middle Office, and Back Office.
- Familiarity with front-office trading platforms, volatility calibration tools, Totem, and portfolio compression workflows.
- Technical background (majors in Math, Engineering, Physics, etc.)
- 4 years of experience
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 $100,000 to $120,000. 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
Legal requirements
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.
Pay Transparency Policy Statement
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).
Individuals with Disabilities
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch invite all interested and qualified applicants to apply for employment opportunities. If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing: [email protected] or by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.
*The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.
EEO Statement
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities.
View the "EEO is the Law" & "View the EEO is the Law Supplement Poster" poster. BBVA USA, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.
