Head of FCM

Description

Market Services is the unit within BBVA which is charged with providing access to market infrastructure for our clients.We currently operate out of Madrid, London and Mexico providing access to OTC Clearing and Futures and Options execution and clearing. The business has grown strongly over the last few years and consequently we are seeking to expand to New York by establishing an FCM. Evidencing our ambition, BBVA recently announced the purchase (subject to regulatory approvals etc.) of the 50% of Altura Markets in Spain that it does not currently own. Altura Markets is the leading broker for listed futures and options in Spain and Portugal. We are now looking for an individual who can lead our NY activities and will be responsible for completing the final phase of our rollout and the launch of the OTC business and lead future development there:

The role is varied and includes the following responsibilities :

• Lead the establishment of the FCM gaining the relevant regulatory and market infrastructure approvals.
• Work with the various geographies of the Bank to onboard targeted clients
• Generate the income required to meet the financial targets set.
• Comply and ensure compliance with all of the relevant rules and regulations.
• Contribute as required to the global success of Market Services.

We are looking for someone who can lead the US activities now and in the future. They should be both a strategic thinker and a doer, capable of working with clients to achieve their aims and with internal departments to ensure smooth service to our clients. This is a senior role in the start up phase of our US activity..

Qualifications

The successful candidate is likely to have the following:

• Experience of working within an FCM environment for at least 5-10 years.
• Product, Sales and Relationship Manager experience.
• Knowledge and understanding of the regulations relevant to the FCM business.
• Knowledge and experience of both OTC Clearing and/or Futures & Options.
• Ability to work in a complex and dynamic environment.
• P&L responsibilities in previous roles.
• FINRA Series 3 license

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 $200,000 to $300,000. 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