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Collateral Back Office Associate

Hybrid in Madrid·Full-time·Added 8 days ago (last checked 22 Oct)

BBVA

24 open roles

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Our summary

Work mode: Hybrid, Madrid
Contract: Full-time
English: Required
Experience: 3+ years

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Skills

Nice to have

This job advert was originally written in Spanish.

Requirements

What we're looking for

Must-haves:
- 3+ years of experience in Operations areas with knowledge of bilateral or CCP collateral management.
- Knowledge of ETD and OTC operations and their lifecycle related to collateral management and Portfolio Reconciliation.
- Predisposition for process analysis and continuous improvement.
- Fluent English level necessary for the development of daily functions.
- Knowledge of market tools such as Murex, Calypso, Triresolve.

Nice to have

Desirable:
- High knowledge of Excel (and the MS Office suite), as well as VBA language for process automation and integration through AI tools.

The role

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.

Learn more about the area

The Clearings unit is integrated into the Operations team. It is responsible for managing collateral exchanges for any type of asset, including listed derivatives, OTC products (including clearing services to third parties), Sec Lending, Repo, as well as the reconciliation of OTC derivatives operating portfolios under EMIR/DFA regulations. This is a young and dynamic team. Collaboration with stakeholders in trading, risk, and various operations teams is key to providing good service.

What you'll do

Among the main responsibilities, the hired person will take on the following challenges:

Validate and verify margin calls with various counterparties for bilateral OTC, Repo, and Sec Lending operations.
Validate and verify margin calls from various clearing brokers and clearing houses for ETD and OTC operations.
Reconciliation of Derivatives operations under EMIR/DFA regulations.
Participation in projects: Collaborate with internal teams to implement processes for process improvement and new business.
Continuous Improvement: Identify opportunities to improve processes and seek efficiency within them.

Skills

Calypso (Software), Client Orientation, Empathy, Ethics, Innovation, Proactive Thinking

About BBVA

BBVA (Banco Bilbao Vizcaya Argentaria) is a multinational Spanish banking group and one of the largest financial institutions in Europe, with a strong presence in retail banking, corporate and investment banking, and fintech innovation. Headquartered in Madrid, BBVA operates across more than 25 countries, serving over 70 million customers, and is recognized for its leadership in digital transformation within the banking sector. The bank is also a major player in sustainable finance, with significant commitments to green bonds and climate-related lending.

In Spain, BBVA is a market leader with its headquarters in Madrid and a vast network of offices and branches across the country. The company is known for its innovative and technology-driven work culture, investing heavily in AI, data science, and advanced analytics. For international professionals, BBVA offers a dynamic environment with opportunities in quantitative finance, data science, and corporate banking, and it actively recruits talent from around the world, particularly in its Madrid hub. The bank's commitment to sustainability and digital innovation makes it an attractive employer for those looking to work in a forward-thinking financial institution.

Industry: Banking and Fintech
Founded: 1857
Employees: 100,000–150,000
Headquarters: Madrid, Spain
In Spain: Madrid, Barcelona
Website: bbva.com

Good to know if you are moving

BBVA is headquartered in Madrid, Spain, and is one of the largest banks in Europe, offering a wide range of career opportunities in finance, technology, and data science.
The company has a strong commitment to digital innovation, with significant investment in AI and data analytics, making it an ideal place for tech and data professionals.
BBVA offers international mobility programs, allowing employees to work across its global network in Europe, Latin America, and the United States.
The bank is a leader in sustainability, with a goal to mobilize 300 billion euros in green financing by 2025, providing opportunities for professionals interested in sustainable finance.
BBVA's work culture emphasizes innovation, diversity, and inclusion, with a focus on employee well-being and professional development.