What are the responsibilities and job description for the Operations Investment Banking Associate position at BBVA?
Overview
The BSI Operations Associate functions as a hybrid resource straddling both middle-office and back-office operations. The role is dynamic and requires flexibility, collaboration, and cross-functional execution to support daily operational processes tied to trade settlement and broader securities operations.
Responsibilities
1. Settlement & Funding Operations
- Monitor and manage funding needs for settlements, particularly through:
- DTC (Depository Trust Company)
- Clearstream
- Other ad-hoc channels as required
- Ensure settlement funding readiness across multiple platforms and instruments.
2. Oversight & Issue Resolution
- Provide oversight of BPO (Business Process Outsourcing) team: act as liaison and quality controller.
- Troubleshoot settlement issues (e.g., fails, incorrect allocations, mismatches).
- Chase missing coupon or interest payments and follow up on delayed settlements or unresolved trade issues.
3. Trade Lifecycle & Middle Office Support
- Support trade allocations and confirmations.
- Work closely with front-office and middle-office teams, ensuring timely trade capture and processing.
- Assist in customer trade allocations, trade amendments, and exception handling.
4. General Team Support
- Be a flexible contributor, adapting to team needs and shifting timelines.
- Provide support where needed, even outside of your day-to-day scope.
Education & Experience Requirements
- 3–5 years in a financial services operations role, ideally with exposure to both middle- and back-office environments.
- Direct experience with IMPACT (trade settlement system) and Bloomberg is advantageous.
- Experience liaising with Front-Office staff is highly valued.
Skills & Competencies
- Strong understanding of the trade lifecycle, from order capture through to post-settlement.
- Proficiency in process analysis, ability to identify inefficiencies and streamline operations.
- Excellent communication skills, both written and verbal, for interfacing across teams and with vendors.
- Ability to work independently or within a small, fast-moving team, especially under tight deadlines.
Licensing & Certification
- Series 99 or Series 7 license is a plus
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 $125,000. 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
Salary : $100,000 - $125,000
