FIXED INCOME FINANCING CREDIT FINANCING TRADER

This role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

This role is regulated by FINRA.

As a Barclays Fixed Income Financing Credit Financing Trader this is an exciting opportunity to have the opportunity to provide leverage to a well-established client franchise by lending cash or securities – either through a repurchase, securities lending, or margin lending agreement. This is an exciting opportunity to utilize your credit evaluation, liquidity management, and balance sheet optimization skills as you work with internal and external stakeholders including clients, brokers, and dealers.

Salary / Rate Minimum: $ 125,000.00

Salary / Rate Maximum: $ 160,000.00

THE MINIMUM AND MAXIMUM SALARY/RATE INFORMATION ABOVE INCLUDE ONLY BASE SALARY OR BASE HOURLY RATE. IT DOES NOT INCLUDE ANY ANOTHER TYPE OF COMPENSATION OR BENEFITS THAT MAY BE AVAILABLE.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality, and innovation behind us. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.

WORKING FLEXIBLY

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognizes and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a career, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the detail of the working pattern options for the role with the hiring manager.

WHAT WILL YOU BE DOING?

•     Managing market making for repo specials and managing day to day trading activity with shorts covering, short, dated client trades, specials market

•     Funding of client book and firm inventory, as well as sending axes/ commentary to sales/clients and initiating trades

•     Reviewing PnL report daily, and producing daily desk flash

•     Keeping track of client portfolio and giving market color, while marketing the product to potential clients as well

•     Obtaining feedback from Sales on each price quoted and working with the cash trading desk to be aware of markets, spread movements, liquidity on specific names

•     Analyzing trades on risk parameters, resource allocation, returns and supporting margin teams in relation to bond pricing (marks) when they lead to margin disputes 

•     Maintaining active dialogues with colleagues in Risk to ensure correct haircuts are applied and with Legal to support negotiations and risk management

•     Providing operations/trade support including trade booking and working with settlements and TCU to minimize fails

WHAT WE’RE LOOKING FOR:

•     Bachelor’s degree with one to six years of related work experience 

•     Basic familiarity with regulation and how it impacts the repo and security lending market, including Basel III, FSB work streams on Shadow Banking, FTT, CSDR, etc.

•     Exposure to derivative markets and proficiency with Excel

•     Knowledge in Emerging Markets and risk involved in various underlying bonds, cross currency basis, and cash and cds market

SKILLS THAT WILL HELP YOU IN THE ROLE:

•     Working knowledge of Bloomberg, VBA or other coding experience

•     Ability to perform under pressure and to maintain and prioritize numerous projects simultaneously

•     Analytical and organisational skills

•     Solid interactive skills as you work with colleagues globally

WHERE WILL YOU BE WORKING?

You will be working at our Americas Headquarters at 745 Seventh Avenue. This 32-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness center and state-of-the-art LED signage on the facade of the building.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 50 countries and employing around 83,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.