RMG Trader
New York City

This role is regulated by FINRA

As a Barclays Resource Management Group (RMG) Trader, you will have an exciting opportunity to support various activities in RMG – Funding, RWA and LBS optimisations for Cash Equities and Equity Derivatives. In addition to supporting existing processes, this role would also have a focus on optimization of capital footprint across entities as portfolios are migrated for regulatory/efficiency reasons, while helping the firm navigate through a period of rapid regulatory change in terms of Basel 3 Endgame (Basel 4) over the next few years.

Salary / Rate Minimum: $155,000
Salary / Rate Maximum: $250,000

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.

At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

What will you be doing?

• Managing RMG US Funding book and working with PCG to ensure monthly economic funding report is submitted and any breaches are addressed quickly
• Assisting desk to optimize US exchange margin and working with desk to provide business input into funding related exercises (Planning, Stress testing, etc.) with Treasury
• Owning month end CLR and funding cost allocation processes
• Helping in managing US IHC and Consolidated RWA and balance sheet with Cash Equities & Equity Derivatives business
• Analyzing and highlighting any issues in results produced by FRTB calculations as well as preparing and presenting FRTB packs to educate trading desks
• Working with risk/reg teams to create what-if functionality for FRTB metrics
• Building relationships with Equities Trading, Ops, PCG, Reg and Treasury

What we’re looking for:

• Bachelor’s or higher-level education, with excellent academic background and broad knowledge of financial derivatives products
• Numerate and highly analytical with Excel, VBA, or Python skills
• Team player with excellent communication skills, who can build relationships with an established group, and is adaptable and keen to learn
• “Self- Starter” – must be able to take the initiative and run with it instead of waiting for someone to lead and show the way

Skills that will help you in the role:

• Expertise in equity derivatives products (equity shares, futures, options, swaps) and IR swaps
• Knowledge of FRTB rules
• Series 7, 63, 57

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.