TFI ALM Trader

Purpose of the role

To buy and sell financial instruments, such as bonds, stocks, and derivatives, to generate revenue for the bank by the analysis of market conditions, execution of trades, and management of risk.  

Accountabilities

• Development and implementation of trading strategies that align with the bank's risk appetite, investment objectives, and market conditions, and monitoring of market movements to adjust trading strategies accordingly.
• Execution of trades on behalf of the bank, or proprietary trading desks, while adhering to the bank's trading strategies and risk parameters.
• Maintenance of accurate and timely trading records, prepare daily and monthly trading reports, and contribute to the evaluation of the overall trading strategy.
• Monitoring and analysis of global financial markets, economic indicators, news, and geopolitical events to identify trading opportunities and assess market risks.
• Management and monitoring of the risk associated with the trading portfolio, including setting and maintaining stop-loss limits and ensuring compliance with regulatory and internal risk management guidelines.
• Raise unsecured funding in the International Money Market.
• Execution of Structural Hedges for hedging IRRBB.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

As part of ALM Execution (ALME’s) active hedging mandate, ALME employs various interest rate swap strategies including outright, relative value and cross-market trades to generate positive MTM.  To scale-up its trading strategies, the team is looking for someone who is able to help create and develop systematic quantitative trading strategies in Python to build on the previous years of success. 

Key Accountabilities

The successful candidate will be accountable for managing the delivered risk from the businesses.  This includes:

• Pricing swaps
• Generating risk (DV01) profiles
• Formulating hedges and the execution strategy
• Executing hedges in the market

You will need to develop your own relationships with external counterparties to ensure BUK receives best pricing and meaningful market colour.  Additionally, you will need to build relationships with ALM/BSM teams in Treasury to understand ongoing balance sheet and product dynamics. 

Whilst not initially required, the candidate will eventually need to suggest trade ideas to contribute to ALME’s P&L target. 

You will be responsible for creating and developing systematic quantitative trading strategies in Python.  Given the flexibility of the mandate there is scope for developing a wide array of trading strategies so this role is well suited to someone who would enjoy building trading models and putting theory into practice. 

Additionally, you will be responsible for understanding ALME’s P&L (working with Product Control), managing the residual risk in Hedge Accounting and providing market updates to the wider Treasury teams and the businesses.

Essential Skills/Basic Qualifications

• Undergraduate or equivalent degree in a quantitative subject (e.g. Mathematics, Econometrics, Mathematical/Quantitative Finance, Economics, Physics, Engineering)
• Strong quantitative skills
• Strong interest in macroeconomics and politics’
• Advanced skills in Excel/VBA and programming languages widely used in trading environments and data science (e.g. Python, R)

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.