VP - EM Trader

Barclays•New York, NY

1d•$298,854 - $328,740•Onsite

About The Position

The purpose of the role is 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. This involves developing and implementing trading strategies, executing trades, maintaining records, monitoring global financial markets, and managing portfolio risk. The role also includes raising unsecured funding in the International Money Market and executing Structural Hedges for hedging IRRBB. The VP - EM Trader will manage trading portfolios with a budget of $6 million US dollars in Foreign Exchange and Interest Rates in Latin American currencies. This includes analyzing the local political scenario, market participants' behavior, local regulation, and idiosyncrasies of the local exchange. The role requires sustaining lasting relationships with local Hedge Funds, Banks, and the National Treasury, ensuring client development by working closely with Sales and Management, and performing risk management consistently with business principles. The position provides general financial desk support and transacts positions for the EM Business, taking ownership of the front-to-back franchise. Daily review of desk positions (risk and P&L) is required, ensuring local management is aware of client flows and key risk positions. Building long-term, trusted relationships throughout the organization through flawless execution and a collaborative attitude is essential. The role supervises 1 AVP and 1 Analyst Financial Analysts.

Requirements

Contribute or set strategy, drive requirements and make recommendations for change.
Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.
If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes.
Lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments.
Train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions.
Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
Manage and mitigate risks through assessment, in support of the control and governance agenda.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives.
In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
Adopt and include the outcomes of extensive research in problem solving processes.
Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.
Demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship.
Demonstrate the Barclays Mindset – to Empower, Challenge and Drive.

Nice To Haves

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 be a subject matter expert within own discipline and will guide technical direction.

Responsibilities

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.
Manage trading portfolios with a budget of $6 million US dollars Foreign Exchange and Interest Rates in Latin American currencies.
Analyze the local political scenario in Latin America including Brazil.
Examine local market participants’ behavior, local regulation and idiosyncrasies of the local exchange.
Sustain lasting relationships with local Hedge Funds, Banks and the National Treasury.
Ensure client development, exercising a close working relationship with Sales and Management, helping build and maintain client franchise.
Perform risk management consistently with business principles.
Provide general financial desk support including working with Product Control, Compliance, Legal and others.
Transact positions for the EM Business and take ownership of the front-to-back franchise including client engagement, pricing, and risk management.
Review desk positions (i.e. risk and P&L) for adequacy and appropriateness each day.
Ensure local management is aware of client flows, key risk positions, and other relevant information on a need-to-know basis.
Build long-term, trusted relationships in every area of the organization through flawless execution and a collaborative attitude.
Supervise 1 AVP and 1 Analyst Financial Analysts.