D/VP - FIF Funding and Liquidity

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About Fixed Income Financing (FIF)

The global Fixed Income Financing sales/trading desk provides secured financing to institutional clients across a wide range of products including G10 Sovereigns/Supras, Covered bonds, Corporate Credit Bonds, Emerging Market Bonds and Securitized Products. The group’s primary function is to provide leverage to a well-established client franchise by lending cash or securities – either through a repurchase agreement or margin lending agreement.  The client base consists of large hedge funds, asset managers, pension funds, sovereign wealth funds, securities lenders, insurance companies and banks.  The desk generates revenue by capturing bid-offer spread from client trades while managing market risk, liquidity risk, and counterparty credit risk.  The desk works closely with other capital market businesses both primary and secondary, as well as the firm’s treasury and liquidity management teams. The global and regional businesses have been consistently ranked within the Top 3 amongst our competitors.

The global desks have both “flow-based” trading, with ability to multi-task and respond to client inquiries in a short amount of time as well as elements which are more analytically intensive with a focus on credit risk and asset structures. The desk plays a critical role in enabling hedge funds and other asset managers to employ levered strategies, short the market, and cash management.

Purpose of the role

The EMEA Fixed Income Financing desk manages a high-volume business with various internal and external challenges. We seek a Director to develop new processes and technology, enhance trading desk operations, and manage market and regulatory interactions.

Accountabilities

• Define and execute product strategy for the Rates Financing Repo business.
• Develop strategies for the desk regarding regulation, liquidity, and capital management.
• Ensure the business uses technologies and workflows to improve connectivity to settlement systems and market infrastructure.
• Implement the product roadmap and set long-term objectives with the business and technology teams to establish a strategic and scalable approach.
• Collaborate with stakeholders on data analytics and support efforts to address internal and external structural inefficiencies.
• Lead the long-term data management strategy for the desk, providing support to traders and conducting analysis.

Director Expectations

• To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
• They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
• Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
• Mandated as a spokesperson for the function and business division.

All Senior 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.

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.