Fixed Income - Total Return Swaps Trader

Join us at Barclays as a Fixed Income Total Return Swaps Trader. Barclays’ Fixed Income Total Return Swaps Trading team runs a global business within the Markets business. This team is a leading provider of Fixed Income (FI) Index Total Return Swaps on Benchmark FI indices, as well as a wide variety of other indices. The team also offers Total Return Swaps (TRS) on customized bond portfolios, bond forwards, and other bespoke solutions to provide a variety of exposures. The team services global client demand across several jurisdictions, including the U.S., Japan, Australia, Asia, Europe, and the Americas.  The team works with clients across the spectrum, including Asset Managers, Pension Funds, Insurance clients, Corporates and Hedge Funds, offering products in a variety of funded and unfunded formats.  Your responsibilities in this role will include making markets in products traded on the desk for our global client base, contribution to team Risk and P&L management, sales & client interaction and working with a variety of internal and external partners.

To be successful as a Trader you should have:

• A strong understanding of Fixed Income cash and derivative Instruments commonly traded in the market
• Strong communication skills
• Develop comfort with ambiguity and strong logical reasoning
• Strong work ethic with the ability to perform accurately and efficiently under pressure
• Ability to work with multiple teams across geographies
• A bachelor’s degree and proficiency in Microsoft Excel

Additional skills of value include:

• Previous related experience in market trading desk at the appropriate level
• Proficient with Bloomberg, Python and/or other coding experience
• Familiarity with financing markets
• Comfort with reading and writing trade documentation

You may be assessed on the 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.

The role is based in London

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.

Purpose of the role

To execute trades and manage risk within a defined portfolio of financial instruments and staying informed about market trends and developments to make informed trading decisions. 

Accountabilities

• Execution of buy and sell orders or pricing of liquidity in various financial instruments while adhering to the bank's trading strategies and risk parameters.
• 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 and ensuring compliance with regulatory and internal risk management guidelines.
• Collaboration with research analysts and other teams to gather insights and information for trading decisions.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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.