TFI Trader

Purpose of the role (full detail)

To raise external funding for the bank, manage internal usage of funding and hedge interest rate risk through the trading of cash and derivative products within P&L budgets risk appetite, internal and regulatory alongside actively identifying opportunities to optimise within these constraints.

Accountabilities (full detail)

• Raising short term unsecured funding efficiently in the money markets across a range of cash products and market segments to meet regulatory liquidity requirements
• Providing internal funding to client facing businesses on an accurate and timely basis whilst enhancing systems and processes to support new and expanded product offerings
• Aggregating and hedging interest rate risk across external funding, internal funding and customer banking book products, ensuring risk positions remain within limits and are in line with market views informed by economic knowledge, market awareness and team strategy
• Tracking risk, P&L, and balance sheet impacts of all desk activity to support daily and monthly explains to senior management and to pro-actively identify optimisation opportunities
• Implementing hedge accounting strategies to minimise accounting risk arising from derivative trading
• Monitoring and managing FX risk arising from desk activities and the FX hedging needs of other banking book businesses

The ideal candidate will have proven experience as a liquidity and risk manager for a  financial institution, preferably in a banking environment. They should possess a strong understanding of financial markets, instruments, and trading strategies, along with a demonstrated ability to consistently drive commercial outcomes while effectively managing risk. Proficiency in money markets and derivatives is essential and in secured funding markets is preferrable.

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

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.

Purpose of the role

To buy and sell financial instruments, such as money markets, 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.

Vice President Expectations

• To 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. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• 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. They will 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. They will 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.

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.