Rates Strats VP

Join us as a “Rates Strats VP” at Barclays for supporting critical trading desk initiatives across compression, portfolio optimization and risk analytics. This role combines quantitative analysis, technology and stakeholder management to deliver high impact solutions for the global Macro business.

To be a successful “Rates Strats VP” candidate will take ownership of established compression and portfolio novation activities while leading strategic technology projects including Risk and PnL dashboards for APAC trading desks. This is a high visibility role with direct exposure to Trading, Quants, Global Strats and Technology leadership.

You may be assessed on the key critical skills relevant for success in role, suits a self-motivated, highly energetic individual who has an interest in rates markets, mathematics and coding.  The role offers a great opportunity for the successful candidate to develop their knowledge of and exposure to interest rates, bonds and other derivative products.   

Basic/ Essential Qualifications:

• Understand the Risk system architecture, along with Trading desk Risk mgmt requirements / processes.
• Develop trading view dashboards with enhanced PnL attribution, risk bucketing and risk aggregation.
• Work with the compression team to understand existing processes and innovate new ones.
• Develop an understanding of the various rates products covering swaps, FRAs, swaptions, XCCY and FX; including their trade cycles and their compression processes.
• Pricing analytics and execution support for competitive portfolio auctions.
• Portfolio novation and compression cycle coordination with external vendors (TriOptima/Quantile).
• Trade capture, risk analysis and capital optimization.
• Collaboration with London Strats / Compression desk on existing processes.
• Work closely with colleagues in Trading, Sales, Structuring, Tech and middle office on a range of ad-hoc projects.
• Adherence to control processes around trade booking, verification and reconciliation.

Desirable skillsets/ good to have:

• The candidate will need to be highly proactive in identifying issues and getting them resolved by liaising with various stakeholders.
• The candidate will need to work on several time-sensitive activities and is therefore required to be meticulous and efficient.
• The candidate should have an excellent eye for detail and should ensure that he/she meets a zero-error tolerance requirement as most output forms a critical input for business decision making.
• Bachelor's or, master's degree in mathematics, Engineering, Computer Science, Physics, Finance, or related quantitative field.
• Strong academic record demonstrating analytical and problem-solving capabilities.
• Investment banking, preferably in Rates Trading, Strats, Quant or, Risk roles.
• Understanding of interest rate products: swaps, FRAs, swaptions, cross-currency swaps, bonds, futures.
• Understanding of trading desk operations and risk management processes.
• Advanced proficiency in Python (data analysis libraries).
• Experience with API development and integrations.
• Excellent communication skills (oral/written).
• Ability to prioritize and manage large projects and take full ownership of assigned tasks.
• Aptitude for self-learning.
• Experience with compression or, portfolio optimization.
• Experience with building user interfaces / dashboards using Dash (Python) and React.
• CFA, FRM or, equivalent professional certification.

This role will be based out of Mumbai.

Purpose of the role

To develop and implement structured financial products and solutions to meet the needs of clients and optimize the bank's market exposure and profitability. 

Accountabilities

• Development of innovative structured financial products and solutions to address the specific needs of clients, including derivatives, structured notes, and other structured investment products.
• Risk analysis and management associated with structured products, including market risk, credit risk, and operational risk, to ensure compliance with regulatory requirements and bank policies.
• Assessment of pricing and valuation of structured products, including the use of mathematical models and financial instruments, and liaising with trading to ensure competitive pricing.
• Collaboration with traders, risk managers, and other stakeholders to ensure effective product implementation and risk mitigation.

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.