Corporates Derivatives Trader, VP

What will you be doing?

Barclays Capital Inc. seeks Corporates Derivatives Trader, VP in New York, NY (multiple positions available):

• Develop, structure, and price customized equity derivative instruments such as call spreads, ASRs, and equity collars using complex option strategies and quantitative models. Collaborate with corporate issuers and investment banking teams to design tailored hedging strategies that align with market conditions and regulatory requirements.

• Execute and manage equity-linked derivative trades while optimizing risk and capital adjusted returns through dynamic hedging. Analyze market conditions in real time to enhance execution quality and identify arbitrage opportunities. Oversee large-scale share buybacks.

• Monitor and mitigate portfolio risks by managing exposures to delta, gamma, vega, skew, and rho. Implement risk frameworks tailored to corporate derivatives and conduct stress testing to assess potential market shocks. Ensure compliance with internal risk limits while optimizing performance.  

• Enhance proprietary pricing models and risk tools to improve accuracy and efficiency in valuation. Leverage Python to develop algorithmic trading frameworks and streamline processes. Apply advanced mathematical techniques to solve pricing challenges.

• Partner with investment banking teams to develop and maintain corporate client relationships. Provide strategic guidance on derivative solutions that optimize capital structure and hedge market exposures.

• Collaborate with risk, legal, finance, middle office, and compliance teams to facilitate seamless execution of derivative transactions. Lead training initiatives for junior traders and bankers.

• Ensure all derivative transactions adhere to regulatory requirements, including documentation, reporting, and disclosures, in a rapidly evolving regulatory framework. Optimize balance sheet and capital usage through strategic derivative applications.

• Oversee daily PnL reporting and variance analysis to ensure accurate financial tracking. Maintain internal data systems to support trading activities and decision-making. Improve reporting and analytics tools in collaboration with technology teams.

Salary / Rate Minimum/yr: $179,088 per year

Salary / Rate Maximum/yr: $196,997 per year

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

This position is eligible for incentives pursuant to Barclays Employee Referral Program.

Purpose of the role

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.  

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.