USD Swaps Trader

What will you be doing?

Barclays Capital Inc. seeks USD Swaps Trader in New York, NY (multiple positions available):

• Provide financial market liquidity to clients in the USD Swaps market, manage financial risk, capture growing business opportunities and push forward with client and regulatory demands.
• Accountable for executing hedges and managing financial risk within the US Rates Swaps portfolio.
• PnL production in line with business financial objectives.
• Develop franchise relationships with key clients while strategically cultivating existing relationships.
• Facilitate client transactions by providing liquidity and market-making services in U.S. Interest Rates derivatives contracts.
• Monitor and manage financial risk within the U.S. Interest Rates swaps trading portfolios by executing hedging trades and securing risk limits.
• Perform technical analyses of U.S. Interest Rates fundamental, overnight market activities and upcoming economic data for financial risk management.
• Identify relationships and trends in data, interpret statistical data to assess trade risk, and generate trade ideas based on current financial market environment.
• Develop computational methods of financial modeling and build robust pricing, risk management, and idea generation tools for the USD swaps trading desk.
• Review pricing models to understand assumptions and weaknesses and make any necessary changes.
• Provide market color and financial risk management solutions to help clients manage their U.S. Interest Rates exposure, meet investment goals, and reflect their market views.
• Partner with Sales, Quantitative Analytics, Research, and Structuring teams to ensure best client outcomes.

Salary / Rate Minimum/yr: $150K year

Salary / Rate Maximum/yr: $165K 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 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.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders 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.