Fixed Income Financing Trader

Barclays; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading financial institution is seeking a Fixed Income Financing Trader in Greater London. The role involves executing trades and managing risks within a portfolio, requiring a strong regulatory understanding and trading experience. Ideal candidates should have a bachelor's degree and proficiency in Bloomberg and Python. Responsibilities extend to market analysis, client interaction, and collaboration with different teams. This position emphasizes strategic thinking and a strong work ethic to thrive in a fast-paced environment.

Qualifications

• Strong understanding of repo and security lending markets.
• Experience in fixed income and derivative products is a plus.
• Ability to perform under pressure and work with a strong work ethic.

Responsibilities

• Execute trades and manage risk within the defined portfolio.
• Monitor global financial markets and identify trading opportunities.
• Collaborate with research analysts to gather insights for trading decisions.

Skills

Understanding of regulation

Exposure to derivative markets

Previous related experience

Proficiency in Microsoft Excel

Education

Bachelor's degree

Tools

Bloomberg

Python

Job description

Join us at Barclays as a Fixed Income Financing Trader. The global Fixed Income Financing sales/trading desk provides secured financing to institutional clients across a wide range of products including G10 Sovereigns/Supras, Covered bonds, Corporate Credit Bonds, Emerging Market Bonds and, Securitized Products The group’s primary function is to provide leverage to a well-established client franchise by lending cash or securities – either through repurchase agreements, margin lending agreements or synthetically via TRS. The client base consists of large hedge funds, asset managers, pension funds, sovereign wealth funds, securities lenders, insurance companies, and banks. With a Primary focus on Emerging Markets your responsibilities in role will include Market making for Emerging Markets repo, contribution to team PnL management, Marketing/sales & client interaction, Risk pricing & Hedging, Global Franchise Co-ordination and operational trade support

To be successful as a Trader you should have:

• A strong understanding of regulation and how it impacts the repo and security lending market
• Exposure to derivative markets
• Previous related experience in market trading desk at the appropriate level
• A bachelor’s degree and proficiency in Microsoft Excel

Additional skills of value include:

• Experience of fixed income and derivative products
• Proficient with Bloomberg, Python and/or other coding experience
• Strong work ethic
• Ability to perform under pressure
• Strong analytical skills

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.

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.