Primary CMBS Trader

Barclays; New York (NY); On-site; USD 155,000 - 250,000; Full time

Job summary

Join Barclays as a Vice President in trading, where you will leverage your deep expertise in CMBS and structured products to drive trading strategies and manage risks. This fast-paced role involves executing trades and collaborating with various teams to ensure comprehensive risk management and strong market performance.

Qualifications

• Deep understanding of CMBS structures and bond math.
• Experience in commercial real estate finance or securitization.
• Knowledge of credit rating methodologies.

Responsibilities

• Execute trades and manage risk across various financial instruments.
• Analyze global financial markets to identify trading opportunities.
• Collaborate with internal teams to enhance trading strategies.

Skills

Decision-making skills

Communication skills

Attention to detail

Education

Bachelor's degree in Finance or related field

Advanced degree (MBA preferred)

Tools

Bloomberg

Excel (including VBA)

Intex

Trepp

Job description

Join us as a PrimaryCMBSTraderVice President. At Barclays, our vision is clear –to redefine the future of banking and help craft innovative solutions. You will have deep expertise in CMBS or structured products to join our team and drive trading strategies, P&L generation, and risk management. The role involves analyzing complex deal structures, loan-level data, and market trends while executing trades and managing positions across conduit and SASB transactions. You will work cross-functionally with structuring, origination, risk, and other internal teams, and maintain strong relationships with investors and counterparties. A strong technical foundation, decisive thinking under pressure, and exceptional communication skills are essential in this fast-paced trading environment.

To be successful as a PrimaryCMBSTraderVice President, you should have:

• Deep understanding of CMBS structures, bond math, and prepayment modeling

• Proficiency with Bloomberg, Intex, Trepp, and Excel (including VBA)

• Experience in commercial real estate finance, credit analysis, or securitization

• Knowledge of credit rating methodologies and regulatory frameworks

Some other highly valued skills may include:

• Strong decision-making skills under pressure with balanced risk assessment

• Clear, confident communicator of trade rationale and market views

• Proven ability to build and maintain internal and external relationships

• High attention to detail in documentation, pricing, and execution

You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is located in our New York, New York office.

This role is FINRA regulated.

Minimum Salary: $155,000

Maximum Salary: $250,000

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.

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.

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.