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Director, Index Exotics Trader
Barclays Capital
New York, NY, United States
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Description
Barclays Overview
Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 135,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com.
Barclays offers investment banking products and services in the US through Barclays Capital Inc.
Barclays Values and Diversity
Our common purpose is to help people achieve their ambitions – in the right way. We’ll measure and reward our people, not just on commercial results, but on how they live our Values of Respect, Integrity, Service, Excellence and Stewardship and bring them to life every day. To find out more about working at Barclays and the development opportunities we offer please visit our website www.barclays.com
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
EEO Statement
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Risk and Control Objective
All Barclays colleagues have to ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards
About Global EFS
EFS Solutions is Barclays’ dedicated cross-asset structured solutions provider. The team works with a range of clients and is a recognised global leader in constructing structured solutions for both sides of the balance sheet.
Business Structure
Our business is organised through three solutions-focused pillars:
• Structured Solutions (Pillar 1)
• Investment Strategies (Pillar 2)
• Strategic Derivatives (Pillar 3)
Each is supported by our global structuring team, focused on structuring and origination across Equity and Credit Products as well as supporting Barclays’ Macro businesses. EFS Sales operate as a solutions focused cross-asset distribution team. By operating in this manner we can seamlessly move between asset classes to construct tailored solutions for individual needs.
All our activities are based on a firm foundation of Liquidity, Risk and Capital Management (LRCM).
About EFS Trading
The EFS Pillar 1 Trading team handles the trading and risk management of various non-vanilla equity derivatives products: structured notes, exotic OTCs, hybrid options and innovative tailored solutions. Clients include Private banks, Hedge Funds, Mutual funds, Pension Funds, Insurance companies, Family offices and Corporate clients.
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alien or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
“We are an equal opportunity employer and we are opposed to discrimination on any grounds.”
Overall Purpose of the Role
Full time opportunity on the EFS trading desk with a main focus on Pillar 1 Index Trading.
Key Accountabilities
• Hedging and risk managing the Index Pillar1 Trading books
• Driving the Index structured business by unlocking new business opportunities and help clients our existing clients succeed.
Stakeholder Management and Leadership
• Work closely with the structuring team and solution team to create solutions for our client base.
• Work closely with our Infrastructure team to roll out strategic solutions for booking, reporting and risk management.
Basic Qualifications
• Master’s degree or Bachelor’s degree in Quantitative field
• 6+ years of relevant experience in the financial services industry
• 6+ years of Index vol or Index structured trading experience.
• Excellent communication skills
Preferred Qualifications
• Series 7 & 63 Licences
• Numeracy and proficiency in Excel packages
• Excellent organizational skills, ability to prioritize task and meet deadlines
• Team player who is willing to pitch in & work with others to get the job done
• Broad experience of financial products and their practical applications
• Some familiarity with complex, non-standard transactions would be helpful
• Strong statistical foundations
• Knowledge of exotic equity products and relevant pricing models
• Experience trading options and volatility
• Experience trading long dated volatility and acting as a market maker (volatility, repos, dividends)
• Knowledge of hybrids and relevant pricing models
• Experience risk managing exotic books with path-dependent risks, specifically around autocall or barrier events, correlation risk, convexity, second order Greeks, etc…