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Director, Risk Program Trading
Barclays Capital
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
Program Trading executes systematic portfolio trades for clients on a risk or agency basis as required and suitable for clients’ execution benchmarks. The desk deploys quantitative tools and techniques to price liquidity and risk in order to offer optima trading solutions for customers.
What will you be doing?
We are looking for a senior trader with 10+ years of experience in Program trading. You will be utilizing quantitative metrics for pricing and trading risk baskets. You will be responsible for facilitating client trades, hedging and unwinding the risk. You should have a strong understanding of Index rebalances and passive Index flows in order to manage our inventory positions.
Key Accountabilities
• Execution trader for Blind risk programs.
• Hedging and unwinding client facilitation trades.
• Positioning inventory for trading event driven corporate actions.
• Working with data scientists to develop quantitative strategies.
Stakeholder Management and Leadership
You will report to the trading desk with close interactions with Sales coverage. You will need to be professional and knowledgeable in your presentations. You will need to build a strong working relationship with other desks within the Equities division.
Decision-making and Problem Solving
You will need to utilize quantitative metrics for evaluating risk and liquidity; have a strong understanding of market micro structure and experience with sourcing liquidity from various exchanges and venues. You are expected to contribute in building execution technology and algorithms for our business.
What we’re looking for:
• 10+ years of trading experience
• Understanding of liquidity seeking algorithms [VWAP, TWAP, Implementation shortfall]
• Understanding of portfolio theory and risk/liquidity models
• Experience with client interactions
Skills that will help you in the role:
• Understanding of Index rebalances
• Competency with data analysis techniques
• Experience with Canada & Latin America markets [Mexico, Brazil, Argentina]
Where will you be working?
You will be working at our Americas Headquarters at 745 Seventh Avenue. This 37-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness center and state-of-the-art LED signage on the facade of the building. The building is easily accessible to Restaurants, Shops and Public Transportation.
Our Values
Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.
Our Diversity
We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.
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.
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.
Our Benefits
Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility then please discuss this with us.