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Whole Loan Trading Associate

Employer
Barclays
Location
New York, USA
Salary
Competitive
Closing date
Feb 9, 2023

View more

Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Barclays Capital Inc.

What will you be doing?

1. Support the whole loan trading desk in all trading activities related to U.S. residential mortgages, from bid evaluation, acquisition, disposition and securitization.
2. Work with market and credit risk on simulation of stress loss parameters related to the book.
3. Run forecasting, structuring and arbitrage analytics to compare against securitized deal execution.
4. Optimize the day to day oversight of the liability side/funding equation of the trading book [$3B+ balance sheet].
5. Oversee and liaise with middle office and operations on the infrastructure build-out associated with this nascent business.
6. Utilize and augment existing third party technology to streamline desk operations and analysis.
7. Assume responsibility for Profit & Loss (P&L) production and oversight as generated by the product control group.
8. Assist in the marking of whole loan trading (WLT) desk positions and execute models that involve cash flow analysis and stochastic systems.
9. Hedge credit and duration of mortgage loans with interest rate swaps and credit default swaps.
10. Automate risk management processes and visualize data on VBA, Python and Tableau in order to expedite weekly risk reporting processes and eliminate human error.
11. Monitor trading lifecycle using internal systems and Bloomberg to help manage balance sheet risk and regulatory reporting.
12. Execute risk models for trading activity and make sure trades are within the trader mandate (using trader mandate matrix and Barclays TM2 portal); present findings to help senior management determine desk trading limits based on risk exposure and regulatory requirements.
13. Telecommuting benefits available.

What we're looking for:

Employer will accept a Bachelor's degree in Engineering (any), Computer Science, Information Technology, Mathematics, or related field and 6 months of experience in the job offered or a related occupation. Experience can be gained through academic coursework or employment experience. Skills must include the following: 1) Regression and Forecasting using R or Python; 2) Data Analysis and Manipulation using Python or SQL; 3) Cash flow and Capital Analysis; 4) Stochastic Systems Modeling; 5) Data Visualization with Tableau; 6) Trade Lifecycle Management; and 7) Trade Surveillance & Risk Management.

Where will you be working?

You will be working at our New York, New York location 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 façade of the building. The building is easily accessible to Restaurants, Shops and Public Transportation. Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

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 Benefi ts

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.

Salary / Rate Minimum/year: $140,000
Salary / Rate Maximum/year: $140,000

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.

This position is eligible for incentives pursuant to Barclays Employee Referral Program.

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