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Director - Global Markets

Employer
Barclays
Location
London, United Kingdom
Salary
Competitive
Closing date
Jun 10, 2023

View more

Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Barclays Overview

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

We are an equal opportunity employer and we are opposed to discrimination on any grounds.

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.

About Macro Distribution

Macro distribution is responsible for the distribution of Macro products (primarily Rates and FX) to the institutional client base of Barclays Investment Bank.

About Macro Hedge Funds
The Macro Hedge Fund Sales team is primarily (though not solely) the team that distributes Macro (predominantly Rates) product into the Hedge Fund client base.


Overall purpose of role


The role will have myriad constituent parts; primarily servicing client needs and backing up the team in all aspects of client relationship management. Distribution of macro products (mainly Rates) and corralling of internal resources (trading and research) to deliver best in class ideas and execution to the client set. Also, developing on-desk tools and spreadsheets will be required.

Key Accountabilities

• Ensuring efficient management of trade flow (executing, booking and confirming trades ).

• Interacting with Trading , Sales and Research to further understanding of the Macro universe and product set

• Working with research partners to hone our research offering in an evolving regulatory landscape

• Working alongside trading to deliver a seamless trading offering to our client set

• Helping to analyze flows, generate trade ideas and contribute to the mindshare on the desk and with wider stakeholders.

• Developing and taking responsibility/leadership for a set of key hedge fund clients.

• Helping to develop/train junior talent on the desk

Stakeholder Management and Leadership

In the broadest terms there are many stakeholders that will need due consideration.

Clients - These are the key external stakeholder

Macro Management - insofar as we aid the delivery of a returns based strategy (return on RWA &LBS).

Trading fraternity - Encouraging best in class delivery of our trading capability to the client set

Research fraternity - Encouraging best in class delivery of our research offering to the client set

Human Resources - Helping in the banks recruitment efforts and ensuring training of employees.

Decision-making and Problem Solving

Strong understanding of financial products (with a specific focus on Rates) with knowledge of interest rate derivatives (swaps and options in particular). From the outset, the candidate will be expected to manage and have responsibility for a set of key hedge fund clients. The candidate will be expected to execute, book and confirm trades across interest rates products. Knowledge of financial markets and themes is a prerequisite to this role, the candidate should be able to produce trade ideas and add to mindshare of the team shortly after commencing in the role.

Risk and Control Objective

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

Person Specification

• Experience in covering clients (especially Hedge Fund clients)

• Strong understanding of Rates Products (bonds, swaps and options in particular)

• Understanding of Barclays research offering and its relevance to the client set

• Experience of managing client relationships especially Hedge Fund clients.

• Understanding of financial markets/themes and ability to produce trade ideas and contribute to mindshare of the team

• Ability to self-motivate and understand new concepts quickly

• Strong work ethic and team-working skills

• Strong analytical skills

• Ability to use judgement especially where that can systematically improve the client experience.


Essential Skills/Basic Qualifications:


- Understanding of interest rates products and financial concepts

- Strong technical and analytical skills and understanding of macro environment

- Ability to work in a fast paced environment and multi-task

- Team working skills and strong communication skills

Desirable skills/Preferred Qualifications :

- Experience managing relationships with instistitional clients specifically Hedge Funds

- Ability to understand market themes, analyse flow and produce/disseminate trade ideas

- Ability to build and develop pricing models and spreadsheets

- Strong understanding of the regulatory framework and ability to develop strong relationships with internal stakholders, research, trading, compliance, legal, operations etc.

Regulated Role

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 and Values

Our purpose is creating opportunities to rise. We support sustainable and inclusive growth by connecting the ideas, innovations and aspirations of our customers and clients to the capital that can bring them to life. For over 325 years we have funded progress, and today we remain committed to helping make our world more sustainable, more inclusive and more connected.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect

We respect and value those we work with, and the contribution that they make.

Integrity

We act fairly, ethically and openly in all we do.

Service

We put our clients and customers at the centre of what we do.

Excellence

We use our energy, skills and resources to deliver the best, sustainable results.

Stewardship

We are passionate about leaving things better than we found them.

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