Delta One Trader - Global Markets

Job Description

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.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders 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.

We are seeking a Delta One Trader to join our Japan Equities business in Tokyo.

The role will support the trading and risk management of the Japan Delta One business, with responsibility for daily risk and P&L management, stock borrow and financing considerations, and portfolio optimisation.

The successful candidate will have a strong interest in Japanese equity markets and an understanding of the interaction between cash equities, derivatives, dividends, securities financing and funding. The role provides broad exposure across the Delta One platform and requires close collaboration with regional Trading, Stock Borrow & Lending, Prime, Structuring, Risk and other control functions.

Key Responsibilities

• Support the day-to-day trading and risk management of Japan Delta One positions.
• Monitor and explain daily P&L, market risk and key portfolio exposures, escalating material risks where appropriate.
• Develop a strong understanding of stock borrow availability, securities lending and financing costs, incorporating these into trading and risk decisions.
• Monitor corporate actions, dividend events, market developments and other factors affecting Delta One positions.
• Assist in the management and optimisation of funding, collateral and balance-sheet usage.
• Work closely with regional Delta One, SBL, Prime, Structuring, Risk and Product Control teams.

Skills & Experience

Essential

• Experience in Delta One, equities trading, securities lending, equity derivatives or a related markets role.
• Understanding of stock borrow and lending / equity financing.
• Strong quantitative and analytical skills with the ability to understand P&L and portfolio risk.
• Strong Excel skills; Python or other programming/data-analysis experience would be advantageous.
• Strong attention to detail and a disciplined approach to risk management and an ability to work in a fast-paced environment.

Preferred

• Experience or strong knowledge of Japanese equities and market structure.
• Experience analyzing dividends, corporate actions, borrow or financing.
• Japanese language capability would be advantageous.

Candidate Profile

We are looking for an analytical and commercially minded individual who is interested in developing a broad understanding of the Delta One trading lifecycle within a Tokyo-based Delta One franchise.

This role is regulated by Japan Securities Dealers Association (JSDA) and Financial Futures Association of Japan (FFAJ).

You may be assessed on key critical skills relevant for success in the role such as mathematics, finance, programming, risk and controls, change and transformation, business acumen, and strategic thinking.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific, and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.