Treasury Funding and Investments

Job Description

Purpose of the role

To buy and sell financial instruments, such as bonds, stocks, and derivatives, to generate revenue for the bank by the analysis of market conditions, execution of trades, and management of risk.  

Accountabilities

• Development and implementation of trading strategies that align with the bank's risk appetite, investment objectives, and market conditions, and monitoring of market movements to adjust trading strategies accordingly.
• Execution of trades on behalf of the bank, or proprietary trading desks, while adhering to the bank's trading strategies and risk parameters.
• Maintenance of accurate and timely trading records, prepare daily and monthly trading reports, and contribute to the evaluation of the overall trading strategy.
• 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, including setting and maintaining stop-loss limits and ensuring compliance with regulatory and internal risk management guidelines.
• Raise unsecured funding in the International Money Market.
• Execution of Structural Hedges for hedging IRRBB.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• 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 be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills 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.

What will you be doing?

Barclays Bank PLC seeks Treasury Funding and Investments – USD Portfolio Manager, VP in New York, NY (multiple positions available):

• Responsible for nominal duration and asset swap risk in TFI-NY’s UST holdings with a specific focus on long end of the UST curve (20~30yr maturities). Needs to actively assess and manage portfolio risk exposure to align with current market views, within parameters of investment guidelines. Articulate views across multiple time horizons (short to long term) and strategies (AFS, HTC, MTM; directional macro view vs RV).

• Responsible for managing AAA CLO debt portfolio spanning across BB PLC and BBIE entities. Conduct stringent due diligence at CLO issuer and deal levels to assess investment suitability, develop productive partnerships with internal and external stakeholders, and ensure smooth trade execution.

• Responsible for rigorous, granular risk and controls on CLO portfolio by generating quarterly credit risk dashboards with comprehensive quantitative view of risk exposures and ensure process compliance from legal / tax/ risk perspective throughout life cycle of the investment.

• Generate sufficient total return on capital on investments ideas to meet the bank’s MTP. Develop and build investment process with a cross market / cross asset macro approach to seek best opportunities that achieve target returns.

• Strictly follow rules and regulations / conduct guidelines defined by external regulators and internal governance / compliance in all facets of the role.

• Develop and maintain analytical tools that are designed to understand risk and PnL of TFI NY’s portfolio. Leverage Python-based infrastructure to access granular trade data from internal systems, and aggregate into customizable live reports. Reference XML-based source data and resolve bugs/discrepancies in high level analytic tools.

• Verify formally reported PnL and investigate discrepancies with Finance teams. Build on solid conceptual understanding of PnL mechanics across different products and seek to improve internal models and methodologies.

• Forecast carry projections of TFI-NY’s portfolio on a biweekly basis for each book, accounting for forward expectations of inflation and rate path, and other customized assumptions as needed.

Salary / Rate Minimum/yr: $220,000 per year

Salary / Rate Maximum/yr: $242,000 per year

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.