Rates Product Manager - Global Markets

Job Description

Purpose of the role

To develop, launch, and manage the portfolio of financial products and services for the global markets, collaborating with a team of product managers, traders, risk managers, and other stakeholders to define product strategies, develop roadmaps, and bring new products to market, also playing a key role in gathering and analysis of market intelligence, identifying client needs, and developing competitive differentiators. 

Accountabilities

• Development and execution of product strategy for financial products and services offered within the Markets division.
• Identification of market opportunities and customer needs to create new products or enhance existing ones.
• Collaboration with cross-functional teams, including traders, sales, risk management, and technology, to define product requirements.
• Market data analysis to make informed decisions regarding product positioning and pricing.
• Management of the entire product lifecycle, from ideation to launch and ongoing maintenance.
• Monitoring of product performance, through analysing metrics and client feedback.

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.

Barclays are seeking a Rates Product Manager to join a high-performing Global Markets team. Acting as the bridge between Front Office stakeholders, clients, vendors, and technology teams, you will play a key role in shaping and enhancing trading capabilities across voice and electronic channels. You will work closely with trading desks to understand and document requirements, make key prioritization decisions thatdrive product and platform improvements, and ensure solutions align with business objectives. The role offers significant exposure to traders, sales teams, clients, market infrastructure providers, and senior stakeholders, providing an excellent opportunity to influence strategic initiatives while delivering tangible value to the business and its clients.

To be successful as a Rates Product Manager you should have:

• Proven experience within a Credit, FX, Rates or Equities Front Office environment
• Valid understanding of Linear Rates products, markets, and trading workflows
• Knowledge of trading systems architecture and electronic trading ecosystems
• Basic technical/coding skills with the ability to work closely with technology teams
• Excellent requirements gathering, stakeholder management, and communication skills

Other skills of value include:

• Understanding of Non-Linear Rates products and associated trading strategies
• Strong appreciation of how trading desks generate revenue and monetise flows
• Experience working within Agile delivery frameworks
• Proven ability to manage and prioritise multiple concurrent projects
• Experience engaging with trading venues, vendors, and market infrastructure providers

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

The position is based in our London Office.

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