Assistant VP FX Options Trader

Assistant VP, Fx Options Trader

Barclays Capital Inc. seeks an Assistant VP, Fx Options Trader in New York, NY to provide extensive coverage of a broad suite of clients in the US, including hedge funds and corporates, along with the sales workforce. This role involves providing continuous market trading color and is responsible for End-of-Day (EOD) PNL flash and accounting, as well as daily market commentary. The successful candidate will be the go-to trader in the US for desk risk runs, responsible for enhancing risk batches and run efficiency. They will manage a global options book, taking ownership of the entire franchise from front to back, including client engagement, pricing, and risk management. Daily review of desk positions, including risk and P&L, for adequacy and appropriateness is also a key responsibility. The role requires communication with the global business head to ensure awareness of client flows and key risk positions. This position may telecommute.

Purpose of the Role

The primary purpose of this role is to buy and sell financial instruments, such as bonds, stocks, and derivatives, to generate revenue for the bank. This is achieved through the analysis of market conditions, execution of trades, and management of risk.

Accountabilities

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

Assistant Vice President Expectations

As an Assistant Vice President, you will advise and influence decision-making, contribute to policy development, and take responsibility for operational effectiveness. You will collaborate closely with other functions and business divisions. You will lead a team performing complex tasks, utilizing well-developed professional knowledge and skills to deliver work impacting the entire business function. This includes setting objectives, coaching employees, appraising performance, and determining reward outcomes. If the position has leadership responsibilities, People Leaders are expected to demonstrate clear leadership behaviors (Listen and be authentic; Energise and inspire; Align across the enterprise; Develop others) to create an environment where colleagues can thrive. For an individual contributor role, you will lead collaborative assignments and guide team members, identify the need for specialized input, and explore new directions for assignments and projects using cross-functional methodologies. You will consult on complex issues, providing advice to People Leaders for escalated issues, and identify ways to mitigate risk and develop new policies/procedures. You will take ownership for managing risk and strengthening controls. You will perform work closely related to other areas, understanding how they coordinate to achieve organizational objectives. Collaboration with other business-aligned support areas is essential to stay updated on business activity and strategy. You will engage in complex data analysis from multiple internal and external sources to solve problems creatively and effectively, and communicate complex information, including sensitive or difficult-to-convey content, influencing stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values: Respect, Integrity, Service, Excellence, and Stewardship. They will also demonstrate the Barclays Mindset: Empower, Challenge, and Drive.

Key skills/competency

• FX Options Trading
• Risk Management
• Financial Markets
• Trading Strategies
• Client Engagement
• Trade Execution
• PNL Management
• Market Commentary
• Hedge Funds
• Corporates