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AVP – Whole Loan Trading

New York, NY

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AVP – Whole Loan Trading

New York, NY

Apply for job

Date live: May. 01, 2024

Business Area: Barclays International

Area of Expertise: Trading

Reference Code: 90387684

Contract: Permanent

Salary / Rate USD 125000 to 170000

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Assistant Vice President - Whole Loan Trading 
New York

This role is regulated by FINRA.

As a Barclays Assistant Vice President in Whole Loan Trading, you will be supporting the US Residential Whole Loan Trading desk in their daily trading and risk management roles, calculating P&L and daily pricing, as well as portfolio analysis, surveillance, and other various projects. This is an opportunity to work alongside infrastructure partners from middle office, credit risk to product control in supporting activities related to trading book ranging from trading booking and settlement issues through to stress loss simulations.

Salary / Rate Minimum: $125,000
Salary / Rate Maximum: $170,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.

Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.

Colleagues who have applied for 'onsite' roles are expected to work four or five days a week at the selected workplace, contingent upon their specific role and business area requirements. If you're applying for a position, please discuss the working pattern specifics with the hiring manager. It's important to note that we are constantly adapting our working environment, and as a result, working arrangements can be adjusted with reasonable notice to align with our business needs.

What will you be doing?

•    Supporting the trading desk with deal lifecycle activities related to US Residential mortgages from bid, acquisition, disposition and securitization
•    Working with market and credit risk on simulation of stress loss parameters related to the book
•    Running forecasting, structuring and arbitrage analytics to compare against securitized deal execution
•    Managing the calculation of daily P&L, risk exposures, hedges and various other market driven metrics
•    Assisting in the marking of the WLT desk positions and working with infrastructure partners to maintain a good control environment
•    Optimizing the day-to-day oversight of the liability side/funding equation of the trading book [$3B+ balance sheet]
•    Automating risk management processes through the use of VBA, Python and Tableau in order to ensure a more efficient control environment 
•    Collaborating on the enhancement of internal infrastructure and framework, including automation of processes and collaboration with various groups within Barclays

What we’re looking for:

•    Bachelor’s Degree in Engineering, Computer Science, Information Technology, Finance, Economics, or Mathematics and three to five years’ experience in financial services 
•    Must demonstrate an interest in real estate with experience or relevant coursework considered a positive
•    Excellent analytical and logical reasoning skills
•    Ability to quickly learn and adapt to a changing trading and policy environment

Skills that will help you in the role:

•    Good data analytical skills and proficient across Python or SQL
•    Proficient with Microsoft Excel, Bloomberg, Intex Dealmaker
•    Ability to work in a dynamic, fast-paced and high pressure environment
•    Good verbal and written communication skills to drive franchise business, collaborating with Sales and Research

Where will you be working?

You will be working at our Americas Headquarters at 745 Seventh Avenue. This 32-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness center and state-of-the-art LED signage on the facade of the building.

#LI-Onsite

#LI-MA2022

More about working at Barclays

Barclays offers corporate and investment banking and credit card services in the US. Our 10,000 US colleagues are located in offices across the country, with headquarters in New York City, a world-class campus in Whippany, New Jersey hosting our Technology and Functional Teams, and sites in Nevada and Delaware supporting our contact center operations.

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

We are an equal opportunity employer and 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, colour, 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.

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a Carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility then please discuss this with the hiring manager.

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