Barclays Bank UK Job Opportunities - Head of Trading
Organisation: Barclays Bank UKBarclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers. As of 31 December 2011, Barclays had total assets of US$2.42 trillion, the seventh-largest of any bank worldwide.Job Summary: The Head of Treasury will be accountable for the Treasury Trading team, focusing on executing the separate and distinct mandates as they relate to the Trading Book Portfolios. The incumbent will be ensuring that all risks are managed under the separate portfolios in line with the respective dealing mandates and the respective policies and procedures, with special focus being placed on the management of the Investment portfolio, funding and liquidity and trading income.Key Duties and Responsibilities: 1. Treasury Trading: To be accountable for the Treasury Trading and related functions, focusing on executing all FX, Bond and Equity trading, as may be relevant, whilst achieving income and business unit growth objectives.Ensuring the traders undertake the following:The generation of trading income with the objective of achieving income and business unit growth objectives;The provision of pricing to the interbank market and to the sales dealers;Ensuring that that all risks are managed under the respective portfolios according to the dealing mandate and the respective policies and procedures (adherence to market risk limits, credit risk limits, tenor limits).Developing and executing trading strategies in line with the Treasury strategy, the Barclays Africa trading strategy, and the trading mandateApproving the execution of trading strategiesAnticipating market developments and identifying trade opportunities with risk-adjusted superior returnsEnsuring that the daily transactions and trading activities conform to the set business unit goals and objectivesWorking closely with the Africa trading desk and Africa Sales to support the roll out of Risk Management Products (RMP’s)Reviewing and evaluating the performance of individual traders based on business development, income, relationships with counterparties and the regulator, and efforts in growing the trading franchiseStaying updated with market intelligence and market movements and regularly updating the treasurer, the sales team, and the broader treasury teamGenerating a daily flash P&L by the cut-off time as advised by Barclays Africa TradingEstablishing excellent working relationships with bank counterparties and the regulator (as is appropriate)2. Risk Management and Reporting: 20%Driving the annual planning and review of trading STP, RAF and MTP budgetsProviding input in and approving dealer mandates for further approval by the head of treasury prior to submission to riskReviewing daily risk and P&L reportsActively managing one’s own and the team’s technical and soft skills developmentResearching, identifying and proposing training solutions to senior management for one’s own and for the team’s developmentQualifications, Skills and Experience: The applicant must hold a relevant Bachelor’s DegreeACI Dealing CertificateAt least three to five years’ experience related experiencePast Market Making experiencePrior Money Market and Funding experiencePast management experienceTrading experience is an added advantage Comprehensive trading knowledge / experience of local market Rates and FX productsGood knowledge and understanding of the policies, procedures and ethical requirements of a Treasury environmentSubject matter expertise and relevant experience (banking and Treasury)Skills in leadership and team managementGood negotiation skillsA good communicator who is able to articulate the rationale for liquidity control and add value to business stakeholdersGood Money Management skills;Understanding of treasury operational processes and controlsExcel competencyUnderstanding of the mathematic of pricing for FX and Money Markets is highly preferred Good knowledge and understanding of political and economic activity and the impacts on exchange rates and interest ratesIf you feel challenged by any of the above positions, and believe you can deliver on key deliverables as outlined above, upload your application letter, current curriculum vitae and photocopies of academic certificate to our recruitment website detail below:Barclays is an equal opportunity employer that recruits, develops and promotes people on merit, and rewards outstanding performance, regardless of background and gender.For queries contact us on 0417122453 or email: barclays.uganda@barclays.comFor More Ugandan Jobs, Please Visit http://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline
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