Sunday, September 9, 2012

VP - US Equity Finance Trader

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Ref 52122
Country USA
City New York
Business Area Prime Services
Contract Type Permanent
Estimated publish end date 

Department OverviewBarclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.
We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We?re one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management.

Main Function 
US Equity Finance trader working on the specials desk (part of a three person team) managing the book of US specials/hard to borrow names and special situations trades. This role has a mandate to provide locates to clients, interact with Financing Sales on client planning, manage the specials book P&L, own the risk associated with corp actions trades, manage buy-in/recall exposure and aid in the further development/automation of trading tools/processes.
* Manage specials inventory across the division, coordinating with the Supply Team and facilitating coverage of broker/dealers and retail accounts
* Provide locates to internal and external clients
* Provide content, market color and trade idea generation in an effort to help maximize the client penetration sales effort
* Responsible for trading and pricing US corp actions, special situation trades and sourcing synthetic inventory through outperformance/options strategies
* Work with quants, financing sales, specials trading and research teams to develop ideas and establish the axe/focus list.

Person Requirements 
Basic Qualifications: 
* NASD Series 7, 63 registered
* 3+ years in Equity Finance/Securities Lending or relevant equity/options trading experience

Preferred Qualifications:
* Strong trading skills and an understanding of pricing corporate action trades
* In-depth product and market knowledge
* Strong client relationships and communication skills

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