Join us as Vice President - Global Markets where you will be responsible for Market-making and risk management across INR Rate products with focus on INR OIS, ND-OIS and derivative products. Managing client and interbank flow, pricing, execution and hedging activities. Running DV01, curve, basis risks within approved risk limits. Generating trading ideas and positioning based on macroeconomic, policy and market developments. Partnering with Sales to deliver client solutions and grow franchise revenues.
To be successful in this role, you should:
- Strong understanding of interest rate markets, OIS products and trading risk management.
- Commercial mindset with strong client focus and market awareness.
- Excellent analytical and decision-making skills.
- Ability to perform under pressure and manage risk in volatile markets.
- High standards of conduct, teamwork and accountability.
Basic / Essential Qualifications:
- Degree in Finance, Economics, Engineering, Mathematics or related quantitative discipline.
- Experience in Rates Trading, Fixed Income or Interest Rate Derivatives.
- Strong understanding of OIS/IRS products, curve dynamics and risk measures (DV01, PVBP).
- Knowledge of India rates markets and associated regulatory frameworks.
Desirable Skillsets / Good to Have:
- Direct experience trading IGBs, INR OIS and/or ND-OIS products.
- Knowledge of Bloomberg, Reuters and electronic trading platforms.
- Understanding of funding, bond and cross-market relative value strategies.
Key Performance Indicators (KPIs):
- Delivery of risk-adjusted trading revenues and P&L generation.
- Growth in client franchise, flow volumes and market share.
- Effective management of risk within desk mandates and limits.
- Bid-offer capture, market-making quality and flow retention.
- No material control, conduct, regulatory or operational breaches.
- Strong partnership with Sales and contribution to franchise growth.
You may be assessed on the critical skills relevant for success in role, such as:
- Trading judgement and market risk management.
- Commercial impact and client franchise development.
- Control mindset, regulatory compliance and conduct.
- Communication, collaboration and stakeholder management.
- Problem solving, analytical thinking and market insight.
Job location is Mumbai.
The role is regulated by RBI.
Purpose of the role
To execute trades and manage risk within a defined portfolio of financial instruments and staying informed about market trends and developments to make informed trading decisions.
Accountabilities
- Execution of buy and sell orders or pricing of liquidity in various financial instruments while adhering to the bank's trading strategies and risk parameters.
- 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 the risk associated with the trading portfolio and ensuring compliance with regulatory and internal risk management guidelines.
- Collaboration with research analysts and other teams to gather insights and information for trading decisions.
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.
