- Entry level
- No Education
- Salary to negotiate
- New York City
CMBS Trader - 90226967
Primary Location:US-New York-745 Seventh Avenue, New York, NY
Posting Range:6 Mar 2019 - Ongoing
Managing Director, CMBS Trader
New York, NY
This role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
The credit trading desk is top-rated in the US. The desk seeks to maximize the Firm’s return on capital while operating under preset balance sheet and credit parameters.
What will you be doing?
You will be the the primary market maker for CMBS trading. You will be responsible for:
· Entering BWICs into our spreadsheet, tracking BWIC color
· Tracking client axes / manager approved lists
· Tracking orders / color we get from accounts
· Updating our PL spreadsheet / trade blotter
· Maintaining inventory spreadsheet
· Working with PC/Ops on settlements and conversions
· Deep-dive analysis on mezz/equity positions and collateral
Maintaining due diligence documents
• Maintaining deal documents
• Updating deal doc database with refi / reinvest language for new deals
• Tracking manager stats, performance, and risk retention status
Month-end pricing/challenges with CVG
• Running daily/weekly analytics process
• Putting together charts for weekly commentary
What we’re looking for:
· Bachelor’s Degree
· 10+ years of experience working in Credit Trading at a financial services firm
· 10+ year of demonstrated Trading experience with client relationships
Skills that will help you in the role:
· Series 7 & 63
· Existing Client Relationships
· Strong interpersonal skills with the ability to communicate well
· Team player with great upside potential
· Strong analytical and adaptive skills
Where will you be working?
You will be working at our Americas Headquarters at 745 Seventh Avenue. This 37-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. The building is easily accessible to Restaurants, Shops and Public Transportation.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.
Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.
We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, 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.
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.
Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards
Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances.
About the company
Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide.
We have over 325 years of history and expertise in banking. From our beginnings in Lombard Street, London through to the launch of the world’s first ATM and innovative mobile phone payments services, find out more about our achievements to date.
Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.