Senior Trader, Carbon & Environmental Products

Barclays

Barclays Overview

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Our purpose is creating opportunities to rise. We support sustainable and inclusive growth by connecting the ideas, innovations and aspirations of our customers and clients to the capital that can bring them to life. For over 325 years we have funded progress, and today we remain committed to helping make our world more sustainable, more inclusive, and more connected.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

We are an equal opportunity employer and we are 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. 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.

About Markets

We serve our institutional investor clients by helping them to understand developments in global markets and offering execution and risk management tools across each major asset class.

About CIB Sustainable Finance

Sustainable Finance is a rapidly growing field that focuses on integrating environmental, social and governance considerations into financial decision making with the aim of promoting long-term sustainable development and mitigating the negative impacts of economic activity on the environment, society and economy.

Barclays’ Corporate and Investment Bank is uniquely positioned to develop a market leading sustainable finance franchise through the delivery of a full suite of products, solutions and expertise to our clients as they navigate the transition to a low-carbon economy.

Job Description:

We are seeking a creative, profit focussed individual who wants to drive growth and build material new business at Barclays.Working closely with the Head of Carbon & Environmental Products Trading, you will drive the expansion of our trading capability, building a leading trading franchise across multiple compliance markets in carbon & environmental products.

Working in a rapidly evolving business, you be able to successfully navigate complex and dynamic regulatory environments, build effective relationships across internal and external stakeholders and maintain a strong focus on delivering material and sustainable revenue contributions.This role is a challenging position with excellent opportunities for development and leadership both within Carbon & Environmental Products Trading and Barclay’s wider Markets business.

Key Responsibilities:

Lead daily trading activity for the Carbon & Environmental Product trading business, market making and risk managing positions across multiple markets (physical and financial) in a risk controlled, capital efficient and cost-effective manner

Act as a subject matter expert on Carbon & Environmental Product Trading within the bank, working closely with colleagues to promote the franchise with internal stakeholders and building credible pathways for new business development

Develop deep technical, market, and technological expertise in order to build dynamic trading strategies, position for opportunity ahead of market evolution and pivot quickly in response to any regulatory change

Manage interface with clients/brokers/exchange to ensure best execution is always performed and the desk always remains aligned with rules and regulations across all trading venues and platforms in which it operates

Work closely with Fundamental and Quantitative analysts to build a leading analytics capability, regularly devising and implementing trading strategies, ensuring optimal risk management and issuing value add commentaries that strengthen and further embed the banks the client franchise

Drive strategic growth – whilst initial focus will be to build a leading EU-ETS and UK-ETS trading business, there is significant scope and expectation to grow our capabilities and build a material portfolio beyond this common starting point.Expect to leverage the client franchise and use your expertise to develop new products and additional market entries that drive sustainable long-term revenue

Proactively work with supporting teams, especially Operations and IT, to develop systems and architecture that enable the desk to accurately capture, manage and settle physical and financial contracts and effectively scale operations as the business grows

Key Requirements

Significant front office experience in carbon, energy or low carbon markets with an excellent and well proven track record of revenue delivery

Deep understanding of carbon & environmental compliance markets, well attuned to policy and regulatory developments across the EU and UK and solid comprehension of wider markets and expansion opportunities (e.g., ETS2, CCAs/RGGI, REDII & Renewables certificates)

Proven track record in developing innovative structured deals in Carbon & Environmental Products, successfully taking them through the life of a deal process from approval through to execution and ongoing risk management

Highly entrepreneurial with significant appetite to play a leading role in developing an agile, high performing business that expects to consistently grow and innovate against the backdrop of rapidly evolving environmental markets and policy

Outward leadership – proven capacity to build and participate in highly-engaged, results focussed and productive teams that bring out the best in others

Strong relationship management skills with a well evidenced ability to build trust and credibility at the most senior levels internally and externally

Sharp technical expertise in derivatives trading and fundamentals, well evidenced by strong problem-solving abilities and a proven track record of quantitative analytics to drive enhanced revenue generation

Solid comprehension of Article 6, voluntary carbon, and the fundamental drivers and policy pathways that can help establish transactions and flows between voluntary markets and compliance schemes

Ability to quickly see beyond scope of own team towards opportunities and connections across Barclay’s wider markets and sustainable finance businesses