CM & FX cross asset trader

Purpose of the role

To transform innovative ideas into their successful launch and deployment in the market, including management & execution of orders received from PBWM business areas, ensuring that all client deals are executed in a professional manner, through direct negotiation across our approved market counterparties meeting our best execution obligations in line with established policies and procedures.   

Accountabilities

• Collaboration with various teams and departments, including Discretionary Portfolio Management, Private Bankers, Execution Only, Smart Investor, Technology, Operations, COO,  design, marketing, technology, risk, product development and legal & Compliance to utilise their unique skillsets to support the development of products, whilst taking account of evolving market demands, customer feedback and regulatory requirements, adherent to tight deadlines.
• Addressing trading and operational risks through continuous input into supporting the development of detailed project plans that outline timelines, milestones, dependencies and resource allocation for each initiative product launch, and monitor developments to support the identification and mitigation of potential risks.
• Stakeholder management including internal teams, senior colleagues, and external partners, providing timely updates and addressing concerns.
• Development and execution of training initiatives and product documentation for the utilisation of internal teams, such as sales and customer service, to improve knowledge and quality of customer support and product maintenance.
• Management of the migration of existing data to new systems and ensuring seamless integration with existing platforms. Execution of all client deals, ensuring that are executed in a professional manner, through direct negotiation across our approved market counterparties meeting our best execution obligations in line with established policies and procedures.
• Execution of pilot programs and analysis of customer feedback to identify areas for improvement and refine the product before rollout/launch.
• Keep up to date with market news and stay abreast of upcoming primary market issues in order to manage the book building of internal client orders and communication with the relevant sale and syndicate teams managing the book on behalf of the issuer.
• Provision of support to customers experiencing issues with the new product and working to resolve them efficiently.
• Maintain relationships with Market Counterparties by supporting the management of regular service meetings with major counterparties and our chosen Multilateral Trading Facility (Providers) with a view to improve upon the current service offerings.

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.

Join us as a CM & FX cross asset trader in our Private Bank and Wealth Management team in our Monaco office.

You will be a Trader specialized in FX (spot, forward, swaps, OTC derivatives, complex options) and Capital Markets (equities, bonds, ETO/complex OTC), responsible for generating content and trade ideas for Private Banking UHNWI clients and executing orders.

Key responsibilities:

• Execute and manage FX and CM products for UHNWI clients
• Develop trade ideas and market content (morning notes, cross‑asset strategies) to support bankers, IAs and clients
• Ensure best execution across electronic platforms and voice trading
• Monitor and manage FX risk (limits, P&L, VaR)
• Collaborate with bankers, IAs, structuring, and product teams to deliver tailored solutions
• Oversee pre‑trade checks and compliance (MiFID, EMIR, appropriateness)
• Drive growth in wallet share

Essential Skills/Basic Qualifications:

• Proven experience in FX and Capital Markets trading for Private Banking clients
• Fluent English and French speaker
• Strong knowledge of regulatory frameworks (MiFID, EMIR) and risk management processes
• Advanced proficiency in pricing tools and in-house and external trading platforms (BARX, COMET)

Desirable skills/Preferred Qualifications:

• Degree in Finance, Economics, or related fields.
• Professional certifications (CFA, ACI)

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role may be based in Monaco.