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Analyst - Structured Rates Trading - Job Opportunity at Barclays

Singapore, SG
Full-time
Mid-level
Posted: June 27, 2025
Hybrid
Based on the mid-level analyst position at a top-tier investment bank in Singapore's competitive financial market, the total compensation package likely ranges from SGD 120,000 to SGD 180,000 annually, including base salary of SGD 80,000-120,000 plus performance-based bonuses that can represent 30-50% of total compensation in structured trading roles.

Benefits

Comprehensive career development opportunities with global exposure across major financial centers including London, New York, Tokyo, Hong Kong, and Singapore
Access to world-class training and development programs designed to build expertise in structured rates trading and derivatives
Opportunity to work with cutting-edge financial technology and trading platforms used by leading market makers
Exposure to high-level client relationships and complex structured product development
Competitive compensation package aligned with top-tier investment banking standards
Comprehensive health and wellness benefits typical of major international banks
Flexible working arrangements with hybrid work options balancing collaboration and personal needs
Access to state-of-the-art office facilities in Singapore's integrated live-work-play development with dining, fitness, and recreational amenities

Key Responsibilities

Execute sophisticated buy and sell orders for interest rate options and structured notes while maintaining strict adherence to risk parameters and trading strategies that directly impact the bank's market-making profitability
Manage and optimize a global trading book through strategic coordination with counterparts across Japan, Hong Kong, Singapore, New York, and London, ensuring 24-hour market coverage and maximum trading opportunities
Generate innovative trade ideas and collaborate with Structuring and Sales teams to develop client-focused solutions that enhance Barclays' competitive position in the structured rates market
Monitor and analyze global financial markets, economic indicators, and geopolitical events to identify profitable trading opportunities and proactively manage portfolio risks
Lead risk management initiatives for the trading portfolio, ensuring full compliance with both regulatory requirements and internal risk management guidelines while optimizing capital efficiency
Collaborate with research analysts and cross-functional teams to gather market intelligence and insights that inform strategic trading decisions and client recommendations
Drive continuous improvement in trading processes and systems to enhance operational efficiency and maintain Barclays' position as a leading rates options house

Requirements

Education

University / Master degree from top schools

Experience

Relevant experiences in Global Markets

Required Skills

Strong analytical skills Proficient in Python Proficient in VBA Familiar with rates options products and their associated risks Good knowledge and certain level of independence in pricing, risk management and life cycling of trades Keen interest in macro market and options trading Risk and controls Change and transformation Business acumen Strategic thinking

Certifications

Regulated by the Monetary Authority of Singapore (MAS)
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Industry Trends

The structured rates trading market is experiencing significant growth driven by increased institutional demand for sophisticated hedging solutions and yield enhancement strategies in a volatile interest rate environment. Central bank policy divergence across major economies is creating unprecedented trading opportunities in cross-currency basis swaps and structured notes. Digital transformation in trading operations is accelerating, with artificial intelligence and machine learning becoming essential tools for risk management and trade execution. Banks are investing heavily in Python-based trading systems and automated pricing models to maintain competitive advantage. Regulatory changes including Basel III implementation and MiFID II requirements are reshaping the structured products landscape, creating demand for professionals who can navigate complex compliance frameworks while maintaining profitability.

Role Significance

Typically operates within a team of 8-12 professionals including senior traders, structuring specialists, and sales coverage, with direct collaboration across global offices representing a virtual team of 30-40 professionals across time zones.
This is a mid-level analyst position with significant autonomy and direct P&L responsibility, requiring independent decision-making capabilities and the ability to manage complex risk exposures. The role sits at the intersection of trading, structuring, and client coverage, indicating substantial influence on business outcomes.

Key Projects

Development and implementation of new structured note products targeting specific client segments and market conditions Cross-currency basis optimization strategies leveraging arbitrage opportunities between different interest rate environments Risk management system enhancements to improve real-time monitoring and automated hedging capabilities Client-specific hedging solutions for large institutional investors seeking to manage duration and convexity risks

Success Factors

Mastery of quantitative modeling techniques and the ability to rapidly adapt pricing models to changing market conditions while maintaining accuracy under pressure. Success requires deep understanding of interest rate derivatives mathematics combined with practical trading intuition. Exceptional relationship management skills to work effectively with global counterparts across different time zones and cultural contexts, as the role requires seamless coordination with teams in major financial centers to maintain continuous market coverage. Strategic thinking capability to identify emerging market trends and translate them into profitable trading opportunities, particularly in the context of central bank policy changes and macroeconomic shifts affecting interest rate volatility. Risk management expertise that goes beyond technical knowledge to include practical judgment about position sizing, hedging strategies, and the ability to communicate complex risk scenarios to senior management and clients.

Market Demand

High demand driven by the critical shortage of professionals with combined expertise in structured products, Python programming, and Asian market knowledge, particularly as banks expand their electronic trading capabilities and structured product offerings in the APAC region.

Important Skills

Critical Skills

Python programming proficiency is absolutely essential as modern structured rates trading relies heavily on automated pricing models, risk management systems, and algorithmic execution strategies. The ability to develop, modify, and troubleshoot trading algorithms directly impacts daily P&L and risk management effectiveness. Deep understanding of interest rate derivatives and their associated risks is fundamental to success, as the role involves making real-time pricing decisions and managing complex risk exposures that can significantly impact the bank's financial performance. This knowledge must extend beyond theoretical understanding to practical application under market stress. Cross-cultural communication and collaboration skills are critical given the global nature of the role, requiring effective coordination with teams across multiple time zones and cultural contexts. Success depends on building trust and maintaining clear communication channels that enable seamless 24-hour trading operations.

Beneficial Skills

Knowledge of additional programming languages such as C++ or R would enhance analytical capabilities and provide greater flexibility in developing custom trading tools and risk management applications. Understanding of regulatory frameworks across multiple jurisdictions, particularly MAS, FCA, and SEC requirements, would enable more effective navigation of compliance requirements and facilitate career progression into senior roles with regulatory oversight responsibilities. Experience with machine learning and artificial intelligence applications in trading would provide significant competitive advantage as the industry continues to evolve toward more sophisticated automated trading strategies and predictive analytics.

Unique Aspects

This role offers exceptional exposure to global markets through direct collaboration with trading desks in five major financial centers, providing unparalleled learning opportunities in cross-market arbitrage and 24-hour risk management strategies.
The position combines traditional institutional trading with cutting-edge technology implementation, requiring proficiency in Python programming alongside deep financial markets knowledge - a combination that positions professionals at the forefront of trading evolution.
Barclays' structured rates business operates as a global center of excellence model, meaning professionals in this role contribute to worldwide product development and risk management strategies, not just regional execution.
The role offers direct client interaction combined with proprietary trading responsibilities, providing comprehensive experience across both relationship management and pure trading functions that is rare in today's specialized banking environment.

Career Growth

Progression to VP level typically occurs within 3-4 years for high-performing analysts, with director-level roles achievable within 6-8 years given the specialized nature of structured rates expertise and the premium placed on professionals who can navigate both technical and commercial aspects of the business.

Potential Next Roles

Vice President - Structured Rates Trading with expanded P&L responsibility and team leadership components Director - Rates Trading Strategy focusing on cross-asset trading opportunities and new product development Managing Director - Global Rates with oversight of multiple trading desks and strategic business development responsibilities Head of APAC Structured Products with regional leadership and client relationship management focus

Company Overview

Barclays

Barclays is a British multinational investment bank and financial services company with over 325 years of history and significant global presence. The bank operates one of the world's largest investment banking divisions with particular strength in fixed income, currencies and commodities (FICC) trading, maintaining leading market positions in rates, credit, and structured products.

Barclays ranks among the top 5 global investment banks in rates trading and maintains a leading position in the structured rates market, particularly strong in European and Asian markets. The bank's technology infrastructure and electronic trading capabilities are considered industry-leading, making it a preferred counterparty for institutional clients.
Singapore serves as Barclays' primary Asian hub with over 50 years of regional presence, functioning as the central coordination point for APAC trading operations. The Singapore office plays a crucial role in the bank's 24-hour global trading strategy, bridging European and American markets while serving as the primary access point for Asian institutional clients.
Barclays emphasizes a collaborative, performance-driven culture with strong focus on professional development and cross-functional teamwork. The bank's LEAD leadership framework promotes authentic leadership and continuous learning, while the hybrid working model reflects modern workplace flexibility balanced with the collaborative needs of trading operations.
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