Assistant Vice President - Global Markets (Delta One Trader)

About the role

Barclays is recruiting a Delta One Trader for its Japan Equities business in Tokyo. The role supports the trading and risk management of the Japan Delta One business, covering daily risk and P&L management, stock borrow and financing considerations and portfolio optimisation. It involves close collaboration with regional Trading, Stock Borrow & Lending, Prime, Structuring, Risk and other control functions. The position is regulated by the Japan Securities Dealers Association (JSDA) and the Financial Futures Association of Japan (FFAJ).

Key responsibilities

• Support the day-to-day trading and risk management of Japan Delta One positions.
• Monitor and explain daily P&L, market risk and key portfolio exposures, escalating material risks where appropriate.
• Develop a strong understanding of stock borrow availability, securities lending and financing costs, and incorporate them into trading and risk decisions.
• Monitor corporate actions, dividend events and other factors affecting Delta One positions.
• Assist in managing and optimising funding, collateral and balance-sheet usage.
• Work closely with regional Delta One, SBL, Prime, Structuring, Risk and Product Control teams.

Required profile

• Experience in Delta One, equities trading, securities lending, equity derivatives or a related markets role.
• Understanding of stock borrow and lending / equity financing.
• Strong quantitative and analytical skills, with the ability to understand P&L and portfolio risk.
• Preferred: experience or strong knowledge of Japanese equities and market structure, and experience analysing dividends, corporate actions, borrow or financing.
• Japanese language capability would be advantageous.
• Legal right to work in Japan; applicants holding a Barclays-sponsored visa or requiring sponsorship must declare this.

Required skills

• Strong Excel skills.
• Python or other programming/data-analysis experience is advantageous.
• Attention to detail and a disciplined approach to risk management in a fast-paced environment.