Barclays International
Location
Mumbai | India
Job description
Job Title: Business Analyst - Global Markets
Location: Mumbai
About Barclays
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.
Risk and Control Objective
Take ownership for managing risk and strengthening controls in relation to the work you do.
Working Flexibly
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs
Hybrid Working
Structured hybrid role:
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). For this specific role, the requirement is 3 days per week at the moment, with all days in office during first three months of joining.
Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.
Introduction:
Support the execution and ongoing development of a key new regulation: margin for the non-centrally cleared derivatives (Uncleared swap margin rules). The regulation stems from a set of G20 financial reforms and team ensure Barclays remains compliant with the global regulatory requirements.
What will you be doing?
• Performing margin analysis for counterparties from the perspective of Reg IM regulations for Uncleared derivatives
• Monitoring and oversight of counterparties subject to margin for non-centrally cleared derivatives portfolios
• Work with Sales and Trading on the internal pricing queries and also come up with proposals for optimizing IM collateral requirements via risk neutral trade structures
• Providing oversight to Operations team who support the daily IM calls, disputes to ensure timely resolutions
• Performing regulatory model governance tasks & driving the strategic IT deliverables
What we’re looking for:
• Experience working within front office or suitable business or model focused quantitative role
• Experience of managing a complex regulatory driven processes or client facing structuring role
• Experience in building risk and/or margin models and technical understanding
• Front office quantitative or analytical experience from top tier investment bank
• Experience in working within regulatory margin team
• Experience of pricing OTC derivatives from trading or structuring role
• Excellent knowledge of Investment Banking Markets businesses
• Understanding of EMIR, Dodd-Frank regulatory reforms including margin for non-centrally derivatives
• Understanding of OTC derivatives pricing, risk including value-at-risk, historical simulation and VCV (variance covariance)
• Understanding of risk, margin and collateral management practices
• Understanding of OTC bilateral trade lifecycle & front-to-back flows
Skills that will help you in the role:
• Understanding of first and second order risk sensitivities
• Understanding of collateral management function
• Understanding of relational database & SQL coding
• Coding skills in Python or R
Where will you be working?
Mumbai
Job tags
Salary
