COO & Functions
Location
Pune | India
Job description
Job Title: IBMO Derivatives Analyst
Location: Pune
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). 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:
We are looking for a high-quality candidate to join the IB MO function. The role requires someone with extensive business knowledge, analytical and relationship skills, strategic mind-set and programme management discipline to help drive the build-out of the function as well as support the broader department and organisation objectives.
This is a challenging role requiring the successful individual to partner, coordinate and drives progress across global teams and different business areas as well as partner closely with key stakeholders and colleagues around the firm. This also presents an excellent opportunity to join a market leading organisation and business area and play an active part in driving the long-term development of the function in an area that is key to the future success of the financial services sector and at the heart of industry development and regulatory focus.
What will you be doing?
• Perform trade validation of Rates Derivatives and Structured Rates products following the completion of trade capture.
• Monitor and manage exceptions for trade flow / trade representation and intra-day clearing controls
• Perform EOD controls reporting global handover reports of outstanding trade exceptions to global stakeholders
• Perform key External/Internal reconciliations for Rates and structured.
• Monitor and validate the completeness and accuracy of all intra-day trade lifecycle events.
• To operate as the point of contact for both internal and external client queries and liaise with various business areas and front-to-end support teams to seek resolution.
• Deliver effective controls and services to upstream and downstream business functions.
• Support project & new product initiatives and assist with the implementation of strategic deliverables for the business from an operational perspective.
• Collaborate with global counterparts and different stakeholders to drive opportunities for process development and improvements.
• Build and maintain strong relationships with business colleagues across trading, Finance, Operations and Technology.
What we’re looking for:
• Essential:
 Degree educated or equivalent qualification
 Preferably have 4-5 years’ experience in supporting Rates products
 Strong understanding of the end-to-end process flows and the control points along the process chain
 Proficient in Microsoft Office products
 Good verbal and written communication skills
 Strong team player, self-starter with positive attitude
 Able to work in a fast-paced environment, meet tight deadlines with a good sense of urgency and accountability
Skills that will help you in the role:
1. Someone with prior experience in working in the Middle office with knowledge about Rates and Structured Derivative products. Some of the products would be Interest rate swaps, Inflation Swaps, Cap and floor, Swaptions, Zero coupon Swap, cross currency swap.
2. Candidate should have prior experience in supporting external/internal reconciliations and knowledge about Markitwire and clearing houses like LCH, CME, Eurex etc.
3. Candidate should have atleast 6-8 years of overall experience out of which atleast 5 years working with an investment bank.
4. Candidate should have a good understanding about lifecycle of a trade and should have experience working with trading/sales desk.
5. Strong risk and control mindset and someone with basic knowledge if not expert in VBA Macros or Alteryx is desirable but not a mandate.
Where will you be working?
Pune
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.
Job tags
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