Barclays jobs - Analyst

Job Description

Analyst

Introduction

Derivative Post Trade Services is a cross-asset class function responsible for ensuring that all Interest Rate, Credit, Equity, Commodity and Foreign Exchange Derivatives are controlled and settled in an efficient and cost effective manner. The department supports a broad range of operational services across the OTC trade lifecycle including lifecycle management, affirmation, confirmation, nostro and brokerage reconciliation as well as strategic product support.
The department is proactive in implementing state of the art systems and procedures to support our OTC Derivative business in Europe, North America and Asia Pacific. We are considered industry leaders and continually look for ways to implement efficiencies, reduce risk to the firm and enhance the experience of our clients.
Affirmation of Derivative trades with internal and external counterparties
Production of ISDA paper trade confirmations for all vanilla and some complex Derivative trades.
Incoming validation and matching of paper and electronic trade confirmations, including DSMatch.
Develop and manage operational relationships with our clients through pro-active affirmation and confirmation of Derivative trades.
What will you be doing?

• Individual contributor role.
• Responsible for the effective management and resolution of trade discrepancies, including:
• Professional communication with thorough and detailed explanation to clients via e-mail or phone to resolve all differences in a timely manner
• Affirmation of Derivative trades with internal and external counterparties
• Production of ISDA paper trade confirmations for all vanilla and some complex Interest Rate Derivative trades.
• Incoming validation and matching of paper and electronic trade confirmations, including DSMatch.
• Responsible for the effective management and resolution of trade discrepancies, including:
• Acting as the first point of contact for Premier clients. Use extensive knowledge of derivatives and the function as a whole to ensure exceptional client service is provided to the firm’s high value, or sensitive clients.
• Professional communication with thorough and detailed explanation to clients via e-mail or phone
• Fostering excellent working relationship with internal counterparts (i.e. Desk, Sales team, Trade Support, Settlements , Legal, Finance). Ability to negotiate effectively with all internal parties to ensure the team receives the necessary support to achieve its goals.
• Exercising strong judgement skills to make the necessary decisions to address client queries and ensuring all high-priority queries are escalated to the management immediately
• Uphold the controls and procedures for the team, and highlight any control gaps identified to management to ensure that these are reviewed and addressed as necessary.
• Prepare Local and Global MIS for distribution to management
• Proactively cross train on all functions performed within the team and across the department to gain an in-depth understanding of the derivative products and processes in order to drive synergies within Post Trade Services.
• Initiate process improvements within the team to drive efficiency and cost savings:
• Strong analytical skills required to perform complex analysis on the volumes and process flow to identify the root cause.
• Suggest innovative solutions to improve efficiency and provide the AVP with a detailed breakdown to quantify the time/ headcount savings from the initiative
• Act as the key point of contact with stakeholders (i.e. Technology, Change Manager, Team AVP) in order to implement change
  
  

What We’re Looking For

• Degree educated with nil or less than one year experience in an OTC Derivatives environment.
• Extensive technical knowledge of the derivative products will be preferable though not a mandatory requirement.
• Good knowledge of Microsoft Excel
• Good communication & fluent in English.
• Highly numerate with analytical problem solving ability.
• Results Driven.
• Commitment and loyalty to the brand.
• Self Starter / Ambitious.
• Willingness to take on responsibility.
• Confidence to deal with both external and internal clients.
• Attention to detail
  
  

Skills That Will Help You In The Role

• Bachelor Degree
• Proficient in English communication.
• Knowledge on Derivatives products