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.
About Global Markets Operations
Barclays is a market leader in many of the global markets and asset classes. The Global Markets Operations function sits within the Global COO division and plays an important role within Barclays International (BI) working with IB, Corporate and Wealth businesses to support growth and businesses, manage risk and the control environment, develop operating models, and managing change and strategy to build an effective and scalable platform.
About Collateral, Margin and Valuations Services
Collateral Margin Services (CMS) is a business and risk aligned function responsible for managing Barclays’ collateral, exposure, valuations and regulatory margin commitments across a range of products to help minimise credit, market and reputational risks associated to our business activity. Our focus is to ensure high levels of control and efficiency across our processes, a proactive approach to managing risk and improving processes, and to partner closely with business and infrastructure teams to support the effective use of capital and balance sheet resources for the firm.
The team is also responsible for developing best practice to meet industry and client demand, driving compliance with the growing market and regulatory requirements, and building a scalable Enterprise framework for Barclays future. CMS partners closely with teams across Trading, Sales, Collateral Optimisation, Treasury, Product and Valuation Control, Legal, Compliance, Risk and MO / Ops teams. We support a variety of products including all OTC derivative asset classes as well as FI, Equity, Repo, Cleared, Structured, GNA and Prime Brokerage products.
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
Overall purpose of role
This role provides critical experience and expertise to the Barclays collateral function during a time of unprecedented regulatory change, contributing strongly not only to the day-to-day margin activity but also to successful delivery of regulatory compliance.
The Collateral and Margin teams are a key first line of defence function and this role is required to ensure strong delivery, control and oversight of potential risks as well as manage client service and interactions across the teams. The role will partner closely with colleagues across the function as well as a diverse group of stakeholders across business and infrastructure teams.
Develop an understanding of the products involved in the business particularly with regards to parameters driving their valuation and how this may differ from counterparty.
Interact regularly with Independent Price verification and Front Office to understand and challenge models used to value trades.
Effectively communicate and escalate issues within CMS and with traders and other support functions across all global locations.
Delivering reduction in RWAs and deep dive investigations of valuation discrepancies between Barclays and Counterparty
Develop the market relationships with clients, counterparts, peers and industry groups to support function.
Partner with colleagues in IBMO, COU, Operations, Finance, Risk & Legal functions in a Global context to drive delivery on key business initiatives and objectives.
Represent Global Dispute and Portfolio Reconciliation function on internal meetings and forums with senior management within Trading, Sales, Product Control & Independent Price Verification.
Ensure a robust risk and control framework is in place across the group with clear management information, escalation and analysis where required.
Ensuring effectiveness of Global Dispute and Portfolio Reconciliation function to protect the firms risk.
Propose and drive efficiencies, process improvements and risk management initiatives across function(s).
Actively contribute to and help lead the definition and shape of the global CMS function and needs
Stakeholder Management and Leadership
The successful candidate should be able to confidently interact with stakeholders within Front Office, Middle Office, Product Control and Independent Price Verification.
The candidate should also be able to confidently interact with clients and coordinate interaction between internal and external stakeholders.
The successful candidate should have:
Strong analytical and problem solving skills
Confidence to challenge key stakeholders and processes
Initiative to proactively to add enhancements and additional controls to existing and new processes
Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.
Independent, motivated and enthusiastic
Ability to multitask
Essential Skills/Basic Qualifications:
Strong derivatives knowledge
Desirable skills/Preferred Qualifications:
Strong quantitative and numerate skills
Credibility and influence in order to proactively manage diverse internal stakeholder groups including Sales, Trading & Product Control
Excellent interpersonal skills including relationship management, communication and teamwork
Track-record of delivery in a significant business-facing role
Strong analytical and problem solving skills
Purpose, Values and Mind-set
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
We operate with honesty, transparency and fairness in all we do.
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
We champion innovation, and use our energy, expertise and resources to make a positive difference.
We prize sustainability, and are passionate about leaving things better than we found them.
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.
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
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.
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.
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.