Risk Free Rate Specialist

Posted Feb 28, 2023
Project ID: BCLYJP00034298
London, Greater London
35 hrs/week
6 months
Payrate range

Risk Free Rate Specialist

Contract length: 6 Months

Hybrid: 1 day week in the office - 4 days working from home

Location: London

Department: Wholesale Lending Operations

Job type: Contract

Overall purpose of role:

The role holder will work with closely with asset managers, reviewing and advising on RFR element of various requests, amendments, waivers, liaising with business stakeholders, subject matter experts, operations users and project teams to plan, manage and co-ordinate RFR work stream within Asset Management team, instructing and overseeing the implementation of the RFR changes on the internal loans booking systems (ACBS/Loan IQ), updating records on internal diary system (LISTT).

Key Accountabilities:

  • Drive RFR execution of operations and technology agenda, procedures, risk & control, training and business process alignment for both short term (interim) changes and for long term (strategic) changes.

  • Support the enabling of changes to the Operations Teams and identify, track and implement lessons learned to future deliveries

  • Liaise with other groups including technology, operations, finance, and others to form partnerships within and outside the immediate team and ensure mutual responsibilities and smooth execution of the change effort.

  • The candidate will be accountable for carrying our culture by promoting our Values at all times, keeping the client at the centre of everything we do and for developing strategy to complement our balanced scorecard.

  • The candidate will be accountable for ensuring appropriate governance of functions, risks and plans to ensure that managers are continually challenged in the right way to make significant and sustainable improvements that these are shared with peers and external partners appropriately.

  • The role holder will clearly articulate the roles and responsibilities for all stakeholders and will constantly monitor the risks so that support, escalation and resolution are aligned as the loan businesses are autonomous and have competing demands, including significant implications for compliance, regulatory or legal partners.

  • Ability to demonstrate excellent client service by managing front line Libor reform queries from clients and investors including internal stakeholders

  • Support the regulatory framework and ensure bookings in ACBS and Loan IQ are timely and accurate

  • Ability to review LMA and LSTA documentation to extract key information required to support Operational capability

Essential Skills:

  • Experience within Financial institution/ Law Firm, reviewing, interpreting facility documentation (LMA and bespoke).

  • Experience on a commercial Loan platform (preferably ACBS and/or Loan IQ).

  • Strong understanding of ACBS / Loan IQ platform and hands on implementation experience is preferred

  • Experience in change management execution, process improvement and risk management

  • Eye for detail and ability to review and extract key operational data requirements from LSTA and LMA documents

  • Strong understanding of key IBOR reform regulatory changes

About Barclays

Barclays is a British universal bank. It is diversified by business, by different types of customers and clients, and by geography. Barclays 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 its service company which provides technology, operations and functional services across the Group.


Everything Barclays does is shaped by its five values of Respect, Integrity, Service, Excellence and Stewardship. The Barclays values inform the foundations of its relationships with customers and clients, but they also shape how Barclays measure and reward the performance of colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.


Barclays aims to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to Barclays vision and goals.

Hybrid Working

Barclays is currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Barclays is flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. Barclays also has a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances 

Your Benefits

As a contract employee of Randstad Sourceright, you’ll receive a wide range of financial and personal benefits. There’s enrolment in a pension plan (after 12 weeks on assignment) and holiday pay. You’ll also get 24/7 access to an Employee Assistance Programme, designed to help you deal with any problems that could be affecting your home or work life. Plus, there’s discounts at heaps of high street shops, restaurants and entertainment - from Asda to Zizzi Italian restaurants. 

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