Barclays

Trade Support Middle Office

Posted May 11, 2021
Project ID: BCLYJP00011921
Location
Glasgow , Strathclyde
Duration
6 months
(Jun 14, 2021 - Dec 13, 2021)
Hours/week
35 hrs/week
Payrate range
Unknown

Margins Optimization Middle Office


Glasgow (This role will be remote to start)


PAYE only


Contract Length: 6 months (With potential to extend)


We are looking for a Margins Optimization Middle Office Associate to join the Collateral Margin Services (CMVS) team which is 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. 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. 


Overall purpose of role?

This role contributes to the day-to-day margin activity as well as the 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 acting as a central point of contact and accountability for Trading and Operations, and to support all levels of business initiatives. 

The team sits between the Counterparty Risk, Collateral Optimisation and Liquidity Trading desks, and also deals with the lifecycle management for some Portfolio Management and Corporate Loans structures. 


What will you be doing?

  • Effectively communicate and escalate issues within CMS and with traders and other support functions across all global locations.
  • Monitor UCSM Triparty Collateral accounts
  • Daily Secured funding of internal derivatives books involved as source or user of collateral
  • Capture, validate and Record vendor prices for structured trades
  • To assist in the Funding reporting and validations on T+0
  • To ensure all margin requirements are met with CCP 
  • Daily Secured funding of internal derivatives books involved as source or user of collateral 
  • To assist in new trade on boarding and the booking setup including counterparty and book setup
  • Manage the structured loans and Bonds portfolio trades including Risk and funding transactions
  • Capture, validate and Record vendor prices for structured trades
  • Partner with colleagues in IBMO, COU, Operations, Finance, Risk & Legal functions in a Global context to drive delivery on key business initiatives and objectives 
  • Ensure a robust risk and control framework is in place across the group with clear management information, escalation and analysis where required
  • 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



What we’re looking for:

  • Independent, motivated and enthusiastic 
  • Team-player
  • Ability to multitask
  • Naturally inquisitive
  • Strong Derivatives knowledge


Desirable skills/Preferred Qualifications:

  • Strong quantitative and numerate skills
  • Additional knowledge of Triparty collateral process would be an advantage
  • 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
  • Direct experience of the OTC derivatives and securities margin products or collateral management functions would be a significant advantage.
  • Preferable experience in Liquidity Management, Treasury functions and rates products
  • Solid grasp of the fundamentals of Collateral Optimisation across a range of products
  • Strong organisational and time management skills, with the ability to manage multiple tasks and stakeholders simultaneously



Where will you be working?

Glasgow (This role will be remote to start)



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.


Our Values 

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


Our Diversity

We aim 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 our vision and goals.


Our Benefits

Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. Where appropriate, and for UK based roles, we will consider requests that the role be based at alternative Barclays’ key UK location from that advertised.


Dynamic working

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.


Our dynamic working programme has been set up to help Barclays colleagues achieve an optimal work/life balance. Arrangements we offer range from working at home and changing regular hours to taking career breaks. Our Dynamic Working initiatives support colleagues at all stages of their lives, helping them with parenthood, caring, further studies and hobbies.



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