Job Description

Job Title: Analyst Broking Risk Manager Location: Mumbai
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 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.
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.
Introduction:
This is an analyst role within operations area of BSIPL to manage the broking risk desk for private Bank India and Institutional clients of Barclays What will you be doing?

• Candidate should have fair understanding of security market products (Equity Cash, Equity Futures and Options & Currency Derivatives) and performing of BOD and EOD activities. Candidate is expected to complete the daily BOD activity before market starts and ensure client positions, margins are set up on timely basis and no client impact.
• Candidate should have hands an experience of independently handling broking risk desk, understanding of Products like CNC, NRML, acceptable collateral with applicable valuations etc.
• Thorough understanding of margin requirement for Cash and Derivatives segment i.e. SPAN, Peak/EOD margin, intraday margin etc.
• Client set up on trading system, setting up applicable broking rules as per the client segment, updation of margin, margin withdrawal, mapping of restricted security basket to respective category of clients
• Regular monitoring illiquid, banned securities from exchanges (BSE/NSE) and maintenance of restricted basket for each category of clients present in the RMS.
• Should be familiar and hands on experience of monitoring of client position on real time basis, margin call process, margin alert, position square off process.
• Candidate is required to closely work with dealing team and risk head for reviewing risk management policy and setting up process for new products or changes.
• It’s expected to closely working with Broking Ops team and FO for margining process, tracking and follow up with FO for timely settlements and follow escalation matrix as per risk policy
• Candidate should ensure that client trades in all segments are executed in compliance with regulatory requirements and risk policy.
• Limit setting up on exchange terminals at entity level in accordance with the capital placed at the exchange, client set up on trading system, monitor the utilization levels in each of the segments and ascertain the total value of exposure to be allowed to the dealers for each of the segments.
  • Ensure BAU is performed as per the SLA and in controlled manner to avoid any errors or audit observations.
  • Candidate should able to manage seemliness implementation of changes, UAT in dealing system. Working experience on NEST system would be added advantage.
  • Candidate should be capable of managing multiple projects, system migration along with BAU.
  • Liaise with market intermediaries such as exchanges, custodies, DPs.
  • Thorough understanding of Capital Market business.
  • Demonstrates clear understanding of broking risk systems, exchange terminals, products and processes
  • Good knowledge of accounting principles.
  • Escalates breaches of policies and procedures appropriately
  • Understands and complies with all applicable governance, compliance, risk policies and procedures
  • Requires no supervision. Manages time and prioritises workload. Ensures the output of the team is delivered on time
  • Individual should be able to understand the regulatory circulars and according implement the same within the given timelines by coordinating with Technology /Product /Business/Compliance.
  • Candidate should be able to design & implement robust controls and take corrective actions where necessary.
  • Should be expertise in client servicing and a solution provider to the stakeholder as well to this team.
  • Candidate should also able to take additional responsibility to support AML monitoring, working with MLRO on monitoring alerts and closure process, & also able to support reconciliation activity.
  
  

What we’re looking for:

• Fair understanding of regulatory circulars, compliance requirements & regulatory filings of Broking licence with Exchanges/SEBI.
• Knowledge of the securities market (Cash, FNO, CDS and IRF segment) – risk management, recons, corporate actions, daily reporting to exchange, collateral management etc.
• Solid analytical skills with ability to prepare reports/resolve problems
• Excellent interpersonal skills
• Operate effectively in a dynamic environment with tight deadlines, and can prioritize one’s own work to achieve them

Skills that will help you in the role:

• Minimum Post graduation
• Control Environment: Including risk management
• Business Skills: Including deliver solutions and decision making
• Personal & Interpersonal Skills: Including communication & influence and collaboration

Desirable skills/Preferred Qualifications:

• CA/ICWAI or equivalent
• Previous experience of independently managing broking risk desk.
• Fair understanding of regulatory requirements of broking risk management, implementation of new requirements and regulatory fillings

Where will you be working? Mumbai
Be More at Barclays At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are. Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details. Purpose, Values and Mindset
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.
Respect We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution. Integrity We operate with honesty, transparency and fairness in all we do. Service We act with empathy and humility, putting the people and businesses we serve at the centre of what we do. Excellence We champion innovation, and use our energy, expertise and resources to make a positive difference. Stewardship 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.
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.