Job Description

Job Totle : Middle Office - AVP Location: Pune
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: 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.
• The Derivatives PTS Confirmations VP role is responsible for managing all Derivative Confirmation functions across the various teams that are located in the BSS Mumbai site. The primary focus of the team will be to ensure the firm is fully compliant with the Confirmation Timeliness rules for EMIR and CFTC.

What will you be doing?

• Oversight of recruitment, training and ongoing development of staff
• Development and implementation of department wide policies and procedures, and responsibility for directing day-to-day operations
• Management oversight of all KRI’s and KPI’s
• Contributing in Productions and approvals on daily BAU
• Continual review of existing processes to ensure exceptional performance, efficiency and risk management. Carry out complex analysis to identify innovative ways to improve straight-through processing, client experience, performance against regulatory targets and the firm’s standing against its peers.
• Active participation in external market developments and initiatives. Detailed understanding of changes within the regulatory environment and the expected impact on the functions under management. Firm representation at relative industry forums; ensure Barclays is viewed as the leader amongst its peers and driving change within the industry.
• Foster strong working relationships with both internal (i.e. FO, Audit, Compliance, Legal and Finance) and external counterparts (i.e. Regulators, External Audit and Vendors). Confident communication (written, verbal / presentations). Effective management of key client relationships and promotion of Barclays Operations as a differentiating factor from its peers.
• Ensure all applicable governance, compliance, risk policies and procedures are adhered to and a mechanism exists to promote escalation by staff where appropriate.
• Responsible for directing the day-to-day operations for the team, including:
  • Allocation and oversight of daily tasks.
  • Production of team MIS with detailed commentary for management reporting
  • Management oversight of all KRI’s and KPI’s and addressing all high-risk metrics promptly
  • Extensive knowledge of derivative products and the front-to-back processes within Post Trade Services, and ensuring that the knowledge is shared across the team
  • Ensuring all applicable governance, compliance, risk policies and procedures are adhered to
  • Oversight of UAT to ensure that quality testing is completed and all issues for the team are resolved
• Continual assessment of existing processes to identify innovative ways of improving team efficiency and client service
  • Spearhead the process improvement initiative and carry out complex analysis to identify innovative solutions to deliver financial benefits for the firm
  • Confident communication and presentation skills required to present the business case to senior management. Justify the initiative with cost savings to ensure management buy-in and ultimately the implementation of change.
• Work closely with the Risk & Control function to address any control gaps identified and implement controls to mitigate the risk

Foster good working relationships with internal counterparts (i.e. Desk, Sales team, Trade Support, Confirmations , Legal, Finance) and external clients What we’re looking for: No more than four bullet points Each bullet to be no longer than two lines Content to be in priority order
Skills that will help you in the role

• Degree educated with 8+ years experience preferably in an OTC Derivatives environment.
• Extensive technical knowledge of the derivative products within remit

• Strong understanding of the end-to-end processes in the Confirmations and/or Settlements area

• Strong knowledge of Microsoft Excel & Strong communication and negotiation skills in order to manage the relationship with Premier clients, fluent in English.

Where will you be working? Pune
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.