Job Description
Assistant Manager
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.
What will you be doing
- Individual contributor role.
- Responsible for the effective management and resolution of trade discrepancies, including:
- Professional communication with thorough and detailed explanation to clients via e-mail or phone to resolve all differences in a timely manner
- Assist the AVP in the running of the daily BAU functions, including:
- Acting as the escalation point for B3
- Conducting training with junior members of staff and new joiners
- Taking the lead in UAT for departmental initiatives and projects and proactively suggest system enhancements to improve team efficiency
- Affirmation of Derivative trades with internal and external counterparties
- Production of ISDA paper trade confirmations for all vanilla and some complex Interest Rate Derivative trades.
- Incoming validation and matching of paper and electronic trade confirmations, including DSMatch.
- Responsible for the effective management and resolution of trade discrepancies, including:
- Acting as the first point of contact for Premier clients. Use extensive knowledge of derivatives and the function as a whole to ensure exceptional client service is provided to the firm’s high value, or sensitive clients.
- Professional communication with thorough and detailed explanation to clients via e-mail or phone
- Fostering excellent working relationship with internal counterparts (i.e. Desk, Sales team, Trade Support, Settlements , Legal, Finance). Ability to negotiate effectively with all internal parties to ensure the team receives the necessary support to achieve its goals.
- Exercising strong judgement skills to make the necessary decisions to address client queries and ensuring all high-priority queries are escalated to the management immediately
- Uphold the controls and procedures for the team, and highlight any control gaps identified to management to ensure that these are reviewed and addressed as necessary.
- Prepare Local and Global MIS for distribution to management
- Proactively cross train on all functions performed within the team and across the department to gain an in-depth understanding of the derivative products and processes in order to drive synergies within Post Trade Services.
- Initiate process improvements within the team to drive efficiency and cost savings:
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- Strong analytical skills required to perform complex analysis on the volumes and process flow to identify the root cause.
- Suggest innovative solutions to improve efficiency and provide the AVP with a detailed breakdown to quantify the time/ headcount savings from the initiative
- Act as the key point of contact with stakeholders (i.e. Technology, Change Manager, Team AVP) in order to implement change
What we’re looking for:
- Degree educated with 4-6 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
- Experience gained in High Volume House and client service environment.
- Strong knowledge of Microsoft Excel
- Strong communication and negotiation skills in order to manage the relationship with Premier clients, fluent in English.
- Highly numerate with analytical problem solving ability.
- Results Driven.
- Commitment and loyalty to the brand.
Skills that will help you in the role:
- Self-Starter / Ambitious.
- Willingness to take on responsibility.
- Confidence to deal with both external and internal clients.
- Attention to detail
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.
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. If you have a need for flexibility, then please discuss this with us.