Barclays Macro - IRD TCU Analyst in New York, New York
Barclays Overview *Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 135,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com .
Barclays offers investment banking products and services in the US through Barclays Capital Inc.
Barclays Values and Diversity *
Our common purpose is to help people achieve their ambitions – in the right way. We’ll measure and reward our people, not just on commercial results, but on how they live our Values of/Respect/,/Integrity/,/Service/,/Excellence/and/Stewardship/and bring them to life every day. To find out more about working at Barclays and the development opportunities we offer please visit our website www.barclays.com
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
EEO Statement *
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Risk and Control Objective *
/ All Barclays colleagues have to 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 /
Main duties and responsibilities *
The Trade Capture function is a dedicated function sat within the Front Office to ensure the timely and accurate capture of contractual obligations on the Firm’s systems across the Macro Business. This involves the entering and accepting the economic terms of any trades into Trade Capture Systems, inclusive of subsequent Risk Modifying Activities on that trade, and encompasses a broad range of Trade Capture activity types and systems. This is to meet both our regulatory and internal control requirements.
The successful candidate will be part of the Trade Capture team which manages specific trade capture and closely related functions in a fast-paced and dynamic environment. The team helps maintain a high degree of accuracy around trade capture, which is crucial to the firm's risk management and accurate books and records.//
o Booking of Trade Capture:
o Responsible for timely and accurate booking of Trade Capture, which includes the following:
§ Initial Trade Capture
§ Lifecycle Events (product dependent but includes and is not limited to Cancellations, Recoupon, Manual Fee Bookings, Manual Fixings, Loan Rollovers)
§ Credit Events (product dependent but includes and is not limited to Reference Obligation Changes, Credit Events, Restructuring)
§ Position Changes (Backloading, Barrier Knock-Ins/Outs, Buy Backs, Assignments/Novations, Terminations (Full & Partial)
§ Portfolio Optimization – bilateral portfolio compressions, multilateral (i.e. triOptima) and internal compressions
§ Other including Rematch and Delta Neutral Auctions, Exercises, Expiry, Redemptions, Maturity, Up/Down sizes
o Responsible for exception and query management
§ Liaise with internal counterparts (i.e. Infrastructure Middle Office, Client Operations, Trade Control, Post-Trade Services, Sales, Trade Support, Legal, Finance, Compliance, New Product Services, Collateral Ops) to understand requests for entries required to ensure accurate capture in our systems
§ Report to management on requests received and completed
§ Adhere to a ‘right first time’ policy on all Trade Capture activity
§ Input real-time exceptions related to regulations into Trade Capture Systems (e.g. Dodd-Frank mandatory clearing)
o Upon request, perform specification and testing of improvements for all systems and processes
o Uphold the controls and procedures for the team
o Proactively seek cross-training opportunities for on all functions performed within the team and across the wider department.
Basic Qualifications *
o 1-2 years experience in an operational environment.
o Bachelor’s degree in Business/Finance
Preferred Qualifications *
o Strong knowledge of Microsoft Excel
o Excellent verbal and written skills. Fluent in English
o Understand the Front to Back lifecycle of a trade and its associated risks to the firm and to clients
o Experience gained in high volume House and client service environment
o Knowledge of Markets (Interest Rate Derivatives, Interest Rate Options, and/or Structured Notes)
o Specific product & system knowledge may be required
Title: Macro - IRD TCU Analyst
Location: NY-New York
Requisition ID: *90189497