AVP – Residential Mortgage Backed Sec. Product Control recruitment

Department Overview

Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 23,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.
For further information about Barclays Capital, please visit our website www.barclayscapital.com. It is the policy of Barclays Capital 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.

Main Function

Main functions include the responsibility for the daily production and substantiation of the MBS profit/(loss), daily reconciliations between the front and back-office systems, monthly balance sheet and income statement reconciliations to the general ledger, compiling daily risk explains/ commentary, monitor compliance with stop loss limits and trader mandates and new business support. Supervise staff supporting RMBS business.

Main Duties

Responsible for ensuring the daily pnl is reconciled from the Front Office System to the Back Office System for positions, prices, factors, paydowns, and net interest.
Accurately reporting and explaining income and balance sheet numbers to traders, senior management and ensuring the books and records of the firm are accurate. Report daily/weekly/monthly commentary for the entire business as well as daily risk explains. Involved in all internal and external audits, SOX reporting, FAS 157, and IFRS7.

Person Requirements

Basic Qualifications:
Financial Undergraduate or post Graduate degree 5+ years of Product Control with a focus in any Mortgage product. 2+ years of strong technical background in Mortgages. Preferred Qualifications: Accounting Degree