BA/PM
BA/PM - Equity and Funds Structured Technology
London
AVP
Department Overview
Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people. We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We?re one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management.
Equity and Funds Structured Technology (EFST) provides Real Time technical solutions for the Equity and Funds Structured Markets business within Equity Derivatives. Equity Derivatives covers a variety of business lines, eg Volatility, Exotics, Fund Linked Derivatives and Convertible Bond trading. Trading desks are currently in London, New York, Hong Kong and Tokyo with Sales in offices worldwide.
Equity Derivatives is a vibrant and exciting business which has experienced significant growth in recent years in terms of trading volumes, global coverage, the breadth of product coverage and the revenue it generates for the firm. It has grown up in close partnership with IT.
Equity and Funds Structured Technology has currently has over 200 staff across London, Prague, Lodz, New York, Hong Kong, Tokyo and Singapore.
Main Function
The EFS business runs the trading and management of Flow Exotics and Retail Structured Product electronic trading segments under a uniform client-facing structure called EFS Direct to take advantage of changing market conditions, regulation, client appetite and the ongoing global financial situation. EFS Direct is managed by London Front Office (Trading, Structuring and Sales) leads and directly influences business strategy and prioritisation globally. EFS Direct IT supports the business globally across the various regional teams and systems servicing the Flow Exotics and Retail Structured Products segments.
As an EFS Direct Development business analyst and project manager based in London, the candidate will work closely alongside the London-based core business and IT groups to design and implement the vision for EFS Direct electronic trading and client facilitation.
The successful candidate will focus primarily on working directly with the EU Retail Structured Product electronic trading desk to gather enhancement requirements, perform impact analysis and working with the development team, the vendor and support functions, manage the front-to-back requirements through the SLDC to delivery. These changes will include mission-critical desk-generated requests as well as managing mandatory changes brought on by exchange upgrades and additional functionality, internal control requirements and external regulatory requirements. In addition, the successful candidate will also work directly with the Flow Exotics front office to perform equivalent functions as appropriate.
Main Duties
The successful candidate will:
- Gather and document requirements from stakeholders, principally traders, analyse and assess viability and propose approach, document implementation method, and obtain sign off on agreed method of implementation from all stakeholders
- Gain a detailed understanding of the vendor supplied market-making system, Horizon, making impact assessments of requirements from traders (and other stakeholders) and writing detailed specifications of changes required
- Perform analysis and manage changes with vendor and with in-house development teams to meet documented requirements and for integration with other internal systems
- Identify and document testing acceptance criteria and test and document the system meets the requirements gathered
- Perform other duties, including working group participation, planning and following the project phases through its lifecycle to delivery
Person Requirements
Strong communication skills will be essential to build a close working relationship with the front office stakeholders. Strong organisational skills to see the requirements through to front-to-back delivery with all impacted groups such as middle office, operations, risk control and the support functions.
The successful candidate will demonstrate
- strong analytical skills
- have experience of engaging stakeholders, and ability to present a vision for the whole process
- good communication skills and prepared to present at business prioritisation and steering committees
- experience in structured vol products including how the products are structured and pricing them, especially equity derivatives, but other asset classes an advantage
- experience in requirements for market making on exchanges
- experience in exchange connectivity and managing orders on exchange
- ability to write SQL queries to examine database contents for analysis and understanding of relational databases and be able to write specifications to detail of describing table relationships and table contents
- a significant advantage in having experience in use of the market making platform Horizon
- an advantage in having experience of whole front to back workflow from issuance through to settlement
- an advantage in having experience in market making structured products in Switzerland, Germany, France, Italy
- an advantage in having experience in other asset classes such as commodities, futures, fx Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.
We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We’re one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management.
For further information about Barclays, please visit our website www.barclays.com
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