Equities Product Control- AVP recruitment
Company 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
Equities Product Control - Capital, Funding Strategic Projects Team The Equities Capital, Funding Strategic Projects Team is responsible for providing expertise and analyses on Equities financial resources, including balance sheet, RWA, funding, etc., to enhance controls and optimization of such resources for the business. This role will be dedicated to supporting the newly established Strategic Funding Group (SFG) in a line control capacity as it implements the firms Economic Funding initiative on behalf of Equities as well as other funding optimizations.
Main Duties
- Calculate analyze daily regional SFG PL performing FOBO reconciliations and due diligence as necessary and consolidate global SFG PL, providing commentary on PL drivers
- Provide SFG daily Unsecured Funding Requirement by desk - Securities MTM on Options -
- Perform month-end close for US SFG which includes reconciliation of General Ledger to PL reported, a reconciliation and explanation of provision balances in the General Ledger, substantiation of Balance Sheet, and explanation of material movements
- Calculate the daily blended COF rate inputted into the carry system based on EF Trades incorporating CLR
- Produce the global funding optimization weekly PL - Collateral, Haircuts and EF Trades
- Work with Project Management on the Global Equities Sources Uses automation project
- Evaluate collateral optimization initiatives and perform analysis aimed at reducing margin requirements with the exchanges
- Perform ad hoc analyses on balance sheet, including secured/unsecured funding, RWA, asset haircuts, etc.
- Develop best practices and focus on continuous improvement to processes in order to allow the team to efficiently and effectively perform value-added analyses
- Liaise with specialist groups to keep the team up-to-date on relevant accounting and regulatory changes such as US GAAP, IFRS and Basel III and their implications on the balance sheet and RWA of the business
Person Requirements
Basic Qualifications
- Bachelors Degree or equivalent
- 3+ years PC Skills, including Excel and Access
- 3+ years understanding of Equity and Rates Products
Preferred Qualifications
- Strong Mathematical skills
- Process improvement and infrastructure enhancement experience
- Controller in a major investment bank covering similar products
- Strong front to back control experience
- Quick learner whom can adapt to a growing business
- Proactive and effective in a dynamic environment
- Ability to demonstrate and evidence interest in Financial Services
- Excellent verbal and written presentation skills
- Highly proficient with Excel
- Attention to detail
- Analytical/Quantitative
- Self starter