FI Rates Product Controller- Vice President 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.
Department Overview
The Fixed Income Product Control Group, within the Finance department, is responsible for Risk based PL attribution, Balance Sheet analysis, and performing the various control functions for Fixed Income products and Interest Rate Derivatives.
Main Function
The Fixed Income Product Control Group performs the following functions:
- PL and Risk Reporting:
- Manage the team performance and review output to ensure accuracy and timeliness
- Deliver accurate and timely daily PL for Fixed Income and Vanilla Interest Rate Derivatives portfolios
- Produce and analyse effective risk-based explain
- Ensure accuracy of downstream processes, including accounting and control responsibilities
- Ensure PnL and Risk moves are fully understood, explained and reported to appropriate levels
- Review and report on new deal activity and its impact on the PL and banks risk profile
- Assist the Front Office with respect to representing complex deals in the PL/risk reporting systems and review for accuracy
Main Duties
Main duties and responsibilities of this particular role include:
- Ensure accurate and timely PL and risk based reporting for Flow Fixed Income portfolios
- Facilitate growth of the firm's Flow businesses in a controller capacity, including ad hoc analyses, model/market implementation, relevant price-testing and reserving
- Responsible for month-end close processes, including Balance-Sheet substantiation, position reporting, and other control functions
- Control and understand portfolios of Linear Fixed Income products and their hedges, in a fast-paced, complex, and high volume business
- Become fluent in the primary trading securities including Interest Rate Swaps, FRAs, SpreadLocks, Futures, Treasuries, ETOs
- Team Leader
- Manage team of 3 Ensure team is motivated and performing at a high level consistently
- Project Work:
- Participate in testing and implementation of new models
- Aid in systems enhancement
- Facilitate implementation of new trade capture and reporting systems