Prime Services Equity Synthetics Product Controller- Analyst 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 Finance department covers Product and Financial Control. Both Product and Financial Control are jointly responsible for the integrity of the financial records of Barclays Capital.
Product Control has a significant presence and role within the Organization. There is a close working relationship with the trading desks and other areas focusing on control, service and reporting. We are a central point of contact for many issues that affect the bank. By placing a heavy emphasis on information technology and focusing on project work, we are able to address control and operational risks and meet our internal and external obligations.
Main Function
The role is within the Prime Services section of the Product Control Group (PCG). Product Control performs a variety of daily tasks both executing current controls for Product Control and providing the traders with information. A key function is to be a daily liaison with fellow members of PCG on PL, Balance Sheet, and ad hoc queries. Product Control is often the first point of contact for the traders and will deal with questions on existing positions and must be able to offer advice on control and accounting aspects of proposed new business. It is also a significant point of contact for Operations, IT and Finance as a whole. The role gives the chance to gain technical exposure to products, markets on current business and new business proposals. Building strong relationships with many departments is especially important since we often liaise with various groups.
Main Duties
- Understand and apply the knowledge of numerous products to daily functions such as Equity Single Stock Swaps, Equity Index Swaps, Custom Index Swaps, Exchange Traded Funds, Futures, and Stocks
- Report daily PL for the Prime Services Equity Synthetics Trading Desk, which includes independent price verification, FOBO reconciliations, Trader Flash to Actual analysis, and trade strategy analysis
- Perform Month End functions, such as Flash to SAP reconciliations, post necessary GL journals, balance sheet analysis, and additional Month End reporting
- Create strong relationships with Front Office, Middle Office, and Technology through frequent interaction