Barclays Hiring for BA Prime GNA Mumbai at Mumbai, Maharashtra Full Time

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do.

Working Flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs

Hybrid Working

Structured hybrid role:
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of Three days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Introduction:
Prime business covers various asset classes across Equities, Fixed income and derivative services. The role requires deep understanding of Prime services products and various risk methodologies implemented under GNA and covers various Asset classes.

The role requires deep understanding of risk function to manage business comprising of Futures Execution & Clearing, OTC Clearing and FX Prime Brokerage, Equity and FI financing & synthetic products.

The role requires good understanding of Derivative products (Exchange Traded and OTC), Market Risk, Credit Risk, managing funding, liquidity and interest rate risks and Regulatory Framework. Having good programming/SQL/Database skills, eye for detail and an ability to liaise with the Prime front office desks to ensure the timely and accurate delivery of tasks/projects performed.

The role holder will interact with regional desks to understand the key areas of business – Risk functions and work closely with them to build solutions/models/reports that can help in making the business more efficient from resource/ revenue perspective.

Over the past few years the team has created its own niche brand within the business and the person joining this team has got a great ask to drive this brand further.

What will you be doing?

o Daily monitoring, review of margin and changes in risk and portfolio composition for GNA clients.

o Perform daily analysis on huge Margin movements in Clients portfolio by understanding the various methodologies /Strategies like Convert Arb, ADTV, GIM IR, GIM FX, FX, DRIMCs, Bond/CDS and give approval to GNA ops to issue the margin calls/ reports to clients

o Perform risk & margin analysis by working with a range of stakeholders internally & externally

o Create communication & presentation materials going through analysis, key requirements & findings for multiple levels of stakeholders

o Liaise with technology teams in order to drive functional specifications and delivery

o Support in preparing MIS required for management decision making

o Managing daily deliverables and meeting all agreed SLAs.

o Ensure cross training and knowledge transfer within the team.

o Responsible for front to back management of the initiatives and projects ADHOC requests catering to above items.

o Ability to prioritize and multi task effectively.

o Take ownership and drive various on-going projects in the team

What we’re looking for:

• Graduate or MBA from top tier Engineering/Business school.
• Excellent verbal and written communication skills.
• Highly analytical and numerate with exceptional problem solving abilities
• Experience in a risk relevant role and comprehensive knowledge on Derivative, Rates and FX products and associated risks.
• Good coding ability and experience with SQL/Python.
• Experience in managing Markit or credit risk for a comparative peer organization.

Skills that will help you in the role:
o Excellent verbal and written communication skills as the person is required to communicate with global stakeholders and management team in Investment Banking vertical. Ability to clearly articulate complicated issues to management and other impacted areas and ensure timely resolution of issues and breaches.

o Experience in Banking/Finance industry and Comprehensive knowledge of the financial products across business (Equities, Fixed Income, Derivatives)

o Experience in a risk relevant role. Should have strong working knowledge of equity portfolio margin methodologies including Equity Long/Short, Convertible Bond Arbitrage, ADR/ORD trading, etc along with a good working knowledge of other asset class portfolio margin methodologies.

o Understanding of OTC derivatives products and related margin methodologies, derivatives pricing, risk including value-at-risk, historical simulation and VCV (variance co-variance).

o Understanding of first and second order risk sensitivities.

o Highly analytical and numerate with exceptional problem solving abilities

o Advanced Excel (Pivot tables, Macros), SQL with an intermediate understanding of databases, Qlikview and coding ability in functional languages such as Python are a requirement.

o Well organised with good time management skills and the ability to meet tight deadlines and prioritise tasks and able to multi-task and prioritise accordingly in a highly pressurised environment.

o Ability to independently drive projects within the team

o Detailed and meticulous, consistently delivering a high level of accuracy and attention to detail with high quality output

o Ambitious and Proactive in nature, should be able to take quick decisions and be an excellent Team player

o The person needs to have a proven record of willingness to take ownership and responsibility.

Where will you be working?

Mumbai

Be More at Barclays

At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.

Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Purpose, Values and Mindset

We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect

We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone’s contribution.

Integrity

We operate with honesty, transparency and fairness in all we do.

Service

We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.

Excellence

We champion innovation, and use our energy, expertise and resources to make a positive difference.

Stewardship

We prize sustainability, and are passionate about leaving things better than we found them.

Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.

Empower

Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.

Challenge

Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.

Drive

Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.