Barclays Hiring for Documentation and Confirmation at Chennai, Tamil Nadu 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

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

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

We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We’re flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally are able to request work patterns to reflect their personal circumstances These requests will be reviewed and agreed for a period of time i.e., will have a start and end date.

Please discuss the detail of the working pattern options for the role with the hiring manager.

Introduction:
Derivative Post Trade Services is a cross-asset class function responsible for ensuring that all Interest Rate, Credit, Equity, Commodity and Foreign Exchange Derivatives are controlled and settled in an efficient and cost effective manner. The department supports a broad range of operational services across the OTC trade lifecycle including lifecycle management, affirmation, confirmation, nostro and brokerage reconciliation as well as strategic product support.

The department is proactive in implementing state of the art systems and procedures to support our OTC Derivative business in Europe, North America and Asia Pacific. We are considered industry leaders and continually look for ways to implement efficiencies, reduce risk to the firm and enhance the experience of our clients.

o Affirmation of Derivative trades with internal and external counterparties

o Production of ISDA paper trade confirmations for all vanilla and some complex Derivative trades.

o Incoming validation and matching of paper and electronic trade confirmations, including DSMatch.

Develop and manage operational relationships with our clients through pro-active affirmation and confirmation of Derivative trades.

What will you be doing?

• Individual contributor role.
• Responsible for the effective management and resolution of trade discrepancies, including:
• Professional communication with thorough and detailed explanation to clients via e-mail or phone to resolve all differences in a timely manner
• Affirmation of Derivative trades with internal and external counterparties
• Production of ISDA paper trade confirmations for all vanilla and some complex Interest Rate Derivative trades.
• Incoming validation and matching of paper and electronic trade confirmations, including DSMatch.
• Responsible for the effective management and resolution of trade discrepancies, including:
• Acting as the first point of contact for Premier clients. Use extensive knowledge of derivatives and the function as a whole to ensure exceptional client service is provided to the firm’s high value, or sensitive clients.
• Professional communication with thorough and detailed explanation to clients via e-mail or phone
• Fostering excellent working relationship with internal counterparts (i.e. Desk, Sales team, Trade Support, Settlements , Legal, Finance). Ability to negotiate effectively with all internal parties to ensure the team receives the necessary support to achieve its goals.
• Exercising strong judgement skills to make the necessary decisions to address client queries and ensuring all high-priority queries are escalated to the management immediately
• Uphold the controls and procedures for the team, and highlight any control gaps identified to management to ensure that these are reviewed and addressed as necessary.
• Prepare Local and Global MIS for distribution to management
• Proactively cross train on all functions performed within the team and across the department to gain an in-depth understanding of the derivative products and processes in order to drive synergies within Post Trade Services.
• Initiate process improvements within the team to drive efficiency and cost savings:

 Strong analytical skills required to perform complex analysis on the volumes and process flow to identify the root cause.

o Suggest innovative solutions to improve efficiency and provide the AVP with a detailed breakdown to quantify the time/ headcount savings from the initiative

Act as the key point of contact with stakeholders (i.e. Technology, Change Manager, Team AVP) in order to implement change

What we’re looking for:

• Bachelor Degree
• Proficient in English communication.

Skills that will help you in the role:

• Knowledge on Derivatives products

Where will you be working?

Chennai

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.