Equity Financing Middle Office AVP

As a Barclays Prime Middle Office AVP, you will join a team that is responsible for ensuring the robust control framework in place in Investment Banking is upheld, including meeting our regulatory requirements. You monitor the application of this framework for all trading activity, mitigating all errors quickly and efficiently. You will be supporting the development of policies and procedures, which will involve the opportunity to develop junior staff through BAU activities, and the design and implementation of projects. You will also maintain day-to-day support activities for the Equity Financing. 

The Client Financing team is responsible for providing global support for the Fixed Income and Equity Financing desks.  Client Financing has daily interaction with Trading/Sales for both bilateral cash/non-cash activity, and Tri-party.  The team is responsible for daily review of contract compare to identify & resolve economic differences of Borrow/Loan activity, notification of returns, and managing risk associated with activity processed by the Equity Financing desk.     

Client Financing is also responsible for the timely and accurate management of domestic and international Triparty transactions, along with managing the firms’ liquidity pool accounts.  This includes trade flow / trade matching, collateral allocations and releases, funding of trade maturities, and ensuring an accurate stock record.  Teams work to minimize the use of intraday credit through an effective intraday collateral substitution process, while ensuring all requested securities are released from tri-party in a timely manner in order to support the firm’s Settlement activity. 

Essential Skills/Basic Qualifications: 

• Product knowledge on Equity Financing, including securities-based lending (SBL) and secured funding 

• Five-seven years of in-depth exposure in prime service middle office operations; preferably working in SBL and /or financing  

• Strong knowledge of the Asia markets in a post-trade capacity, in particular China and Korea 

You may be assessed on key critical skills relevant for success of the role including job-specific technical skills and interpersonal skills.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific, and any changes must be reviewed. It is important that you ensure you are always working on the correct visa. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

Purpose of the role

To support Trade and Working Capital with day-to-day processing, reviewing, reporting, trading and issue resolution. 

Accountabilities

• Support with day-to-day Trade and Working Capital initiatives including processing, reviewing, reporting, trading and issue resolution through lending technical expertise.
• Monitoring the banks Trade and Working Capital operations to ensure that they are conducted in an efficient and effective manner and comply with relevant regulatory and industry standards.
• Collaboration with teams across the bank to align and integrate Trade and Working Capital processes.
• Identification of areas for improvement and providing recommendations for change in Trade and Working Capital processes.
• Development and implementation of Trade and Working Capital procedures and controls to mitigate risks and maintain operational efficiency.
• Development of reports and presentations on Trade and Working Capital performance and communicate findings to internal senior stakeholders.
• Identification of industry trends and developments to implement best practice in Trade and Working Capital Services.
• Participation in projects and initiatives to improve Trade and Working Capital efficiency and effectiveness.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.