Analyst, Barclays Luxembourg Principal Funding and Securitisation

N/A

About Luxembourg Treasury

Barclays has a team of 23 Treasury professionals based in Luxembourg, who are part of the bank’s wider Principal Structuring and Investments team. Treasury activity carried on in Luxembourg can be classified into three broad areas, Securitisation, Intra-group Funding and Structured Credit.

The Luxembourg Principal Funding and Securitisation team is made up of securitisation professionals, who are responsible for structuring, arranging and managing retained balance sheet securitisations of assets originated by Barclays Bank PLC (corporate loans, commercial property loans and high net worth mortgage loans).  The team is supported by a Luxembourg based Middle Office team, together with dedicated IT and Finance teams.

Luxembourg Treasury uses retained securitisation notes to raise liquidity for the Barclays group through repo and collateral upgrade transactions with a wide range of market counterparties.

Luxembourg Treasury also provides long term funding to other parts of the Barclays Group as part of the overall Treasury strategy to manage the key financial resources of Barclays.

Overall purpose of role

The primary focus of the role is to support the Barclays Luxembourg Principal Funding and Securitisation business, and in particular its securities financing transaction activities. Specific responsibilities include:

• Management of the existing portfolio of transactions and their associated life cycle events;
• Assisting with the development of new, or restructuring/unwinding of existing, transactions;
• Be the primary point of contact for infrastructure partners for queries in relation to the transaction portfolio;
• Working closely together with infrastructure areas to drive improvement of the management of the transaction portfolio;
• Ensuring adherence to and seeking to continually strengthen the control framework impacted by our activities.

Key Accountabilities

• Ownership and execution of lifecycle events for allocated transactions, including margin calls, collateral substitutions and payments and responding to general queries from other Barclays’ teams;
• Acting as liaison between the execution team and infrastructure areas to ensure transactions are handheld through pre-execution to settlement;
• Ensure that all business activities are carried out in compliance with the firm wide, and business specific conduct, risk & control limits and expectations;
• Drive (tactical) business process improvement projects in order to streamline the trade lifecycle management process.

Stakeholder Management and Leadership

• Interaction with senior business and infrastructure management at both Director and Managing Director level;
• Provide subject matter expertise to Finance, IT and Middle Office teams;
• Be able to develop and maintain strong relationships across a broad range of stakeholders to ensure that the business receives the required levels of technical and practical support to meet its goals;
• Be able to understand complex ideas quickly and communicate them to non-specialists clearly so that they can understand the impact of their areas and what is required of them.

Decision-making and Problem Solving

• Barclays Luxembourg Principal Funding and Securitisation has responsibility for Luxembourg Treasury’s external secured financing transactions. A key success factor for the role is to effectively coordinate with internal teams involved to move actions forward and ensure the trasanctions are operating as expected;
• Be able to work with infrastructure partners to find a best fit booking model for structured transactions taking into account conflicting priorities. A key part of the role is being able to navigate the infrastructure (especially Finance and IT) to find a solution that works for all Barclays stakeholders and enables the successful execution and ongoing support of the transaction;
• Identify and implement (tactical) business process improvements that streamline the trade lifecycle management process.

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.

Person Specification

The successful candidate should be:

• Highly numerate with strong attention to detail and the ability to perform tasks quickly and accurately
• Pro-active mindset and highly driven to strive for continuous improvement
• Collaborative approach, with a record of developing constructive working relationships with a wide range of stakeholders
• Excellent communication/interpersonal skills
• Precise and accurate working style
• A strong communicator, able to understand complex ideas and then communicate them clearly to a non-specialist audience across a range of corporate grades (analyst to MD) and infrastructure teams

Essential Skills/Basic Qualifications:

• Degree or equivalent experience, ideally with some Finance or Economics element
• Proficient to advanced user of MS Excel
• Minimum of two years’ finance experience, ideally gained working in an investment bank, investment fund or accounting firm
• Familiarity with securities financing transactions (repurchase trasanctions / securities lending) would be a plus
• Previous experience in a trade capture / trade support team would be a plus
• Motivated, self starter with experience of working in a high pressure environment
• Excellent written and spoken English