PDS Clearing Management Analyst

Join us as a “PDS Clearing Management Analyst” at Prime Derivatives Services (PDS) is a global business that provides execution, clearing, intermediation and settlement services to both internal trading desks and external customers. PDS includes three main businesses ie Futures Execution and Clearing, OTC Derivatives Clearing, FX Prime Brokerage

To be a successful “PDS Clearing Management Analyst" - candidate is responsible for various governance and reporting responsibilities around sending designatory notices to our FXPB clients. The team creates and manages dashboard summarizing our daily revenue acruals in OTC and FXPB business. They also work on other reporting obligations in close coordination with Finance and regional clearing business teams. The team also covers the intermediation activity for restricted currencies providing critical FX execution support to our global clients.

You may be assessed on the key critical skills relevant for success in role,

that requires sound understanding of PDS Products i.e. Futures, Options, cleared Interest rate swaps and Credit default swaps would be an added advantage, eye for detail and an ability to liaise with the PDS front office desks to ensure the timely and accurate delivery of tasks/projects performed. Over the past seven 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.

The clearing Management Team looks at various activities across TCU functions, FX Trading processes, COO reports, FXPB, OTC & Treasury MIS reports.

Basic/ Essential Qualifications:

• Execute restricted FX via an onshore broker for clients as part of their funding requirement (margin calls or withdrawals) on their futures position.
• Calculate and report the daily / monthly revenue for FXPB and OTC business.
• Prepare Statistics and Reports to aid PDS Business with enhanced analysis to support business decision making like creating a bi-weekly report that depicts sales performance and the budget gap, weekly pack that depicts the volume and P&L & highlights for the week, and other client related metrics for the PDS products.
• Support the business in processing the Economic Terms of Trades into Trade Capture Systems inclusive of subsequent Risk Modifying Activities on that trade across asset classes i.e. Rates, FXPB, Futures, CDS. Trade Capture assistance includes Amendments, Cancellations, Lifecycle Events, Credit Events, Corporate Actions.
• Communicate effectively for facilitating medium to large scale projects with different groups including trading desks, technology, Middle Offices, and global change management teams across multiple business lines in New York, London and Asia. Prepare detailed reports based on the analysis and present to management.
• Stakeholder management and leadership - describe levels of stakeholders the individual will be interacting with and expectations. Discuss nature/ breadth/ interpersonal leadership qualities required.
• Decision making and problem solving. Extent and level to which the job requires evaluative judgement and analytical skills.

Desirable skillsets/ good to have:

• Graduate or MBA from top tier Engineering/Business school.
• Excellent verbal and written communication skills, able to clearly articulate complicated issues to management and other impacted areas and ensure timely resolution of issues and breaches. Should be comfortable communicating directly with all levels of the organization, including senior management.
• Highly analytical and numerate with exceptional problem solving abilities and Comprehensive knowledge on Derivative, Rates and FX products and associated risks.
• Well organised with good time management skills and the ability to meet tight deadlines and prioritise tasks. Ability to multi-task and prioritise accordingly in a highly pressurised environment.
• Superior attention to detail.
• Ability to develop relationships with internal clients to understand and address their needs.
• Eagerness to take initiative and promote process improvements.
• Team player.
• Displays confidence and professionalism.
• Highly motivated.

This role will be based out of NKP in Mumbai.

Purpose of the role

Desk Analysts cover relevant sectors and credits and watch for news events.  Desk Analysts work with Traders and Salespeople to convey company and market updates internally and externally to clients.  Desk Analysts build financial models for the purpose of forecasting financial performance and evaluating capital structure opportunities.  Desk Anaylsts spend significant time researching relevant companies and their industries to identify emerging trends which will impact subject company performance.  Diligence consists of reading and understanding industry press, company financial reports and documents, expert interviews, and meeting with company management teams.

Accountabilities

• Maintenance and updating of financial models, as well as client databases accurately.
• Reports, presentations, and documentation preparation to support sales and trading activities.
• Monitoring of market data, industry news, company news and assist in the analysis of financial information for trading decisions.
• Monitoring financials and news flow for particular credits, sectors and general financial news
• Using your understanding of fundamental credit to work with traders to develop trade ideas
• Performing fundamental credit analysis on specific credits and developing actionable investment ideas for the trading desk
•  Participating in earnings/company calls, building financial models, and maintaining trading blotters

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• 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 develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

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.