GNA/PB Margin Lead

London, United Kingdom
16 Jan 2023
28 Jan 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
As a Barclays Global Head of PB/ GNA Margin, you will be joining the collateral and margin services function, facing off to multiple business areas and an extensive client base across the industry. You will be leading a regional collateral team whilst managing regulatory and strategic deliverables to enhance the overall operating model. You will develop best practices to meet industry and client demand, driving compliance with the growing market and regulatory requirements, building scalable Enterprise Collateral framework for Barclay's future.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality, and innovation behind us. We offer careers that provide endless opportunity - helping millions of individuals and businesses thrive and creating financial and digital solutions that the world now takes for granted.

Working Flexibly
We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognizes 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.

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 can request work patterns to reflect their personal circumstances. Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?
• Dissecting margin methodologies and associated functionality to determine margin impact and drivers
• Partnering with business and risk stakeholders in client engagement and delivering bespoke client margin solutions
• Monitoring of the collateralization requirements arising from the trading activities of those counterparties with margin documentation in place
• Driving strategic initiative and projects across the collateral organization
• Building, maintaining and enhancing relationships at all levels including interacting effectively with other key areas within the bank
• Conducting periodic assessments of the control environment by analysing existing controls and issues around timeliness, accuracy and completeness of risk information
• Assessing training requirements of your team, offering suggestions to improve team knowledge
• Investigating and resolving margin call disputes, involving portfolio reconciliation and interaction with various internal areas

What we're looking for:
• Bachelor's degree or equivalent experience within banking, finance or similar sectors
• Prime Product Life-Cycle Knowledge (Fixed Income Financing, Equity Financing, CFD, PSwaps, Corporate Actions etc.)
• Experience working at a Financial Institution or servicing one at a Senior level
• Advanced Excel (Pivot tables, Macros) and MS Office skills including Visio and PowerPoint

Skills that will help you in the role:
• Direct experience of the Prime Brokerage, Fixed Income Financing products, OTC derivatives or other products
• Direct experience and understanding of legal contracts specific to PBAs, MRAs, GMRAs, ISDA CSAs
• Solid approach to risk management and awareness of control across BAU and change programmes
• Credibility and influence in order to proactively manage diverse internal stakeholder groups

Where will you be working?
In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within.
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