Step into the role of AVP - Prime Derivative Services at Barclays, where you'll provide first-class support by conducting in-depth due diligence, ensuring compliance with regulatory requirements, and safeguarding our clients and organization with expertise and care.

The role in the Prime Derivatives department is expected to understand the working of the OTC product and Understand the risk in the product. Design controls to ensure the risk is captured and is well articulated and also draw a plan to have the same resolved. Prime Derivative Services a part of the wider IBMO team is responsible for processing of Listed and OTC/Futures products. The process includes Reconciliation, Client services, Trade Capture and UT Controls.

You may be assessed on key critical skills relevant for success in role such as:

• Review and perform the system reconciliation function. All differences have to be investigated, escalated and cleared within agreed timescales.

• Strong understanding of different exchanges and the OTC product.

• Comprehensive knowledge and understanding of the Middle Office environment and the front-to-back processes to perform the BAU daily tasks, such as Reconciliations, Liaising with different team to get issues resolved, Trade Bookings, UT controls.

• Fostering excellent working relationship with internal counterparts (i.e. Senior Management, IT, Desk, Sales team, TCU, Settlements, Finance).

• Strong/Excellent verbal and written communication skills, able to clearly articulate complicated issues to management and other impacted areas and ensure timely resolution of breaks and issues.

• Challenge processes in order to achieve more effective processes and efficiency saves to the firm.

• Building and maintaining good internal and external relationships to aide with fluency of process.

• Daily breaks management with interaction with the internal team and escalation to management where required to highlight risk.

• Responsible for the effective management and resolution of queries and breaks by exercising strong judgment and decision making skills.

• Show ability for streamlining process flows and solid problem solving skills, while providing flexibility for change management when necessary.

​Desirable Skillsets:

• Excellent understanding of front to back system architecture and end to end processes and controls.

• Passionate about continuous improvements, leading by example and using their network of contacts to both improve their personal and team performance, identify areas for process improvement and ensure successful delivery of projects.

• Good Knowledge and understanding of Prime OTC products

• Ability to network and build rapport and credibility quickly with a variety of key stakeholders (FO, Ops Senior Management, IT).

• Excellent knowledge of MS Office applications, including and not limited to Outlook, Excel, Word, PowerPoint.

• Self-Starter, Confident and Proactive.

• Desire to make an impact.

• Time Management and deadline delivery.

• Excellent analytical skills.

• Innovative with a proven track record of implementing change to drive process improvements.

You may be assessed on key essential skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

This role is based out of Pune.

Purpose of the role

To support business areas with day-to-day processing, reviewing, reporting, trading and issue resolution.

Accountabilities

• Support various business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution.

• Collaboration with teams across the bank to align and integrate operational processes.

• Identification of areas for improvement and providing recommendations in operational processes.

• Development and implementation of operational procedures and controls to mitigate risks and maintain operational efficiency.

• Development of reports and presentations on operational performance and communicate findings to internal senior stakeholders.

• Identification of industry trends and developments to implement best practice in banking operations.

• Participation in projects and initiatives to improve operational 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.