Manager - Group Treasury Post Trade Processing - AVP
Ref 68321
Country United Kingdom
City Glasgow
Business Area Global Operations
Contract Type Permanent
Estimated publish end date
Department Overview
Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.
We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We re one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management.
The Cash, Collateral and Liquidity (CCL) function is a business-aligned team bringing together a number of critical functions supporting the banks business across the whole group. The primary functions of this group are to provide Pre-Trade Support, Funding, Intraday Liquidity Management, Tri-party financing, Network and Vendor Management, Cost of Income Management, Analytics and Optimisation, Reporting, Change Management and Risk and Control.
These functions play a critical role in helping the bank manage its funding and liquidity needs, supporting the collateral optimisation business and managing the firms core cash management, network, agent and clearing / exchange relationships. The department has a number of key strategic objectives to drive the function forward and improve our capability, including increasing the focus on pro-active value-added services, driving real bottom-line P/L benefits through cost of income, expense management and funding processes, and driving the strategic investment agenda to ensure we build a first-class operating platform to support our future needs.
Main Function
As part of this organisation, CCL Business Transaction Services (BTS) provides transactional support to the Treasury Function and maintains oversight and control of operational processes which support the business.
The Group Treasury Post Trade Processing team currently forms part of CCL BTS. The team is responsible for the daily processing of interest rate swaps, basis swaps, fx and money market instruments executed on the Charms trading platform. They ensure cash flows are correctly generated and settled, and that trades are correctly confirmed, with both automated and manual controls and outputs.
The successful candidate will be responsible for the effective day to day management of the Group Treasury team and processes, and managing two analysts. The role encompasses;
• The supervision and controlled execution of daily tasks ensuring completion within agreed time frames
• Providing subject matter expertise support to the team on an ongoing basis to ensure accurate execution and knowledge growth across the team.
• Maintaining an effective control framework and ensuring compliance with firm and industry standards across the function.
• To identify and promote opportunities for improvement within processes under their control, whilst managing all necessary change in an effective and timely manner.
• Solid business knowledge, risk awareness and control mindset to perform the necessary daily tasks in support of the business.
Main Duties• Execution, allocation and oversight of daily tasks.
• Ensuring all applicable governance, compliance, risk policies and procedures are adhered to.
• Managing the daily settlements process, ensuring the all daily deadlines are met in accordance with counterparty instructions and with authorized Signatory mandates
• Overall responsibility for the status of incoming and outgoing confirmations, ensuing staff maintain a timely and accurate process and issues are escalated as appropriate.
• Oversight of UAT to ensure that quality testing is completed and all issues for the team are resolved
• Responsible for integrating new business and process / system change into the production environment.
• Identifying opportunities for improvements within the department, presenting a coherent case to senior management.
• Overseeing the maintenance of accurate up to date procedures documents
• Fostering of a productive relationship between team and its clients particularly front office, the capital management area, settlements and confirmations contacts.
• Representing Treasury Processing in the prioritizing of IT enhancements.
• Production of team MIS with detailed commentary for management reporting
Person Requirements• MBA or advanced degree valuable
• Experience leading a trade processing / settlement function with knowledge of execution, control and risk.
• Strong working knowledge of ISDA documentation and conventions
• Excellent interpersonal skills including relationship management, communication, teamwork and partnership
• Strong analytical and problem solving skills
• Interest in business issues and ability to learn quickly is essential
• Experience leading or supporting change and strategy
• Proactive and positive attitude and desire to make a difference
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