IB Fx and Derivatives
Barclays
Mumbai, IN
1d ago

About Barclays

Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-

term sustainable returns.

Our two clearly defined divisions, Barclays UK and Barclays International, provide diversification by business line, geography and customer, enhancing financial resilience and helping to contribute to the delivery of consistent returns through the business cycle.

We have a strong core business with exciting prospects, well positioned to deliver long-term value for our shareholders.

Consistent with the objective of delivering long-term sustainable value for all our stakeholders, we have developed our Shared Growth Ambition our approach to citizenship and the sustainability of the business model we operate.

The aim is to make decisions and do business that provides our clients and customers, and the communities which we serve, with access to a prosperous future.

The delivery of our strategy is underpinned by the energy, commitment and passion of our people, and we are clear on our common purpose : to help people achieve their ambitions, in the right way.

About Barclays India Employee Value Proposition

At Barclays, each day is about being more as a professional, as a person. The statement Be More Barclays’ represents our core promise to all current and future employees.

It is the characteristic that we want to be associated with as an employer, and therefore is at the heart of every employee experience.

Following are the four supporting pillars of our employee value proposition :

  • Be More Globally Connected
  • Be More Inspired
  • Be More Impactful
  • Be More Valued
  • For further information on EVP, please click on the link below

    About Operations

    Operations & Technology has a crucial role to play in enabling Barclays to become the bank of choice. We will do this by taking our business into the digital future, and creating world-

    class experiences for our customers, clients and colleagues.

    About IB Operations

    The primary function of the Operations team is to ensure & meet service delivery for quality and timeliness for entire Forex, Money Markets & Derivative Trade processing.

    This includes management of an end-to-end Trade processing and Reporting of Forex, Money markets & Derivative undertaken by the Bank.

    Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

    Overall purpose of role

  • Managing the end to end processing of FX and Derivative trades.
  • To support business areas in deciphering regulatory changes and help in implementing appropriate controls to meet regulatory mandates.
  • Ensure efficiency through development and management of controls and procedures and their constant reviews in relation to processing of FX and Derivative trades, so as to ensure compliance to both external and internal risk / regulatory guidelines.
  • Ensure the timely submission of all regulatory returns
  • Key Accountabilities

  • The job role requires meeting service delivery standards for quality and timeliness for entire FX and Derivative operations.
  • This entail processing of FX and Derivative trades which includes authorization, confirmation, settlement, reconciliation & all regulatory and other reporting’s such as trade reporting to CCIL within the prescribed timeline, monitoring of various reports published by CCIL, highlighting delays, resolving / escalating issues.

  • The regulatory environment in the FX and Derivative operations is dynamic and continuously changing due to various regulatory updates.
  • This entails continuous preparedness for documenting the changes, performing UAT and subsequently handling the new / additional processing / reporting requirements.

  • The job role entails working closely with the wider risk reporting and risk management teams to ensure controls are fit for purpose, with agreed schedule to implement missing or weak controls
  • This role requires understanding of the regulatory report submission & should be aware of regulatory changes applicable.
  • Manage RBI annual Inspection, statutory, concurrent and internal audits with the aim of obtaining clean audit reports.
  • Stakeholder Management and Leadership

    Create strong partnerships with Business, Compliance and other departments. Support business areas in deciphering upcoming regulatory changes, and help them implement appropriate controls to meets these requirements.

    This role also involves managing the team and their development.

    Decision-making and Problem Solving

    The Incumbent must be detail-oriented with the ability to multi-task, prioritize work, and communicate effectively with Business, Clients and other stakeholders.

    The Incumbent should have the ability to quickly analyze the impact of changes in guidelines, providing business with analysis and impact of changes in guidelines.

    Follow-through skills and time management are critical elements of this position.

    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

  • Clear understanding of various RBI guidelines, FEDAI circulars, FEMA notifications from time to time applicable for FX.
  • Ability to communicateand build strong relationships with Business, Compliance and other stakeholders
  • Strong analytical skills and detail orientated.
  • Strong ability to multi-task.
  • A can do attitude willingness to accept challenges and work to tight deadlines
  • Ability to identify and appropriately escalate issues and risks
  • Excellent attention to detail
  • Be self motivated and highly driven individual
  • Essential Skills / Basic Qualifications :

  • Working knowledge of all aspects of India banking sector
  • In depth business awareness and specific industry / country / International awareness
  • Awareness of legislation affecting the Bank and customers
  • Ability to network effectively both internally and externally and maintain / develop relationships with key figures in the business community.
  • Likely to have previously undertaken a role in a similar market place for at least 2 years
  • Desirable skills / Preferred Qualifications :

  • Minimum qualification a University graduate
  • Experience of working in a regulated (banking & financial services) environment
  • Knowledge of the FX products, services and policies required to undertake the role
  • Purpose and Values

    Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it.

    Our Purpose is helping people achieve their ambitions in the right way. Put simply this is the answer to the question What is Barclays for?

    and it should guide our every action as employees.

    Respect

    We respect and value those we work with, and the contribution that they make.

    Integrity

    We act fairly, ethically and openly in all we do.

    Service

    We put our clients and customers at the centre of what we do.

    Excellence

    We use our energy, skills and resources to deliver the best, sustainable results.

    Stewardship

    We are passionate about leaving things better than we found them.

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