BA4 Prime Brokerage Middle Office Analyst
New York, United States Sales
Job description
About Barclays
Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions – in the right way.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 135,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com . Barclays offers investment banking products and services in the US through Barclays Capital Inc.
About Barclays
Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions – in the right way.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 135,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com . Barclays offers investment banking products and services in the US through Barclays Capital Inc.
About Barclays Investment Bank
We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs.
EEO statement
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Overall purpose of role
The Prime Brokerage Middle office is responsible for the effective functioning and monitoring of all Prime Brokerage Operations related activities including trade processing, client account reconciliation, onboarding, client reporting and trade lifecycle management. The middle office work closely with various teams across the bank including Client Service, Stock Loan, Finance and Compliance to deliver a comprehensive service for our clients.
Key Accountabilities
The analyst will manage client trade activity related to both Equity and Fixed Income products, ensuring daily activity is processed and risk and control items are mitigated in a timely manner. The role will also require extensive daily interaction with both internal and external clients. They will serve as the primary escalation contact for Client Service and Sales teams.
The specific duties pertaining to the role are :
· Overseeing daily trade processing across all prime brokerage customer accounts
· Ensure all trades are properly captured by firms in- house systems and where necessary, manually enter pending root cause analysis and remediation
· Identifying inter/intra system exceptions stemming from breakdowns in trade lifecycle processing
· Investigating root cause of issues and determining strategic solutions
· Tracking of all unsettled trades for client executions done with other Broker Dealers and execution venues, mitigating operational risk
· Multi-tasking requests from several clients while providing superior client service..
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
Basic Qualifications
· Bachelors Degree
· 2+ years of experience in Prime Brokerage Operations or related
· 2+ years of Operational Client Account Management experience
Preferred Qualifications
· Ability to lead by example while multi-tasking and prioritizing queries and issues accordingly
· Ability to build strong relationships with Front Office and other Operational groups in order to deliver a quality product to our clients
· Team player
· Strong communications skills
· Strong attention to detail
· Knowledge of BPS subledger system
· Understanding of US fixed income and equity DVP markets