BA4 Securitized Products Analyst

Job description

Barclays moves, lends, invests and protects money for customers and clients worldwide. Please visit our website here for more information.

Operations is an exciting and fast moving function. More than 10,000 employees work in Operations, across 17 countries and 30 cities, supporting millions of financial transactions, worth billions of pounds. We ensure that trades get to the right client and to the right account, at the right time, and cover the full spectrum of financial products, from bonds and equities to swaps and options. The environment we operate within is continually changing and Operations plays a key role in driving market initiatives and regulatory changes. By ensuring we are ahead of competitors on these initiatives, Operations can help drive down costs and increase revenue.

Overall purpose of role:

Securitized Products Operations is responsible for the supporting all trading and sales activity within the Securitized products asset class. The Securitized Products Operations team is expected to focus on controlling and safeguarding the firm's assets while ensuring timely, accurate, and efficient processing, confirmation, settlement of transactions and minimizing risk in a well controlled environment. Main Function: Securitized Products candidate will liaise with the Trading Desk and third party mortgage originator to coordinate the funding, servicing, and maintenance of residential mortgages being pledged to the Warehouse Line. Analyst will also perform daily funding of Participation Certificates once pools have been certified for trading.

Key Accountabilities and Skills required:

o Ensure that fees, interest, and principal activity is collected, processed, and recorded in our residential whole loan inventory and sub-ledger systems

o Ensure the accurate set-up and maintenance of static and transactional data on all Bank Systems and databases relating to client and deal information, via regular review of discrepancy and balance reports

o For unresolved items, provide detailed commentary and explanations for discrepancies including estimated time frames for resolution

o Coordinate daily funding of residential whole loans with multiple clients, where attention to detail and an efficient turnaround.

o Process daily funding of Participation Certificates prior to securitization. Work with Clients and take out investors to ensure trades are accurate and matched on FICC.

o Review and process all incoming remittance reports and obtain any missing reports or data

o Reconcile the residential loan level data booked in our residential whole loan inventory system against the firm's books and records

o Maintain necessary files, both computerized and manual learn numerous operating systems (SP Cats, IMPACT, LION, CPP, etc)

o Monitor all incoming and outgoing funds in the DDA's and advise and investigate any un-reconciled items

o Engaging with and managing Business and IT relationships throughout Project Life cycle

Risk and Control Objective: All Barclays colleagues have to 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.

Your Skills and Qualifications will include

o Basic Qualifications

o Bachelor's Degree

o 1+ years experience of Warehouse Lending

o 1+ years industry experience

o Preferred Qualifications

o Understanding of mortgage life cycle from origination through securitization.

o Knowledge of the front to back process in an environment of investment banking

o Understand operational risks

o Proven ability to build, maintain and enhance relationships at all levels including interacting effectively with other key areas within the bank e.g. IT, MO, FO, Ops Control

o Excellent communication and interpersonal skills

o Advanced user of Microsoft Excel/Outlook

o Detail oriented with the ability to work in a fast paced environment with multiple time sensitive deadlines

o Prior experience with reconciliations a plus

The Benefits: Our customers deserve the best. The same goes for our employees. That's why at Barclays you'll receive a range of benefits that include a competitive salary and all the tools, technology and support you need to succeed.

Our Culture: Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it.

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.

Barclays is an equal opportunity employer and are opposed to discrimination on any grounds. For more detailed information, please visit our dedicated Diversity and Inclusion site here .

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.