Team Manager
Chennai (Chennai) Project / Product management
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 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
At Barclays, we recruit based on merit and are committed to promoting diversity throughout our organisation.
About the Team
· Post Sanction activities for clients across Premier, Offshore, Wealth, Mid & Large Corporate
Lending Operations is part of Corporate Operations, and is made up of;
· Credit Analysis and M&C
· Operational Readiness (incorporating Rigour/Int. Controls)
· Post-Sanction Fulfilment & Collateral
Our strategy underpins everything we do in Operations. It provides us with the direction and clarity we need to ensure we are focused on the right priorities. Our strategy comprises of five key components:
· Risk, Control and Regulatory Management
· Being commercial partners to the business
· Our client focus
· Our colleague focus
· Our citizenship efforts
Aligning our strategy to the Barclays vision and the 5Cs; Citizenship, Client, Colleague, Company and Conduct is critical as we partner with the business to achieve our goal of becoming the ‘Go-To' bank.
Overall purpose of role
Lending operations focuses on PSF (Post Sanction Fulfilment) journey of all credit facilities across a suite of products ranging from Mortgage, Loan, Overdraft and bespoke facilities cutting across multiple client segment Premier, Off-shore, Wealth and Mid-Large Corporate. The team manages the E2E flow of the facility from Documentation until Life cycle management.
Main Duties and Responsibilities
· The Facility and Collateral Setup team is responsible for the receipt and validation of returned Credit Agreement documents (inc. Fit to Lend checks and Limit Marking) and the setup of these on the required system before drawdown is completed. The role holder will be responsible for Document Receipt & Management, Document Validation, Conditions Precedent Execution, Account Opening, Expired Facility letter Management, Setup Facility, Book Collateral and Mark Limits.
· The Draw Facility Team is responsible for drawing execution upon client request and management of any drawdown issues arising from lapsed facilities or failed transactions. The role holder will be responsible for; issuing drawdown letters, basic client authority checks, managing failed transactions/return of funds, there will also be internal liaison with relationship managers.
· The Collateral Registration and Perfection team is responsible for registration and perfection of collateral with third parties across all security types, jurisdictions and legal entities. The role holder will be responsible for; document management, registration of collateral with 3rd parties; document validation, document custody and perfection, there will also be 3rd party liaison. Within this role it is essential to have detailed knowledge of security types across asset classes.
· The Monitoring team is responsible for the collateral and facility monitoring, information validation and escalation of breaches to appropriate Credit Risk and Private Bank functions. The role holder will be responsible for; issue escalation/exception management, information integrity checks, feeds checks, margin calls/close out, bespoke monitoring, revaluation requests and internal liaison.
· The Credit Servicing team is responsible for facility and collateral administration: ranging from customer enquires through lifecycle event management to collateral discharge and facility closure. The role holder will be responsible for; process execution, lifecycle event management, facility amendments, customer enquiries/complaints, managing daily volumes of post and managing end of terms.
· The Controls Team takes ownership for implementing and adherence to internal and external controls and regulations. The role holder will be responsible for; a number of tasks including; quality assurance, audit, risk event management, root cause analysis and regulatory adherence.
Stakeholder Management and Leadership
· The key stakeholders which the role holder will interact with are internal Relationship Managers and Private Bankers; there will also be a lot of interaction with other credit operations teams across different jurisdictions. The key external clients will be solicitors and valuers
Decision-making and Problem Solving
· Attention to detail is an essential attribute so that we can have confidence that we are producing documentation ‘right first time' and ensuring that we have the correct documentation in place
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
Requirements
· A strong financial background would be advantageous which preferably would be within Credit but for exceptional candidates we would certainly be interested in candidates with a background in other parts of a customer service industry.
· The candidate will possess an excellent command of the English language being fluent in spoken, written and oral English.
· Qualified Graduate (B.Com) or MBA (Finance)
· Total 5 years of experience with 3 years of relevant experience in same domain
· Completed 12 months in their current role and presently at a BA2 or BA3
· Last - year PD rating of Good or above.
· Should not be on active CAP/DAP as on Nov, 2016
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.*
Barclays Values and Diversity
Our common purpose is to help people achieve their ambitions – in the right way. We'll measure and reward our people, not just on commercial results, but on how they live our Values of Respect , Integrity , Service , Excellence and Stewardship and bring them to life every day. To find out more about working at Barclays and the development opportunities we offer please visit our website www.barclays.com
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
You must meet the following eligibility criteria:
· To apply, upload a copy of your updated resume and IJP screening form on Taleo.
· Completed 12 months in their current role at a grade of BA4 or AVP grade
· Last - year PD rating of Outstanding, Very Strong, Strong or Good
· Should not be on active CAP/DAP as on 24/11/2016
Additional details:
Grade : BA4
Location: Chennai
Number of open position(s): 2
Reporting Manager: Chaturvedi, Anitosh