Barclays Hiring PDS Clearing Management Analyst - Mumbai

Job Description

Purpose of the role

Desk Analysts monitor specific sectors and credits while tracking important news events that may affect markets. They collaborate with traders and sales teams to share company updates and market insights internally and with clients. Analysts also develop financial models to forecast performance and evaluate capital structure opportunities.

The role involves extensive research on companies and industries to identify emerging trends that may influence performance. This includes reviewing industry publications, company financial reports, expert interviews, and meetings with company management teams.

Accountabilities

• Maintain and update financial models and client databases with accuracy.
• Prepare reports, presentations, and documentation to support sales and trading activities.
• Track market data, industry updates, and company news while assisting with financial analysis for trading decisions.
• Monitor financial performance and news flow related to specific sectors, credits, and the broader financial market.
• Use knowledge of fundamental credit to collaborate with traders in developing trading ideas.
• Conduct credit analysis on selected entities and develop investment insights for the trading desk.
• Participate in earnings calls, create financial models, and maintain trading blotters.

Analyst Expectations

• Complete assigned tasks consistently on time while maintaining high quality standards and supporting continuous improvement.
• Demonstrate strong technical knowledge within the assigned area and a solid understanding of relevant principles and concepts.
• Collaborate with related teams and functions while contributing to operational processing and activities.
• Support implementation of new policies and procedures related to risk mitigation and compliance.
• Take responsibility for managing risk and ensuring work aligns with regulatory rules, standards, and codes of conduct.
• Build an understanding of how the sub function integrates with the wider organization, including products, services, and operational processes.
• Use analytical judgement based on factual data and attention to detail to support decisions.
• Resolve issues by identifying solutions using established precedents and technical experience.
• Communicate complex or sensitive information clearly and collaborate with stakeholders across teams.
• Act as a contact point for stakeholders outside the immediate function and develop professional networks across the organization.

Colleagues are expected to demonstrate Barclays values including Respect, Integrity, Service, Excellence, and Stewardship. They should also embody the Barclays mindset of Empower, Challenge, and Drive.

The Prime Derivatives Services (PDS) division provides execution, clearing, intermediation, and settlement services for internal trading desks and external clients. The business includes Futures Execution and Clearing, OTC Derivatives Clearing, and FX Prime Brokerage.

The Clearing Management Analyst manages governance and reporting activities such as sending designatory notices to FXPB clients. The team maintains dashboards summarizing daily revenue accruals across OTC and FXPB businesses and collaborates closely with finance and regional clearing teams to meet reporting requirements. They also support intermediation activities for restricted currencies, delivering FX execution support to global clients.

The role requires an understanding of PDS products including Futures, Options, cleared interest rate swaps, and credit default swaps. Attention to detail and the ability to coordinate with front office desks are important to ensure accurate and timely completion of tasks and projects. The team supports multiple reporting streams including TCU functions, FX trading processes, COO reports, FXPB, OTC, and Treasury MIS reporting.

Key Responsibilities

• Execute restricted FX transactions through onshore brokers for client funding requirements such as margin calls or withdrawals on futures positions.
• Calculate and report daily and monthly revenue for FXPB and OTC businesses.
• Prepare analytical statistics and reports that support business decision making, including sales performance analysis, budget gap reporting, weekly volume and P&L summaries, and client related metrics.
• Assist the business in processing economic trade terms into trade capture systems and support subsequent risk modifying activities across asset classes such as Rates, FXPB, Futures, and CDS.
• Provide support for trade lifecycle events including amendments, cancellations, credit events, corporate actions, and other related processes.
• Work with trading desks, technology teams, middle office, and global change management teams across regions including New York, London, and Asia.
• Prepare detailed analytical reports and present insights to management.

Desirable Skills

• Graduate or MBA from a reputed engineering or business school.
• Strong analytical and numerical capabilities with knowledge of derivatives, rates, and FX products and associated risks.
• Ability to manage multiple priorities in a fast paced environment while meeting tight deadlines.
• High level of attention to detail and strong organizational skills.
• Capability to build relationships with internal stakeholders and understand business requirements.
• Proactive mindset with interest in improving processes and workflows.