Equity Financing Operations Specialist
2 weeks ago
As a key member of the Equity Financing Middle Office team at Barclays, you will play a pivotal role in providing global support for the Equity Financing desk. The Client Financing team has daily interaction with Trading/Sales for both bilateral cash/non-cash activity and Tri-party. Your responsibilities will include reviewing contracts to identify and resolve economic differences of Borrow/Loan activity, notifying returns, and managing risk associated with activity processed by the Equity Financing desk.
In addition, you will be responsible for the timely and accurate management of domestic and international Triparty transactions, as well as managing the firm's liquidity pool accounts. This includes trade flow/trade matching, collateral allocations and releases, funding of trade maturities, and ensuring an accurate stock record. Your team will work to minimize the use of intraday credit through an effective intraday collateral substitution process, while ensuring all requested securities are released from tri-party in a timely manner to support the firm's Settlement activity.
To thrive in this role, you should have three to five years of good exposure in prime service middle office operations; preferably working in SBL area, product knowledge in Equity financing, i.e., SBL and secured funding, knowledge in the Asian market settlement process, and ability to work under pressure and to challenging deadlines. Good communication skills (verbal and written) and experience dealing with traders would be a plus.
Key Responsibilities- Support various business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution.
- Collaborate with teams across the bank to align and integrate operational processes.
- Identify areas for improvement and provide recommendations in operational processes.
- Develop and implement operational procedures and controls to mitigate risks and maintain operational efficiency.
- Develop reports and presentations on operational performance and communicate findings to internal senior stakeholders.
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