Barclays – Analyst – Reconciliation – Equity Derivatives Group (4-8 yrs)

By | April 18, 2016

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 organization.

Department Overview:
The primary Job of IBMO is to manage the risk on T+1 by performing various reconciliation, control reports and monitoring various exception Queues. We play a key role in ensuring the FO Pnl is in line with BO Pnl.

Overall purpose of role
– Reconciliation for the Equities & Equity Derivatives Group (EDG)
Oversee the production, investigation, and resolution of different reconciliation reports (FOFO, FOBO, external, intersystem)
Analysis of trade discrepancies within reconciliations and assign breaks to relevant Middle Office teams according to required SLA- s
Liaise / escalate to Front office, middle office, and Settlements teams to resolve trade breaks
Act as a deputy for manager providing coverage during EMEA hours, facing off to senior stakeholders in London / NY teams for escalations
Investigate and analyse the root cause of delays or incorrect running of complex reconciliations
Communicate delays and details of the complex issues around reconciliations during EMEA hours to global counterparts
Negotiate revised deadlines on SLA’s as required
Work with global Middle office teams and technology to resolve urgent issues, making decisions independently
Follow up with external brokers for settlement and trade breaks
Ensure trade bookings are correct and rectify discrepancies on same day
Identify, escalate, and control gaps
Implement control agenda
Involve in broker account opening process and follow up with broker to obtain relevant documents
– Query Management
Address and respond to, in a timely manner, issues stemming the reconciliation duties
These interactions will be with a wide range of areas, both from front office (Sales and Trading) and back office partners
– Control report production the Equity Derivatives Group (EDG)
MIS production

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