Assistant Vice President

Job Title: Assistant Vice President Location: Pune About Barclays Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. Risk and Control Objective 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. Working Flexibly We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility then please discuss this with the hiring manager. Derivative Post Trade Services is a cross-asset class function responsible for ensuring that all Interest Rate, Credit, Equity, Commodity and Foreign Exchange Derivatives are controlled and settled in an efficient and cost effective manner. The department supports a broad range of operational services across the OTC trade lifecycle including lifecycle management, affirmation, confirmation, nostro and brokerage reconciliation as well as strategic product support. The department is proactive in implementing state of the art systems and procedures to support our OTC Derivative business in Europe, North America and Asia Pacific. We are considered industry leaders and continually look for ways to implement efficiencies, reduce risk to the firm and enhance the experience of our clients. Affirmation of Derivative trades with internal and external counterparties Production of ISDA paper trade confirmations for all vanilla and some complex Derivative trades. Incoming validation and matching of paper and electronic trade confirmations, including DSMatch. Develop and manage operational relationships with our clients through pro-active affirmation and confirmation of Derivative trades. What will you be doing? Responsible for recruitment of staff and ensuring that all new joiners undergo standard training on derivatives products and processes Setting staff objectives for ongoing staff development and conducting appraisals Responsible for directing the day-to-day operations for the team, including: Allocation and oversight of daily tasks. Production of team MIS with detailed commentary for management reporting Management oversight of all KRI’s and KPI’s and addressing all high-risk metrics promptly Extensive knowledge of derivative products and the front-to-back processes within Post Trade Services, and ensuring that the knowledge is shared across the team Ensuring all applicable governance, compliance, risk policies and procedures are adhered to Oversight of UAT to ensure that quality testing is completed and all issues for the team are resolved First level management escalation point for all high priority issues Key representative from the department to engage in strategic initiatives discussions with colleagues globally and communicate the expected requirements and impact for the team including working with Controls team. Continual assessment of existing processes to identify innovative ways