The Company is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers.
Itis organised into four core businesses: Personal & Corporate (Personal Banking, Corporate Banking, Wealth & Investment Management), its card, Investment Banking and Africa.
Agency Derivatives Services (ADS) is a global business that provides execution, clearing, intermediation and settlement services to both internal trading desks and external customers. ADS includes three main businesses:
• Futures Execution and Clearing
• OTC Derivatives Clearing
• FX Prime Brokerage
ADS is primarily managed from London, New York, and Singapore, with team members in various other strategic locations across the globe to ensure that a truly global and seamless clearing offering can be delivered to clients. The global team employ a robust follow the sun model providing client coverage 24 hours a day.
ADS has a clear focus on developing and supporting systems in house for many of the core downstream clearing and reporting solutions. This includes clearing, middle office, allocation and average pricing technology, client reporting, exercise/assignment solutions, cash and treasury solutions. A select number of vendor based systems are used by ADS and, for each of them, key IT experts are employed in house for implementation, upgrades and ongoing support of these applications.
Overall purpose of role: ADS business comprises of Futures Execution & Clearing, OTC Clearing and FX Prime Brokerage business with a purpose to provide end-users with an efficient venue where they can execute and clear these products.
The role requires sound understanding of Derivative products (Exchange Traded and OTC), Market Risks, Regulatory Framework, good programming/SQL/Database skills, eye for detail and an ability to liaise with the ADS front office desks to ensure the timely and accurate delivery of tasks/projects performed. Over the past four years the team has created its own niche brand within the business and the person joining this team has got a great ask to drive this brand further.
The role holder will interact with regional desks to understand the key areas of business - Risk and Treasury functions, RWA and Balance Sheet Drivers and work closely with them to build solutions/models/reports that can help in making the business more efficient from resource/ revenue perspective.
Key Accountabilities and Skills required:
o Key specific accountabilities: The ADS Risk & Treasury team supports ADS business globally with Risk Analytics and management for Internal/external books, portfolio and client exposures, Treasury balances, collateral optimization and Interest income analysis. The team also works closely with the Trade Analytics team working on financial resources, Backloading and portfolio analysis providing IM, Capital (CEM and SACCR) impact for new Trades, analysis and calculation of Basel 3 capital metrics (RWA/Leverage).
o Initially spend time with the team lead to understand the ADS global business, Risk and Treasury management, Derivative products like Futures, Options, OTC, FX PB. Business, systems involved. Get hands on with database Analytics using tools like Spotfire /Qlikview/Access/SQL/VBA Macros
o Managing daily deliverables and meeting all agreed SLAs
o Create prototypes of innovative tools/models to facilitate decision analytics for trading or risk business.
o Work on regulatory reporting and exercises like CFTC Liquidation Exercise, Residual Interest projection and Front office sponsored projects to drive efficiency and revenue.
o Reporting and Analysis of Risk sensitivities like DV01, CS01%, various Treasury reports providing Daily Collateral, Global Revenue and Balances, region wise Interest Attribution, FX and Futures product Margining, FCM Data Analysis etc.
o Ensure cross training and knowledge transfer within the team.
o Responsible for front to back management of the initiatives and projects ADHOC requests catering to above items.
Stakeholder management and leadership:
o This is a high-profile front office position which will require a high level of engagement with a variety of stakeholders across the firm, including Front Office Risk, Treasury and Sales desk across multiples businesses in New York, London and Asia
Decision making and problem solving:
o Proactively provide inputs and suggestions to improve processes.
Risk and Control:
o All company's 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 Policies and Policy Standards of the company.
Your Skills and Qualifications will include:
o Graduate or MBA from top tier Engineering/Business school
o Excellent verbal and written communication skills, able to clearly articulate complicated issues to management and other impacted areas and ensure timely resolution of issues and breaches.
o Highly analytical and numerate with exceptional problem solving abilities
o MS Access, SQL, VBA - Technical Knowledge – Database development and management
o Advanced Excel (Pivot tables, Macros), MS Office skills and inclination to learn new IT Skills like Qlikview
o Comprehensive knowledge on basic Derivative products.
o Well organised with good time management skills and the ability to meet tight deadlines and prioritise tasks.
o Able to work effectively as part of a large team.
o Able to multi-task and prioritise accordingly in a highly pressurised environment.
o Willing to take on responsibility.