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Date live: Jan. 09, 2024

Business Area: COO & Functions

Area of Expertise: Finance

Reference Code: 90381550

Contract: Permanent

Barclays Overview

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.

We are an equal opportunity employer and we are opposed to discrimination on any grounds

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives.

About Treasury

Treasury is responsible for managing the key resources of capital, balance sheet, funding and liquidity providing the bank, its businesses and other stakeholders, such as regulatory authorities, with key information, policies, standards, metrics and methodologies.

We work with Barclays’ business partners, customers, regulators and other stakeholders to ensure the bank’s financial resources are managed safely and commercially on behalf of our shareholders.Please visit our websiteherefor more information.

About Luxembourg TreasuryBarclays has a team of 23 Treasury professionals based in Luxembourg, who are part of the bank’s wider Principal Structuring and Investments team. Treasury activity carried on in Luxembourg can be classified into three broad areas, Collateral Management, Intra-group Funding and Structured Credit.

The Luxembourg Collateral Management team is made up of securitisation professionals, who are responsible for structuring, arranging and managing retained balance sheet securitisations of assets originated by Barclays Bank PLC (corporate loans, commercial property loans and high net worth mortgage loans).The team is supported by a Luxembourg based Middle Office team, together with dedicated IT and Finance teams. 

Luxembourg Treasury uses retained securitisation notes to raise liquidity for the Barclays group through repo and collateral upgrade transactions with a wide range of market counterparties. 

Luxembourg Treasury also provides long term funding to other parts of the Barclays Group as part of the overall Treasury strategy to manage the key financial resources of Barclays.

Overall purpose of role

The primary focus of the role is to take an active part in the ongoing management and growth of the Barclays Luxembourg Collateral Management business. Specific responsibilities include:

oStructuring and executing new securitisations, including asset analysis, transaction modelling, credit rating agency discussions, legal documentation and internal/external governance;

oLeading engagements on new securitisations with credit rating agencies and law firms;

oBuilding relationships with stakeholders within Barclays Corporate and Investment Bank to identify new portfolios of assets suitable for securitisation;

oCoordinating post execution management of the existing securitisation platform;

oWorking closely together with IT and Middle Office teams to drive improvements and efficiencies in the management of the securitisations;

oEnsuring adherence to and seeking to continually strengthen the control framework impacted by our activities.

Key Accountabilities

oStructuring and executing new securitisationsand periodic amendments to existing transactions;

oOverseeing execution of periodic life-cycle events for the live securitisations, including daily credit quality montoring, monthly replenishment, monthly reporting and annual audit;

oOwnership and coordination of management of existing securitisation transactions;

oDriving improvements and efficiencies of the post-execution platform management;

oEnsuring that all business activities are carried out in compliance with the firm wide, and business specific conduct, risk & control limits and expectations.

Stakeholder Management and Leadership

oSignificant interaction with senior business and infrastructure management at both Director and Managing Director level (including BI Treasury, Investment Bank, Corporate Bank and Private Bank);

oProvide subject matter expertise on the impact of the Collateral Management activities across a number of key metrics (P&L, RWA, Balance Sheet, Liquidity & Capital) and how that is expected to change over time;

oBe able to develop and maintain strong relationships across a broad range of stakeholders to ensure that the business receives the required levels of technical and practical support to meet its goals;

oBe able to understand complex ideas quickly and communicate them to non-specialists clearly so that they can understand the impact of their areas and what is required of them. For example, explaining the structure of a securitisation and replenishment logic, and working with IT and Middle Office to ensure transaction documentation is captured correctly and efficiently in the operational infrastructure.

Decision-making and Problem Solving

oBarclays Luxembourg Collateral Management has responsibility within Barclays for the management of Barclays International’s retained balance sheet securitisations and coordinates the management of the securitisations with numerous internal teams involved. A key success factor for the role is to effectively coordinate with internal teams involved to move actions forward, for example driving the execution of securitisation projects;

oBe able to analyse large data sets and the impact of adding/removing/substituting assets to existing securitisations or setting up new securitisations;

oUnderstand corporate loan data (credit risk, interest rate risk, concentration risk, historical performance) provided from other areas of the bank and identify and explain issues or opportunities with this data;

oBe able to take an active role in the regulatory analysis of the transactions and how to ensure compliance with changes in rules as they occur.

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.

Person Specification

The successful candidate should be:

oHighly numerate with strong attention to detail and the ability to perform tasks quickly and accurately

oPro-active mindset and highly driven to strive for continuous improvement

oCollaborative approach, with a record of developing constructive working relationships with a wide range of stakeholders

oA proven problem solver that is able to manage competing tasks and stakeholders in a time constrained environment

oA strong communicator, able to understand complex ideas and then communicate them clearly to a non-specialist audience across a range of corporate grades (analyst to MD) and Infrastructure teams

Essential Skills/Basic Qualifications:

oDegree or equivalent experience, ideally with some Finance or Economics element

oStrong analytical skills, particularly ability to distill relevant information from large data sets

oAbility to communicate complex transactions to a broad range of internal stakeholders, including senior management

oMinimum of five years’ securitisation experience, ideally gained working in an investment bank, investment fund or credit rating agency

oProficient to advanced user of MS Excel

oExcellent written and spoken English

Purpose and Values

Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it.

Our Purpose is helping people achieve their ambitions in the right way. Put simply this is the answer to the question ‘What is Barclays for?’ and it should guide our every action as employees.

Respect

We respect and value those we work with, and the contribution that they make.

Integrity

We act fairly, ethically and openly in all we do.

Service

We put our clients and customers at the centre of what we do.

Excellence

We use our energy, skills and resources to deliver the best, sustainable results.

Stewardship

We are passionate about leaving things better than we found them.

More about working at Barclays

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

Learn more

Purpose

We exist to provide responsible finance to people and business – but also a whole lot more.

Values

We believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.

Mindset

We discover our full potential through our desire to Empower, Challenge and Drive each other.