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Assistant VP - Global Markets

Mumbai, India

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Date live: 09/25/2024

Business Area: Global Markets

Area of Expertise: Markets

Contract: Permanent

Reference Code: JR-0000014935

Barclays Markets

A role in Markets involves trading financial instruments, such as bonds, stocks, and derivatives. You'll also arrange capital raisings, manage debt and equity issuances, and structure, execute, and syndicate transactions for clients.

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Overall purpose of role

The Mumbai team supports the CMBS Underwriting and Origination team through financial modelling and deal review of the loan requests that they receive. The team prepares Loan Review Forms, Preliminary Underwriting/ Cash Flow Models, and Asset Summary Reports that help in determining whether Barclays should proceed with each transaction; and the loan amount, loan structure and spreads to be charged. The team is also responsible for creating and maintaining a database of static information for all the Conduit and SASB Deals issued since 2015 which allows easy comparisons for current deals and better due diligence.

The candidate would be based out of Mumbai and help the team to size the number of deals that the team currently works on with the CMBS underwriters and Originators in New York and Los Angeles.

Key Accountabilities

  • Review Offering Memos prepared by brokers and/or Borrowers to gain an understanding of the real estate and the requested financing
  • Evaluate and compile property level income statements, rent roll, reimbursements, occupancy statics, sales and occupancy cost information and other information into excel-based models
  • Compile market research to determine and verify a project’s economics and assumptions in the model. Market research will include third party sources (such as CoStar, Reis, Smith Travel Research and others) as well as public information available on the internet
  • Review tenant leases and related documentation and prepare an abstract of key terms.
  • Evaluate historical and projected capital expenditure budgets
  • Prepare asset summary reports which cover short descriptions of property and market characteristics, and strengths and weaknesses of the transaction
  • Underwriting & Due Diligence of the Acquisition facilities
  • Quarterly performance analysis of Balance Sheet loans which include analysing the financial statements, rent rolls, occupancy statistics, covenants tracking, and transaction updates for the loans
  • Manage CMBS data and aid in aggregating, sourcing, and populating centralized databases

Stakeholder Management and Leadership

  • The candidate would directly interact with the CMBS Origination teams. They would have to interact with the team members on a regular basis to make sure that the various models, reports and projects that they are developing are as per requirements

Decision-making and Problem Solving

  • The candidate will have to be proactive in identifying issues and getting them resolved by coordinating with various stakeholders
  • The candidate needs to work on several time sensitive activities and hence is required to be meticulous and efficient
  • The candidate should have great eye for detail and should ensure that he/she meets the zero-error tolerance requirement as most output forms a critical input for business decision making

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

Personal attributes essential to performing role including competencies, expertise, knowledge, and experience. 

Essential Skills/Basic Qualifications:

  • Postgraduate Degree (or equivalent)
  • With prior experience in Real Estate finance or securitized products like CMBS, RMBS, etc
  • Excellent knowledge of Real Estate metrics and financial statements
  • Experience working in CMBS issuances and managing data
  • Excellent in Analytical skills and will be responsible for analyzing the results of the tests that they have developed
  • Experience in preparing Narratives or Asset Summary reports of the transaction
  • Proficiency in MS Excel, Word and PowerPoint

Desirable skills/Preferred Qualifications:

  • Experience in Due Diligence process
  • Experience of working on Argus Software
  • Familiar with Bloomberg or Trepp
  • Familiar with various market reports like CoStar & REIS

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.

To find out more about Barclays' strategy please click here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Gain access to wellness rooms, gyms and mental health support.

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Modern spaces designed for teamwork and brainstorming.

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Health and wellness

Gain access to wellness rooms, gyms and mental health support.

A place where you can belong

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Collaborative Areas

Modern spaces designed for teamwork and brainstorming.

More than work

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

Be you. Be valued. Belong.

We celebrate the unique perspectives and experiences each individual brings, believing our differences make us stronger and drive success. Our colleague networks offer connection, support, and growth, while our "This is Me" series shares the unique stories of our colleagues. Committed to diversity, equity, and inclusion, Barclays values you for who you are and ensures you truly belong.

You can learn more about our commitment to our colleague on our DE&I page.  

Learn more

Application Process

Your application

We’ll ask for information about you, your CV and cover letter.

1

Your assessment

Covering your behaviours and ability at work.

2

Your interview

Exploring your past experiences and skills.

3

Next step

We’ll request additional information so that you can complete our screening process

4
Barclays

Working flexibly

We’re committed to providing an inclusive culture and environment, that 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.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

Hybrid working: Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

Barclays is built on an international scale.

Our geographic reach, our wide variety of functions, businesses, roles and locations reflect the rich diversity of our worldwide customer base. All of which means we offer incredible variety, depth and breadth of experience.
And the chance to learn from a globally diverse mix of colleagues, including some of the very best minds in banking, finance, technology and business. Throughout, we’ll encourage you to embrace mobility, exploring every part of our operations as you build your career.

Find more information

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