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Date live: Aug. 05, 2022

Business Area: Barclays International

Area of Expertise: Investment Banking

Reference Code: 90339524

Contract: Permanent

Prime Derivatives Services - Product Management
New York

As a Barclays Prime Derivatives Services (“PDS”) Product Manager you will join the Global PDS Product team.  You will focus on improving the treasury capabilities of the OTC and Futures Clearing business and be a subject matter expert for clients and internal stakeholders.  You will participate in the development of a robust, stable, and standardised business model that aligns with the wider PDS business objectives, including but not limited to: revenue enhancement, improvement of controls, and ensuring compliance with applicable regulation.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.

What will you be doing?

•    You will be the primary subject matter expert for the processing of cash and non-cash for the OTC and Futures clearing product.
•    Driving enhancements to platform to increase efficiency around the processing of cash and non-cash collateral
•    Partnering with Global PDS Treasury team in driving optimization initiatives to increase P&L
•    Interacting and liaising with external third-party market participants and platforms as part of product build-out
•    Understanding the requirements of all stakeholders and be able to challenge constructively as well as drive delivery
•    Ensuring that all product development activities are carried out in full compliance with regulatory requirements, operational risk framework and internal policies and standards 
•    Working with Clients, PDS Sales, Clearing Management and Product teams in the US to identify and realize development opportunities
•    Monitor changes in industry and regulatory practices, taking the initiative to ensure implications are recognized for action within the PDS clearing business

What we’re looking for:

•    College / University degree and 2+ years of relevant experience in the financial services industry
•    Knowledge of cash and non-cash settlement systems and flows, an understanding of Clearing and the regulatory environment 
•    Ability in interlock dependencies across PDS and infrastructure for implementation of initiatives
•    A resourceful, self-starter who is able to escalate appropriately when required, with strong strong interpersonal skills, ability to communicate at all levels and areas 

Skills that will help you in the role:

•    Knowledge of the wider Prime Services business
•    Strong analytical and data manipulation skills
•    Ability to develop effective solutions to support new business initiatives, market and regulatory changes
•    A team player with a high level of motivation, commitment and enthusiasm to work in a multi-asset class team

Where will you be working?

You will be working at our Americas Headquarters at 745 Seventh Avenue. This 37-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness center and state-of-the-art LED signage on the facade of the building.

More about working at Barclays

The Barclays Way

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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.