Documentation and Confirmation

Chennai, India

Apply for job

Date live: Oct. 11, 2022

Business Area: COO & Functions

Area of Expertise: Investment Banking

Reference Code: 90270996

Contract: Permanent/Regular

Where will you be located?

Take a look at the map to see what’s nearby. Train stations & bus stops, gyms, restaurants and more.

Explore location

Job Title : Documentation & Confirmation
Location : Chennai

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.
oAffirmation of Derivative trades with internal and external counterparties
oProduction of ISDA paper trade confirmations for all vanilla and some complex Derivative trades.
oIncoming 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?
o Individual contributor role.
o Responsible for the effective management and resolution of trade discrepancies, including:
o Professional communication with thorough and detailed explanation to clients via e-mail or phone to resolve all differences in a timely manner
• Affirmation of Derivative trades with internal and external counterparties
o Production of ISDA paper trade confirmations for all vanilla and some complex Interest Rate Derivative trades.
• Incoming validation and matching of paper and electronic trade confirmations, including DSMatch.
o Responsible for the effective management and resolution of trade discrepancies, including:
o Acting as the first point of contact for Premier clients. Use extensive knowledge of derivatives and the function as a whole to ensure exceptional client service is provided to the firm’s high value, or sensitive clients.
o Professional communication with thorough and detailed explanation to clients via e-mail or phone
o Fostering excellent working relationship with internal counterparts (i.e. Desk, Sales team, Trade Support, Settlements , Legal, Finance). Ability to negotiate effectively with all internal parties to ensure the team receives the necessary support to achieve its goals.
o Exercising strong judgement skills to make the necessary decisions to address client queries and ensuring all high-priority queries are escalated to the management immediately
• Uphold the controls and procedures for the team, and highlight any control gaps identified to management to ensure that these are reviewed and addressed as necessary.
• Prepare Local and Global MIS for distribution to management
• Proactively cross train on all functions performed within the team and across the department to gain an in-depth understanding of the derivative products and processes in order to drive synergies within Post Trade Services.
• Initiate process improvements within the team to drive efficiency and cost savings:
o Strong analytical skills required to perform complex analysis on the volumes and process flow to identify the root cause.
o Suggest innovative solutions to improve efficiency and provide the AVP with a detailed breakdown to quantify the time/ headcount savings from the initiative
Act as the key point of contact with stakeholders (i.e. Technology, Change Manager, Team AVP) in order to implement change

What we’re looking for :

Bachelor Degree
Proficient in English communication.

Skills that will help you in the role

Knowledge on Derivatives products

Where will you be working?
•Chennai

Be More at Barclays
At Barclays, each day is about being more – as a professional, and as a person. ‘Be More @ Barclays’ represents our core promise to all current and future employees. It’s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are.
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Our Values
Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.

Our Diversity
We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.

Our Benefits
Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility, then please discuss this with us.

More about working at Barclays

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 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 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.

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information 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.

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