Transaction Management - Luxembourg

Luxembourg, Luxembourg

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Date live: Oct. 11, 2022

Business Area: COO & Functions

Area of Expertise: Treasury

Reference Code: 90267475

Contract: Permanent/Regular

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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 BI Luxembourg Treasury
Barclays has 19 Treasury employees based in Luxembourg.Treasury activity carried on in Luxembourg can be classified into two broad areas, Collateral Management and Intra-group Funding.

The Collateral Management area is responsible for structuring, executing and managing BI’s retained balance sheet securitisations.It also manages the senior Barclays securitisation assets of these platforms held in Luxembourg and which are used in secured funding / collateral upgrade transactions with third parties (including BBPLC).

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

Barclays Luxembourg Transaction Management manages the ongoing requirements of transactions executed by the Treasury Barclays Luxembourg and Global Strategic Transactions Groups (STG) - based in the US and UK - within the GFD.

This role will support the Head of BI Luxembourg Treasury Transaction Management in leading the team to ensure that existing and new transactions are implemented and managed throughout their lifespan as expected.In particular this role will involve representing BI Luxembourg Treasury and STG in various transaction and governance forums across Barclays.Specific responsibilities include:

Oversight and reporting on the existing portfolio of transactions and their associated life cycle events
Senior level support of the Product Development, Collateral Management and Execution teams in the development of new, or restructuring/unwinding of existing, transactions.For example, managing NAPA process for a new transaction/product if required
Represent the businesses at governance forums.Engage with stakeholders in advance, during and after the approvals process to ensure an accurate understanding of transactions, the impact they will have on Barclays and that questions or concerns raised are appropriately addressed prior to execution
Ownership of senior business manager engagement and oversight of the process to provide regular management information and provide business data for firm wide planning exercises (e.g. BI monthly Outlook, High Level Shape and Medium Term Plan)
Develop and execute the development agenda across all aspects of the Transaction Management team, driving projects to improve accuracy, efficiency and the strength of the overall control environment
Provide oversight of the 100+ legal entities operated, ensuring adherence to Barclays policies and standards

Key Accountabilities

Daily business management:Support the Head of Transaction Management to ensure that all business activities are completed accurately and in accordance with the terms of approval, applicable laws, regulations, Barclays policies and standards
Transaction development and implementation:Working with the broader team to develop and implement transactions is a controlled and sustainable way.Drive aspects of the approvals process across the bank including engagement with infrastructure stakeholders
Business MI and Forecasting:Ownership ofthe business planning management information processes, including the monthly BI Outlook, annual High Level Shape, Medium Term Plan and costs
Innovation and change management:Work with the Head of Transaction Management to develop and then implement business changes required to enhance control and adapt activcities to the changing business environment – including regulatory and business process change through the utilisation of technology
Barclays entity corporate governance:Oversight of all the legal entities managed by the businesses to ensure that the Transaction Management team operate them in compliance with company law, regulations and Barclays policies and standards
Records Management Champion:Own the oversight, development and implementation of records management requirements and controls for the BI Treasury Luxembourg business

Stakeholder Management and Leadership

Significant interaction with senior business and Infrastructure management at both Director and Managing Director level across GFD areas (including BI Treasury, BP&A, Barclays Corporate Secretatiat and Group Tax).
Provide subject matter expertise on the impact of the portfolio across a number of key metrics (P&L, RWA, Balance Sheet, Liquidity & Capital) and how that is expected to change over time
Be a principal representative of the business in cross business/function initiatives, presenting the agreed business position and helping the initiative realise its objectives
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
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

Decision-making and Problem Solving

Analyse transaction flows across multiple legal entities, in several currencies and product types to the extent that the impact on key consolidated & solus metrics is understoodWork with the Transaction Management and other business teams, as well as Infrastructure partners, to find a best fit booking models for structured transactions taking into account conflicting priorities.
Work with the team to understand financial data (typically Balance Sheet, RWA, Income, Capital or Funding) provided from other areas of the bank and identify issues or inaccuracies within it and ensure explanations to the affected area are appropriate
Work with the transaction teams to ensure the transaction regulatory analysis is sufficiently understood and supported.Drive regulatory change projects to ensure compliance with changes in rules as they occur
Working within the broader team to identify and resolve challenges for stakeholders outside of Treasury through collaboration

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:

oFamiliar with structure finance transactions/documentation and operating in a high performing business environment

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

oTeam oriented with the ability to build consensus, drive and contribute to the attainment of team goals

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

oExperienced in managing the internal, financial reporting of banking businesses and/or legal entities

Essential Skills/Basic Qualifications:

Degree or equivalent experience, ideally with some Finance or Accounting element
Ability to mediate between parties and build consensus across a range of business matters
Strong analytical skills, particularly of financial data such as Balance Sheet, P&L, Capital and Funding
Ability to communicate complex ideas to a broad range of internal stakeholders, including senior management in both verbal and written format

Desirable skills/Preferred Qualifications:

Accounting qualifications preferred but not required

Role Profile Attestation

The content of this role profile is relevant for the role in question.

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

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.

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