US Product Lead for Exchange Traded Futures and Cleared Derivatives

New York, United States

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Date live: Oct. 11, 2022

Business Area: Barclays International

Area of Expertise: Investment Banking

Reference Code: 90280967

Contract: Permanent/Regular

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US Product Lead for Exchange Traded Futures and Cleared Derivatives

New York, 745 Ave

The US Product Lead for Exchange Traded Futures and Cleared Derivatives will work as part of the Global PDS Product team. This individual will be responsible for the Product Development for our cross product PDS Futures, OTC Clearing and FX Prime Brokerage business. He/she will be the subject matter expert for clients and internal stakeholders, and look to continue 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, optimisation of resources, improvement of controls, and ensuring compliance with applicable regulation. The individual will have experience with broader Prime Services activity in order to provide wider business support and ensure PDS Product is closely aligned with the rest of the business and needs of our Markets clients.

Prime Derivatives Services (PDS) is a leading provider of agency execution and post-trade clearing services. By fully merging our Futures and Options Execution, Futures and Options Clearing, OTC Derivatives Clearing and Foreign Exchange Prime Brokerage, we offer a cutting edge service to a diverse range of clients.

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 a subject matter expert for the cross product PDS Business from front to back (trade capture, booking, settlement, lifecycle events etc.)
You will be a visible leader of the PDS US Product team with Clients, Sales, Risk, Clearing Management and Product teams to identify and realize PDS business development opportunities
Working with the Global Head of PDS Product to ensure that the key asks for the US PDS business is covered in the Global PDS Product Plan and that those items are delivered
Developing relationships with Barclays Sales teams across Markets to collect product development requirements and advertise our offering
Interacting and liaising with external third-party market participants and platforms as part of product build-out (e.g. ECNs, infrastructure providers such as Fidessa, FIS and Traiana, industry groups, FIA etc.)
Ensuring that all product development activities are carried out in full compliance with regulatory requirements, Barclays operational risk framework and internal Barclays policies and standards
Monitoring changes in industry and regulatory practices, taking the initiative to ensure implications are recognized for action within PDS
Defining standard and non-standard business offerings for the PDS US clients

What we’re looking for:

College / University degree
8+ years of relevant experience in the financial services industry
Strong knowledge of Agency Execution and Clearing businesses
A resourceful, self-starter who is able to escalate appropriately when required
Someone with strong interpersonal skills, ability to communicate at all levels and across multiple areas within the firm
A team player with a high level of motivation, commitment and enthusiasm to work in a multi-asset class team
Someone with the ability to develop effective solutions to support new business initiatives, market and regulatory changes
An understanding of the regulatory environment impacting FCM’s
Manage stakeholders on risk decisions.

Skills that will help you in the role:

Hands on experience developing, trading or selling of FX, Rates, Credit and Equities (Futures and OTC)
Detailed understanding of execution algorithms and related services like TCA
Experience managing a 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

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.

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