Avp (Ba5)

Job Title: AVP (BA5)
Location: Chennai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

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.

Working Flexibly
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment 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. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.

BUK & BX - All locations

Please discuss the detail of the working pattern options for the role with the hiring manager.

Introduction:
Managing Pre and Post settlement for OTC Derivative trades
- Develop and manage operational relationships with our clients through pro-active reconciliation of pre-settlement and post-settlement of payments/receipts with each client. Provide management support and oversight for process and act as escalation point for day to day operations

What will you be doing?
- Responsible for recruitment of staff and ensuring that all new joiners undergo standard training on derivatives products and processes
- Setting staff objectives for ongoing staff development and conducting appraisals
- Responsible for directing the day-to-day operations for the team, including:

- Allocation and oversight of daily tasks.
- Production of team MIS with detailed commentary for management reporting
- Management oversight of all KRI’s and KPI’s and addressing all high-risk metrics promptly
- Extensive knowledge of derivative products and the front-to-back processes within Post Trade Services, and ensuring that the knowledge is shared across the team
- Ensuring all applicable governance, compliance, risk policies and procedures are adhered to
- Oversight of UAT to ensure that quality testing is completed and all issues for the team are resolved
- First level management escalation point for all high priority issues
- Key representative from the department to engage in strategic initiatives discussions with colleagues globally and communicate the expected requirements and impact for the team
- Work collaboratively with colleagues across various functions/asset classes
- Decision making and problem solving in a timely manner to avoid any major issues
- Manage and address queries raised by the client and other stakeholders
- Responsible for identifying, analyzing issues and resolving issues, prevent any re-Occurrence and reducing loss to the business
- Provide support in terms of process management to team members
- Measure performance of the team for e.g. performance appraisals, providing feeding, trainings
- Update senior leaders with the performance of the team and daily updates related to process and people
- Handling daily checks for the team and ensure the open actions are closed in timely manner
- Positively support and contribute to team building and team dynamics through personally displaying team quality
- Create Risk awareness within team and to collaborate with CCO partner for regular sessions
- Perform controls and checks to ensure data accuracy
- Automate manual BAU processes to improve productivity where possible
- To be on top of daily FX settlements and Nostro Break management
- Creating sufficient backups within team and across CHE/PUNE location to avoid hassle on BCM situations
- Possess strong process knowledge and pick up daily BAU tasks at the time of staffing/critical situations
- Ensure timely and efficient business delivery and Ensure adherence to SLAs
- Ensure to work diligently on Projects. Engage proactively with Project Team, Desk and other stakeholders till the completion
- Ensure to meet the governance with regards to RCSA, SOP updation and various Operational risks related activities

What we’re looking for:

- Degree educated
- Confident in dealing with both internal as well as external stakeholders
- Self-starter / Ambitious
- Willing to take on responsibilities

Skills that will help you in the role:

- Strong understanding of operational risk
- Strong problem solving abilities and analytical skills
- Result oriented

Where wi