CMS Analyst

  • Competitive
  • Singapore
  • Permanent, Full time
  • Barclays
  • 19 Aug 17

CMS Analyst

About Barclays Barclays moves, lends, invests and protects money for customers and clients worldwide . Please visit our website here for more information.

IB Operations

Global Markets Operations is the engine responsible for ensuring the execution and servicing of all products and services. Our core objective is to deliver service excellence by executing our processes in the safest and most efficient way, leveraging automation and 'Lean' approaches to achieve this. Some of the core processes that we deliver include Post Trade Services, FX Operations, Collateral & Liquidity operations.

The environment in which we operate is continually changing. Global Markets Operations plays a key role in driving market initiatives and regulatory changes and, by ensuring we are ahead of competitors on these initiatives, continually helps to drive down costs and increase revenue.

Around 3,000 colleagues work in Global Markets Operations globally, and our ambition is to make our organisation a truly excellent place to work, with the best possible opportunities for colleagues to succeed and develop their careers.

About IB Middle Office

The Investment Bank Middle Office (IBMO) is a cross functional and cross business organisation that operates as a control function over the Sales and Trading and Trade Capture (TCU) divisions while providing a service and additional controls to the IB Infrastructure teams (Product Control, Financial Control in Finance, Credit and market Risk, Compliance and Operations).

Middle Office performs the "Business as Usual" checks and controls and works alongside aforementioned partners to ensure Front to Back Integrity and ensures that clean data moves downstream.

Overall purpose of role:

o AVP for Collateral & Margin Services, based in Singapore, supporting APAC regional business.
o Performs risk mitigation via the management of Barclays' collateralised trading relationships and the distribution of accurate and timely trade valuations to clients.
o An experienced collateral manager who is able to collaborate effectively with regional and global collateral teams and internal/external stakeholders to deliver the Collateral strategy and initiatives, including but not limited to, client education on industry and technological changes, driving standardisation of processes, supporting regulatory change and business growth and driving continuous improvement through initiatives such as Lean and Agile.
o Ensures processing is of the highest standard, whilst meeting agreed SLAs, and being mindful of risk, efficiency, budget and personal conduct.

Key Accountabilities and Skills required:

o Stakeholder management and leadership.
Ø Team leader committed to developing a culture of transparency, integrity and collaboration where all team members are motivated and inspired to deliver the required outcome, taking into account risk and process optimisation factors.
Ø Ability to handle internal and external escalations.
Ø Strong interpersonal and communication skills to influence the cross-functional groups/forums, the global matrix and external stakeholders. Primary point of contact for Business, global team leads, Finance, Compliance, Legal, Risk and Technology in the APAC and global region.
Ø Ability to create and support growth of a talented high performing small team.
Ø Builds trust through credible use of facts and data and posses ability to creatively resolve problems and issues at pace.

o Risk and Control: All Barclays colleagues have to 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
Ø Review new products/services and new business, identifying risks and feasibility from an operations perspective. Establish new support models/SLAs with stakeholders.
Ø Ability to understand and implement regulatory requirements e.g. EMIR Risk Mitigation, Uncleared Swap Margin rules.
Ø Ability to implement Risk Self Assessment and ensure compliance with all Regulations
Ø Detail-orientated in order to avoid, eliminate and mitigate risk.
Ø Demonstrate thorough understanding of the operational front to back procedures.

o Decision making and problem solving
Ø Participate in global discussions and prioritisation of technology enhancements, providing sound justifications and benefits.
Ø Aptitude to operate at varying levels of detail (strategic to close attention) and able to prioritise key activities for both yourself and your team to ensure delivery.

o Key specific accountabilities.
Ø Timely issuance of margin calls and valuations.
Ø Perform feed and data reasonability checks, and investigate discrepancies with relevant stakeholders.
Ø Perform rehypothecation of JGB, noting coupon dates and settlement timings.
Ø Onboard/offboard new agreements in the collateral management systems.
Ø Review daily MIS, fails/breaks, control checks and credit reports.
Ø Perform portfolio reconciliation, review data and results, and investigate discrepancies with relevant stakeholders.
Ø Review functional specifications/BRD/user stories; identify area that impact local and global processes. Work with Projects team to define requirements. Participate in UAT, identify defects and work with IT to achieve resolution.
Ø Participate in industry initiatives and be proactive in identifying and implementing innovative operational solutions for complex business requirements.

Technical Skills and Qualifications will include
o Bachelors Degree or equivalent
o 3 to 5 years of collateral management experience
o Key technical expertise in the OTC bilateral space and sound knowledge of operational front to back process that supports an IB Business.
o Familiar with the global and regional regulatory environment.
o Strong understanding and heavy emphasis on properly controlled risk and operating environment
o High level understanding of the trade lifecycle and the functions listed in the below table.

Trade Management
Post-trade aggregation, Trade capture into back-office platforms, Trade enrichment, Amendments and modifications, Bilateral/Multilateral netting, Trade validation, Trade event management, Novation/Assignment, Close-out/Tear-up, Additional transaction servicing
Affirmation and allocation, Generation/sending of confirmations, Confirmation matching, Document management, Exception handling
Generation/sending of clearing instructions, Clearing fees
Collateral & Portfolio Management
Manage collateral agreements, Matching and allocation, Administration, Reporting, Position management, Valuation
Client Valuations
Processing client valuation statements, Client servicing
Settlement and Delivery
Generation/sending of settlement instructions, Settlement processing, Settlement fail processing and exception management
Regulatory Reporting
Transaction reporting, Position reporting, Client asset reporting
Asset Servicing
Corporate actions, Coupon/dividend processing, Tax services, Proxy Voting, Custodian fees
Front-to-back (internal) reconciliations, 3rd party reconciliations, Nostro reconciliations
Referential and Static Data
Product master (static), Client/Counterparty, External reference data, Operational data, Corporate action database
Operations Management
Operations management, Change management, Performance reporting, Risk & Controls management, Network management and billing

o High level understanding of 2-3 product families listed in the table below.
o Detailed knowledge of 1 product family.

Product Family
Cash Equities
Single Stock, ETF's, Baskets, Medium term notes
Stock Lending
Stock lending and borrowing
Fixed Income
Government bond/bonds
Corp. Bonds/High yield, convertibles, MBS, ABS
Repos, Bond lending & borrowing
Listed Futures & Options

Listed FX, Rates, Credit, Equities futures &options (incl. listed warrants)
Foreign Exchange
Money Markets

Loans & deposits, term deposits, certificates of deposit, commercial papers, treasury bills, bankers acceptances, eurodollar deposits
FX Cash

Spot, Forward, FX swaps, NDFs
FX Options

Vanilla, Exotic
OTC Derivatives
Vanilla swaps, caps/floors, cross-currency swaps, debt options, FRAs, OIS, swaptions, IRDs
Baskets, callable, CMS, exotic options and currency swaps, path dependent derivatives, ratchets, snowballs, TARN

CDS (single-name, baskets, index, index-tranche)
Exotic CDS, credit options, CDOs/CDO2s, swaptions, synthetic CDOs, CLOs/CLNs, all other securitized credit
CFDs, vanilla options, variance/equity swaps (single stock, dividend, OTC warrants, index/basket, spread), index deposits
Accumulators, exotic options, packaged dispersions, correlation, (non-) alternative investment underlying (certificates/notes, OTC, funds)
Vanilla options, energy, metals, agricultural swaps
Index swaps

Agriculture, Energy, Metals

The Benefits: Our customers deserve the best. The same goes for our employees. That's why at Barclays you'll receive a range of benefits that include a competitive salary and all the tools, technology and support you need to succeed.

Our Culture: Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it.
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.
Barclays is an equal opportunity employer and are opposed to discrimination on any grounds. For more detailed information, please visit our dedicated Diversity and Inclusion site here .