Barclays - EFG EMEA Prime Equity Synthetics TC

Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns.

Our two clearly defined divisions, Barclays UK and Barclays International, provide diversification by business line, geography and customer, enhancing financial resilience and helping to contribute to the delivery of consistent returns through the business cycle. We have a strong core business with exciting prospects, well positioned to deliver long-term value for our shareholders.

Consistent with the objective of delivering long-term sustainable value for all our stakeholders, we have developed our Shared Growth Ambition – our approach to citizenship and the sustainability of the business model we operate. The aim is to make decisions and do business that provides our clients and customers, and the communities which we serve, with access to a prosperous future.

The delivery of our strategy is underpinned by the energy, commitment and passion of our people, and we are clear on our common purpose: to help people achieve their ambitions, in the right way.

About Equity Finance Group (EFG)

The equity finance group provides a tailored suite of investment products to meet highly competitive and demanding client demands. These typically include institutional investors such as hedge funds and asset managers

About Equity Synthetics Trade Capture

Synthetic is the term given to financial instruments that are created artificially by simulating other instruments with different cash flow patterns. Products used for synthetic trading can be assets or derivatives, but synthetic products themselves are inherently derivatives. In our world the synthetic will be defined as a derivative that infers its value from the underling equity share. A client may wish to gain exposure to the stocks volatility (beta) without physically owning the shares, therefore receiving cash flows which reflect the performance of the equity.

Trade capture are closely aligned to the desk and are responsible for booking the vast majority of our client facing positions and real world hedging activity. We manage approximately 20,000 executions daily, with accuracy, timeliness and diligence being a key component of our job. Synthetics trade capture is a client facing and risk impacting role.

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.

We are an equal opportunity employer and we are opposed to discrimination on any grounds.

Overall purpose of role

Synthetics Trade Capture is responsible for;

  • The booking of all give-up stock hedge executions across all synthetic products

  • Respond to business aligned queries internally/externally

  • Daily interaction with clients, trading, operations and risk management teams

  • Trade date client trade allocations

  • Client positional, PnL & trade break queries

  • Manual trade bookings including – Market Hedges, Rebalances, Crosses, Conversions, FX, ETFs, Bonds

  • CFD, PSwap and Single Stock give-up trade bookings

  • Ensure corporate actions & dividends reflected correctly on client accounts (lifecycle management)

  • Investigating daily FX, MTM and delta exposures

  • Reconciliation of book transfers, cash and hedge side

  • Managing portfolio swap reset processes

Key Accountabilities

  • Accurately booking client and firm positions

  • Meeting stringent compliance guidelines

  • Managing client conversations on a daily basis

Stakeholder Management and Leadership

  • Trading

  • Sales

  • Operations

  • Hedge Fund / Asset Managers (clients)

  • Execution brokers

  • Settlements

  • Product

Decision-making and Problem Solving

  • Drive change

  • Challenge booking process to meet compliant, client and regulatory demands

  • Ability to work under pressure

  • Accuracy and attention to detail

Risk and Control Objective

  • Influencing and relationship-building skills

  • Team player with a high level of drive, commitment and enthusiasm

  • Motivated, dedicated self starter

Person Specification

  • Good Communicator - clarity, brevity and precision

  • Equity CFD, Single Stock Swap or portfolio swap experience preferable

  • Equity trade flow product knowledge

  • Effective at working in teams

  • Demonstrate ownership and prioritise work under pressure