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- No Education
- Salary to negotiate
Head of DFX Confirmations - 90225071
Primary Location:IN-Tamil Nadu-Chennai
Posting Range:16 Apr 2019 - 1 May 2019
Job Title: Director – Global Head of Offshore DFX Confirmations
Corporate Grade: B7 - Director
Reports to (Line Manager’s Job Title): Head of India IBWIM Offshore Operations
Direct Reports (if applicable): 2 VPs in DFX team (Mumbai & Chennai)
Business Area: IB Operations
Department/Function Level 1: Post Trade Services - DFX
Department/Function Level 2: DFX Confirmations
Primary Location: Chennai
About IB Ops – Post Trade Services DFX Team
Global Derivative Operations is responsible for ensuring all asset classes of OTC Derivatives, namely Interest Rate, Credit, Equity, Government Bond and Foreign Exchange are controlled and settled in an efficient and cost effective manner. Departmental functions include payment and funding procedures, rate resetting, nostro and brokerage reconciliation and strategic product support.
The department is proactive in implementing state of the art systems and procedures to support our OTC Derivative asset classes in Europe, North America and Asia Pacific, participating in leading edge industry initiatives. Our goal is to lead our peer group in implementing straight through processing for the OTC Derivative business while maintaining a low cost centre of excellence to support our global client base.
About IB Ops- Post Trade Services – DFX Confirmations Role
The Derivatives DFX Confirmations Director role is a Global role responsible for managing all Derivative Confirmation functions across the various teams globally and most of these teams sit in India. The primary focus of the team will be to ensure the firm is fully compliant with the Confirmation Timeliness and meeting the regulatory rules.
We are an equal opportunity employer and we are opposed to discrimination on any grounds
Overall purpose of role
Leadership role in managing the DFX confirmations process which includes the migration of functions from multiple donor locations to the BSS sites in India Including:
Oversight of recruitment, training and ongoing development of staff.
Development and implementation of department wide policies and procedures, and responsibility for directing day-to-day operations
Management oversight of all KRI’s and KPI’s
Ensure all applicable governance, compliance, risk policies and procedures are adhered to and a mechanism exists to promote escalation by staff where appropriate.
Continual review of existing processes to ensure exceptional performance, efficiency and risk management. Carry out complex analysis to identify innovative ways to improve straight-through processing, client experience, performance against regulatory targets and the firm’s standing against its peers.
Active member of the PTS management team. Full participation in discussions regarding the strategic direction of the group as a whole. Leadership and involvement in firm wide people initiatives.
Teams’ Main Duties
Electronic trade confirmation
Paper trade confirmation generation and execution
Investigate and resolve all differences in a timely manner with clients.
Liaise with the Desk, Sales team, Middle Office, Trade Support, Settlements and other departments to resolve client queries.
Manage and effectively resolve all incoming queries from clients within a pre-agreed time-frame.
Contribute to the specification and testing of improvements for all systems and processes.
Uphold the controls and procedures for the team, review and update as necessary.
Prepare Local and Global MIS
Cross train on all functions performed within the team and across the department.
The Derivatives PTS Confirmations Director role is a Global role responsible for managing all Derivative Confirmation functions. The role requires teams being set up in Mumbai and Chennai land successfully in meeting the KPIs/ KRIs and is fully cross-trained across both the sites in terms of meeting the business continuity requirements. The primary focus of this lead team is also to ensure the firm is fully compliant with the Confirmation Timeliness and meeting the regulatory rules.
Stakeholder Management and Leadership
Strong engagement with the business and teams facing the front
About the company
Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide.
We have over 325 years of history and expertise in banking. From our beginnings in Lombard Street, London through to the launch of the world’s first ATM and innovative mobile phone payments services, find out more about our achievements to date.
Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.