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Collateral Optimisation Unit - Trader

London, United Kingdom
Closing date
Jan 21, 2022

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
This role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

As a Barclays Collateral Optimisation Unit (COU) Trader you will be responsible for optimising and allocating derivative margin and collateral. The team is located in London, New York, Dublin and Mumbai and works closely with trading, sales, structuring and infrastructure areas in all regions to ensure the optimisation of our financial resources, focused on collateral and initial margin.
Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We offer careers that provide endless opportunity - helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.

What will you be doing?
• Supporting the team by executing and booking collateral transactions to source cheapest to deliver collateral
• Enhancing cheapest to deliver methodology on strategic IT platforms, including capital awareness
• Assisting on wider team projects including Bank levy inefficiencies, collateralisation of internal large exposures intra-group
• Building out of Sales and Trading Management Information to assist on initial margin optimisation opportunities
• Producing monthly optimisation forum materials and process enhancements to assist client reverse enquiries, analytics and optimisation
• Assisting with client outreach and client education/ analytics for uncleared swap margin phase
• Assisting with agreement and execution of collateral schedules with clients

What we're looking for:
• Understanding of financial derivatives products and technical understanding of financial resources
• Interest in current and emerging developments in the area of capital, liquidity, and funding
• Uncleared swap margin regulation knowledge and proven ISDA SIMM experience
• Relevant regulatory knowledge such as Basel III Capital and Liquidity regulations

Skills that will help you in the role:
• Experience gained within a Tier 1 Investment Bank advantageous
• Financial markets qualifications such as CFA, CISI or similar
• Previous experience of scripting (SQL/ Python)

Where will you be working?
5 North Colonnade is home to our investment bank and is in the heart of Canary Wharf, just a short walk from our headquarters at Churchill Place. It boasts an array of onsite amenities such as dry cleaner as well as a deli and buffet style staff restaurant. The building is easily accessible by tube, docklands light railway and all major bus links. The atmosphere is second to none with a real buzz being created around the offices within.

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