Margin & Collateral Optimisation Team Lead

Margin and Collateral Optimisation Team Lead

New York

This role is regulated by FINRA.

As a Barclays Margin and Collateral Optimisation Team Lead, you'll be the subject matter expert for the Margin for Non-Centrally Cleared Derivatives Regulation for the Americas Markets Businesses, focused on initial margin regulation, thought leadership & optimisations. This is an opportunity to manage the Collateral Optimisation Unit NY team as a center of excellence for margin & capital optimization initiatives internally and externally and work in partnership with all infrastructure partners to ensure thorough risk & control oversight.

Salary / Rate Minimum: $155,000

Salary / Rate Maximum: $250,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.

Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.

At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor', days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

What will you be doing?

• Acting as a team leader for Collateral Optimisation Unit (COU) NY reporting into a Director in London

• Exploring optimization structures for Cleared and Non-Centrally Cleared Derivative margin by working with trading, structuring sales & clients

• Providing thought leadership on Margin for non-centrally cleared derivatives regulation for Americas Markets Businesses & clients

• Building out Sales and Trading MIS across Markets businesses as well as the analytics to facilitate informed pricing & risk decisions

• Supporting infrastructure partners on client outreach and thought leadership on regulatory developments

• Supporting regulatory model governance aspects including ongoing model back testing & oversight of the margin disputes

What we're looking for:

• Experience working in trading, sales or structuring client facing team, with understanding and experience in Margin for Non-Centrally Cleared Derivatives as well as ISDA SIMM

• Numerate and highly analytical with an understanding of financial derivatives products

• Effective team player, able to build collaborative relationships in Global team

• Good communication skills, high attention to detail, and the ability to work effectively under pressure

Skills that will help you in the role:

• Experience in model methodologies & governance as well as understanding or experience on Market Risk Models such as VaR, Full revaluation approach

• Understanding of risk, margin and collateral management practices with experience of producing business requirements specifications and performing complex analytics

• Understanding of trade lifecycle & front-to-back flows as well as technical understanding of financial resources

• Series 7 & 63, with experience in scripting (SQL/ Python) and in pricing OTC derivatives

Where will you be working?

You will be working at our Americas Headquarters at 745 Seventh Avenue. This 32-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness center and state-of-the-art LED signage on the facade of the building.

#LI-Hybrid

#LI-MB2021

USD 155000 to 250000