Derivatives Documentation Specialist

1 week ago


London, Greater London, United Kingdom Barclays Full time

Derivatives Documentation Specialist

London
As a Barclays Derivatives Documentation Specialist, you'll work within Global Markets.

The Resource Management Group's (RMG) core objectives range from managing non-product risks to allocating capital and optimising the firm's collateral.

You'll play a key role in trading & collateral risk decisions.

Get this opportunity to ensure consistent decision making across derivative Master & Collateral documentation and around derivatives documentation changes with either an economic impact or potential litigation risks.


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 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?

  • Reviewing and approving/rejecting nonstandard documentation requests that are escalated by Legal for ISDA Masters, CSAs, GNAs, and similar
  • Taking decisions in the best interests of the markets business. Consulting with Trading desks, Operations teams, the Collateral Optimisation Unit (COU), etc
  • Supporting and advising trading desks on client derivative closeouts and the management of defaulted ISDA claims
  • Being responsible for keeping current with market standard practice in terms of derivatives trading and documentation, including regulation driven change
  • Engaging in adhoc project work to support broader Investment Bank strategic initiatives (e.g. client repapering or offboarding)
  • Engaging with regulatory enquiries and to demonstrate how the bank's collateral practices meet regulatory requirements, as necessary
  • Collaborating with both senior and junior members of Sales, Trading, Legal, Operations, and Counterparty Risk Trading, as well as RMG/COU management

What we're looking for:

  • Good working knowledge and understanding of document management/workflow systems
  • Derivatives product expertise
  • An ability to be decisive while escalating judiciously

Skills that will help you in the role:

  • Legal expertise in a documentation, litigation and/or business law context
  • Experience of collateral operations
  • Expertise in credit risk management and/or trading
  • Practical experience of financial distress, workout situations, etc

Where will you be working?

In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links.

With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within.

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