Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
We are an equal opportunity employer and we are opposed to discrimination on any grounds.
We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a career, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.
About Structured Credit Trading Team
The Structured Credit trading team at Barclays focuses on trading bespoke structured products and structuring specific solutions for clients in the form of providing financing or creating customized products. Using underlying credit instruments including Corporate, Financial & Sovereign bonds, single name CDS and Loans, the team aims to create products that provide leverage or cater to the specific needs of a client. Within Structured Credit Trading, the business is split as liability (or financing) side business and asset side business. The Liability side business focuses on providing bespoke financing solutions to credit funds, FIs and banks against wide variety of credit assets - both on a recourse and non-recourse basis. The traded products are in the form of Repos, Loans and TRS. The Asset side business specializes in providing credit linked investment products to investors for yield enhancement. Typical traded products include vanilla and structured CLNs, repacks of liquid and illiquid securities and leveraged note instruments.
About Structured Credit Trading Team - Mumbai
Structured Credit team in Mumbai works with trading & analyst teams across the globe and supports the traders and senior management by owning end to end Risk Management including managing the funding risk, capital management, exposure management, overseeing margin call process, pipeline and in-depth risk & PnL analysis. The team also produces business critical MIS reports, builds and maintains tools to help find trading opportunities and recommend trade ideas, analyze companies, track news and produce other customized analytics.
Overall purpose of role
This would be a two-month internship to support a team of traders in building and maintaining tools to help find trading opportunities, track market data, perform ad hoc customized analysis in producing business critical reports.
- Help build and optimise everyday analytical tools and models used by desk traders
- Build and maintain trade and booking database
- Understand and assist desk to build tools for usual trading activities such as margin calls, interest payments, capital management, risk reporting, pricing
- Develop an in-depth understanding of all risk types in the business
- Oversee risk and trading management of Live trades
Stakeholder Management and Leadership
The candidate would have to interact with counterparts globally. The candidate would have to work with the regional teams to understand the requirements, work with them to develop the new products and work on enhancements.
Decision-making and Problem Solving
- The candidate needs to work on several time sensitive activities and hence is required to be meticulous and efficient
Risk and Control Objective
Take ownership for managing risk and strengthening controls in relation to the work you do. Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.
Personal attributes essential to performing role including competencies, expertise, knowledge, and experience. Note: experience requirements must not be in the form of years (minimum or otherwise).
Essential Skills/Basic Qualifications:
- Strong quantitative background
- Excellent communication skills (oral/written)
- Strong analytical skills
- Aptitude for self-learning and collaborative mindset
- Proactive in nature. Should be keen to learn and implement learnings in real time
- Team player
Desirable skills/Preferred Qualifications:
- Basic Knowledge of credit products, risks and their mitigation techniques
- Basic understanding & interest in Finance
Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
We operate with honesty, transparency and fairness in all we do.
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
We champion innovation, and use our energy, expertise and resources to make a positive difference.
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do our Mindset is to Empower, Challenge and Drive.
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.
Skills: Risk Management
Experience: 0.00-2.00 Years