If you’re thinking about moving forward in your career, then join Barclays. You will work as the face of the company as you work with customers to ensure complete customer satisfaction.
Securitised Products Middle Office supports the Securitised Products Trading Desk in its’ core trading strategy to trade and finance mortgage loans in the secondary market. The Group supports both asset backed and mortgage loans across a broad spectrum of products.
•Coordinate the closing of new deals and oversee transaction life cycle.
•Tie-out final funding population with investors and facilitate the settlement process including the repricing of the trade, execution of closing documentation, reviewing the funding schedule for accuracy, compiling mortgage loan schedule data, and communicating settlement funds, establish and Agree Workflow processes with all external deal participants (Borrower / Seller, Custodian, Servicer, Whole Loan Purchaser
•Review Deal Closing Documents and set up facilities on the applicable systems (SPCATs, iREPO, LION, IMPACT, FISS)
•Oversee the financing and purchase / sale of consumer receivables. Ensure all trade bookings and transaction events are coordinated are accurately booked and coordinated for each settlement cycle and to the terms of the agreement(s).
•Post-Closing Tracking. Coordinate with Banking and Trading the tracking of facility terms and lifecycle events pursuant to the terms of legal agreement(s)
•Responsible for Servicer Remittance Processing and tying out final servicer reports to loans purchased or financed.
•Ensure fees, interest, and principal activity is collected, processed, and recorded pursuant to terms of agreement and Barclays accounting policy.
•Oversee the accurate set-up and maintenance of static and transactional data on all Bank Systems and databases relating to client and deal information, via regular review of discrepancy and balance reports
•For unresolved items, provide detailed commentary and explanations for discrepancies including estimated time frames for resolution
•Maintain necessary files, both computerized and manual. Learn numerous operating systems. (CATS, IMPACT, FISS, iREPO, LION, CPP, ESM, Exposure Manager)
•Monitor all incoming and outgoing funds in the DDA’s and advise and investigate any un-reconciled items
•Engaging with and managing Business and IT relationships throughout Project Life cycle
•Has experience spearheading projects focusing on system development and migration
•Oversee employee task completion / validate controls by reviewing daily, weekly, monthly work product.
•Process re-engineer to ensure operational efficiencies are maximized and / or address changes to regulatory and accounting framework.
•Establish, document and maintain departmental procedures and system requirements.
•Define UAT specifications and determine pass/fail thresholds prior to system deployment.
•Identify, escalate, and define system gaps and remediation
•Facilitate the execution of a New Issue by working with banking and syndicate trading to obtain DTC eligibility and close the deal
•Affirm economic details of trades on T-0
•Follow up on failed trades and reconfirm economic details with counterparties. Work with settlements and Transaction Capture Utility(TCU) to clear failing trades
•Monitor real time transaction flow, trade updates, and exception queues to ensure timely and accurate trade representation in the front office systems and trade flow to the back office systems
•Coordinate with various settlements groups to resolve any trade settlement, cash and stock breaks, security set up or matching issues
•Answer internal and external client trade enquiries
•Review reconciliations and address exceptions
•Produce MI reports for transaction volumes and key control metrics
•Strong, confident communication and excellent client service / management skills particularly with senior sales stakeholders and external clients; leading and participating in informative client meetings as these are an integral part of the role both via voice calls or in-person.
•Ability to network and build rapport and credibility quickly with a variety of key stakeholders (FO, Ops Senior Management, IT).
•Excellent knowledge of MS Office applications, including and not limited to Outlook, Excel, Word, PowerPoint. Excel knowledge should include v-look ups, pivot tables and moderately complex formulae.
•Degree level or relevant experience within a similar / comparable banking environment with client exposure
Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.
We aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.
Our customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility then please discuss this with us.
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