IBMO Commodities Contractor (6 months)

  • -
  • Singapore
  • Contract, Full time
  • Barclays
  • 30 Aug 17

The role is a Middle Office role under IBMO Commodities team in Singapore and will focus on supporting the Commodities business with an emphasis on Flows and Structured Trade Validation, End-Of-Day batch support, desk support, and controls.

IB Operations

Global Markets Operations is the engine responsible for ensuring the execution and servicing of all products and services.  Our core objective is to deliver service excellence by executing our processes in the safest and most efficient way, leveraging automation and 'Lean' approaches to achieve this.  Some of the core processes that we deliver include Post Trade Services, FX Operations, Collateral & Liquidity operations.

The environment in which we operate is continually changing. Global Markets Operations plays a key role in driving market initiatives and regulatory changes and, by ensuring we are ahead of competitors on these initiatives, continually helps to drive down costs and increase revenue.

Around 3,000 colleagues work in Global Markets Operations globally, and our ambition is to make our organisation a truly excellent place to work, with the best possible opportunities for colleagues to succeed and develop their careers.

This position sits within IBMO under Global Markets Operations. The team is the primary control for all transactional data quality, with specific focus on end-of-day validation and completeness checks across Barclays Investment Bank Markets prior to overnight batch processes.

Overall purpose of role:

The role is a Middle Office role under IBMO Commodities team in Singapore and will focus on supporting the Commodities business with an emphasis on Flows and Structured Trade Validation, End-Of-Day batch support, desk support, and controls.

The Commodities IB MO team cover Flow and the Exotics/Structured Commodities products. The team is responsible for ensuring transactional data quality on flows and exotics/structured trading activities remains high and well-controlled. The team acts as a first point of contact (central hub) for all the front-line issues regarding flow and exotics/structured bookings.

Main duties and responsibilities:

  • Perform independent trade validation of flows and complex exotics/structured trades following trade capture.
  • Monitor and manage exceptions in trade flow / trade representation.
  • Monitor and remediate all EOD batches for Commodities Portfolios to ensure completeness of daily PV and risks.
  • Deliver effective controls and services to upstream and downstream business functions.
  • Support project and new product/system/regulatory initiatives.


Key Accountabilities and Skills required:

o Stakeholder management and leadership.

  • Team player committed to developing a culture of transparency, integrity and collaboration where all fellow team members are motivated and inspired to deliver the required outcome, taking into account risk and process optimisation factors.
  • Track record of successfully delivering an excellent level of service as part of a team under challenging circumstances. 
  • Ability to work alongside a diverse global workforce through rapid change and / in periods of uncertainty.
  • Strong interpersonal and communication skills to effectively manage key relationships across functions, the global matrix and external stakeholders.
  • Builds trust through consistent delivery and posses’ ability to creatively resolve problems and issues at pace.
  • Understands the Business Strategy and is able to add-value at team meetings and influence the outcome.
  • Strong client focus, always puts customer satisfaction first. Track record of maintaining effective customer relations and service program through delivery of SLA's.
  • Strong risk background / culture and is able to identify problems and resolve, before the risk occurs.
  • Ability to implement Risk Self Assessment and ensure compliance with all Regulations
  • Detail-orientated in order to avoid, eliminate and mitigate risk.
  • Demonstrate thorough understanding of the operational front to back procedures that support your specific function and products.
  • Ability to implement excellent risk metrics to ensure the RTB process is tracked and monitored successfully.

o Decision making and problem solving

  • Ability to understand and analyse complex problems and provide effective tactical and strategic solutions.
  • Understanding of broader business strategy, and apply this lens when contributing to team decisions.
  • Aptitude to operate with close attention to detail and able to prioritise your key activities to ensure delivery.

o Key specific accountabilities.

  • Deliver the highest standard of service to internal and external clients against agreed SLAs.
  • Ensuring you uphold personal conduct in line with the Barclays Way and call out behaviours, actions or decisions that fall short of these standards or are inconsistent with our Values.
  • Ability to identify, escalate and report risks and issues.
  • Identifying rationalisation opportunities to ensure an efficient delivery of service by yourself and your colleagues.

Technical Skills and Qualifications will include

o Essential:

  • Bachelors Degree or equivalent.
  • Financial services experience.
  • High level understanding of 2-3 functions in the trade lifecycle.
  • Detailed knowledge of 1 function.
  • High level understanding of 2-3 product families.
  • Detailed knowledge of 1 product family.