Prime Solutions (GNA) Prime Solutions (GNA) …

in New York, NY
Permanent, Full time
Be the first to apply
in New York, NY
Permanent, Full time
Be the first to apply
Prime Solutions (GNA)
Prime Solutions VP

New York

As a Barclays Equities Prime Solutions VP, you are responsible alongside our partners in Credit Risk, Trading and Product for creating, developing and operating margin and risk solutions for Prime's hedge fund clients. The Global Netting product that has been developed and managed by this team provides clients with market-leading cross-margin netting capability and is a key differentiator between Barclays Prime Services and its competitors.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. 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.
What will you be doing?
  • Investigating and analyzing the consequences of proposed solutions across a range of disciplines (accounting, tax, regulatory, risk, legal etc.)
  • Taking proposed transactions through internal approvals, including drafting papers and briefing stakeholders
  • Conducting quantitative analysis, review portfolio risk, and develop market based financing solutions for clients across Fixed Income Financing, Macro, Prime Services, and Equities
  • Partnering with colleagues in Trading, Origination and other teams to drive the Prime Financing agenda, with a focus on the Global Netting Agreement (GNA) platform agenda:
  • Pitching the GNA platform to clients, educating them as to its inner working and potential benefit including running portfolio analysis.
  • Assisting with GNA onboarding including working with the client and Operations to implement the product and negotiating legal documentation
  • Identifying inefficiencies in margin delivery process using risk and margin methodologies, including Value-at-Risk (VAR), and Expected Shortfall (ES)
  • Manage GNA Mumbai based resources around daily client maintenance, analysis of client portfolios, and general problem solving
What we're looking for:
  • Bachelor's degree Degree in a technical subject (Science, Technology, Engineering, Mathematics or Economics)
  • Exposure to market based securities and the dynamics associated with them
  • Experience structuring trades or lending arrangements
  • Knowledge of financing solutions, collateral based lending, securities lending, and the risk associated with the financing business
Skills that will help you in the role:
  • Sell-side experience working in a prime brokerage team, or buy-side experience working with prime brokers strongly preferred
  • Experience working with a cross netting product
  • Experience working with and / or negotiating legal documentation
  • Understanding of the margin in prime brokerage, repo and derivatives markets (including portfolio methodologies)
Where will you be working?
You will be working at our Americas Headquarters at 745 Seventh Avenue. This 37-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.
Regulated Role
This role is regulated by FINRA
IAR Role
This role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
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