Join us as an Analyst - Derivatives Middle Office. At Barclays, our vision is clear – to redefine the future of banking and develop innovative solutions. In this role within the life cycle management team, you will be instrumental in supporting global trading businesses across FX, rates, and credit products by managing trade lifecycle events and ensuring operational accuracy and risk integrity. As the primary contact for trading desks, you will oversee trade capture, amendments, allocations, and event processing, while resolving reconciliation breaks and executing end-of-day controls. You will collaborate with infrastructure teams to address cross-functional challenges, maintain operational risk standards, and contribute to strategic and regulatory objectives. Success in this role requires good communication skills, meticulous attention to detail, and a forward-looking approach to optimizing processes, improving workflow efficiency, and strengthening the control environment throughout the trade lifecycle.
To be successful as an Analyst - Derivatives Middle Office, you should have:
- Ample foundational knowledge in finance, economics, mathematics, engineering, or physics, demonstrating solid analytical discipline and quantitative aptitude
- Well-versed in the end-to-end trade lifecycle for FX and rates products, including trade capture, allocation, amendment, and settlement processes
- Exceptional attention to detail, with a considerable emphasis on accuracy and control throughout trade processing and lifecycle events
- Proven ability to prioritize and manage multiple tasks in a high-pressure environment, especially when handling time-sensitive queries and risk-related issues
- Exceptional problem-solving skills and a solution-oriented mindset to identify, investigate, and resolve trade discrepancies and operational breaks
Some other highly valued skills may include:
- Familiarity with basic programming concepts, along with practical experience in VBA and Macros, enabling automation and efficiency in operational workflows
- Highly organized, with excellent time management skills and the ability to consistently meet deadlines while managing multiple priorities in a dynamic environment
- Ability to build, maintain, and strengthen collaborative relationships across key business areas, including trading, technology, global middle office teams, and front-office stakeholders such as sales and structuring
You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen, strategic thinking, digital and technology, as well as job-specific technical skills.
This role is located in Whippany, NJ.
Minimum Salary: $64,000
Maximum Salary: $87,000
The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.
Barclays employees are eligible for a suite of competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.
This position is eligible for an incentive award.
Purpose of the role
To support business areas with day-to-day processing, reviewing, reporting, trading and issue resolution.
Accountabilities
- Support various business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution.
- Collaboration with teams across the bank to align and integrate operational processes.
- Identification of areas for improvement and providing recommendations in operational processes.
- Development and implementation of operational procedures and controls to mitigate risks and maintain operational efficiency.
- Development of reports and presentations on operational performance and communicate findings to internal senior stakeholders.
- Identification of industry trends and developments to implement best practice in banking operations.
- Participation in projects and initiatives to improve operational efficiency and effectiveness.
Analyst Expectations
- To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
- Requires in-depth technical knowledge and experience in their assigned area of expertise
- Thorough understanding of the underlying principles and concepts within the area of expertise
- They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
- If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
- OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
- Will have an impact on the work of related teams within the area.
- Partner with other functions and business areas.
- Takes responsibility for end results of a team’s operational processing and activities.
- Escalate breaches of policies / procedure appropriately.
- Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
- Advise and influence decision making within own area of expertise.
- Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
- Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
- Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Make evaluative judgements based on the analysis of factual information, paying attention to detail.
- Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
- Guide and persuade team members and communicate complex / sensitive information.
- Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.
