Fixed Income Derivatives Operations Associate

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Barclays Global Investors (BGI) is America's largest money manager, providing structured investment strategies such as indexing, risk-controlled active products, and exchange traded funds to investors worldwide. For 35 years, BGI has been at the forefront of developing innovative investment ideas, applying science and technology to the investment process. Headquartered in San Francisco and recently named one of the SF Business Times' "Best Places to Work in the Bay Area," the Barclays PLC subsidiary employs over 3,500 people globally and manages over $2 trillion in assets.

Overview
Barclays Global Investors (BGI) is the world's largest money manager, providing structured investment strategies such as indexing, risk-controlled active products, and hedge funds to investors worldwide. For 35 years, BGI has been at the forefront of developing innovative investment ideas, applying science and technology to the investment process. A subsidiary of Barclays PLC, headquartered in San Francisco and named one of the SF Business Times' ''Best Places to Work in the Bay Area 2007", it currently employs over 3,500 people globally and manages over $2 trillion in assets.
The volume and breadth of derivatives traded across BGI are increasing at an exponential rate across the range of products and fund strategies offered to clients including both active and hedge fund products.

Responsibilities
Trade Validation & Enrichment: Confirm trade details entered by Fixed Income traders into risk systems agree with a variety of trade recaps and termsheets. Certain trade types require enrichment by the individual. Thorough understanding of product types and their associated valuation methodologies is required to ensure trades are captured accurately. Collateral Management: Maintain collateral support information within systems to derive support requirements. These requirements are stipulated for BGI's funds and its segregated clients. The individual will have responsibility for managing the timely movement of collateral to / from counterparties. The team is responsible for mitigating counterparty credit risk through the collateralization process. A core function of the team is to ensure that a fund would not be adversely impacted by counterparty default. Derivative Payment Calculations and Settlement: Calculate derivative payments based on the product's characteristics. Agree payments with the respective counterparties and instruct custodians / prime brokers to effect the payment. Facilitate portfolio managers in the execution of FX transactions if payment is a non-USD currency. Cash Management: Reconcile daily hedge fund cash balances with the prime broker and calculate overnight cash sweep investment. Provide cash projections to portfolio managers and resolve pending cash discrepancies as necessary. Data: Setup and maintenance of counterparty data, including credit support details Reconciliation: Ensuring that valuations and collateral reports received by BGI from counterparties match the trade details recorded in the investment book of record and the collateral management system. Ensure that positions & valuations in the investment book of record match those in the fund administrator's accounting book of record. Query Management and Resolution: Working to ensure that discrepancies uncovered by the reconciliation process are resolved within BGI Middle & Front Offices, with counterparties, fund administrators & clients. Change management / process improvement : Responsible for generating and implementing ideas to improve the process; user testing and review of systems enhancements and implementations and working on strategic initiatives to improve business process or infrastructure. New product / instrument pipeline: Manage setup, process and organization work as part of the new product and instrument approval processes resulting from new business products. Audit Requirements: Ensuring processes and controls within the team produce adequate documentation for Internal and external auditor's requirements. Reporting : Responsible for production and accuracy of key management information reporting and control metrics across the group



Requirements
Good knowledge and experience of fixed income and equity products including derivatives – in particular knowledge of credit, interest rate, inflation and equity derivatives is advantageous Business knowledge - understanding of the application of derivatives within an investment strategy, specifically the relevant risks and appropriate controls required across the transaction lifecycle Should demonstrate an understanding of operational and credit risks, and the use of collateral and margining as tools for risk management. Experience in middle office or operations at a top-tier investment manager, hedge fund or investment bank Functional expertise on OTC confirmations, ISDA-based confirmations and collateral management desirable. Willingness to learn and desire to develop an in-depth knowledge of derivatives, market practices & regulations, as well as shaping BGI's approach to derivatives products & processes. Structured and organised approach with a strong attention to detail and diligent work ethic Are enthusiastic and have a desire to learn. In addition to BGI-managed development, the individual should also seek out opportunities for further development of knowledge, and should be able to evidence this in their current role Must have excellent communication skills both written and verbal Takes initiative, is ambitious and looks to develop self Willingness to participate, positive attitude, flexible approach and excellent teamwork Understands needs and sensitivities of internal and external clients and proactively ensures these are met Process re-engineering – ability to challenge existing processes and come up with clean and quality approaches to managing business requirements, resolve issues and problems Prior experience of project management skills and disciplines a benefit

To apply, please click here. You will be taken to the Barclays Global Investors Careers website where you will be asked to create a profile and submit a resume for this position.

BGI's San Francisco headquarters is located at 45 Fremont (near Market Street) and is easily accessible by BART and Muni. More information about careers at BGI can be obtained at http://www.barclaysglobal.com/about/careers/?r=19&a=34.



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