Analyst RMG COI

Join us as an "Analyst RMG COI" at Barclays, where RMG Cost of Income is setup to review and standardize the costs that Markets team must bear to conduct their business and majorly looks at cost of taking services from external parties. The costs include but are not limited to Brokerage, clearing fee, Agent/Custody fee, Regulatory fees etc. The team works with desks from all asset classes to identify expectations of trade volumes, constraints, and preferences to propose beneficial brokerage Plans and further works on negotiating the plans with external brokers. The team engages in exploratory work and project management as well at the same time to prioritize and focus on high impact projects to meet the business targets.

You may be assessed on the key critical skills relevant for success in role, such as experience with Analyst RMG COI, as well as job-specific skillsets.

To be successful as an Analyst RMG COI, you should have experience to

#1- Understanding of Cost of Income items like Brokerage, clearing fee, Agent/Custody fee, Regulatory fees etc. that Markets business has to bear.

#2- Ability to understand the drivers of the cost and prepare Management commentaries.

#3- Understanding of various asset classes like Credit, Equities, Rates, FX etc. that markets desk deal in and the nuances from a cost of income perspective.

#4- Ability to communicate the finding and ideas to desks and work with them to identify volume, business expectations for future periods.

#5- Ability to interact with Third-party vendors and providing SME COI inputs where needed.

#6- Interact and be part of negotiations with external service providers like brokerages etc. for reviewing plan by product and region.

Some other highly valued skills include:

#1- Utilize cutting edge technology to develop tools that provide insight into drivers of various costs. Leverage Technology available for RMG teams.

#2- Automate the process of producing MI using tools like Tableau, Python, Hypercube.

#3- Ability work on unstructured data, work on sourcing the data from various tools, teams both internally and externally. Create systematic data views to build analytics on.

#4- Analyze data and understand the business context to be able to propose opportunities for cost saves for the firm.

#5- Work with respective asset class FO desks, Operations across multiple geographies - LDN, NYK and APAC to understand constraints and advise them on the plan options available.

#6- Understanding of the complexities of cost of income with an overlay of global markets and economics.

This role will be based out of Mumbai.

Purpose of the role

To maintain the smooth and efficient operation of our trading desks, providing operational support and expertise to traders, sales professionals, and other key stakeholders, helping them maximize their productivity and minimize disruptions and handling administrative tasks, and providing market information and research.

Accountabilities

• Provision of immediate and efficient technical support to traders and sales professionals on the trading desks, resolving hardware, software, and network-related issues to ensure uninterrupted trading activities.
• Coordination of trade execution by liaising with traders, clients, and other internal teams to ensure smooth transactions.
• Maintenance and updating of trade records, transaction logs, and client databases accurately.
• Reports, presentations, and documentation preparation to support sales and trading activities.
• Monitoring of market data and assist in the analysis of financial information for trading decisions.
• Operational tasks such as processing trades, confirming orders, and resolving trade discrepancies.

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.