Trade Analyst

Job Description

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.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Become a part of Barclays US Trade and Working Capital Operations Team as a US Trade Analyst where you will be responsible for timely execution of request from clients, both internal and external with respect to issuing, confirming, advising, and amending letters of credit under Standby and Trade Letters of Credit. This is an amazing opportunity to highlight your experience and knowledge as we begin our US trade expansion. A new state-of-the-art system is being implemented known as Trade 360, and our Letter of Credit team is growing. Now is an exciting time for new joiners to be a part of this expansion.
 
This role would suit someone with a confirmed track record of:
 
•    Experience in drafting/reviewing a standby letter of credit issuance, confirmation, or advise wording/language
•    Ability to understand and interpret several types of Standby letter of credit wording/language such as but not limited to insurance, municipal, lease
•    Strong verbal and written communication skills
•    Experience in Letter of Credit Issuances, Confirmation, Advise and Amendments (Standby letters of credit)
•    Basic Microsoft Word and Excel skills
•    Explain our Letter of Credit process and Letter of Credit requirements to our business partners and internal counterparts
•    Knowledge and understanding of Sanctions, OFAC, AML, Anti-Boycott regulations, and LC Industry
standards UCP600, ISP98
 
Additional relevant skills that are highly valued include:
 
•    A working knowledge of SWIFT Messaging
•    Ability to collaborate with multiple stakeholders
•    Provide support and share best practices and knowledge across team
•    Ability to adapt to changing business circumstances. Readily adapts behavior to maintain effective
performance, assessing existing/changed procedures and offering practical solutions to issues
•    Promote and continually support the Business demonstrating a commitment to continual improvement and idea generation
 
You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.
 
This role is based in Whippany, New Jersey