Barclays Corporate & Investment Bank
About Banking
The Banking team supports PB globally, providing competitive products and solutions to our clients and supporting their distribution across our international locations.
Our Product and Proposition, Distribution and Portfolio Insights teams relentlessly strive to provide strong and innovative client solutions that position Barclays as a leader in our key markets
Overall purpose of role
Product management is integral to the success of the business. Product Managers are responsible for the product management agenda with the primary aim of developing and managing the Banking Product Portfolio ie savings, notice accounts, term deposits, SBL, mortgages, overdraft.
They will support the development and delivery of differentiated products and product suites within an overall product life cycle, clients’ needs framework and aligned to target client segmentation. They will ensure that products are developed and delivered aware of the statutory and regulatory obligations the business is exposed in the sale of products. In addition, product managers are key to ensuring they are acutely aware of competition to ensure products are differentiated and have USP.
In addition, Product managers will support the development and maintenance of a framework to measure and monitor product portfolio performance, profitability, as well as the housekeeping of products end-to-end.
Product Managers will be responsible for articulating the end-to-end product needs, risk and control requirements, and operational requirements to deliver their product in a controlled, regulatory and conduct compliant. They will partner with Business Delivery and Control (BD&C), Business Management (BM), and Chief Control Officer (CCO) to achieve this.
The purpose of this role will be an hybrid role to support the local Barclays Bank Switzerland SA Product proposition including the booking of the fiduciary trade with our counterparties but also to lead the local Cash & Liquidity coverage with the banking distribution & optimization activity across Europe.
As a member of the broader PB Banking business, Product Managers & Cash and Liquidity specialist have clear responsibility to bring and leverage their expertise in order to help the business to think and act in the wider context and interests of PB and Barclays International. For example, delivery of overall strategy, marketplace outcomes, innovation and cultural development..
Key Accountabilities
Lead Geneva Banking Product Launch
Actively contribute to the project scope and solutions design (booking, controls…) including AVALOQ system solutions
Act as a product SME for problem solving
Assist with the coordination of local stakeholders (Legal, Compliance, CAM, Front Office, Distributions, COO, Finance, Risk, Operations…) to ensure smooth landing of the solutions
Actively contribute to UATs by providing test scripts and working closely with local users
Provide client collateral for distribution teams and ensure Intranet and Front office portal up to date (both standard and bespoke documents)
Document all procedures related to the product booking and its controls (inc. SOX)
Ensure project is properly handed over to BAU teams (i.e. Distribution, Front Office…) and provide support during transition period
Manage Product lifecycle & Maintenance of Geneva Banking Products
Accountable for standard rates update within the systems and prepare formal communication for Front Office
Publish daily standard rates to Front Office (inc. Fiduciary rates)
Feed to the Product Annual Review
Raise, own and follow up resolution of IT incident linked to any Banking product
Participate to prioritization meeting for defect resolution (ensure budget has been secured to that effect)
Review procedures and update process documentation if required
Monitor product is correctly booked in our systems to avoid anomalies
Report anomalies if any and seek resolution with help of Distribution teams
Support local teams with Regulatory reporting requirement (i.e. FINMA)
Provide Cash & Liquidity coverage for Geneva platform
Advise bankers across EME on available products and advise clients directly upon request – provide regular update (i.e. week ahead calls)
Advise bankers across EME on latest bank appetite statement as well as counterparty credit ratings
Perform book review and identify optimization opportunities which translate into incremental P&L
Provide bankers with client bespoke letter template and perform 4 eyes check before sending to clients
Prepare Deal Forum cases and track the sanction expiries – update central team on progress
Approve booking before trading in AVALOQ Geneva of bespoke deposit
Help bankers/PBE with the booking process of Banking product AVALOQ (reinforce written procedure if required)
Ensure back up of fiduciary balance booking within agreed SLAs
On a back up basis, place the trade from Geneva platform (Call, Notice, TD position) witgh counterparties – Fiduciary service onto the Monaco & London platform
Check that the client trades have the correct approval in place (Deal Forum/CLS discretion)
This role may take over direct report responsibility over time
Stakeholder Management and Leadership
Respond in a timely fashion to all enquiries/requests for product information and/or changes
Perform initial analysis to assess need for requested changes and the potential impact of these
Bring recommendations to the Product Lead for guidance on decisions relating to new and existing products
Decision-making and Problem Solving
Implement outcomes of the continuous product portfolio review and development (life-cycle management):
Define systems and process changes associated with the continuous product portfolio review will be a key responsibility and working with BD&C and IT teams to implement such changes
Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards
With support of BD&C, CCO and other functional areas, ensures currency and compliance with relevant regulation, legislation and good market practice.
Ensures products are aligned to client conduct framework for the product and client needs framework.
Ensures familiarity and compliance with all Bank policies and processes.
Responsible for contributing to a work environment for the Banking product teams that drives results and positively energises and challenges team members.
Person Specification
The role holder will be driven by meeting client needs and enthusiasm to delight clients.
The role holder will be results and commercially oriented but will have a clear view of the right balance between all aspects of the balance scorecard i.e. clients, colleagues, conduct, company and citizenship.
The role holder will be very able at managing relationships within and across a complex matrix organisation.
The role holder will be analytical, rigorous and able to form sound judgements.
Essential Skills/Basic Qualifications
In depth knowledge of our AVALOQ booking system
Experience in product management planning and operations experience
Demonstrated experience in product life cycle management, development and execution/physical implementation
Industry knowledge and a good understanding of our competitor landscape is key
Desirable Skills/Preferred Qualifications
Project management experience
The right candidate will be educated to degree level from a leading University.
Purpose and Values
Our purpose is creating opportunities to rise. We support sustainable and inclusive growth by connecting the ideas, innovations and aspirations of our customers and clients to the capital that can bring them to life. For over 325 years we have funded progress, and today we remain committed to helping make our world more sustainable, more inclusive and more connected.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
Respect
We respect and value those we work with, and the contribution that they make.
Integrity
We act fairly, ethically and openly in all we do.
Service
We put our clients and customers at the centre of what we do.
Excellence
We use our energy, skills and resources to deliver the best, sustainable results.
Stewardship
We are passionate about leaving things better than we found them.
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To apply for this job please visit search.jobs.barclays.