Warehouse Lending and Gestation Repo Analyst

7 days left

Employer
Barclays
Location
Newark, DE
Posted
Mar 15, 2017
Closes
Mar 31, 2017
Function
Analyst
Hours
Full Time
Securitized Products IBMO is responsible for the supporting all trading and sales activity within the Macro and Fixed Income Finance businesses. The Securitized Products IBMO team is expected to focus on controlling and safeguarding the firm's assets while ensuring timely, accurate, and efficient processing, confirmation, settlement of transactions and minimizing risk in a well controlled environment. Main Function: Securitized Products candidate will liaise with the Trading Desk and third party mortgage originator to coordinate the warehouse lending and gestation repo businesses. / / / / **Overall purpose of role:* * * IBMO Warehouse Lending and Gestation Repo Group supports the Fixed Income Financing Desk in its' core lending strategy to lend money to Mortgage Originators. The Group supports both Agency eligible and Non-Agency mortgage loan types. . The role is being created to address the continued growth and breadth of whole loan financing transaction types that have been established as part of the core business strategy. The group has expanded its lending platform to include additional loan level and collateral controls in order to protect the firm from market and operational risks. . The Securitized Products IBMO team is expected to focus on controlling and safeguarding the firm's assets while ensuring timely, accurate, and efficient processing, confirmation, settlement of transactions and minimizing risk. *Key Accountabilities and Skills required:* o Coordinate the closing of new deals and oversee transaction life cycle events. o Review Deal Closing Documents and set up facilities on the applicable systems (iRepo, SPCATs, LION, IMPACT) o Oversee the purchase of mortgage whole loans and subsequent transformation into MBS Agency Securities. Ensure all trade bookings and transaction events are coordinated are accuratgely booked and coordinated for each settlement cycle. o Ensure fees, interest, and principal activity is collected, processed, and recorded in our residential whole loan inventory and sub-ledger systems o Oversee the accurate set-up and maintenance of static and transactional data on all Bank Systems and databases relating to client and deal information, via regular review of discrepancy and balance reports o For unresolved items, provide detailed commentary and explanations for discrepancies including estimated time frames for resolution o Liaise with Collateral Management group to ensure all client margin calls are calculated and issued correctly. o Monitor borrowing base compliance checks to ensure accurancy and completeness. o Coordinate daily funding of residential whole loan bookings with money market treasury desk o Reconcile the residential loan level data booked in our residential whole loan inventory system against the firm's books and records o Monitor all incoming and outgoing funds in the DDA's and advise and investigate any un-reconciled items o Has experience spearheading projects focusing on system development and migration o Establish, document and maintain departmental procedures and system requirements. o Define UAT specifications and determine pass/fail thresholds prior to system deployment. o Identify, escalate, and define system gaps and remediation o Learn numerous systems (SP Cats, IMPACT, LION, iRepo, CPP, etc) *Stakeholder management and leadership* / / o Strong written and oral communications skills o Problem Solving (Real Time and Proactive approach to establishing robust and efficient processes / controls. o Ability to identify and define IT opportunities to automate and promote scale. o Relationship builder o Work effectively across groups/./ o Engage with Trading, Legal, Customers, and Barclays Infrastructure Partners (Credit Risk, PCG, IT, Settlements, Ref Data, GSR.// o Interaction with all levels of management within the business and infrastructure groups.// o Act as a point person on business and regulatory initiatives. Expected to create project documents, UAT test scripts and Q&A analysis.// o Act as liaison between business and infrastructure partners. Should be able to clear articulate verbally and in written all business requirements.// / / *Decision making and problem solving* * * o Excellent problem solving skills and a strong analytical ability. The role requires a strong attention to detail and ability to identify issues across multiple systems and process flows. o Requires individual who has the ability to multiple task and prioritize effectively to meet time sensitive deadlines. o Needs to identify control gaps and process inefficiencies and develop a plan to leverage automation. Work closely with IT partners to identify cost effective plan to increase efficiency. o Worked closely with colleagues to develop their business knowledge and problem solving skills.** o Risk and Control: All Barclays colleagues have to 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 * * **Your Skills and Qualifications will include:* **Basic Qualifications:* * * * * o Bachelors Degree or equivalent work experience o 3 years experience with Residential and Commercial Whole Loans o 3 years of Consumer Finance receivables, collections, servicing, and investor reporting o 3 years industry experience * * / / *Preferred Qualifications* o Excellent use of Microsoft Excel with knowledge of Pivot tables, Vlookup, Hlookup, Sumif, Array functions. o Knowledge of VBA/SQL o Excellent communication and interpersonal skills . Knowledge of the front to back process in an environment of investment banking . Ability to influence others and work under pressure independently . Understand operational risks . Proven ability to build, maintain and enhance relationships at all levels including interacting effectively with other key areas within the bank eg IT, MO, FO, Ops Control . Detail oriented . Prior experience with reconciliations a plus / / / / for our employees. That's why at Barclays you'll receive a range of benefits that include a competitive salary and all the tools, technology and support you need to succeed. **Our Culture:*Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it. Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager. Barclays is an equal opportunity employer and are opposed to discrimination on any grounds.* *For more detailed information, please visit our dedicated Diversity and Inclusion sitehere. ** *EEO statement** It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.* **Risk and Control: All Barclays colleagues have to 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* **Title:** **Warehouse Lending and Gestation Repo Analyst** **Location:** **Delaware-Newark** **Requisition ID:** **90100647*