Barclays

Director - Derivatives Middle Office

Barclays$150K — $180K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-10 years of experience in Markets Middle Office controls
  • Proven success in delivering large-scale transformation initiatives
  • Strong leadership skills with experience managing global teams
  • In-depth knowledge of regulatory compliance and audit processes
  • Expertise in trade validation, reconciliation, and exception management

Responsibilities

  • Lead control and transformation for Macro Middle Office operations
  • Drive automation and design scalable solutions to reduce risk
  • Collaborate with internal and external stakeholders to align goals
  • Manage and mentor a team of operational professionals
  • Monitor operational performance and develop key metrics for improvement

Benefits

  • Opportunity to influence strategic initiatives within a leading financial institution
  • Professional development and leadership training programs
  • Access to a supportive work environment that values feedback
  • Collaboration with cross-functional teams and high-level stakeholders
  • Commitment to regulatory compliance and operational excellence
Full Job Description
Job Description

Purpose of the role

Lead the control and transformation agenda for Macro Middle Office, with accountability for end-to-end trade lifecycle management, ensuring trade integrity, control effectiveness, and regulatory compliance. Operate in close alignment with the Global Front Office, maintaining strong proximity to trading activity and acting as a strategic partner to the business. Leverage deep relationships and networks to influence decision-making, balance commercial priorities with control outcomes, and embed scalable solutions. Drive automation, data governance, and operating model redesign to reduce structural risk and enable a resilient, future-state control environment.

Accountabilities
  • Identification of trends and opportunities to improve areas and develop new process and procedures through the monitoring and analysis of operation data and performance metrices.
  • Management of operations for a business area and promote efficient processes, risk management and compliance initiatives to support the bank's operations.
  • Collaboration with internal stakeholders (including business leaders, project manager and SMEs) and external stakeholders (including vendors and service providers) to support business operations and promote alignment with the bank's objectives and SLAs.
  • Management of operational professionals and provide guidance, coaching and support to improve colleagues' delivery quality.
  • Management and development of KPIs to measure the effectiveness of operation functions, utilising data and technology to support the identification of areas that require improvement.
  • Compliance with all regulatory requirements and internal policies related to customer experience.
  • Creation of a safe environment for colleagues to speak up, actively and regularly encourage and solicit feedback to ensure people agenda remains focused on the right areas.
  • Management of attrition by working closely with HR in implementing retention initiatives for work force.


Director Expectations
  • To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
  • They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
  • Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
  • Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
  • Escalates breaches of policies / procedure appropriately.
  • Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
  • Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
  • Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
  • Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
  • Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
  • Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
  • Negotiate with and influence stakeholders at a senior level both internally and externally.
  • Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
  • Mandated as a spokesperson for the function and business division.


All Senior 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.

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.

Key Requirements
  • Own and enhance the end-to-end control framework, embedding consistent, scalable controls across validation, reconciliations, and exception management
  • Lead transformation delivery (CTB), driving automation, control standardisation, and data quality uplift to eliminate manual risk
  • Act as senior risk owner, proactively identifying systemic control gaps and ensuring regulatory compliance and audit readiness
  • Redesign operating models to simplify processes, improve resiliency, and align to future-state architecture
  • Lead global teams to execute a control-first culture, with clear accountability for risk, delivery, and outcomes


Essential Skills
  • Deep expertise in Markets Middle Office controls (trade validation, trade lifecycle, reconciliations, exception management)
  • Proven track record delivering large-scale transformation (automation, data, control frameworks)
  • Strong risk and control leadership, including regulatory engagement and audit delivery
  • Experience identifying and remediating systemic control weaknesses at scale
  • Senior leadership capability across global teams and complex stakeholder environments


Desirable Skills
  • Deep, hands-on experience within Derivatives Middle Office, with strong understanding of OTC and listed derivatives across trade lifecycle controls
  • Proven experience operating within market infrastructure and vendor platforms, including LCH, MarkitWire, and related post-trade ecosystems
  • Strong knowledge of clearing, margining, and collateral workflows, with exposure to CCP environments and regulatory obligations
  • Experience delivering control and transformation outcomes within complex Markets environments, including alignment to Front Office and clearing brokers
  • Demonstrated ability to operate across global delivery models, driving consistency and control standards across regions

About Barclays

Barclays is a British multinational investment bank and financial services company. The company was founded in 1690 and is headquartered in London, England. Barclays provides a range of financial services, including retail banking, corporate banking, investment banking, and wealth management. The company operates in over 40 countries and has over 83,000 employees. In 2020, Barclays reported revenue of £21.8 billion and net income of £1.5 billion. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Learn more about Barclays
Size
81,600 employees
Market Cap
$30.2 billion
Industry
Net Income
$2.3 billion
Founded
1997
5 Year Trend
-5%
NASDAQ

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