With intensive training from the start, you'll become an integral part of a product, industry or geographic group. Working on live projects, you'll set out on the path to Assistant VP.
Feel the pace of international finance as you deliver solutions that go far beyond the obvious. Be involved in delivering financial advisory, capital raising, financing and risk management services to clients worldwide.
The opportunities and challenges in this part of our business come thick and fast – and in all shapes and sizes. They range from acquisitions, financing, divestitures and restructurings to leveraged buyouts, exclusive sales and takeover defence. No matter which area you work in, you’ll enjoy the flexibility to find your passion, and build your skills in a host of different directions.
We operate three major business units:
Learn more about each below.
Here you’ll work with
the team to raise debt financing for corporates, sovereigns, supranational
entities and financial institutions. You’ll collaborate with clients to develop
and apply solutions tailored to their specific financing needs, which could see
you involved in anything from helping a university or school invest in new
buildings to funding the largest acquisitions across the globe.
Let’s say a utility company wants to raise funds to invest in its network. It decides to issue a bond (essentially a tradable IOU that pays the holder a set level of interest each year, then the full value when it matures at a fixed point in the future). The company’s revenue is in Sterling so it wants to pay the interest off in Sterling too. But our Risk Solutions Group and Debt Capital Markets team advise that raising funds in Euros could be at a lower interest rate. Debt Capital Markets, partnering with our Syndicate team, issues the bond to investors in Euros. Meanwhile the Risk Solutions Group structures a cross-currency swap. This allows the client to pay us a fixed Sterling amount and receive the Euros it needs to pay its bondholders.
We help our clients identify and deal with risks to their business arising from the financial markets. These risks include moves in interest rates, foreign exchange rates and inflation. You’ll help to develop, structure and execute solutions using derivatives (a type of financial instrument) and present ideas to clients while learning about what drives some of the world’s biggest financial markets.
RSG helped a UK media company buy significant European assets from a US peer. A big purchase like that comes with all sorts of financial risks, and the types of risk depend on how you find the money and what you want to do with it. The company raised US Dollars from investors in the US, but the asset purchase was denominated in Euros. Barclays structured a derivative transaction to help them swap between the two currencies, as well as reducing the risk they’d face if there were any future changes in interest rates in Europe which would affect the exchange rate of the two currencies.
This is the team that gives clients a comprehensive range of capital raising solutions relating to equity. It is a fast-paced environment in which you’d help originate and execute equity and equity-linked transactions. These include Initial Public Offerings (IPOs), follow-on transactions, private placements, convertible bonds and share repurchases. Because they’re all to do with equity, they’re highly strategic transactions that are carefully tailored to help our clients achieve their specific goals.
independent gym company is considering going public. It wants to raise capital
to fund its expansion and boost
its profile. Our Equity
Capital Markets (ECM) team would guide the company through the IPO process
including crafting their equity story, introducing the company to investors as part of a process known as a roadshow and
co-ordinating with the regulator and other advisers before launching and
raising the capital through a public bookbuild. This is a historic event
for a corporate client, so we’d also support them after listing, continuing
to advise on a range of equity and equity-linked solutions that become
available once the company is publicly traded.
This team generates funding for companies that already have a considerable amount of debt, and because the funding is riskier, it’s also more costly. Often it’s used to achieve a specific, usually temporary, goal - like funding a specific investment programme or acquisition. You’ll help design, structure and syndicate the unique financing needed, using high yield bonds and leveraged loans. During your time in the team, you’ll work with corporate and financial sponsor clients on a range of projects, such as leveraged buyouts, acquisition financings, refinancings, and raising growth capital and undertaking dividend recapitalisations.
Company X is a publicly traded, casual dining chain with over 300
sites. Company Y is a private equity firm that wants to acquire Company X and
help it expand. Company Y turns to Barclays for financing, and Leveraged
Finance creates the financing package that supports Company Y's acquisition bid. Once
Company X’s shareholders approve the deal, we arrange a loan from a number of
key investors to finance it. The buy-out will help Company X roll out a further
30 restaurants a year over the next three to four years, benefitting itself and Company Y, as well as its private equity investors.
Here you will develop a broad base
of corporate finance skills as you work alongside experts in different
industries and geographies. Between industry bankers and country bankers,
we work together to deliver holistic client coverage across the product spectrum, be
it M&A, capital raising, structured solutions or risk management. You
could be involved in everything from calculating the financial impact of an
acquisition, sale or disposal and how the deal would affect a client’s performance, to
deciding how to finance the transaction and who to approach. Often you’ll
collaborate with accountants, lawyers and PR firms, as well as with colleagues
in Capital Markets to provide seamless execution of the deal.
Company X decides it would like to consider buying Company Y and discusses the transaction with Barclays. We help Company X with the strategic metrics for doing the transaction as well as how much Company Y is worth and the financial impact it would have on their performance.
Barclays also helps with the tactics, e.g. who to approach at Company Y, what the initial price should be, as well as with any negotiations that takes place between the two companies. Often we need to involve our Global Finance and Risk Solutions colleagues if there is any finance needed, e.g. debt or new equity to raise as part of the transaction, perhaps to pay the shareholders of Company Y. We also work alongside other advisers in the transaction, e.g. accountants, lawyers, public relations, with the main goal to obviously ensure a successful outcome for everybody.
These teams are responsible for the coverage of a specific industry across all geographies.
These teams cover a specific country but work across all sectors with their partners in the industry teams.
Company A is a US publicly
traded firm in the facilities
management (“FM”) sector looking to
increase its exposure to the UK FM market by
acquiring Company B, a UK FM market leader. The CEO of Company A initially approaches
Barclays to better understand what a potential transaction could look like. Once the
decision has been made to proceed with the transaction, Barclays transatlantic M&A teams work
together to provide advice on strategy, tactics
and engagement with Company B, modeling
the effects of the transaction. We
also provide guidance to Company A
on the regulatory, anti-trust and UK takeover dynamics. In
addition, the M&A team will manage the overall transaction, coordinating with the Barclays ECM team
to raise cash through a rights
issue, the Barclays DCM team to arrange
debt financing, the Barclays RSG team to
hedge the currency exposure of Company A, as well
as with all other legal, commercial and
PR advisers to Company A.
As a part of FSG team, you will work with private equity and other financial investors in close collaboration with sector, country and capital markets teams to help clients identify and execute on investment opportunities, create value during their investment period through M&A and capital structure enhancements and support them with maximising their return on exit.
FIG supports banks, insurers, asset managers, financial technology companies and specialty finance clients across the globe. Our clients are systemically important, regulated and inherently different from other companies, as reflected by their distinctive financial statements. FIG provides its clients with the whole banking product suite, including M&A, solutions in managing the increasingly complex regulatory framework and the execution capabilities to access equity and debt capital markets. This integrated approach helps our clients thrive in today’s challenging and continuously-evolving financial landscape.
A recent change in UK pension regulation significantly impacted the business model of some of our clients. The Barclays FIG team acted as lead financial advisor on the merger between two such UK insurance companies, helping create a leader in the transformed UK insurance market. The deal created significant cost savings and positioned the new, larger company to thrive in the new regulatory environment.
At Barclays, we offer a wide range of career opportunities to help you find your ideal career. You’ll find an overview of all our roles in Banking below, so use our dropdown filters to find the ones that suit you best. Then, just click to find out more or use the star in the bottom left to save your favourite roles to your wishlist for later.
We have lots of fascinating opportunities in the Asia Pacific region too. So whether you’re more familiar with that part of the world or fancy working somewhere new, why not take a look?