Job Title : Product Control - Assistant Vice President, Local Markets Rates Reports to : (Line Manager's Job Title): Director Direct Reports (if applicable) : 8-10 Business Area : Investment banking Department/Function Level 1 : Finance Department/Function Level 2 : Product Control Primary Location: Chennai, India About Investment banking : - The Investment Bank is a leading provider of advice, financing and risk management solutions to companies, governments and institutions worldwide. - We enable the movement of capital between those who need it and those looking to generate a return on investment. - In doing so we fund and facilitate global economic growth, helping millions of people to achieve their ambitions. - Our business is split into three core areas: markets, banking and research. - We provide Barclays with a diversity of income and risk, and deliver market execution services for customers and clients within other parts of the Group About Finance - Product control : - The Finance department covers Product Control, Financial Control, Financial Decision Support and Tax. - The primary function of Product Control is to work closely with all business stakeholders in achieving the objectives of the firm, in compliance with all relevant regulations and reporting requirements. - The PC Product Line teams play a key role in ensuring an independent validation, substantiation and reporting of financial information for a particular FO business unit. - We are an equal opportunity employer and we are opposed to discrimination on any grounds. Overall purpose of role : The responsibility by Line PC Teams for completeness and accuracy of the books and records comprises of: - P&L and B/S substantiation and reporting (including P&L explain / attribution, reconciliations, P&L commentaries, adherence to accounting principles, etc.). - Monitoring trading activity for compliance with various related policies. - Providing management with technical and operational analysis of the business unit. - Regular interaction with FO business, Financial Control, Technical Accounting Group, PC Change Management, Technology and other infrastructure areas. Key Accountabilities : Responsible for the line product control of an asset class, managing the line PC team to fulfil responsibilities below: Daily Responsibilities : - Review daily P&L, including understanding risk positions and market moves for P&L explanation, and review of flash vs formal differences. - Engage in detailed discussion with traders and risk managers on risk positions and P&L. - Ensure that the team's KPI and SLA are met. - Attend to ad hoc queries from the traders and other infrastructure partners relating to trading revenue and Balance Sheet. Weekly / Monthly Responsibilities : - Review key weekly & monthly MIS to senior management. - Gain in-depth understanding of provisioning and price testing controls and processes, and review the month end working. - Engage in detailed discussion with traders, risk managers and Independent Valuation Control team on the results. Liaise with valuation expert on modelling appropriateness and other technical/booking issues. - Perform detailed review of month end adjustments, and Balance Sheet substantiation Controls - Ensure the maintenance of a strong internal control environment. Monitor control reports to ensure accuracy of data for P&L, validation and downstream processes. - Raise the team's level of control awareness. Lead by example and engender a strong control culture. - Ensure clean audit results from internal and external reviews. Be the owner of key stroke documentations for key PC processes, risk assessment and SOX documentation. Projects and Continuous Improvements : - Identify and drive process re-engineering and constantly challenge status quo for control improvement and process efficiency. - Motivate and empower the team to deliver continuous improvements. Service Delivery : - Ensure adherence to daily schedule and service level agreements (SLAs). - Ensure process compliance as per the regulatory guidelines and audit requirements. - Oversee the preparation of basic financial analysis, impairment analysis, financial reports, financial planning and financial statements analysis. - Review and analyse complex financial reports and financial statements analysis and present the same to the management. - Establish innovative systems and procedures for handling data & reports and continuously improvise on them. - Identify process improvement opportunities. - Understand customer needs and provide innovative solutions. - Manage and monitor quality for the business area. - Respond to and resolve issues arising out of interactions with clients. - Ensure open communication and address issues/ concerns raised. Stakeholder Management and Leadership : Relationship Management : - Establish and maintain effective working relationship with key stakeholders across businesses served. - Team Management : - Measure performance of the team against SLAs and KPIs. - Ensure effective allocation and utilisation of resources across the team in order to maximise effectiveness. - Engage, motivate and coach the team towards achieving goals. - Assist in identifying the developmental needs of the team & encourage taking suitable training programs to enhance capabilities and skills. - Communicate strategic developments within the business area. - Groom and mentor the team to handle wider span & higher responsibilities. - Build effective communication channels to ensure open communication and address issues/ concerns raised by the team. - Build effective vertical and horizontal communication channels. - Controls and Compliance - Ensure adherence to and compliance with governance, risk policies, procedures and compliance policies. Other : - Ensure escalation of issues to management on timely basis. - Proactive involvement in new business initiatives. - Build close working relationship with Front-Office, Middle-Office, Operations and Risk departments and promote PC profile. Be viewed as a trusted business advisor Management : - Responsible for performance and development of the staff. - Responsible for resource allocation within the team and setting clear objectives for both business deliverables and personal development. - Provide leadership and support/advice to the team. Focus on prioritisation and delivery. - Drive team training. Leadership : - Provide leadership to the process managers with an oversight for issue resolution. - Create an environment that promotes continuous improvement and high levels of employee engagement. - Embed a culture of regular reviews and performance management aligned to GRB standards. - Leverage and integrate the capabilities of resources across all levels of the organization to accomplish complex objectives. Decision-making and Problem Solving Strategy : - Develop and implement the business strategy for own business area. - Monitor and drive plans to achieve successful completion of work as per the time, budget and quality standards. - Work extensively with the onshore stakeholders to identify and exploit opportunities for effective migration of processes. Risk and Control Objective [This section is mandatory for all role profiles and must not be deleted] - 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 Person Specification : Qualifications /education : - Qualified accountant / CIMA - CFA / Masters in Finance / Financial Engineering would be an advantage Technical knowledge / skills : - In-depth knowledge of Financial product and markets of the relevant asset class - Good understanding of end-to-end processes of an IB and associated controls - Excellent communication and presentation skills in both formal and informal settings & ability to interact with the region and London as part of a global team (written and verbal) - Excellent time management skills and able to prioritise Candidate Profile : - Strong control awareness - Confident and assertive manner - Ability to work independently with a spectrum of people from junior finance staff to front office business heads. - Proactive and change focused with problem solving ability. - Mature and able to negotiate through difficult situations - Ability to drive the team's agenda in large forums spread across various locations. - Good influencing and negotiation skills and excellent communication and interpersonal skills. - Displays enthusiasm, initiative and diligence. - Opportunity to be groomed to be future leaders, where there will be expended remit for future growth. - Works well in a team with high standards for team work Leadership requirements : Judgement : Balances short-term & long term goals, manages ambiguity well, is an astute risk taker, can see things in new and innovative ways and understands the business. Influence : Adept at influencing and aligning colleagues to make things happen, builds trusting and collaborative relationships, knows self deeply and creates teams to complement own strengths. Execution :Turns strategy into results, measures, manages and delivers performance, always delivers on promises. Excellent analytical and problem-solving skills and the ability to be creative and to - think outside the box- . Drive : Passionate about making a difference, relentlessly seeks out and overcomes major challenges, has real drive and determination, continuously raises the bar and is emotionally resilient. Proven track record in delivering to tight deadlines under pressure. Excellent Communication & Presentation: Excellent people-management and relationship-building skills with ability to operate at most senior levels. Process improvement : drives through change and process re-engineering by continuously leaning and streamline processes. Language: Ability to speak /write English fluently : Personal attributes essential to performing role: e.g. essential/desirable skills, competencies, expertise, knowledge, and experience. Note: experience requirements must not be in the form of years (minimum or otherwise). Role Profile Attestation : The content of this role profile is relevant for the role in question. Purpose and Values : - Barclays has a single cross-business Purpose for Barclays and five core Values which underpin it. - Our Purpose is helping people achieve their ambitions in the right way. Put simply this is the answer to the question - What is Barclays for- and it should guide our every action as employees. 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.

Chennai

Barclays - AVP - Product Control - Local Markets Rates 

Barclays - AVP - Product Control - Local Markets Rates  ,Job Description for Barclays - AVP - Product Control - Local Markets Rates  in Barclays in  Chennai for (5-10) years of experience. Apply Now!

Job Description for Barclays - AVP - Product Control - Local Markets Rates  in Barclays in  Chennai for (5-10) years of experience. Apply Now!