AVP - Financial Control - Investment Bank

Barclays Opening - AVP - Financial control

Financial control AVP is responsible to ensure that team works towards timely closure of financial books for Legal entities on a monthly, quarterly and annual basis. He is also responsible for supporting central controls which are critical monitoring checks for ensuring the accurate legal entity reporting. Specific responsibilities includes and not restricted to

To take ownership of financials including Balance sheet control and month end closure

To represent financial control in the LoR (Letter of Representation) meetings, which requires presenting financials, explaining monthly variances and tabling key issues and potential resolutions

Review and production of reports for data analysis to identify and explain key trends /variances. Where any gaps or inconsistencies are noted, to follow up and work towards appropriate closure.

Deal with product control and risk teams to ensure appropriate reporting and presentation of the P&L accounts and disclosure of the balance sheet accounts.

Monitoring of capital levels and reporting of large exposures for different entities

Support Pnl & Balance Sheet enrichment process To ensure proper controls are in place and operating effectively

Support and respond to ad-hoc data requests

Responsible for timely and accurate closure of financial books by analyzing and reviewing the financials

Review Balance sheet reconciliations and preparation of key MI (Management Information)

Review and presentation of key financials in LoR (Letter of Representative) meetings including consolidation of all IAR (Items at Risk) / BNR (Balances not reconciled) and taking ownership of action items

Understand end to end flow from transaction initiation to disclosure in the financial accounts and notes to account, trade enrichment of the balance sheet.

Review of various Group submissions including monthly / quarterly IFRS (International Financial Reporting Standards) reporting

Ensure that appropriate transfer pricing/cost recharges between entities are conducted to ensure that the legal entity financials are properly reflected.

Analysis of data, generate queries for trends / variances and gaps / inconsistencies and follow up to appropriate closure.

Monitoring of capital levels and reporting of large exposures for different entities

Review of various attestation packs to enable the senior management to carry the Sox requirements and obligations

Supporting various FCA submission on Regulatory Reporting relating to RWA's (Risk Weighted Assets)

Analysis of data, generate queries for trends / spikes and troughs and inaccuracies and follow up to appropriate closure

Managing senior management stake-holders expectation as part of key strategic projects, advisory role to Front office and presentation to finance management in the Letter of Representation meetings.