Barclays - Assistant Vice President - Product Control - Shared Services

About Barclays

Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.

We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We- re one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management.

For further information about Barclays, please visit our website www.barclays.com

About 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.

Product Control at Barclays:

We are committed to hiring and retaining top talent, and investing heavily in the development of our people.

- Product Control is a highly rewarding, supportive and friendly place to work. Our people are flexible, ready to think on their feed and overcome plenty of challenges.

- We offer a unique experience compared to other investment banks.

- Chennai is an extension of our global Product Control team and operates as a full end to end function supporting several asset classes across the globe. Organisational structure and functional responsibilities are the same in Chennai as they are in our other major Product Control hubs around the world.

- The Chennai build out is an exciting growth opportunity for us and it offers un-paralleled career and mobility opportunities

Roles & Responsibilities:

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.

Daily Responsibilities:

- Review daily P&L, P&L attribution, P&L commentary, flash to formal differences and manual adjustments

- Develop a sound understanding of risk positions through detailed discussion with traders and risk managers on risk positions so that an appropriate P&L model is deployed with focus on key risk items and market moves

- Perform insightful financial analysis to draw sound conclusions to present to senior stakeholders in onshore PC locations and Financial Control

- 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

- Foster a culture of performance improvement by serving as a lead for recommendations and be accountable for the delivery of qualitative and efficiency benefits from direct reports

Weekly / Monthly Responsibilities

- Review key weekly & monthly MIS to senior management.

- Gain in-depth understanding of provisioning and price testing controls and processes, and perform detailed review of the working files.

- 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. Ensure the completeness and accuracy of key stroke documentations for key PC processes, risk assessment and SOX documentation.

Qualifications /education:

- Qualified accountant / CIMA

- CFA / Masters in Finance / Financial Engineering would be an advantage

Working experience:

- 5-7 years of product control experience in a top tier investment bank

- Articleship in mid to large sized firms

- Audit exposure in large financial institutions / banks preferred

Technical knowledge / skills:

- Good knowledge of financial product and markets of the relevant asset class and ability to learn

- 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 UK / US as part of a global team (written and verbal)

- Excellent time management skills and ability 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

Barclays Values and Diversity

Our common purpose is to help people achieve their ambitions - in the right way. We- ll measure and reward our people, not just on commercial results, but on how they live our Values of Respect, Integrity, Service, Excellence and Stewardship and bring them to life every day. To find out more about working at Barclays and the development opportunities we offer please visit our website www.barclays.com

We are an equal opportunity employer and we are opposed to discrimination on any grounds