Assistant VP
Chennai (Chennai) Accounting / Management control
Job description
About Barclays
Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions – in the right way.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
At Barclays, we recruit based on merit and are committed to promoting diversity throughout our organization.
About Finance
Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 325 years of history and expertise in banking, Barclays operates in over 50 countries and employs 140,000 people.
Barclays moves, lends invests and protects money for customers and clients worldwide. Please visit our website here for more information.
About O&T Financial Control
Managing the Financial Control activities for O&T and Head Office entities. This includes Month End Accounting, Account Substantiation, inform Attestation as Reconciler & Reviewer
o Serve as central point contact for 3025 retained earnings reserve.
o Manage various interface controls around SAP processes related to financial ledger
o Support & managing PWC & BIA audit
Overall purpose of role
A Financial Control Analyst provides financial competencies to their area of focus. They are seen as subject matter experts in finance topics or systems with a detailed understanding of specific complex financial subjects such as balance sheet, income, costs and provisions. They will utilise their expertise and understanding of financial disciplines to maintain and prepare the general ledger and financial accounts or to analyse business performance for both finance business partners and line management within financial control. The job-holder will deputise for their line manager when necessary.
Jobholders have a sound working knowledge of complex consolidation systems (SAP and others) and where the make-up and origin of data is not easy to track. They will be responsible for correcting errors and misstatements, providing input to projects, analysing Change requests and providing Change impact analysis across their area of focus.
Specific Areas of Focus
o Ownership of accounting and month end process for own speciality technical area (which will consist of multiple SBU's) of focus from an FC perspective (i.e. ensure initial review of month end reports is of sufficient quality to ensure minimal subsequent review points)
o Stakeholder relationship management (e.g. onshore financial control, RBB Financial Operations, Finance Business Partner teams etc.)
o SOX compliance and Management Self-Assessment Testing
o Maintain Issues logs
o Standard Journal and Allocation Review
o Understand underlying control frameworks which support the multiple SBU's within range of responsibilities
o Act as Subject Matter Expert for on-shore Financial Control Team
o Driver of continuous improvement of the control environment within Personal and corporate bank Financial Control in general and specifically the multiple SBU's within own area
Key Accountabilities
The jobholder may be required to do the following activities:
Financial Reporting & Accounting Operations
Competency Level: Core to Intermediate
o Provide expert reference for customers for areas of focus; providing expert help and guidance on a wide range of complex and difficult subjects. By application of their professional knowledge and experience, understand the potential impact of decisions on other areas and interpret requirements.
o Act as a centre of excellence by providing in-depth, specialist knowledge and handling difficult issues that have been escalated
o Investigates and resolves the more complex problems, issues and queries, liaising with customers, suppliers and other experts, as appropriate
Business Performance Management
o Assist line manager in providing an informed view of allocated multiple SBU's, i.e. explaining how individual business area trends are consolidated.
o Provide accurate and timely financial analysis on a wide range of complex technical/business issues in connection with jobholder's area of responsibility, e.g. variances, trends, impact of change initiatives, impact of new accounting regulations and how to account for new areas/ types of business.
Financial Control
o Provide subject matter expertise to key stakeholders (onshore financial control teams, financial business partners, Finance Operations).
o Keeps up to date with subject matter knowledge and best practice in this area
o Reviews/analyses implications of Finance projects for own area of expertise. Recommends change and raises change requests, as necessary.
o Investigates internal accounting and external reporting implications of new and amended accounts for own area of expertise.
o Has an on-going program to develop and implement new processes to enable the business to adopt best practice.
o Ensures the integrity of the numbers to enable the attestation process
Business Education
o Provides highly specialist knowledge and support and guidance on all financial processes and procedures to business areas
o Investigates and resolves problems, issues and queries liaising, with customers, suppliers and other experts, as appropriate
o Liaises with peer group to ensure consistency of approach
Team Building
o Take responsibility for personal performance development, training and career development plans and ensure they are relevant and progressed
Stakeholder Management and Leadership- NA
Decision-making and Problem Solving
o Actively develops a culture of continuous improvement within own sphere of influence (regularly reviewing processes, procedures and requirements, identifying areas for improvement and implementing resultant changes).
o Ensures that the integrity of the financial data remains within the highest standards, by ensuring that adequate financial and process controls are in place.
o Reviews and authorises change requests taking account of implications for own area of expertise.
o Assesses Change Requests for impact on existing processes and architecture
o Identifies options and design solutions, working with the unit/business Project teams as subject matter experts to optimise services and outputs
Risk and Control Objective
All Barclays colleagues have to 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
o Demonstrable thorough and up to date understanding of financial accountancy (including IFRS gained within a financial services environment)
o Understanding of the financial services market and the latest thinking and developments in finance gained within a financial services environment
o Accounting qualification- CPA, ACA ,ACCA, MBA or a Post graduate degree with relevant experience
o The jobholder must have substantial directly relevant experience in a technical financial environment.
o Financial Accounting - experience of financial management
The Benefits: Our customers deserve the best. The same goes for our employees. That's why at Barclays you'll receive a range of benefits that include a competitive salary and all the tools, technology and support you need to succeed.
Our Culture: Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it.
Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.
Barclays is an equal opportunity employer and are opposed to discrimination on any grounds. For more detailed information, please visit our dedicated Diversity and Inclusion site here .
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.