Product Controller - Markets Portfolio Finance

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.

The Strategic Transactions Group (STG) forms part of Barclays Group Tax. STG's objective is to utilize its execution and transaction-management capabilities in support of appropriate tax and associated capital management for the Barclays Group.

Product Control is a global function with c1000 staff based in London, New York, South Africa, India and across the Asia Pacific region. Product Control is primarily responsible for understanding, substantiating and controlling the daily trading balance sheet and income statement for Barclays Investment Bank.

The Markets Portfolio Finance team, within product control, provides a full front to back finance service for the STG business; including product control, financial reporting & control and tax liaison in relation to structured transactions involving multiple legal entities and financial products. The team currently comprises of professional employees in London, Luxembourg, New York and the Chennai.

Overall Purpose of Role

Markets Portfolio Finance is responsible for the preparation of statutory, regulatory, tax and management reports for the activity undertaken by STG. We ensure integrity of financial information by implementing and monitoring appropriate reporting controls. This is achieved by striving to execute in a consistent and timely manner, and by implementing best practices globally.

Key Accountabilities

· Preparation of monthly management reporting, including P&L and balance sheet reconciliations and Substantiation processes for specific structured transactions
· New deal analysis with consideration of trade booking and appropriateness of booking methodologies or approximate booking.
· Front to Back reconciliations
· Implementation and monitoring of key internal product and financial controls to ensure a robust controls environment;
· Accounting for a variety of financial instruments involved in structured transactions on solus entity and consolidated bases;
· Site accountant for a portfolio of legal entities responsible for ensuring the accuracy of the accounting records and the validity of bookings to the financial ledgers;
· Liaising with the Tax Structuring team to resolve accounting issues and queries related to structured transactions;
· Preparation and review of entity tax calculations;
· Preparation of statutory financial statements under IFRS and forecast management accounts;
· Periodic Hedge Effectiveness testing as required.

Stakeholder management and leadership

The role will involve building strong relationships and regular communication with a wide group of stakeholders, including Front Office, Risk, IT, Tax, Regulatory Reporting, TCU and IB MO. The role will require the following expected leadership responsibilities and decision making:

· Monitoring of some Key Controls and Reconciliations
· Participating in the projects, planning programmes, implementing strategy and efficiency
· Review and assist manager signoff on sub-ledger and main ledger, balance Sheet preparation and analysis

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

Skills and Qualifications

· Minimum of 2:1 degree or equivalent experience
· Numerate based A-levels and degree
· Part or Fully Qualified CIMA/ACA / ACCA preferred
· Good technical understanding of International Financial Reporting Standards and UK GAAP
· Ability to understand accounting entries and apply this knowledge in a practical manner
· Strong Microsoft Excel skills
· Good Microsoft Word Skills
· A strong practical understanding of the importance of rigorous controls environment
· Attention to detail and diligence combined with good analytical problem solving skills
· Ability to multi-task and manage competing tasks
· Ability to pick up concepts quickly and to challenge existing thinking and processes

Values & 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 http://www.barclays.com/

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

Benef its

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 .